SRT MARINE SYSTEMS PLC — M&A Activity 2014

Dec 11, 2014

National Storage Mechanism | Additional information

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RNS Number : 4455Z

Software Radio Technology PLC

11 December 2014

SOFTWARE RADIO TECHNOLOGY PLC

(AIM: SRT)

("SRT" or the "Company")

MALAYSIAN PARTNERSHIP AGREEMENT

SRT, the AIM-quoted provider of maritime domain awareness technologies, is pleased to announce that it has signed a preferred partnership agreement with Greenfinder SB, a leading provider of maritime equipment and services in Malaysia (the "Partnership").

The Partnership has been formed to provide the Malaysian maritime market with the Company's AIS based fishing fleet tracking solutions.  SRT will supply Greenfinder SB with a range of AIS equipment, display software and ABSEA AIS satellite data, customised to meet local Malaysian fleet requirements.

Simon Tucker, CEO of SRT, said:

"This Partnership is a fusion of local knowledge, in-country capability and our sophisticated technologies and products.  We look forward to working with Greenfinder SB in delivering customised solutions meeting their local market requirements, particularly in regard to the tracking and monitoring of Malaysia's large fishing fleet."

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

The company news service from the London Stock Exchange

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