StockMarketWire.com - Remote tracking and monitoring group Starcom said it had signed a supply agreement with a local distributor in North Africa.

It was the first major project in which the company would implement its technology to measure and monitor biodiesel fuel-tank levels.

The total value of the initial order was around $1.1m, with delivery expected before the end of 2018.

The agreement also provided for the supply of further equipment with a potential value of up to $2.5m on similar terms during 2019, but no firm order had yet been received for that.

It was understood that the equipment would be provided to a government ministry.

Under the terms of the agreement, there was a non-disclosure and confidentiality clause preventing Starcom from naming the client.


At 2:50pm: [LON:STAR] Starcom PLC share price was -0.25p at 2.15p



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