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TRAC T42 Iot Tracking Solutions Plc

4.25
0.00 (0.00%)
Last Updated: 08:00:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
T42 Iot Tracking Solutions Plc LSE:TRAC London Ordinary Share JE00BKVDPL34 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.25 4.00 4.50 4.25 4.08 4.25 0.00 08:00:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 4.04M -1.01M -0.0183 -2.32 2.33M

Starcom PLC Receipt of Funds (7170O)

31/01/2019 1:48pm

UK Regulatory


T42 Iot Tracking Solutions (LSE:TRAC)
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TIDMSTAR

RNS Number : 7170O

Starcom PLC

31 January 2019

31 January 2019

Starcom Plc

("Starcom" or the "Company")

Receipt of down payment from North African Distributor

The Board of Starcom (AIM: STAR) is pleased to announce an update on its North African distributor agreement, details of which were initially announced on 7 November 2018.

The Company has today received a down payment from the distributor for a significant portion of the initial $1.1 million order, which is for the delivery of the Company's Helios Advanced units, together with BIO CAN fuel sensors. This is the first time the Company has deployed this technology in a major project. Delivery of the products by Starcom is due to commence after receipt of a further amount by the customer and the Company will provide a further update once this has been received.

-ends-

Enquiries:

 
 Starcom Plc 
  Michael Rosenberg, Chairman                          07785 727 595 
 Avi Hartmann, CEO                                   +972 5447 5663 
 
 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 
 

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

MSCDMGFMFMDGLZM

(END) Dow Jones Newswires

January 31, 2019 08:48 ET (13:48 GMT)

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