Star Energy Share News (STAR)

Starcom, which specialises in the development of wireless solutions, has announced a non-exclusive distribution agreement with telecommunications distributor MAM Objects. The agreement, for the distribution of Starcom's WatchLock product, will see the device marketed and distributed throughout Central and South America with initial deployment in Ecuador and Colombia. Starcom's Chief Executive Avi Hartmann said: "It is pleasing to see Starcom's global roll-out of its WatchLock device continue to gather momentum. Following the distribution agreement in the Ukraine earlier in the year, this agreement will see the WatchLock marketed in the fast developing Latin American market which we hope will result in significant sales of the product in the region. "We continue to employ our strategy of working with distribution partners, as it offers us wide access to markets at a low cost point. Starcom looks forward to developing its Latin American presence, and expanding its market penetration into even more geographies in the future."NR