SRT Marine Systems PLC Vessel Tracking Order Received for Saudi Arabia (5066M)
October 14 2016 - 1:00AM
UK Regulatory
TIDMSRT
RNS Number : 5066M
SRT Marine Systems PLC
14 October 2016
SRT MARINE SYSTEMS PLC
("SRT" or the "Company")
Vessel Tracking Order Received For Saudi Arabia
SRT, the AIM quoted provider of maritime domain awareness
technologies, products and solutions, is pleased to announce that
it has received an initial order and first payment for the supply
of AIS vessel monitoring transceivers for deployment in Saudi
Arabia. The order will be s hipped during the current financial
year.
The order is part of a national initiative which is expected to
see up to 70,000 locally registered boats continuously monitored to
enhance maritime security, safety and management.
Simon Tucker, CEO of SRT, said: "After a four year period of
extensive consultations, technology and product evaluation, this
small initial order is an important milestone and marks the start
of the rollout. We look forward to working with our partners in the
future on this national initiative."
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Contacts:
SRT Marine Systems plc www.softwarerad.com
+ 44 (0) 1761 409 500
Simon Tucker (CEO) simon.tucker@softwarerad.com
Louise Coates (Marketing media@softwarerad.com
Manager)
WH Ireland Limited www.whirelandplc.com
Tim Feather
Ed Allsopp +44 (0) 113 394 6600
About SRT Marine Systems plc
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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