Tractant: Intentional Agreement with the U.S. Army

by time news

Company


Dried
+12.28%





Base:813.2

opening:867

High:922

low:867

change:278,432

Page Quote News Graphs Company Profile Recommendations


More articles on the subject:




Develops and markets a cloud-based digital platform that optimizes shipments, especially of trucks, and enables smart automatic adjustment based on location between trucks and cargo, which includes an easy and fast payment solution for the B2B market.

Today, the company announced that it has signed a letter of intent with the U.S. Army, to examine the implementation of the technology in the entire military logistics system around the world under the agreement. While optimizing for the removal of empty trucks from the roads and digitization in the supply chain processes.

The parties will work to promote cooperation between them, at their discretion, and to enter into a detailed and binding cooperation agreement within 120 days from the date of approval of the memorandum of understanding. The document clarified that as long as the parties do not reach agreements and no detailed agreement is signed at the end of the above period and if extended by agreement, the memorandum of understanding will not bind the parties, except for the parties’ mutual obligations to maintain confidentiality in the document.

To the company’s understanding, Tracant technologies may help streamline the U.S. military transportation system, while optimizing empty truck travel and digitizing supply chain processes, as part of an effort to reduce polluting emissions, as well as use technology to calculate emissions online.

The move joins a pilot that the company conducted with the Renault Group during October 2020, during which a connection was made to Renault’s bid system, which performs centers for each work order and through which it located the contractors based on their location in relation to Renault’s requests.

The company, which has not yet presented any income in the reports for the last quarter of 2021, in which it lost about NIS 19 million, is traded at a value of NIS 174.5 million after falling 37% since the beginning of the year.

Comments on the article(0):

Your response has been received and will be published subject to system policies.
Thanks.

For a new response

Your response was not sent due to a communication problem, please try again.

Return to comment

You may also like

Leave a Comment