SOFTWARE RADIO TECHNOLOGY PLC
("SRT" or the "Company")
AIS Class B Distribution Agreement
The Directors of SRT are pleased to announce that the Company has signed an
agreement with True Heading AB of Sweden for the distribution of SRT's AIS
Class B product.
True Heading is based in Stockholm and is primarily targeting the 400,000
vessel Swedish market with a range of marine electronic equipment. The
directors of True Heading have many years' experience of the AIS market having
previously worked for Saab's marine division. True Heading is already working
with the Swedish authorities and believes that the market for AIS Class B in
Sweden and other Scandinavian countries will be considerable.
Under the distribution agreement, True Heading will purchase complete AIS Class
B transponders, which SRT is having manufactured on its behalf in China.
Simon Tucker, SRT's Commercial Director said: "SRT has known the management of
True Heading for many years and are delighted to be working with them as our
distributor. True Heading shares our view of the potential of the AIS market
and we are looking forward to building a long term partnership to secure a high
market share in Scandinavia."
Anders Bergstrom, True Heading's Managing Director said: "We have a huge amount
of experience in AIS and have watched the market evolve and grow over many
years. The addition of SRT's low cost AIS Class B product gives us the
capability to really open the Scandinavian AIS market."
Software Radio Technology plc 01761 409500
Simon Tucker simon.tucker@softwarerad.com
Shamus Kelly shamus.kelly@softwarerad.com
Westhouse Securities LLP 0161 838 9140
Tim Feather tim.feather@westhousesecurities.com
Tavistock Communications 020 7920 3166
Christian Taylor-Wilkinson ctaylor-wilkinson@tavistock.co.uk
About Software Radio Technology (www.softwarerad.com)
SRT is a developer and licensor of digital wireless technology reference
designs that facilitate and fast-track the manufacture of sophisticated digital
communications and tracking/surveillance products for use within the
professional homeland security market. Currently SRT develops and supplies
technology solutions for Marine AIS and PMR-TETRA.
About True Heading (www.trueheading.se)
Based in the Stockholm, Sweden, True Heading was formed by three former
employees of Saab's AIS division and expects to win a significant share of the
Swedish and Scandinavian AIS markets.