Starcom PLC Launch of Electric Motorcycle (1513R)
February 26 2019 - 5:44AM
UK Regulatory
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 +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
PRLCKADNKBKDCBB
(END) Dow Jones Newswires
February 26, 2019 05:44 ET (10:44 GMT)
T42 Iot Tracking Solutions (LSE:TRAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
T42 Iot Tracking Solutions (LSE:TRAC)
Historical Stock Chart
From Apr 2023 to Apr 2024