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Share Price Information for Star Energy (STAR)

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Share Price: 8.62
Bid: 9.00
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Change: 0.20 (2.21%)
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Starcom Wins USD5.5 Million Helios Systems Deal With Kenya's Pinnacle

Thu, 03rd Dec 2015 07:59

LONDON (Alliance News) - Wireless monitoring products company Starcom PLC on Thursday said it has signed a supply and support deal with Pinnacle Systems Ltd for its Helios fleet tracking units.

Pinnacle, a Nairobi, Kenya-based road safety, fleet management and vehicle security systems company, will buy thousands of Helios units over a three-year period in a deal valued at around USD5.5 million for Starcom.

"This is our largest contract to date and we are delighted to be working with Pinnacle Systems on this major supply and support agreement. We are working hard to win and fulfil similar large high value contracts currently under discussion," said Avi Hartmann, Starcom's chief executive.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

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