Last checked at 19 Jun 2008 07:00
SOFTWARE RADIO TECHNOLOGY PLC
("SRT" or the "Company")
US$1 million order received
SRT is pleased to announce that its wholly owned subsidiary, SRT Marine Technology Limited, has received an order for its AIS Class B OEM product worth US$1 million from TCB in China.
AIS is being used by China government agencies to improve safety and security on inland waterways and near coastal regions. It is estimated that China has over 200,000 locally registered vessels who may be required to fit AIS by 2011.
Simon Tucker, SRT's Group Managing Director said; "AIS is truly a global standard and is being used by authorities around the world to improve maritime safety and security. Having already installed a sophisticated national network of base stations, China has become one of the leaders in this respect. TCB has been working with us for a number of years and we are confident that the combination of our advanced, low cost technology and TCB's powerful local market position will lead to further orders in the future. With a potential market of 200,000 units over the next 3 to 4 years China presents another large opportunity for us."
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| Enquiries: | |
| Software Radio Technology plc Simon Tucker Group Managing Director | +44 (0)1761 409500 simon.tucker@softwarerad.com |
| Numis Securities Limited David Poutney Lee Aston | +44 (0) 207 260 1000 |
| CityRoad Communications Paul Quade | +44 (0) 7947 186694 paulquade@cityroad.uk.com |
About SRT:
Founded in 1987 and quoted on AIM in 2005, SRT develops and provides core wireless technology and product solutions for homeland security communication and maritime identification and tracking applications. SRT's solutions enable its customers to enter these markets quickly and without risk with their own unique product proposition and leverage local sales channels. The Company has a worldwide customer base from which it earns a combination of support, license, royalty, module and product derived revenues.