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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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CNTGGUUUWUPWPGW
Date   Source Headline
29th Dec 20104:33 pmPRNIssue of Equity/Director/PDMR Holding
6th Dec 20107:00 amPRNNew US$900,000 AIS Order Received
3rd Dec 20103:24 pmPRNIssue of Equity
30th Nov 201011:34 amPRNTotal Voting Rights
25th Nov 20107:00 amPRNUS$1.2 million of new AIS Orders Received
11th Nov 20104:30 pmPRNHolding(s) in Company
11th Nov 20104:30 pmPRNHolding(s) in Company
11th Nov 20104:30 pmPRNDirector/PDMR Shareholding
2nd Nov 20107:00 amPRNHalf-yearly Report
29th Oct 201012:51 pmPRNTotal Voting Rights
25th Oct 20109:34 amPRNIssue of Equity
20th Oct 20107:00 amPRNUS$1.3 million of new AIS Orders Received
17th Sep 20101:34 pmPRNIssue of Equity
2nd Sep 20107:00 amPRNAGM Statement and Trading Update
18th Aug 20107:00 amPRNUS$750,000 new AIS Orders Received
2nd Aug 201011:32 amPRNTotal Voting Rights
2nd Aug 201011:32 amPRNTotal Voting Rights
30th Jul 20103:17 pmPRNIssue of Equity
14th Jul 20107:00 amPRNUS$2.1 million AIS Orders Received
2nd Jul 20107:00 amPRNUS$500,000 AIS Class A Order Received
30th Jun 201012:32 pmPRNTotal Voting Rights
30th Jun 20107:00 amPRNTETRA Licence Agreement
22nd Jun 20107:00 amPRNStrategic AIS Agreement signed in South Korea
21st Jun 20108:50 amPRNUS$480,000 AIS Class A Order Received
11th Jun 20103:20 pmPRNIssue of Equity
7th Jun 20107:00 amPRNFinal Results For The Year Ended 31 March 2010
1st Jun 20104:34 pmPRNIssue of Equity
28th May 20107:00 amPRNTransceiver Approvals Received and Shipping Commenced
22nd Apr 201010:18 amPRNUS$270,000 AIS Class B Module Order
1st Apr 20107:00 amPRNUS$700,000 AIS Class A Order
26th Mar 20104:26 pmPRNHolding(s) in Company
22nd Mar 20107:00 amPRNUS$1.46 million AIS Class A Orders Received
16th Mar 20107:00 amPRNCommencement of AIS Mandate in Turkey
2nd Mar 20107:00 amPRNAIS Agreement Signed
18th Feb 20109:48 amPRNGrant of Options
22nd Dec 20097:00 amPRNSRT signs deals targeting AIS mandates
1st Dec 20097:00 amPRNAIS Class A Agreements
27th Nov 20097:00 amPRNDirectorate Change
26th Nov 20097:00 amPRNNominated Adviser Change of Name
18th Nov 20097:00 amPRNHalf-yearly Report
3rd Sep 20097:00 amPRNUS$18m AIS Order
21st Jul 20093:39 pmPRNGrant of Options
13th Jul 20094:07 pmPRNDirector/PDMR Shareholding
13th Jul 20092:25 pmPRNAnnual Report and Notice of AGM
11th Jun 20097:57 amPRNTETRA Licence Agreements
2nd Jun 20097:00 amPRNFinal Results
28th Apr 20097:02 amPRNAIS Class B Order
28th Apr 20097:00 amPRNAIS Class B Order
3rd Mar 20097:00 amPRNChange of Adviser
6th Feb 20097:00 amRNSBoard Changes

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