Pointer Telocation Ltd. (NASDAQ: PNTR) said that it has been awarded a supply contract worth USD1.3m to provide cargo tracking solutions for a customer in Africa. The contract is expected to be recorded in the second half of 2014.
The goal of the project is to provide a system for coordinating trade activities in terms of information exchange, cargo tracking and monitoring the movement of goods. This is in order to ensure trade efficiency, cooperation and competitiveness in the region.
Pointer will supply its advanced cargo tracking and monitoring devices to enable the safe and efficient delivery of goods between various countries in Africa.
Pointer Telocation is a provider of technology and services to the automotive and insurance industries, offering a set of services including road side assistance, stolen vehicle recovery and fleet management. For more information: http://www.pointer.com