(Alliance News) - Starcom PLC on Thursday said its product to be marketed by Bosch Connected Devices & Solutions GMBH has been approved by a unit of Swiss International Air Lines Ltd, though no additional orders have thus far been received.
Wireless solutions firm Starcom has has an agreement to supply is Kylos Air products to the Robert Bosch GmbH subsidiary since 2017, and it is then marketed as Bosch Connected Devices & Solutions' own brand solution, the TDL140.
At present, Bosch Connected Devices & Solutions "is in the process of securing approval of the TDL140 with its various air freight customers, to enable sales of the product". So far, Swiss WorldCargo - the air freight division of Swiss International Air Lines - has approved the TDL140 as an active tracking device.
At present, the subsidiary is still undertaking testing so as to gain "equivalent approvals and certifications from other airlines".
"Whilst this approval is yet to lead to any additional orders of the Kylos Air and there can be no guarantee that this will lead to further orders, the board considers that this approval is an important step towards Bosch achieving sales of their own branded Starcom product. The board understands that Bosch has now been marketing this product to its extensive customer base for several months," said Starcom.
Starcom Chief Executive Avi Hartmann said: "We have been working closely with Bosch since 2017 and we have been aware of the significant marketing effort they have committed to the Kylos Air over the past 12 months. We are very pleased, therefore, to see that Bosch is now showing the first results from this effort and in particular that Swiss WorldCargo has recognised that our technology is of the highest standard to justify their endorsement.
"While no additional orders have yet been placed with us by Bosch, we look forward to continuing our strategic collaboration with them. This new development is further confirmation of the advanced technical capabilities of Starcom's tracking products."
Shares in Starcom closed up 2.4% at 1.43 pence in London on Thursday.
By Anna Farley; annafarley@alliancenews.com
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