OTAQ plc announced on 20 September that it had been awarded an initial order for the Company's tracking device. The Company is pleased to confirm that, having worked closely with Track Tracker Ltd, a specialist railway technology company, that it has received the first order for its newly developed asset tracking device for use in tracking assets in the rail industry. The contract is for the supply of an initial batch of 40 devices to Track Tracker Ltd. who will monitor the location of railway assets in use in busy, hazardous, and often complex on track and trackside locations.

The railway network is a highly safety critical environment in which the OTAQ asset tracking devices, when integrated into the Track Tracker system, are designed to report precise locational accuracy ensuring that assets are not placed in vulnerable locations. The asset tracking devices will be supplied in the first week of October, with further orders expected following successful on-site operations. The contract demonstrates the innovation and R&D expertise gained through the Company's acquisition of ROS Technology and the evolution of aligned applications, in this case working closely with Track Tracker Limited.

This follows the successful launch of tracking technology products in the sporting events sector earlier in the year.