AIS agreement signed

4 Jul 2006 07:00

SOFTWARE RADIO TECHNOLOGY PLC AIS Agreement Signed The Directors of Software Radio Technology plc ("SRT") are pleased to announcethat SRT has signed L3 Communications Corporation (Aviation Recorders Division)("L3") as a customer for its AIS technology.L3 is a US-based company that will use technology provided by SRT to create anAIS Aids to Navigation ("AtoN") product for sale through its internationaldistributor network. The AtoN product will mainly be installed on buoys and isan important element of the growing national AIS systems. They providepermanent hazard warnings to shipping and vital environment information ontides, temperature and wind to authorities.SRT and L3 expect the product to be one of the first into the market meetingall required specifications. Prototypes are expected in September 2006 withproduction by the end of the year. SRT will be paid an initial fee with ongoingroyalties on each product sold.Simon Tucker, SRT's Commercial Director said: "Following the successful launchof our Class B technology earlier this year, we took the decision to investfurther in our AIS business through the development of the other elements of anAIS system. AtoN is an important element of all AIS systems. L3 has areputation as a high quality supplier of these types of products with a wellestablished international brand and distributor base. We are therefore veryexcited to be working with L3 in this area."Margaret Browning, L3 Communications (Aviation Recorders Division) TechnicalDirector said: "L3 has worked hard to establish itself as one of the leadingplayers in the growing US and international AIS market. The launch of an AtoNproduct in 2006 is consistent with our strategy of continuing to lead in thismarket. SRT's AIS expertise and technology are well known and therefore we aredelighted to have them as our partners."Software Radio Technology plc 01761 409500 Simon Tucker simon.tucker@softwarerad.com Shamus Kelly shamus.kelly@softwarerad.com Westhouse Securities LLP 0161 838 9140 Tim Feather tim.feather@westhousesecurities.com Tavistock Communications 020 7920 3166 Christian Taylor-Wilkinson ctaylor-wilkinson@tavistock.co.ukAbout Software Radio TechnologySRT is a developer and licensor of digital wireless technology referencedesigns that facilitate and fast-track the manufacture of sophisticated digitalcommunications and tracking/surveillance products for use within theprofessional homeland security market. Currently SRT develops and suppliestechnology solutions for Marine AIS and PMR-TETRA.About L3 CommunicationsBased in the Florida, USA, L3 Communications Corp is a NASDAQ listed companyproviding a variety of essential communication and electronics products formultiple applications and markets.ENDSOFTWARE RADIO TECHNOLOGY PLC