Starcom PLC Launch of Electric Motorcycle (1513R)

TIDMSTAR

RNS Number : 1513R

Starcom PLC

26 February 2019

26 February 2019

Starcom Plc

("Starcom" or the "Company")

Launch of Electric Motorcycle

with Integrated Helios System

The board of Starcom (AIM: STAR) is pleased to announce that a new range of electric motorcycles incorporating Starcom's Helios tracking and monitoring technology was launched simultaneously in Amsterdam and New York on 25 February 2019 by one of the world's leading electric vehicle manufacturers, Zero Motorcycles Inc. ("Zero").

Zero is a California based company that produces high performance electric motorcycles. Zero's new motorbike, the SR/F, is described, in Internet of Things (IoT) terms, as, the 'first connected motorcycle in the world'.

The SR/F is utilising Starcom's Helios monitoring system that allows Zero and the rider to track the motorcycle's condition in terms of various parameters, including range, battery utilisation and location. In addition, it allows Zero to perform software upgrades to the battery and engine management systems remotely, thus potentially prolonging the life of the propulsion system.

Zero and Starcom have been working together for the past 18 months on the development of this product and Starcom has previously announced that it was working with a motorcycle manufacturer for the integration of the Company's Helios solution into their new model without being able to name the manufacturer, until now.

Zero will purchase the Helios units as part of its production process under an OEM agreement with no minimum order stipulated in the agreement. Online SaaS will be included free to the bike owner at Zero's cost for the first two years, with an option for the bike owner to connect directly to Starcom's global tracking system for a monthly fee thereafter. Initial sales are expected to be relatively low in 2019 but the Directors of the Company consider that there is a significant growth opportunity in later years as the market for electric motorbikes increases.

For more information on Zero Motorcycles and its range of electric motorbikes, please go to: https://www.zeromotorcycles.com/eu/

Avi Hartmann, CEO of Starcom, commented, "This collaborative agreement is another example of how the technology developed by Starcom is being adapted for use in many new sectors. Our Helios unit is incorporated into each motorcycle during the build and we have had to develop a higher specialised and customised product for Zero to fit their purpose; a process which we believe will open more doors for us in the new market of communications to vehicles."

-ends-

Enquiries:

 
 
 Starcom Plc                                           07785 727 
  Michael Rosenberg, Chairman                          595 
 Avi Hartmann, CEO                                   [phone] 
 
 Allenby Capital Limited (Nominated Adviser and 
  Joint Broker)                                      020 3328 5656 
 James Reeve / Jeremy Porter / Asha Chotai 
 
 Peterhouse Capital Limited (Joint Broker)           020 7469 0930 
 Lucy Williams / Charles Goodfellow / Eran Zucker 
 
 Leander PR (Financial PR)                           07795 168 157 
 Christian Taylor-Wilkinson 
 

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February 26, 2019 05:44 ET (10:44 GMT)