SRT Marine Technology in the News

6th September 2007 - SmallCapNews

SRT wins Chinese order for Class B Transponders

Software Radio Technology (SRT) today said its SRT Marine Technology division had secured an order for over US$0.5 million (£0.25 million) from Chinese company Tianjin Broadcasting and Communications (TCB) for the purchase of 2,500 Class B AIS Transponders.

TCB is a major supplier of telecommunications equipment into the professional and commercial markets within China. TCB have built a significant capability in AIS and have a number of significant opportunities within the Chinese market which has more than 200,000 vessels with a potential requirement for AIS technology.

The Chinese authorities have already rolled out a complete AIS network along their coast line and are now looking to install a similar network on their inland waterways.

Neil Peniket, managing director of SRT Marine, said: "TCB are a very important partner for us in AIS. We expect that their presence and capability in the Chinese market will yield significant business for us both given the size of the opportunity.”