Stock Market News
Starcom hopes to unlock sales margins with early product release
Wireless tracking solutions firm Starcom announced on Thursday that the latest version of its Watchlock Cube, the company's award winning padlock, is now available to the market ahead of schedule.
The AIM-traded company said the product, which was originally planned for release in the third quarter of this year, combines GPS and cellular technology with a high-security padlock to ensure "security and constant communication".
The latest iteration has been developed in-house but unlike prior versions of the product it will be marketed under the Starcom brand, rather than in partnership.
According to the company it will therefor benefit from a higher sales margin.
A statement from Starcom said: "The success of the Watchlock is based on its ability to detect any irregular event which will immediately trigger an emergency alert, allowing the prevention of a breach or damage to the cargo or station it is protecting."
The product's electronic shell allows it to fit a variety of C10 padlocks from various manufacturers, and the company hopes that its lower price and more durable battery life will lead to stonger sales than those experienced by the product's forebears.
As of 0927 BST, Starcom's shares were up 1.72% at 2.95p.
The AIM-traded company said the product, which was originally planned for release in the third quarter of this year, combines GPS and cellular technology with a high-security padlock to ensure "security and constant communication".
The latest iteration has been developed in-house but unlike prior versions of the product it will be marketed under the Starcom brand, rather than in partnership.
According to the company it will therefor benefit from a higher sales margin.
A statement from Starcom said: "The success of the Watchlock is based on its ability to detect any irregular event which will immediately trigger an emergency alert, allowing the prevention of a breach or damage to the cargo or station it is protecting."
The product's electronic shell allows it to fit a variety of C10 padlocks from various manufacturers, and the company hopes that its lower price and more durable battery life will lead to stonger sales than those experienced by the product's forebears.
As of 0927 BST, Starcom's shares were up 1.72% at 2.95p.
Related share prices |
---|
Starcom (STAR) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price