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[withheld] — Multi-tenant freight-wagon GPS/IoT telemetry (location, bearing temperature, brake wear, load status, door/tilt/vibration, humidity) aggregated across 100+ railway-operator clients in the Positrex platform, generated as a byproduct of LEVEL Systems' GPS/IoT monitoring hardware deployed on freight wagons since 2021 (Smart Wagon line) and broader asset tracking since 2005 (Positrex).. Established niche telematics vendor — 30+ years in GPS monitoring (founded 1992), ~24 employees, platform monitors 100,000+ objects across 32 countries and serves 100+ rail…