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New Distribution Agreement

17 Jul 2014 07:00

RNS Number : 5526M
Starcom PLC
17 July 2014
 



Embargoed until 7am 17 July 2014

 

 

Starcom PLC

("Starcom"or the "Company")

 

 

New distribution arrangements in Central and South America

 

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.

 

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.

 

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.

 

 

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."

 

-ends-

 

For further information please contact:

 

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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