17 Jul 2014 07:00

Embargoed until 7am 17 July 2014
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Starcom PLC
("Starcom"or the "Company")
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New distribution arrangements in Central and South America
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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 it has signed a supply and support agreement with a major new distributor operating across Colombia, Ecuador, Mexico and Central America.
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The agreement 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.
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The Company has received an initial order of 4,000 Watchlocks, at a price of $165 per unit, which is in line with the indicative quarterly volumes and prices for Watchlock orders in the agreement.
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Avi Hartmann, CEO of Starcom, commented: "We are devoting a large amount of time to capturing market share in Central and South America, which we see as a prime target region for our high tech mobile monitoring and tracking solutions, due to its large population and increasing reliance upon asset protection."
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For further information please contact: | Â | Â | |
Starcom plc | Northland Capital (Nomad) | Northland Capital (Broking) | Leander (Financial PR) |
Michael Rosenberg Avi Hartmann Eitan Yanuv | Edward Hutton Lauren Kettle | John Howes Alice Lane | Christian Taylor-Wilkinson |
Tel: 07785 727595 +972 543070103 +972 36199901 | Tel: 020 7382 1100 | Tel: 020 7382 1100 | Tel: 07795 168 157 |
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