Software Radio Technology Secures Deal For 3D Visualisation Software

LONDON (Alliance News) - Software Radio Technology said Wednesday that it had signed a licence deal for the use of its GeoVS 3D visualisation software for USD145,000.

The company said that further support license fees will be payable after the first year. It didn't name the customer. The software will be used to enhance maritime domain awareness at a commercial infrastructure installation.

"Having acquired GeoVS only three months ago, I am delighted to be announcing our first commercial deal which signals the commencement of a new income stream for SRT," said Chief Executive Officer Simon Tucker in a statement.

Shares in the maritime wireless communications company were trading down 0.50 pence at 23.50 Wednesday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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Srt Marine Sys.