Last checked at 19 Dec 2008 07:08
SOFTWARE RADIO TECHNOLOGY PLC ("SRT" or the "Company")
Trading Update
SRT announces that revenue for the year ended 31 March 2009 is expected to be significantly below market expectations.
Whilst the Marine business continues to grow, the PMR business has suffered from a lack of orders, including from certain Far East customers, and a delay in receiving license and royalty payments.
As a result of the delay in these payments the PMR business has a funding shortfall and the Board of SRT is considering its options regarding the future of SRT PMR Technology Limited, including discussions with potential investors.
SRT expects to announce its interim results for the six months ended 30 September 2008 in the week commencing 22 December 2008.
Enquiries:
| Software Radio Technology plc | +44 (0)1761 409500 |
| Simon Tucker, Group Managing Director | simon.tucker@softwarerad.com |
| Numis Securities Limited | +44 (0)20 7260 1000 |
| Lee Aston, Nominated Adviser |