SRT MARINE SYSTEMS PLC — Earnings Release 2015

Jan 22, 2015

National Storage Mechanism | Additional information

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RNS Number : 8115C

Software Radio Technology PLC

22 January 2015

SOFTWARE RADIO TECHNOLOGY PLC

(AIM: SRT)

("SRT")

Orders of US$1.1 million

SRT, the AIM-quoted provider of maritime domain awareness technologies, is pleased to announce that it has received firm orders with an aggregate value of  US$1.1 million for a range of its AIS OEM products. The orders are expected to be processed and shipped during the current financial year ending on 31 March 2015.

Simon Tucker, CEO of SRT, said:

"With the long pending US Coast Guard AIS rule, which will require a large number of commercial boats to install an AIS transceiver, now awaiting final publication, these orders were driven by customers wishing to ensure that they have some stock to meet initial demand. We look forward to this, and other pending mandates, coming into effect."

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
Anna Legge	+44 (0)7747 788221

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

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