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Currently unloved Starcom (STAR), Israel-based specialist in remote tracking and monitoring of assets and people, is planning to launch a Mark 2 version of its Watchlock high-security padlock and hoping to clinch a big contract for its Helios vehicle tracking range, as founder and chief executive officer Avi Hartmann celebrates what he argues is a transformational joint venture to grow the company in the key North American market. Loss-making Starcom, whose shares spiked up to 21.75p in January on rumours of a deal with Japanese motor giant Honda before crumbling back to a lowly 2.25p now, has formed a distribution and product development partnership with Florida-based SATO Global Solutions, part of Japan’s £600 million-turnover SATO Holdings, market leader in automatic identification and data capture.
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