Business
AIS Order
AIS Order.
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n \n SOFTWARE RADIO TECHNOLOGY PLC \n\n Chinese order for US$0.5m received for AIS Class B Transponders \n\nThe Directors of Software Radio Technology plc (\"SRT\" or the \"Company\") are\npleased to announce that SRT Marine Technology Limited (\"SRT Marine\") has\nreceived an order for over US$0.5m from Chinese Company Tianjin Broadcasting\nand Communications Co. Ltd. (\"TCB\") for the purchase of 2,500 Class B AIS\nTransponders.\n\nTCB are a major supplier of telecommunications equipment into the professional\nand commercial markets within China. TCB have built a significant capability in\nAIS and have a number of significant opportunities within the Chinese market\nwhich has more than 200,000 vessels with a potential requirement for AIS\ntechnology.\n\nThe Chinese authorities have already rolled out a complete AIS network along\ntheir coast line and are now looking to install a similar network on their\ninland waterways.\n\nNeil Peniket, Managing Director of SRT Marine, said, \"TCB are a very important\npartner for us in AIS. We expect that their presence and capability in the\nChinese market will yield significant business for us both given the size of\nthe opportunity.\"\n\nMr. Ma Yan, Deputy General Manager of TCB said, \"SRT's world leading technology\nin terms of cost and performance provides us with the best possible product to\ncapture the market in China.\"\n\nEnquiries: \n \nSoftware Radio Technology plc 01761 409500\n \nSimon Tucker \n \nGroup Managing Director \n \nHanson Westhouse Limited 0113 246 2610\n \nTim Feather \n \nCityRoad Communications 07947 186694\n \nPaul Quade \n\nAbout SRT:\n\nFounded in 1987 and quoted on AIM in 2005, SRT focuses on the development of\nturnkey technology product solutions for homeland security applications. SRT's\ntechnologies are used by manufacturers to fast track and de-risk the\ndevelopment of their own products. SRT has focused on the areas of professional\nvoice and data radio communications such as TETRA and maritime identification\nand tracking systems, such as AIS: both of which are global standards. The\nCompany has a worldwide customer base with a business model based on customers\npaying royalties on each product manufactured.\n\nAbout TCB\n\nTianjin 712 Communication and Broadcasting Co. Ltd (TCB), founded in 1936, is\none of China's first large-scale, electronics ent...