Starcom wins new tracking system contract

(ShareCast News) - Starcom has secured a new contract for its Helios Hybrid tracking system following an international tender against a number of competitors.The company, which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, said the order comprises 100 units which have been shipped to the customer with a total value of $91,000. This includes a portion of monthly maintenance fees, paid in advance.Chief executive officer Avi Hartmann said: "Our clear and unique advantage over our international competition is our ability to operate the Helios tracking system using only satellite connection, rather than the standard GPS, which does not offer full global coverage."We have spent much time and effort on the development of the Helios Hybrid and we believe we have a world class product for customers who need a reliable tracking system on their assets in areas where only satellite coverage is available."At 1037 BST, Starcom shares were up 11.3% at 4.1750p.