SRT Marine Systems PLC OEM AIS Product Supply Contract Signed (3634P)
31 August 2017 - 4:00PM
UK Regulatory
TIDMSRT
RNS Number : 3634P
SRT Marine Systems PLC
31 August 2017
SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
OEM AIS Product Supply Contract Signed
SRT Marine Systems plc ('SRT'), the provider of maritime
tracking, management and surveillance technologies, products and
integrated system solutions for ports, waterways, fisheries and
coast guards, announces that it has entered a new contract to
supply customised AIS Class A, Class B transceiver products to one
of the world's leading marine electronics companies.
The customer's existing range of AIS products shall be updated
as of the end of 2017 with a new range of AIS transceiver products
derived from SRT's new generation of core technologies. SRT is
delivering a full turn-key OEM product design and supply service
which will see SRT deliver unique products for the customer, fully
branded and packaged and ready for distribution throughout their
extensive global dealer network into the leisure and commercial
marine markets.
The new generation of products will include a range of new core
technology innovations that have been developed by SRT over the
last two years which will deliver significantly enhanced real world
performance for the end user. These include the integration of
SRT's patented RF transmit/receive chain architecture, HF-AIS
message processing, antenna splitter/sharing technology, integrated
optional SAT-Trak satellite AIS enhancing technology and a
revolutionary patent pending integrated duplex antenna system. The
result of these innovations are AIS transceivers that will deliver
a noticeably better level of performance and functionality to the
end customer.
Simon Tucker, CEO of SRT Marine Systems, commented:
"This is a major international marine electronic company whose
customers value quality, performance, reliability and
functionality. Our core technology developments over the past two
years coupled with our usual quality product engineering and
reliability as a supplier has enabled us to win this important
contract. This new generation of technology and derivative products
will deliver significantly improved performance and functionality
to end users and we look forward to continuing to working with this
customer in the years to come."
There is no further information to be disclosed pursuant to
Schedule Two paragraph (g) of the AIM Rules for Companies.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information, please
contact:
SRT Marine Systems plc www.srt-marine.com
+ 44 (0) 1761
409500
Simon Tucker (CEO) simon.tucker@srt-marine.com
Louise Coates (Marketing Manager) louise.coates@srt-marine.com
finnCap Ltd
Jonny Franklin-Adams / Simon +44 (0) 20 7220
Hicks (Corporate Finance) 0500
Emily Morris / Camille Gochez
(Corporate Broking)
About SRT Marine Systems plc:
SRT develops, manufactures and supplies maritime vessel tracking
technology and turn-key system solutions to marine stakeholders
across the globe with a particular expertise in AIS. The Company's
products and solutions are used by individual vessel owners, port
authorities, maritime infrastructure owners, coast guards and
national security agencies to enhance their maritime domain
awareness. Applications include the tracking of commercial and
leisure vessels; sustainable fishery; anti-collision; search and
rescue; waterway management, port and coast security; pollution
management; and environmental management.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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