Change of Adviser

RNS Number : 2901S

SRT Marine Systems PLC

20 December 2016

 

SRT MARINE SYSTEMS PLC

("SRT" or the "Company")

Change of Adviser

SRT, the AIM quoted provider of maritime domain awareness technologies, products and solutions, is pleased to announce that it has appointed finnCap Ltd as its Nominated Adviser and Broker with immediate effect.

Contacts
SRT Simon Tucker, CEO Louise Coates, Marketing Manager	[phone] [e-mail] [e-mail]
finnCap Ltd Corporate finance - Jonny Franklin-Adams, Simon Hicks, Anthony Adams Corporate broking - Emily Morris	[phone]

Notes to Editors

SRT develops, manufactures and supplies maritime tracking technology and turn-key system solutions to marine stakeholders across the globe. 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.

In the early 2006, SRT was the first company to develop a low cost technology platform supporting the International Maritime Organisation (IMO) adopted data communications technology, AIS (Automatic Identification System). This technology transmits vessel type, current co-ordinates, course and speed, and the vessel's unique identifier, in real time - air traffic control for boats. As a result of a global IMO sponsored mandate for the use of AIS, today AIS is being adopted and implemented worldwide in marine market as the next generation of radar. SRT's systems are entirely developed in the UK with 95% of revenues derived from exports.

With circa 26 million vessels operational globally and a growing demand from national authorities enforcing vessels operating in their waters to fit AIS as standard, SRT,  the leading global provider of AIS technology, is at the forefront of a rapidly developing and evolving multi-billion dollar maritime market. 

www.softwarerad.com

 

END

 

 

APPDKLFFQLFLFBK