Last checked at 29 Mar 2011 07:00
SOFTWARE RADIO TECHNOLOGY PLC ("SRT" or the "Company") Orders from Chinese Customers
Software Radio Technology plc ("SRT" or the "Company") is pleased to announce that it has received orders from two Chinese customers totalling US$ 300,000.
The orders are for SRT's Class B products and are destined to fill demand from local authorities which are fitting AIS to their fishing fleets.
China is in the process of building the world's largest AIS network to cover up to 550,000 vessels which are planned to be fitted with an AIS device by 2015.
Simon Tucker said, "Last year we recognised that the China market opportunity was bigger than we expected and took action to broaden our customer base. These orders are the first we have seen from these new customers and given the market opportunity we expect to see more in the future.'
-ends- Enquiries: Software Radio Technology plc +44 (0)1761 409500 Simon Tucker simon.tucker@softwarerad.com Chief Executive Officer Westhouse Securities Limited +44 (0)20 7601 6100 Tim Feather Matthew Johnson Leander PR +44 (0)7795 168 157 Christian Taylor-Wilkinson 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