TPL Trakker Limited has announced that its associated company, Trakker Middle East LLC, has entered into a contract with SOCIETE “SEBIT” SARL to provide IoT-based fuel monitoring solutions in the Republic of Chad.
The company shared this development through a notice to the Pakistan Stock Exchange (PSX) on Thursday in accordance with Sections 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the PSX.
“We are pleased to announce that Trakker Middle East LLC, an associated company of TPL Trakker Limited has entered into a contract with SOCIETE “SEBIT” SARL for the provision of IoT-based Fuel Monitoring Solutions in the Republic of Chad, Africa,” read the notice.
This partnership marks the first project of its kind for TPL Trakker in the African region and is a significant step in expanding the company’s geographic footprint beyond the Middle East.
The agreement is expected to open doors for further growth opportunities across other African markets, where there is considerable potential for IoT-based telematics and fuel monitoring solutions.
TPL Trakker officials noted that the project in Chad represents a strategic move to tap into the growing demand for advanced technological solutions in Africa.
The company anticipates further growth in the region, leveraging its expertise in IoT solutions to offer enhanced fuel management services. This step underscores TPL Trakker’s commitment to expanding its international reach and capitalizing on emerging market opportunities.
