Last checked at 2 Mar 2010 07:00
SOFTWARE RADIO TECHNOLOGY PLC ("SRT" or the "Company") AIS Agreement Signed
Software Radio Technology plc ("SRT" or the "Company") is pleased to announce that it has entered into an agreement with Koden Electronics Co Ltd ("Koden") of Japan to supply AIS equipment (the "Agreement").
Under the terms of the Agreement SRT will supply a mixture of AIS modules and OEM products to enable Koden to develop its own range of AIS products. Koden is an international marine electronics company based in Japan with an established global sales network primarily targeting commercial vessels.
Simon Tucker, SRT CEO said, "We are delighted to have entered into this agreement with Koden and look forward to a long and mutually beneficial relationship. Koden is a large and well known provider of commercial marine electronics with an extensive international sales network which will now benefit from the addition of a complete range of AIS equipment. This agreement gives SRT direct access to the large Japanese market, where it is estimated that approximately 100,000 vessels are expected to fit an AIS device in the future as well as extending our existing global sales channel network."
-ends- Enquiries: Software Radio Technology plc +44 (0)1761 409500 Simon Tucker simon.tucker@softwarerad.com Group Managing Director Westhouse Securities Limited +44 (0) 20 7601 6100 Tim Feather Matthew Johnson About SRT:
Software Radio Technology plc, develops advanced radio communications technologies which are used to create enabling modules and OEM products. SRT Marine Technology Limited focuses on VHF and AIS technologies for use in navigation and homeland security identification and tracking applications. SRT Marine Technology provides its solutions in a variety of module and OEM product formats.
vendor