SRT MARINE SYSTEMS PLC

Regulatory Filings • Jul 24, 2015

National Storage Mechanism | Additional information

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RNS Number : 9611T

Software Radio Technology PLC

24 July 2015

SOFTWARE RADIO TECHNOLOGY PLC

(AIM: SRT)

("SRT" or the "Company")

US$700,000 Philippines Fisheries Order

SRT, the AIM-quoted provider of maritime domain awareness technologies, is pleased to announce that it has received an order for AIS Class A transceivers worth US$700,000 for deployment on Philippine fishing vessels over the next seven months.

The Philippines has a substantial fishing fleet operating over a large area.  The authorities plan to monitor its maritime exclusive economic zone (EEZ) using AIS to track vessels of all sizes and types.  The initial focus is larger fishing boats which will be equipped with a combination of Class A and Class B transceivers, before addressing the substantial number of smaller fishing boats with Class B and Identifier type transceivers.  A combination of terrestrial and satellite AIS networks will be used to track fitted vessels.

Simon Tucker, CEO of SRT, said:

"Whilst a relatively small order compared to the potential size of the Philippine maritime market opportunity, I am delighted that another significant market has entered its implementation phase.  Again, our global market position and reputation for product quality and technology performance, coupled with our local partner's capabilities, has made SRT products the natural choice for the end customer.  We look forward to working with our partner in the years to come to supply this market with the AIS tracking products and systems they require."

ENDS

Contacts:
Software Radio Technology plc	www.softwarerad.com
Simon Tucker, Chief Executive Officer	+44 (0) 1761 409500
WH Ireland Limited	www.wh-ireland.co.uk
Tim Feather / Liam Gribben	+44 (0) 113 394 6600
Yellow Jersey PR Limited Dominic Barretto	www.yellowjerseypr.com +44 (0)7768 537739

About SRT:

SRT develops advanced radio communication based marine domain awareness technologies, products and systems. These are customised and provided to a global customer base to meet worldwide market demand to identify and track vessels of all sizes in leisure, commercial and homeland security applications.

About Automatic Identification System (AIS)

AIS is an international maritime tracking and monitoring technology developed and maintained by the ITU under the auspices of the IMO and UN. Since the first global mandate by the IMO on all ocean going vessels over 300GT in 2002, AIS has proliferated worldwide to become the technology of choice to enhance maritime domain awareness:  vessel tracking, port and coast security, pollution monitoring, fisheries management.

AIS is a sophisticated real time mesh network technology which uses an intelligent combination of VHF and GPS technologies to provide constantly updated data on the identity and movement of vessels and other marine objects. For further information please visit: www.allaboutais.com 

This information is provided by RNS

The company news service from the London Stock Exchange

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