SRT Marine Technology in the News

1st July 2010 - Techinvest

Software Radio Technology 21p

For the year ended March 31, the company enjoyed accelerating top line growth as long planned mandates were activated, each of which last a period of years.

Revenue rose 41% on 2009 to £3.56m and losses after tax from continuing operations were £0.22m, narrowing from £1.13m. Loss per share improved to 0.2p (2009: loss 1.2p).

Software Radio expects further growth in the coming year and points to mandates affecting up to 500,000 vessels in Korea, India and Turkey, US and EU that are either underway or pending. At April 1 the forward order book stood at $4m.

Separately, the Company announced a $0.48m follow-on AIS Class A order from an existing customer and a TETRA licence agreement Switzerland based Swiss Space Sensors Technology.

With global demand for AIS products ramping up, Software Radio Technology is excellentlu placed to benefit. Add.