SRT MARINE SYSTEMS PLC

Related Party Transaction • May 9, 2013

National Storage Mechanism | Additional information

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RNS Number : 2996E

Software Radio Technology PLC

09 May 2013

SOFTWARE RADIO TECHNOLOGY PLC

("SRT") (AIM: SRT)

Strategic AIS Satellite Partnership

SRT is pleased to announce that it has signed a memorandum of understanding with exactEarth Ltd of Canada to develop technology to optimise transmissions from Identifier and Class B type AIS transceivers, enabling reliable reception from space through the growing exactEarth AIS satellite network.

The detection range of AIS transceivers by a coastal monitoring system is typically approximately 50 nautical miles.  However many vessels, both large and small, frequently operate outside the detection range of such systems.  The ability to reliably receive AIS transmissions from Class B and Identifier type transceivers from space and therefore without coastal range limitations will enable countries to significantly improve their vessel monitoring capabilities.

Simon Tucker said; "This is an important strategic step for both exactEarth and SRT which will provide the market with a uniquely capable AIS based tracking system solution.  The technology that we are developing with our new partner is complex and will take time to perfect, but has already demonstrated a meaningful improvement on standard satellite reception capability.  We expect the partnership to enable SRT to develop recurring revenue flows linked to the supply of data via a range of applications and services in the future."

"This relationship puts the leaders in satellite AIS detection technology together with the leaders in high performance AIS transponder technology to solve the problem of reliably detecting low cost AIS transponders from space", said Peter Mabson President of exactEarth. "I am very excited by the potential of this relationship to significantly increase the global population of deployed AIS products that we track with our exactEarth satellite constellation and very happy to have formalized our working relationship with the SRT team"

Contacts:
Software Radio Technology plc
Simon Tucker, Chief Executive Officer	+44 (0) 1761 409 500
	simon.tucker@softwarerad.com
WH Ireland Limited
Tim Feather	+44 (0) 20 7220 1666
Allerton Communications Limited
Peter Curtain	+44 (0) 20 3137 2500

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NOTES TO EDITORS

About SRT:

Software Radio Technology plc develops advanced radio communications technologies which are used to create enabling modules and OEM products.  SRT Marine Technology Limited focuses on VHF and AIS technologies for use in navigation and homeland security identification and tracking applications.  SRT Marine Technology provides its solutions in a variety of customisable module and OEM product formats.

About exactEarth:

exactEarth, based in Cambridge, Ontario, is a data services company providing the most advanced information on global maritime traffic available today.  Its premium service, exactAIS®, delivers an unrivalled view of the recognized maritime picture at a global scale. Offering fully secure data in a variety of industry standard formats and delivery methods, exactEarth's data provides real value for a wide range of operational maritime applications delivering operational efficiencies, enhancing security, safeguarding the environment, and assisting in saving lives.  For more information, visit www.exactearth.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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