Srt Marine Sys. Regulatory News (SRT)

SOFTWARE RADIO TECHNOLOGY PLC

 ("SRT" or the "Company")

US$5.0 million MDM Supply Contract

SRT, the AIM-quoted provider of maritime domain awareness systems, is pleased to announce that it has signed a contract to supply a national AIS Maritime Domain Management (MDM) system worth approximately US$5.0 million. The contract is for the initial phase of a long term programme with additional phases expected in the future.

The customer is a national authority and the MDM system will provide a national scale maritime monitoring and management capability. This will enable authorities to enhance the security, safety and management of their marine environment through the identification of potential threats, prevention of illegal fishing, management of sensitive marine areas and enhancement of search and rescue capability.

The MDM system includes the supply of a full GeoVS data management and multi-node viewing system with terrestrial and optional ABSEA AIS satellite data fusion capability for long range tracking, AIS coast stations and thousands of AIS transceivers enabled with anti-tamper features. The system will create a national maritime database of vessel and other marine related information which can be viewed, mined and developed by multiple stakeholders, such as the Coast Guard, Fisheries, Police, Navy and Environment ministries to expand and enhance their operations. The system will also integrate and enhance existing surveillance systems.

The system will enable accurate, real time tracking of all vessels of any size and type without range limitation through the fusion of terrestrial and optional ABSEA AIS satellite data feeds. Full vessel ownership and operator details will be maintained and continuously updated with live data along with other relevant information such as their licence status. The GeoVS viewing and data management system uses a unique fusion of dynamic 3D display technology and traditional 2D to provide system operators with significantly enhanced situational awareness in real time from remote control rooms and also on location at sea by official vessels. The dynamic alert system combines live and historical data to enable multi-level automated and continuous monitoring of all maritime activity with predefined events and patterns triggering clearly defined action alerts. The system delivers significant operational efficiencies within a cost effective package.

Simon Tucker, CEO of SRT, said:

"We are delighted that another of our validated sales pipeline opportunities, currently valued at approximately £200 million, has reached the contract implementation phase. We have been working with this customer for over a year, conducting extensive validation trials to ensure that our MDM system meets their demanding requirements within a challenging environment. Maritime domain awareness is now widely recognised as strategically vital and our MDM system provides a robust, reliable and scalable solution. We now look forward to working closely with this strategic customer to implement this first phase over the next year and into the future as they continue to evolve and build their new maritime security and safety apparatus." 

ENDS

About SRT:

SRT 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.

About Automatic Identification System (AIS)

AIS is an international maritime tracking and monitoring technology developed and maintained by the ITU under the auspices of the IMO and UN. Since the first global mandate by the IMO on all ocean going vessels over 300GT in 2002, AIS has proliferated worldwide to become the technology of choice to enhance maritime domain awareness: vessel tracking, port and coast security, pollution monitoring, fisheries management.

AIS is a sophisticated real time mesh network technology which uses an intelligent combination of VHF and GPS technologies to provide constantly updated data on the identity and movement of vessels and other marine objects. For further information please visit: www.allaboutais.com