SRT MARINE SYSTEMS PLC

M&A Activity • Jan 9, 2014

National Storage Mechanism | Additional information

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RNS Number : 2362X

Software Radio Technology PLC

09 January 2014

SOFTWARE RADIO TECHNOLOGY PLC

(AIM: SRT) ("SRT")

OEM 3D DISPLAY PARTNERSHIP

SRT is pleased to announce that its SRT Marine System Solutions division has entered into a partnership agreement with Vissim AS of Norway.

The agreement will see SRT's newly acquired GeoVS 3D Display engine integrated into Vissim's maritime display system and promoted to their existing and future customers as an optional enhancement under the Vissim brand.  SRT will receive licence fees for each deployment.

Simon Tucker, CEO of SRT said: "Our GeoVS OEM Plug-in 3D engine solution enables existing maritime display systems to be enhanced for the benefit of our customers and the end users.  We are delighted to have entered into this agreement with Vissim who are recognised as one of the world's leading providers of high-end maritime display systems and look forward to working with them to bring this new capability to their customers."

Per Arne Henaes, CEO of Vissim said: "This agreement secures better product integration with our existing markets and client base, as well as providing a broader option for new opportunities.  Ultimately this will strengthen our leading position in our Offshore Oil & Gas segment."

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

About SRT:

Software Radio Technology plc 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.

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