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CLSU Clearstar Inc.

39.50
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Clearstar Inc. LSE:CLSU London Ordinary Share KYG2294M1134 ORD USD0.0001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 39.50 39.00 40.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ClearStar,Inc. ClearStar named Gulfstream's preferred provider (6789X)

14/08/2018 7:01am

UK Regulatory


Clearstar (LSE:CLSU)
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RNS Number : 6789X

ClearStar,Inc.

14 August 2018

14 August 2018

ClearStar, Inc.

("ClearStar" or the "Company")

ClearStar selected by Gulfstream as Preferred Screening Provider for Contract Labour

Gulfstream to request contract labour suppliers utilise ClearStar's background screening solutions to vet workers placed with the aerospace corporation

ClearStar (AIM: CLSU), the technology and service provider to the background check industry, is pleased to announce that it has been named the preferred contract labour screening provider by Gulfstream Aerospace Corporation ("Gulfstream"), which designs, manufactures and supports technologically-advanced business-jet aircraft. Following ClearStar's selection by Gulfstream last year to provide background screening services for its direct hires, Gulfstream has now requested that the over 50 contract labour suppliers that place over 3,000 workers each year with the aerospace corporation also utilise ClearStar's screening services. ClearStar provides both domestic and international screening services for Gulfstream and its contractors.

The Company's selection as Gulfstream's partner for screening both direct hires and contract labour was based on a thorough due diligence and demonstration process. Gulfstream demand their contractors to meet the same screening requirements as Gulfstream does for its internal screening provided by ClearStar, and contract labour suppliers are required to submit any screen conducted by another vendor to Gulfstream for approval. By utilising ClearStar's pre-approved services, suppliers will be able to expedite the screening process as well as benefit from the Company's mobile screening solutions that have been designed to meet the needs of the contract labour market.

Gulfstream has led the evolution of business and personal aviation since the 1958 debut of the Gulfstream I, the world's first purpose-built business aircraft. Today, headquartered in Savannah, Georgia, US, Gulfstream operates facilities on four continents and employs more than 15,000 people worldwide. Gulfstream's parent company is General Dynamics (NYSE: GD), a market leader in business aviation; land and expeditionary combat systems; armaments and munitions; shipbuilding and marine systems; and information systems and technologies. General Dynamics' workforce numbers more than 95,000 employees worldwide.

Robert Vale, CEO of ClearStar, said: "We are confident that our unique set of mobile screening tools, which have already made us a mainstay in the contract labour industry, will bring value to Gulfstream and its contractors by making it easier and faster to screen on the go. The partnership signifies a vote of confidence in our screening solutions by yet another high calibre client and testimony to our ability to meet the particularly high security requirements demanded by the aerospace industry. As a result, we expect to receive further interest from this market as well as gain more business from the contact labour suppliers who, after utilising our services for Gulfstream, are moving more of their business to ClearStar."

Enquiries

 
 ClearStar, Inc. 
 Robert J. Vale, Chief Executive Officer 
  David Pattillo, Chief Financial Officer     +1 770 416 1900 
                                             ----------------- 
 
 finnCap Ltd. 
                                             ----------------- 
 Jonny Franklin-Adams, Simon Hicks 
  - Corporate Finance 
  Andrew Burdis, Abigail Wayne - Corporate 
  Broking                                     +44 20 7220 0500 
                                             ----------------- 
 
 Luther Pendragon Ltd. 
                                             ----------------- 
 Harry Chathli, Claire Norbury, Joe 
  Quinlan                                     +44 20 7618 9100 
                                             ----------------- 
 

About ClearStar

ClearStar, Inc. is a leading and trusted background check technology, medical screening, strategic services, and decision-making information provider to employers and background screening companies.

A seven-time Inc. 5000 honouree and founding member of the National Association of Professional Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit: www.clearstar.net.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCUORURWNAWAUR

(END) Dow Jones Newswires

August 14, 2018 02:01 ET (06:01 GMT)

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