Business
TETRA Exclusivity Agreement
TETRA Exclusivity Agreement.
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n \n SOFTWARE RADIO TECHNOLOGY PLC \n\n TETRA EXCLUSIVITY AGREEMENT FOR SOUTH KOREA \n\nThe Directors of Software Radio Technology plc (\"SRT\" or the \"Company\") are\npleased to announce that SRT has signed an exclusivity agreement with its\nexisting customers, Unimo Technology Co. Ltd (\"Unimo\") and Mercury Corporation\n(\"Mercury\"), for the supply for SRT's TETRA handset technology to South Korea.\n\nSRT signed a licence agreement with Unimo and Mercury for the development of a\nTETRA handset in July 2005. Under the exclusivity agreement, Unimo and Mercury\nwill pay SRT an additional fixed fee, payable over the next 18 months, plus an\nexclusivity premium on the per handset royalty in respect of sales made in the\nKorean market.\n\nSimon Tucker, SRT's Commercial Director said: \"We believe this agreement\nprovides benefits for both sides. As an existing supplier of professional\nmobile radio products to the Korean authorities, Unimo and Mercury were already\nwell placed to be a significant player in the TETRA market. This agreement\nimproves their position further with the expectation that they will gain a\ngreater share of the substantial Korean market, generating more royalties for\nSRT at an improved rate.\"\n\nSoftware Radio Technology plc 01761 409500\n \nSimon Tucker [email protected]\n \nShamus Kelly [email protected]\n \nWesthouse Securities LLP 0161 838 9140\n \nTim Feather [email protected]\n\nAbout Software Radio Technology\n\nSRT is a developer and licensor of digital wireless technology reference\ndesigns that facilitate and fast-track the manufacture of sophisticated digital\ncommunications and tracking/surveillance products for use within the\nprofessional homeland security market.\n\nSRT currently licenses technology solutions for TETRA handsets (communication\ndevices used by professional users such as police & military) and automatic\nidentification systems (AIS) for ships and boats.\n\nAbout Unimo and Mercury\n\nFounded in South Korea over 20 years ago, Unimo now employs approximately 200\npeople and has annual turnover of approximately US$30 million. In partnership\nwith Mercury (formerly Daewoo Communications), a large Korean group which\nmanufactures fibre optic cable, Unimo is developing a TETRA handset using SRT's\nreference design.\n ","length":2863,"tag...