Wireless tracking company Starcom (AIM: STAR) is one of the biggest movers on the AIM market this morning, trading up over 75 percent after announcing a new supply agreement with Pinnacle Systems.
Starcom, who specialise in the development of wireless solutions for the remote tracking, monitoring and protection of assets and people, have committed to sell thousands of Helios units to Pinnacle, a market leader in road safety, fleet management and vehicle security systems in Eastern and Central Africa regions. The contract will be worth around $5.5 million over three years.
Avi Hartmann, CEO of Starcom, commented, “This is our largest contract to date and we are delighted to be working with Pinnacle Systems on this major supply and support agreement. We are working hard to win and fulfil similar large high value contracts currently under discussion.”
Starcom are currently trading up 91.11 percent at 4.30 pence per share. (0806GMT)
