Last checked at 18 Dec 2012 07:00
SOFTWARE RADIO TECHNOLOGY PLC
(AIM: SRT)
$1.8m balance of $3.7m order shipped
SRT is pleased to announce that the final batch of Identifiers, worth $1.8m, for the $3.7m order received in June 2012, has been shipped to the end customer. Full payment has been received for the previous two batches.
The Identifiers are being used to improve safety and security in Central America as part of a US government supported programme. The potential total value of this specific opportunity to SRT is estimated to be up to $20 million, with the initial order worth $3.7m representing the start. SRT expects that further orders will be received during 2013 as part of the national rollout programme.
Simon Tucker commented: "We are pleased to have successfully delivered this order to our customer on time. This is one of several significant opportunities which have been progressing for some years and are now entering their implementation phase."
Contacts: | |
Software Radio Technology plc | |
Simon Tucker, Chief Executive Officer | +44 (0) 1761 409 500 |
simon.tucker@softwarerad.com | |
WH Ireland Limited | www.wh-ireland.co.uk |
Tim Feather | +44 (0) 20 7220 1666 |
Allerton Communications Limited | |
Peter Curtain | +44 (0) 20 3137 2500 peter.curtain@allertoncomms.co.uk |
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.