SOFTWARE RADIO TECHNOLOGY PLC
("SRT" or the "Company")
Strategic AIS Agreement signed in South Korea
Software Radio Technology plc ("SRT" or the "Company") is pleased to announce
that it has signed a strategic distribution agreement with a company in South
Korea.
The customer is a well established marine electronics company which will now
market and sell SRT's range of OEM AIS products under its own brand in the
South Korean and other Asian markets.
Simon Tucker, SRT's CEO said: "South Korea has recently announced a forthcoming
mandate which may require up to 90,000 vessels to be fitted with an AIS
tracking device over the next few years. This market therefore offers
significant potential for SRT."
-ends-
Enquiries:
Software Radio Technology plc +44 (0)1761 409500
Simon Tucker simon.tucker@softwarerad.com
Group Managing Director
Westhouse Securities Limited +44 (0) 20 7601 6100
Tim Feather
Matthew Johnson
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 module and OEM product
formats.
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