SOFTWARE RADIO TECHNOLOGY PLC
("SRT" or the "Company")
Receipt of Royalties
SRT is pleased to announce the receipt of US$525,000 in respect of AIS
technology licence royalties. The payment has been received from a long
standing customer for the licence of SRT's first generation AIS technology.
The full amount of the payment will be recognised as profit during the first
half of the financial year.
Simon Tucker, CEO of SRT, said: "Our technologies and global customer network
continue to generate unanticipated opportunities and revenues. This is one such
case".
-ends-
Enquiries:
Software Radio Technology plc +44 (0)1761 409500
Simon Tucker simon.tucker@softwarerad.com
Chief Executive Officer
Westhouse Securities Limited +44 (0)20 7601 6100
Tim Feather
Matthew Johnson
Leander PR +44 (0)7795 168 157
Christian Taylor-Wilkinson
About SRT:
Software Radio Technology plc, develops advanced radio communications
technologies which are used to create enabling modules and OEM products. SRT
Marine Technology Limited focuses on VHF and AIS technologies for use in
navigation and homeland security identification and tracking applications. SRT
Marine Technology provides its solutions in a variety of module and OEM product
formats.