Business
Receipt of Royalties
Receipt of Royalties.
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n \n SOFTWARE RADIO TECHNOLOGY PLC \n\n (\"SRT\" or the \"Company\") \n\n Receipt of Royalties \n\nSRT is pleased to announce the receipt of US$525,000 in respect of AIS\ntechnology licence royalties. The payment has been received from a long\nstanding customer for the licence of SRT's first generation AIS technology.\n\nThe full amount of the payment will be recognised as profit during the first\nhalf of the financial year.\n\nSimon Tucker, CEO of SRT, said: \"Our technologies and global customer network\ncontinue to generate unanticipated opportunities and revenues. This is one such\ncase\".\n\n -ends- \n\nEnquiries: \n \nSoftware Radio Technology plc +44 (0)1761 409500\n \nSimon Tucker [email protected]\n \nChief Executive Officer \n \nWesthouse Securities Limited +44 (0)20 7601 6100\n \nTim Feather \n \nMatthew Johnson \n \nLeander PR +44 (0)7795 168 157\n \nChristian Taylor-Wilkinson \n\nAbout SRT:\n\nSoftware Radio Technology plc, develops advanced radio communications\ntechnologies which are used to create enabling modules and OEM products. SRT\nMarine Technology Limited focuses on VHF and AIS technologies for use in\nnavigation and homeland security identification and tracking applications. SRT\nMarine Technology provides its solutions in a variety of module and OEM product\nformats.\n ","length":2561,"tagName":"div"}]