SRT Marine Systems plc (SRT) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. My name is Simon Tucker. I'm the CEO of SRT Marine Systems. Welcome to Webcast. So, as usual, some of you will be new and some are old hands at this. Perhaps a little bit fed up with them hearing from me all the time. There's a couple of rules that I like to follow. Number one is, obviously, I'm going to try and not make anybody inside and won't make anybody inside and cannot make anybody inside. And secondly, like it or not, we have obligations to customers who are also watching this webcast either live or at a later date and obviously don't want their maritime security plans and what have you aired in public for their neighbors and what have you. So we have to respect that confidentiality and be aware that it's not just shareholders and the like that are viewing this. So let's start with transceivers. So as you'll know, with our business, we have two divisions. We have a transceivers division and we have a systems division. And our transceivers division makes navigation safety transponders. When we talk about navigation safety, they enable boats to communicate with each other in real time, see where they are, identify each other, avoid collisions, autonomous navigation through infrastructure, avoiding infrastructure and the like. And also now we're moving into VHF radio, which is voice communication. And so that business, we produce a standard set of products. And they're sold through three different sales channels. We have our OEM sales channel. We have our MTRAC, which is our own brand sales channel. And we have DAS, which is digital aids to navigation, which is specifically around aids to navigation on ports and waterways. So transponders that will go onto bridges and buoys and the like. We produce a common set of products which are then...