REG - Starcom PLC - Receipt of Funds

Star EnergyAnnouncement

31/01/2019 13:50

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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