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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.
SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
£5m System Support Contract
SRT Marine Systems plc ("SRT"), a global provider of intelligent maritime surveillance and safety systems, is pleased to announce that it has signed a £5 million one-year support contract for an existing SRT-MDA deployment with a long-standing sovereign customer. This support contract runs from 1 January 2026 to 31 December 2026 and covers technical support and data services to maintain and support the customer's operational SRT-MDA system.
This is the second annual support contract and is larger than the first due to the customer's growing use of the system. Such recurring annual support contracts are expected to grow in value as the customer expands its SRT-MDA system with future system expansion contracts.
Simon Tucker, CEO of SRT, said:
"This is an important long term sovereign partnership with significant future system growth ambitions. This further system support contract, which provides a blend of services for our existing system, is a strong example of our long term, multi revenue stream business model delivering value for both SRT and the customer, who relies daily on a state of the art digital maritime surveillance system."
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For further information, please contact: |
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SRT Marine Systems plc |
+ 44 (0) 1761 409500 |
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Simon Tucker (CEO) |
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Kevin Finn (Chairman) |
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Nora Alakshan (Corporate Communications Manager) |
nora.alakshan@srt-marine.com |
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Cavendish Capital Markets Limited (NOMAD & Broker) |
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Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance) |
+44 (0) 20 7220 0500 |
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Sunila de Silva (Corporate Broking) |
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Boscobel & Partners (Media Contact) |
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George Trefgarne / Tabitha Owers |
SRTMarine@boscobelandpartners.com +44 (0) 20 3642 1310 |
About SRT Marine Systems plc:
SRT Marine Systems PLC ("SRT") is a global provider of civil defence maritime intelligence and surveillance systems, as well as navigation safety and efficiency solutions. Our systems provide MDA intelligence that enables sovereign agencies such as coast guards and fisheries authorities to adopt a new nationwide intelligence-led operations doctrine that is highly effective and efficient for maritime safety and security. Our navigation safety systems enable vessel operators to navigate digitally more safely and efficiently. Our customers range from government agencies, such as coast guards, fisheries authorities, and ports and waterways authorities, to commercial and leisure vessel owners.
