Starcom PLC Receipt of Funds (7170O)
January 31 2019 - 8:48AM
UK Regulatory
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
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END
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