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Licence for GeoVS Technology

15 Jan 2014 07:00

RNS Number : 6511X
Software Radio Technology PLC
15 January 2014
 



SOFTWARE RADIO TECHNOLOGY PLC

(AIM: SRT) ("SRT")

 

LICENCE FOR GEOVS TECHNOLOGY

 

 

 

SRT is pleased to announce that it has signed a licence deal for the use of its GeoVS 3D visualisation software. The software will be used to enhance maritime domain awareness at a strategically important commercial infrastructure installation. The deal is worth £145,000 over the first year, comprising fees for licensing and customisation, with further support licence fees payable thereafter.

 

Simon Tucker, CEO of SRT said: "Having acquired GeoVS only three months ago, I am delighted to be announcing our first commercial deal which signals the commencement of a new income stream for SRT."

 

 

Contacts:

Software Radio Technology plc

Simon Tucker, Chief Executive Officer

+44 (0) 1761 409 500

simon.tucker@softwarerad.com

WH Ireland Limited

Tim Feather

+44 (0) 20 7220 1666

 

About SRT:

Software Radio Technology plc develops advanced radio communication based marine domain awareness technologies, products and systems. These are customised and provided to a global customer base to meet worldwide market demand to identify and track vessels of all sizes in leisure, commercial and homeland security applications

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