17th Dec 2021 17:47
t42 IoT Tracking Solutions PLC - Israel-based wireless, internet-of-things solutions for remote tracking, monitoring and protection of assets, formerly known as Starcom - Says it has secured an agreement with a Latin America consortium for the sale and distribution of t42's shipping container tracking devices, including its Tetis and Lokies products, and SaaS related revenue. Agreement is for no fixed term but provides a framework to order up to a certain amount of product from t42 through to the end of 2024, with ongoing SaaS revenue on units deployed, which could result in overall revenue in excess of USD40 million if the maximum number of product units indicated by the customer are deployed.
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By Arvind Bhunjun; [email protected]
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