Last checked at 21 Dec 2006 07:02
Software Radio Technology plc ("SRT" or the Company) SRT expands AIS customer network
Following the successful launch of SRT's low cost AIS transponder solution for small commercial and leisure boats, the Directors of the Company are delighted to announce the signing of a further two agreements. These agreements, with New Brunswick Technologies in the USA and Pronav in Norway, take the total distributor and licensee base to 17 companies around the world.
The SRT AIS solution provides customers with a fully compliant module around which they can create their own unique product. The AIS market has been growing since the 2002 IMO (International Maritime Organisation) global mandate for all vessels over 300 tonnes. Today AIS is actively being used as a safety device by leisure boat owners and a tracking tool by port authorities and other commercial marine operators. However, Directors of SRT expect the main demand for AIS to come via national mandates commencing during 2007 and believe that the growing and diverse customer base places the Company in an excellent position in this market.
Simon Tucker, SRT's Managing Director said, "We are delighted to have enteredinto agreements with New Brunswick Technologies and Pronav. As with all ourcustomers, we will work closely with them to develop their unique AIS offeringsand to maximise the return from their established sales channels. We continueto negotiate with other carefully selected companies and expect our customerbase to continue to expand."Enquiries:Software Radio Technology plc 01761 409500 Simon Tucker simon.tucker@softwarerad.com Hanson Westhouse LLP 0113 246 2610 Tim Feather/Matthew Johnson tim.feather@hansonwesthouse.comAbout SRT:
Founded in 1987, SRT is a UK stock market listed company that develops complete, ready to manufacture wireless technology solutions for applications within homeland security tracking and digital communications applications. SRT's solutions enable manufacturers to significantly fast track, de-risk and cost reduce the development and manufacture of final form complex products. The company has a worldwide customer base and is the world's leading provider of Marine-AIS and PMR-TETRA technology solutions earning royalties on each product manufactured by its customers.
SOFTWARE RADIO TECHNOLOGY PLC