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Pin to quick picksSrt Marine Sys. Regulatory News (SRT)

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Spread: 2.00 (2.532%)
Market Cap: £218.41m
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L3 - AIS AtoN Update

15 Jun 2007 07:02

Software Radio Technology PLC15 June 2007 SOFTWARE RADIO TECHNOLOGY PLC L3 Communications starts shipping AIS Aids to Navigation Product Software Radio Technology plc ("SRT") is pleased to announce that L3Communications of the USA has begun shipping its first AIS Aids to Navigation("AtoN") products to customers. The L3 AtoN product is the result of a joint development between SRT and L3using SRT's core AIS technology and development skills. The product will be usedwithin existing AIS networks to provide constant and reliable information onhazards to shipping and also detailed environmental information such as tidesand weather. The product is designed to operate in the most extreme and isolatedlocations such as piers and buoys for years with minimal maintenance. The growing availability of low cost, high performance AIS products frommultiple vendors is stimulating the growth of AIS systems and networks. AtoN isan integral element of such networks. L3 Communications has a worldwide reputation for the production and supply ofhigh quality mission critical products and has built a strong customer basewithin the AIS market place. The AtoN product now being shipped continues theexpansion of their product line. Simon Tucker, SRT's Managing Director said: "L3 and SRT have worked hard todeliver this product to the market. Right from the start we recognised the valueof a relationship with a group like L3 and believe that we have demonstrated ourcredentials as a reliable provider of core technology solutions. Now thatproducts are being shipped we look forward to a new and growing royalty revenuestream." Enquiries: Software Radio Technology plc 01761 409500Simon Tucker simon.tucker@softwarerad.comManaging Director Hanson Westhouse Limited 0113 246 2610Tim Feather CityRoad Communications 07947 186694Paul Quade About SRT: Founded in 1987 and quoted on AIM in 2005, SRT focuses on the development ofturnkey technology product solutions for homeland security applications. SRT'stechnologies are used by manufacturers to fast track and de-risk the developmentof their own products. SRT has focused on the areas of professional voice anddata radio communications such as TETRA and maritime identification and trackingsystems, such as AIS: both of which are global standards. The company has aworldwide customer base with a business model based on customers payingroyalties on each product manufactured. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
4th Jul 20067:00 amPRNAIS agreement signed
23rd Jun 20067:00 amPRNMarine AIS Class B Distributor Agreements
22nd Jun 20063:33 pmPRNHolding(s) in Company
19th Jun 200611:45 amPRNResult of EGM
15th Jun 20067:00 amPRNFinal Results
25th May 20067:00 amPRNPlacing
15th May 20069:12 amPRNAIS Class B Distribution Agreement
27th Apr 20067:00 amPRNTrading Update
5th Apr 20067:00 amPRNTETRA Contract
29th Mar 20067:00 amPRNTETRA Exclusivity Agreement
15th Mar 20067:00 amPRNGrant of Export Licences
15th Mar 20067:00 amPRNAward of Contract
13th Mar 20067:01 amPRNHolding(s) in Company
8th Feb 20062:07 pmPRNHolding(s) in Company
6th Feb 20067:00 amPRNRe Agreement
28th Dec 20057:25 amPRNHolding(s) in Company
15th Dec 20057:00 amPRNAIS Class B
5th Dec 20057:00 amPRNInterim Results
14th Nov 20057:00 amPRNAgreement with Selex Communications
2nd Nov 20058:00 amPRNAdmission to AIM
2nd Nov 20058:00 amRNSAdmission to AIM

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