LONDON (Alliance News) - Starcom PLC said Thursday that it has signed a supply and support agreement with a major new distributor operating across Colombia, Ecuador, Mexico and Central America.
The wireless services provider said the agreement with the unnamed partner sets out indicative order volumes and prices across Starcom's range, including Watchlock, Triton, Kylos, Helios Advance and Helios TT, over a three-year period which are potentially significant relative to Starcom's existing sales.
While no financial terms of the deal were disclosed, Starcom said it has already received an initial order of 4,000 Watchlocks, at a price of USD165 per unit, is in line with the indicative quarterly volumes and prices for Watchlock orders in the agreement, it said.
The company is focusing on building its market share in the Central and South American regions due to its large population and increasing reliance upon asset protection, said CEO Avi Hartmann.
Shares in Starcom were trading 10% higher at 12.10 pence per share Thursday morning.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
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Star Energy (STAR)