Business
Strategic agreement signed with Indian customer
Strategic agreement signed with Indian customer.
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 Strategic agreement signed with Indian customer \n\nSoftware Radio Technology is pleased to announce that it has entered a\nstrategic partnership agreement with Elcom Marine Services Pvt. Ltd (\"Elcom\")\nof India.\n\nThe agreement is a partnership between Elcom and SRT to target the Indian\nmarket with SRT's range of vessel mounted AIS transceivers.\n\nFollowing the terrorist attack in November 2008 when gunmen arrived in Mumbai\nin a hijacked fishing boat, the Indian authorities have commenced the\nimplementation of a nationwide coastal security programme, which includes the\nfitting of all vessels with a tracking device monitored from a shore based\nnetwork. This programme will require up to an estimated 300,000 vessels to be\nfitted.\n\nSimon Tucker, CEO of SRT, said, \"Elcom has a contract with the Indian\ngovernment to install the national AIS coastal monitoring network which is\nexpected to be completed in 2012, providing total AIS monitoring along the\nentire coast line of India. Their deep knowledge and understanding of both AIS\nand the local market and authorities make Elcom an ideal local partner for SRT,\nwhilst our wide range of AIS solutions makes SRT an ideal partner for Elcom.\nThis agreement provides a clear framework of terms and conditions under which\nwe will jointly co-operate to secure the available business in India in the\ncoming months and years. I believe that this is an important strategic\nagreement for us both given the size of the market opportunity.\"\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":3499,"tagName":"div"}]