Reach - non-regulatory announcement* 7 July 2021
Starcom PLC
("Starcom" or the "Company")
Lokies trial with DHL
As announced on 18 June 2021, Starcom was delighted to have won the Smart Guard Innovation Challenge for its Lokies keyless padlock at the recent DHL Logistics & Supply Chain Summit. This has led to the initiation of a trial of Lokies by DHL in one of its main global hubs in Singapore to examine all aspects of the product, both technical and commercial, with a view to DHL potentially trialing the Lokies smart padlock with some of its customers. Should it be successful, the Directors hope that these studies will be expanded in due course to other centres within the DHL network.
At this stage there is no commitment from or contract with DHL, or significant revenue from the trial, and the duration of the trial is unknown.
Avi Hartmann, CEO of Starcom, said:
"We are once again proud with the technological achievement of one of our unique products being assessed by a global conglomerate such as DHL. Whilst there is no commitment from DHL at this stage we are encouraged by their interest and the possibilities it may bring."
Enquiries:
| Starcom Plc | |
| Michael Rosenberg, Chairman | 07785 727 595 |
| Avi Hartmann, CEO | +972 5447 5663 |
| | |
| Allenby Capital Limited (Nominated Adviser and Broker) | 020 3328 5656 |
| Jeremy Porter
| |
| Peterhouse Capital Limited (Joint Broker) | 020 7469 0930 |
| Lucy Williams / Charles Goodfellow / Eran Zucker
| |
*About Reach announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
