SRT Marine Systems PLC SRT signs MDM contract (9505A)
March 30 2017 - 2:01AM
UK Regulatory
TIDMSRT
RNS Number : 9505A
SRT Marine Systems PLC
30 March 2017
SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
SRT signs MDM contract
SRT Marine Systems plc is pleased to announce that it has
entered into a contract to deliver a national MDM system for a
Middle East country.
The system will enable continuous real time identification,
tracking and monitoring of many thousands of leisure and commercial
vessels operating in their territorial waters and EEZ using SRT's
AIS vessel transceivers and maritime monitoring systems.
The system is expected to be completed within two years.
Simon Tucker, SRT CEO said, "This marks the conversion of
another of our validated sales opportunity pipeline prospects into
a signed contract. This is due to SRT's ability to deliver turn-key
maritime domain awareness system solutions with proven performance
and unique functionality. This MDM system will provide multiple end
customer marine stakeholders with a range of functionality such as
dual 2D and Dynamic-3D real time visualisation, advanced data
analytics with automated vessel activity alerts, and vessel
licensing and management functions that will enable them to
significantly enhance maritime security, management and
safety."
ENDS
Contacts:
SRT Marine Systems plc www.srt-marine.com
+ 44 (0) 1761
409500
Simon Tucker (CEO) simon.tucker@srt-marine.com
Louise Coates (Marketing Manager) louise.coates@srt-marine.com
finnCap Ltd
Jonny Franklin-Adams / Simon +44 (0) 20 7220
Hicks (Corporate Finance) 0500
Emily Morris / Camille Gochez
(Corporate Broking)
About SRT Marine Systems plc:
SRT develops, manufactures and supplies maritime tracking
technology and turn-key system solutions to marine stakeholders
across the globe with a particular expertise in AIS. The Company's
products and solutions are used by individual vessel owners, port
authorities, maritime infrastructure owners, coast guards and
national security agencies to enhance their maritime domain
awareness. Applications include the tracking of commercial and
leisure vessels; sustainable fishery; anti-collision; search and
rescue; waterway management, port and coast security; pollution
management; and environmental management.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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