SOFTWARE RADIO TECHNOLOGY PLC
Marine AIS Class B Distributor Agreements
The Directors of Software Radio Technology plc ("SRT") are pleased to announce
that SRT has signed three Marine AIS distributor agreements.
SRT's strategy in AIS is to be the provider of the industry standard technology
platform for all AIS products. Critical to this strategy is the signing of
local distributors who have established contacts with local buyers and
authorities and are therefore able to establish preferential access to these
markets.
SRT has signed distribution contracts with the following companies:
Sevenstar Electronics - a UK based company which will use SRT's technology to
create its own AIS Class B product. SRT will receive an initial fee of
US$50,000 plus ongoing royalties on each product sold.
CSI - a South Korean based company, which has already installed the national
Korean AIS network and is now seeking to supply the domestic Korean market, for
which AIS Class B is currently being mandated.
Atlas Communications - a UAE based company which specialises in the
installation and operation of communication networks in the Middle East. Atlas
will be seeking to incorporate AIS Class B into the AIS systems which are now
being supplied.
Simon Tucker, SRT's Commercial Director said: "AIS is becoming the coastal
surveillance system of choice for authorities and we are leveraging our clear
competitive advantage in the AIS market to cherry pick the best distributors
worldwide to ensure we maximise our share of the market. We are making
excellent progress towards achieving our strategic objectives."
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
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.