Last checked at 15 Oct 2015 07:00
15 October 2015
Starcom Plc
("Starcom" or the "Company")
Distributor Order
Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, is pleased to announce that its African distributor, Global Tracking Technology plc, has been awarded a contract to supply a complete fleet management and tracking solution to over 1,300 vehicles in Ethiopia.
The customer, Ethio Telecom, based in Addis Ababa, selected Starcom's Helios product, following a competitive tender process. Ethio Telecom has already expressed its intention to extend the project to include an additional 3,000 fuel management systems for generators in its base stations, across Ethiopia.
The initial project, worth an estimated US$150,000 to Starcom over three years, is based on a three year Master Framework Agreement between Global Tracking Technology plc and Ethio Telecom. This will allow Starcom to explore other related applications to make Ethio Telecom a major beneficiary of the Company's advanced technology. A senior management team from Ethio Telecom will travel to Israel in the next two months to visit Starcom's R&D centre as well as operational customers of the Company.
Avi Hartmann, CEO of Starcom said: "This new order is the first we have achieved with a Telecom company which includes its own SIM card installed with our tracking solution. The Board believes that this may help in opening up additional businesses in this sector."
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For further information please contact: | |||
Starcom plc | Northland Capital (Nomad) | Northland Capital (Broking) | Leander (Financial PR) |
Michael Rosenberg Avi Hartmann
| Edward Hutton David Hignell | John Howes Abigail Wayne
| Christian Taylor-Wilkinson |
Tel: 07785 727595 +972 543070103
| Tel: 020 7382 1100 | Tel: 020 7382 1100 | Tel: 07795 168 157 |
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Notes to Editors:
Global Tracking Technology plc is a location based service provider for the supply chain management. It offers logistics management systems throughout Ethiopia and Africa. Global Tracking offers Fleet Management Systems (FMS) and Electronic Cargo Tracking Systems (ECTS) along with monitoring services to trucking companies within Ethiopia and beyond.
Global Tracking has secured operational licenses from the Ministry of Trade, Ministry of Transport and the Ethiopian Revenue and Customs Authority with fully deployed systems.
The company is one of two licensed companies within the region. The Company currently has contracts with 16 companies, most notably Oilibya (formerly Shell Oil), Coca Cola, Pepsi Cola, National Oil Ethiopia, National Cement, Weyera Transport, and Sky Bus.
Under FMS, Global Tracking offers Basic Track & Trace and Advanced Tracking services.
For further information please go to: www.gtiplc.com