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Trades about 155% below its sector, cheaper than its peers on earnings.
t42 IoT Tracking Solutions PLC, a technology firm formerly known as Starcom plc until November 2021, specializes in developing advanced automated systems. These solutions enable remote tracking, continuous monitoring, robust protection, and efficient management for a diverse range of assets, including individuals, vehicle fleets, shipping containers, and other valuable items. The company operates across two primary business areas: Hardware and Software-as-a-Service (SaaS). Its comprehensive product suite includes: Helios, an Automatic Vehicle Location (AVL) device paired with an integrated fleet management system; Tetis, a real-time GPS tracking and monitoring solution tailored for both dry and refrigerated containers; Lokies, an IoT-enabled keyless smart padlock; and Kylos, a GPS tracker and management platform for general asset oversight. Complementing its hardware, t42 provides a suite of online web applications for web-based fleet and container management, alongside broader monitoring and administrative tools. The Control Center offers defined operational protocols for critical events such as theft, accidents, or driver emergencies. Mobile users can access information via the Olympia Tracking application, available on iOS and Android devices, while the sophisticated Zeppos software consolidates the management of all company assets and team members onto a single platform. t42 IoT Tracking Solutions serves a wide spectrum of clients globally. This includes high-security environments like government and military installations or airports; container and tanker truck operators; distribution companies managing vehicle fleets (trucks, vans); security firms with multiple or remote operational sites; insurance providers; and private individuals. Established in 2004 and headquartered in Saint Helier, Jersey, the company distributes its offerings through an extensive network of technology partners and independent operators, reaching approximately 53 countries worldwide.
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