Srt Marine Sys. Regulatory News (SRT)

17 Sep 2007 07:00

SOFTWARE RADIO TECHNOLOGY PLC $1.1 million AIS order

The Directors of Software Radio Technology plc ("SRT" or the "Company") are pleased to announce that SRT Marine Technology Limited ("SRT Marine") has signed an AIS distribution agreement and received an initial order worth US$1.1 million from a new international distributor.

Under the agreement SRT Marine will supply the distributor with AIS Class B PCB modules for use in a range of AIS-enabled products. The initial order is to fulfil existing orders held by the distributor and is expected to be delivered within the next six months.

The distributor is a large multinational company with an extensive sales and distribution network and established brand. This network will be used to access the growing number of AIS opportunities around the world.

In addition SRT Marine has agreed to support the distributor with an international marketing campaign targeting 500,000 commercial fishing vessels which present a major potential opportunity for AIS Class B. This campaign is expected to commence in November and last for up to six months.

Simon Tucker, Group Managing Director of SRT plc said, "The initial $1.1m order is extremely encouraging and reflects the distribution and brand power of this customer, as well as the rapidly growing global AIS market. We are looking forward to a long term relationship with this customer."

Note: As a core technology provider, SRT is often bound by strict confidentiality restrictions which prevent the release of the name of the customer and other information deemed commercially sensitive.

Enquiries: Software Radio Technology plc 01761 409500 Simon Tucker - Group Managing Director Neil Peniket - Managing Director - SRT Marine

Hanson Westhouse Limited 0113 246 2610 Tim Feather Matthew Johnson CityRoad Communications 07947 186694 Paul Quade About SRT:

Founded in 1987 and quoted on AIM in 2005, SRT focuses on the development of turnkey technology product solutions for homeland security applications. SRT's technologies are used by manufacturers to fast track and de-risk the development of their own products. SRT has focused on the areas of professional voice and data radio communications such as TETRA and maritime identification and tracking systems, such as AIS: both of which are global standards. The Company has a worldwide customer base with a business model based on customers paying royalties on each product manufactured.