12 years ago

Loksys Solutions Secures £500K Funding for Secure Freight Container System

  • Loksys Solutions, a Manchester-based company developing secure freight container systems, has raised £500,000 in funding from The North West Fund for Venture Capital, managed by Enterprise Ventures

  • The company's patented Trakalok system combines a tamper-proof lock with GPS tracking, enabling secure monitoring of containers throughout their journey

  • The investment will be used to further develop the product, expand sales and marketing efforts, and recruit additional staff for worldwide support operations.

      • ProblemTechnology

      "freight theft is a major problem globally, costing billions of pounds annually. Current security measures are often inadequate, leaving containers vulnerable to theft and tampering."

      Solution

      "Loksys Solutions has developed a patented security system, Trakalok, which combines a tamper-proof lock with a GPS tracking system. This allows for secure locking and continuous monitoring of freight containers throughout their journey, providing real-time alerts in case of any unauthorized access or tampering."

      Covered on