“This is our largest contract to date and we are delighted to be working with Pinnacle Systems on this major supply and support agreement.” – Avi Hartmann, CEO
Starcom’s shares have jumped 50% today due to a contract worth $5.5 million with road safety industry leader, Pinnacle. The deal is to supply their Helios units to the company. This is currently their biggest contract ever. In addition to this the contract has been made with a market leader in East and Central Africa…Pinnacle.
Pinnacle is based in Nairobi, Kenya where truck speed monitoring systems are legally required – this is a good sign for continuous growth.
Although, Starcom have been on a continuous decline since 2014 but could this contract make the company worthwile or has the time for investment already passed?