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Pin to quick picksSrt Marine Sys. Regulatory News (SRT)

Share Price Information for Srt Marine Sys. (SRT)

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US$7 million Orders

14 Mar 2013 07:00

RNS Number : 9668Z
Software Radio Technology PLC
14 March 2013
 



 SOFTWARE RADIO TECHNOLOGY PLC

(AIM: SRT)

 

US$7 million Orders Received

 

 

Software Radio Technology plc ("SRT") is pleased to announce that it has received frame orders worth over US$7 million from customers located in North America. Approximately US$2.6 million of the orders will be delivered during the current financial year ending 31 March 2013 with the balance to be delivered over time in response to market demand.

 

The orders are for SRT's AIS Class A product and are a result of a general increase in demand for AIS products worldwide and pending new mandate requirements in the USA which are expected to come into force during 2013. The orders are from longstanding existing customers who have been actively selling SRT's AIS products for a number of years.

 

Simon Tucker, Chief Executive Officer of SRT, said: "This is a demonstration of how the global AIS market is growing. AIS is now an established marine technology and with only a very small proportion of the global vessel fleet fitted so far and momentum building, I expect we will see more of the same in the future. As the world's leading supplier of AIS technology and products, SRT's challenge will be to continue to be a reliable supplier to our growing customer base who are addressing a growing and very diverse range of markets. I believe the team we have assembled and the investments we have made over the last five years will enable us to meet that challenge."

 

Contacts:

Software Radio Technology plc

Simon Tucker, Chief Executive Officer

+44 (0) 1761 409 500

simon.tucker@softwarerad.com

WH Ireland Limited

Tim Feather

+44 (0) 20 7220 1666

Allerton Communications Limited

Peter Curtain

+44 (0) 20 3137 2500

 

 

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 customisable module and OEM product formats.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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Date   Source Headline
17th Aug 200712:42 pmPRNAIM Rule 26
2nd Aug 20077:00 amPRNRNLI Supply Agreement
31st Jul 20079:49 amPRNTotal Voting Rights
24th Jul 200711:11 amPRNDirector/PDMR Shareholding
20th Jul 200710:02 amPRNGrant of options
18th Jul 20073:38 pmPRNIssue of Equity
16th Jul 20074:04 pmPRNIssue of Equity
12th Jul 20073:30 pmPRNIssue of Equity and Directors' Dealings
22nd Jun 20077:00 amPRNDirectorate Change
15th Jun 20077:02 amRNSL3 - AIS AtoN Update
23rd May 20077:02 amRNSAIS - Scandinavian Markets
23rd Apr 200711:46 amPRNResult of EGM
13th Apr 200711:00 amPRNStatement re: FCC Approval
11th Apr 200711:31 amPRNHolding(s) in Company
11th Apr 20077:00 amPRNAIS Class B FCC Approval
5th Apr 20073:21 pmPRNHolding(s) in Company
29th Mar 20077:00 amPRNPlacing
21st Mar 20073:34 pmPRNHolding(s) in Company
13th Mar 20077:00 amPRNMarine Division Update
12th Mar 20077:00 amPRNTETRA Technology Agreements
9th Mar 20072:31 pmPRNHolding(s) in Company
5th Mar 20073:59 pmPRNHolding(s) in Company
28th Feb 20074:52 pmPRNTotal Voting Rights
19th Feb 20071:04 pmPRNHolding(s) in Company
15th Feb 20074:29 pmPRNHolding(s) in Company
15th Feb 20072:22 pmPRNIssue of Equity
14th Feb 20077:00 amPRNUS COAST GUARD APPROVAL
2nd Feb 20077:00 amPRNTETRA Technology Supply Agreement
12th Jan 20075:34 pmPRNHolding of Warrants
4th Jan 20073:22 pmPRNIssue of Equity
21st Dec 20067:02 amPRNAIS Agreement
18th Dec 20063:42 pmPRNTotal Voting Rights
13th Dec 20067:00 amPRNDirectorate Change
12th Dec 20064:18 pmPRNHolding(s) in Company
7th Dec 20067:00 amPRNInterim Results
4th Dec 200610:52 amPRNHolding(s) in Company
12th Oct 20067:00 amPRNChinese Air Force
5th Sep 20069:58 amPRNHolding(s) in Company
7th Aug 200611:43 amPRNResult of AGM
4th Jul 20067:00 amPRNAIS agreement signed
23rd Jun 20067:00 amPRNMarine AIS Class B Distributor Agreements
22nd Jun 20063:33 pmPRNHolding(s) in Company
19th Jun 200611:45 amPRNResult of EGM
15th Jun 20067:00 amPRNFinal Results
25th May 20067:00 amPRNPlacing
15th May 20069:12 amPRNAIS Class B Distribution Agreement
27th Apr 20067:00 amPRNTrading Update
5th Apr 20067:00 amPRNTETRA Contract
29th Mar 20067:00 amPRNTETRA Exclusivity Agreement
15th Mar 20067:00 amPRNAward of Contract

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