Business
Transceiver Approvals Received and Shipping Com...
Transceiver Approvals Received and Shipping Com....
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 Class A Transceiver Approvals Received and Shipping Commenced \n\nSRT is pleased to announce that its new AIS Class A Transceiver has received\nall formal EU, US and Canadian certifications and the first units are now being\nshipped to customers.\n\nThe AIS Class A is designed for commercial and larger leisure vessels,\nincorporating many sophisticated features and functions not specified in the\nsimpler, lower cost Class B devices.\n\nAll transmitting AIS devices, such as Class A and Class B, are required to\nundergo extensive independent testing and certification to ensure full\ncompliance with the relevant AIS specifications as issued by the International\nMaritime Organisation. While a significant hurdle, the testing ensures that the\nproduct will operate reliably and in the correct manner. The complexity of the\nClass A product means that its development, testing and certification is a\nchallenging task, reflected in the fact that SRT commenced the process in 2008.\n\nThe granting of the necessary certifications has enabled SRT to commence the\nshipping of this new product line to customers with significant current open\norders. Production and deliveries will ramp up over the coming months in a\ncontrolled manner to ensure quality. The Class A product is sold at a\nconsiderably higher price than the Class B.\n\nSimon Tucker, CEO of SRT, said, \"The Class A development has been a long-term\nundertaking for SRT and I am delighted that we have delivered such an excellent\nproduct. The timing of these certifications and the commencement of deliveries\nto our waiting customers comes at a time when there are various market\nopportunities for this product around the world. For example, an EU mandate\nrequires approximately 15,000 vessels operating along Europe's inland waterways\nto fit an approved Class A device over the next 18 months, with a €2,100 per\nunit subsidy being provided to Dutch and German vessel owners by their\nrespective governments. We therefore look forward to this product generating\nstrong revenue growth for SRT in the coming financial year and beyond.\"\n\nSRT will announce its results for the year ended 31 March 2010 on 7 June 2010.\n\n -ends- \n\nEnquiries: \n \nSoftware Radio Technology plc +44 (0)1761 409500\nSimon Tucker simon.t...