Last checked at 12 Mar 2007 07:00
SOFTWARE RADIO TECHNOLOGY PLC TETRA TECHNOLOGY SUPPLY AGREEMENTS
The Directors of Software Radio Technology plc ("SRT" or the "Company") are pleased to announce that SRT has entered into agreements with Teltronic, S.A.U. ("Teltronic") of Spain and Selex Communications S.p.A. ("Selex") of Italy for the supply of TETRA handset technology in the form of its RF ASIC. The initial agreements are worth a minimum of US$1.2 million over the next 16 months with further upside as handset sales increase.
Teltronic is the only Spanish manufacturer of TETRA and other PMR (Professional Mobile Radio) systems. The company manufactures and supplies TETRA equipment worldwide through an international network of distributors and SRT's technology is an integral element of this equipment.
Selex is a wholly owned subsidiary of Finmeccanica Group and is based in Florence, Italy. The company is the only Italian manufacturer of TETRA systems and last year was informally awarded the contract to supply the Italian national TETRA system and is now awaiting the formal contract. In addition, Selex supplies its equipment worldwide. Again SRT's technology is an integral element of this equipment.
Simon Tucker, SRT's Managing Director said, "Selex and Teletronic have been TETRA customers of SRT for some time. These new agreements demonstrate the growth in the TETRA market and the value SRT's evolving digital PMR technology provides to these multinational companies. Both customers have exceptional opportunities within Europe and elsewhere and we will continue to work with them to ensure their success and that SRT technology remains at the core of their TETRA equipment."
Enquiries: Software Radio Technology plc 01761 409500
Simon Tucker Managing Director Hanson Westhouse Limited 0113 246 2610 Tim Feather 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.
About Selex:
Selex is a wholly owned subsidiary of Finmeccanica based in Italy. The company specialises in the supply of sophisticated digital communication solutions to a variety of customers around the world. www.selex-comms.com
About Teltronic:
Teltronic is based in Spain and specialises in the supply of sophisticated digital communication solutions to a variety of customers around the world. www.teltronic.es
SOFTWARE RADIO TECHNOLOGY PLC