Last checked at 13 Apr 2007 11:00
SOFTWARE RADIO TECHNOLOGY PLC FCC APPROVAL
On 11 April 2007, Software Radio Technology plc ("SRT" or the "Company") announced that the Company's AIS Class B transceiver had received approval from the US Federal Communications Commission (the "FCC").
The Company has been notified by the FCC that the approval certificate granted and provided to SRT was issued in error and a certificate should not have been issued at that time.
The FCC has advised SRT that the grant of the approval was an administrative error and various matters are still under consideration. The FCC has further advised SRT that there is an approval waiver process which can be applied for in the short term which may enable the AIS Class B technology to be sold in the USA prior to full FCC approval being granted. SRT intends to pursue this route.
The Company remains confident that full FCC approval will be granted in due course and understands that the matters now under consideration relate to the FCC's rules governing the deployment of significant numbers of AIS Class B units.
Simon Tucker, SRT's Managing Director, said: "The granting of the approval earlier this week was well ahead of our expectations and it is naturally disappointing that this was due to an error. We are taking the necessary steps to apply for the waiver from the FCC and anticipate gaining full FCC approval within our original timescales."
Enquiries: Software Radio Technology plc 01761 409500
Simon 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 of turnkey technology product solutions for homeland security applications. SRT's technologies are used by manufacturers to fast track and de-risk the development of their own products. SRT has focused on the areas of professional voice and data radio communications such as TETRA and maritime identification and tracking systems, such as AIS: both of which are global standards. The Company has a worldwide customer base with a business model based on customers paying royalties on each product manufactured.
SOFTWARE RADIO TECHNOLOGY PLC