SRT MARINE SYSTEMS PLC

Regulatory Filings • Apr 19, 2023

National Storage Mechanism | Additional information

RNS Number : 6486W

SRT Marine Systems PLC

19 April 2023

REACH

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

New Coast Guard System Operational

SRT Marine Systems plc ('SRT'), a global provider of maritime domain awareness systems and technologies for surveillance, security, safety and environmental protection is pleased to advise that a new vessel monitoring and inspection co-ordinating system contracted and announced in November 2022, is now operational.

This small system was contracted to SRT in November 2022, with an expected end to end delivery period of 6 months. The initial deployment phase was completed in January 2023, with operationalisation of the system undertaken in the subsequent months.

The system is owned and operated by a single national coast guard but serves multiple national agencies. The system uses a basic tactical version of the SRT-MDA system to deliver a single platform that integrates basic vessel tracking and identification information across multiple national agencies along with vessel inspection co-ordination functionality. 

Simon Tucker, CEO of SRT Marine Systems, commented:

"The modular flexibility of the SRT-MDA System enables us to accommodate both tactical and strategic needs of customers to suit their present-day operational and budget requirements, whilst also delivering a future proof platform which can expand over time. This Coast Guard has taken its first steps with SRT on its strategy to build its own independent maritime surveillance and intelligence capabilities in order to deliver significant increases in operational effectiveness and efficiency."

For further information, please contact:
SRT Marine Systems plc		www.srt-marine.com  + 44 (0) 1761 409500
Simon Tucker (CEO)		simon.tucker@srt-marine.com
Louise Coates (Marketing Manager)		louise.coates@srt-marine.com
finnCap Ltd (NOMAD & Broker)
Jonny Franklin-Adams / Teddy Whiley (Corporate Finance)		+44 (0) 20 7220 0500
Tim Redfern / Charlotte Sutcliffe (ECM)

About SRT Marine Systems plc:

SRT Marine Systems PLC is an established leader in the growing global market for maritime domain awareness. We provide advanced technologies, products and systems that enhance maritime safety, security and environmental protection and sustainability. Our customers range from governments to vessel owners around the world.

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