T42 Iot Tracking Solutions NPV (TRAC)

Sector:

IT Services

Index:

FTSE AIM All-Share

 3.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.00p
  • 52 Week Low: 2.25p
  • Currency: UK Pounds
  • Shares Issued: 55.13m
  • Volume: 0
  • Market Cap: £1.65m
  • RiskGrade: 1,622

Starcom beefs up revenue with $0.5m cattle monitoring contract

By Duncan Ferris

Date: Thursday 07 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Starcom entered into a new agreement with Xplosive Solutions which will see Starcom supply Kylos cattle monitoring technology to the South African farm protection outfit.
Under the terms of the new agreement, which is for a 36-month period, Xplosive will pay a monthly fee for each Kylos unit to cover the product cost and ongoing SaaS fees, with Starcom expecting to receive approximately $0.5m of revenue over the full length of the agreement.

Avi Hartmann, chief executive of Starcom, said: "In an industry worth over $2bn, and with cattle herds containing thousands of heads, cattle theft has become a serious problem in the South African market. Starcom has worked with Xplosive to develop a cost effective and reliable solution to offer security and theft prevention to the South African cattle industry, as well as to speed the process of rounding-up cattle which graze over large tracts of land."

In October 2017, the AIM traded company entered into a supply and support agreement with Xplosive to sell Kylos units, though this arrangement was delayed in July 2018 whilst Xplosive developed a collar for the cattle and negotiated with local telecom providers.

Consequently, no revenues were generated under this original agreement.

Starcom's shares were up 1.69% at 1.50p at 1252 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TRAC Market Data

Currency UK Pounds
Share Price 3.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.00p
52 Week Low 2.25p
Volume 0
Shares Issued 55.13m
Market Cap £1.65m
RiskGrade 1,622

TRAC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
82.98% below the sector average82.98% below the sector average82.98% below the sector average82.98% below the sector average82.98% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average

TRAC Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

TRAC Key Personnel

CEO Avraham (Avi) Hartmann
CFO Igor Vatenmacher

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