Srt Marine Systems Share Discussion Threads

[lazyj] 10/9/2016 09:43

An excellent quote.

“SAT-Trak technology has enabled me to fit our fishing fleet with Identifier AIS transceivers and track them across our entire EEZ at an affordable cost.”

But it was ABSEA until yesterday. How can anyone have said that?

Exciting times with much potential - even if a little confusing at the moment.

[the prophet] 10/9/2016 09:22

here's the web-site



This is , imo, clearly a SRT web-site

I see every reason why, revenue wise, this should be better for SRT than ABSEA, as SRT are in control and it's just a question of which satellite provider they use. This looks like another astute move by Mr Tucker.

[kalkanite] 10/9/2016 09:02

SAT Trak looks like old-ish technology. There is a fishing fleet tracking article on the link I provided above dated 21/05/2014 this leads to a link that discusses SAT Trak.

So unless I have it wrong, this appears to be nothing new, which begs the question of how good it is if ABSEA has super ceded this?

[lavalmy] 10/9/2016 05:02

The whole ABSEA thing seems to have disappeared without ever having been sold, despite the hype. The link now goes to this new SAT-Trak thing.

I really don't know how this is expected to pan out revenue wise, recurring or not.

[kalkanite] 10/9/2016 01:59

Good find YY

There is a little more info on the SRT website here...



This really will enhance the overall MDM system offering but may reduce/lose the opportunity for recurring revenues that were hoped for with the exact earth offering.

The most important thing for now however is the agreement and implementation of the major projects in the VSP pipeline, this in itself will develop further opportunities.

[the prophet] 10/9/2016 00:25

V.interesting, what I (and others) were saying, namely that SRT had something up their sleeves beyond ABSEA.
No wonder they tore up the EE agreement!

[yumyum] 09/9/2016 23:13

Tasty Indian in the wings?

[yumyum] 09/9/2016 23:12

09/09/2016 7:11pm

Business Wire

SRT Marine Sys (LSE:SRT)

Today : Friday 9 September 2016

SRT Marine Systems plc, the world leader in AIS technologies, products and systems announces the launch of SAT-Trak technology which significantly enhances the tracking of vessels with AIS transceivers by AIS satellite systems (S-AIS).

This Smart News Release features multimedia. View the full release here:

SAT-Trak is a next generation technology which resides solely in the AIS transceiver and enables satellites to receive a much higher percentage of their transmissions than normal. The technology is the second iteration of S-AIS enhancement technology and draws on SRT’s unique accumulated knowledge of radio communication core technology, AIS and the practical implementation of AIS based tracking systems for VTS, VMS and maritime safety and security.

SAT-Trak technology can be deployed on all AIS Transceiver types (Class A, Class B, Identifier, SART and AtoN) and configured and optimised for any AIS satellite system.

Simon Tucker, SRT CEO said: “Satellite AIS enables extended range tracking of vessels fitted with AIS transceivers, but they typically receive a very low percentage of the transmissions. For over 25 years SRT has been at the leading edge of advanced radio communications technology development and this experience and expertise is reflected in the superior field performance of our products. SAT-Trak technology is yet another innovation that will benefit our customers in applications such as fishing boat monitoring (VMS) providing significantly increased long range vessel tracking capability using AIS.”

View source version on businesswire.com:

[2vdm] 09/9/2016 09:58

The big buyers have moved in this a.m. with 178 and 180 shares respectively!?

[yumyum] 08/9/2016 10:23

Thank you Trident. Interesting. This really is a huge and quickly growing market. SRT is the leader. Will be interesting to see how sales are actually developing.

hjb1....yes, my strawberry jam tinted spectacles.

[lazyj] 08/9/2016 09:38

0935. MM's set up nicely. A 6% spread.
Will take their charge from those who "smell something in the wind".
Will equally take their cut from those who "fear dire H1 results".
Nice work if you can get it!!

[cliffpeat] 08/9/2016 09:26

Posts 3434 and 3441 show some of the lower profile collaboration and technology exploitation of the SRT product base.

SRT's solar powered transceiver and the incorporation of "The SRT Chronos Aid to Navigation (AtoN) AIS" in Triaxys wave buoy

Worth reading IMO

[eagle eye] 08/9/2016 08:44

buck581,
Not so sure the Saudi deal is 'obviously as dead as a doornail'.
I asked at the AGM about how delays can occur re project timing. An example was given where one project was waiting for final sign off and was pulled due to the numbers being too small in relation to the total boat park. Instead of getting the ball rolling, the whole process went back to stage one.
No specific project was quoted, but it does show how projects become delayed.

[dieseltaylor] 08/9/2016 08:27

Interesting to think this feature will put pressure on other companies in booey market [buoys for the rest of us] to provide the same functionality.

2vdm - Not meant to be rude. BTW I am curious if you knew of the patent without me.

[fft] 08/9/2016 02:46

Saudi. We are always being told that it is a volatile part of the world and that it is essential for them to know what is in their waters and also that they can info share with Bahrein, UAE, Qater etc. yet.... apart from Bahrein there has been no news. I wonder if Saudi have had a better offer that we don't know about.

Even for Saudi,3 years is a enormous time. And when it comes to national defence issues they can move quickly on procurement. Nope. Something else has come up. maybe tied to a USA or UK defence contractor ? So small in the whole scheme of things that it wouldn't merit a news release ie. BAE has just signed a $4.4bn (billion) contract with Saudi. A MDM system would be a footnote on page 10 of any news release.

Just thinking....

[the prophet] 07/9/2016 23:52

Buck581I believe the Saudi deal is still very much on the cards and in the VSP.Time will tell!.....

[2vdm] 07/9/2016 23:50

dieseltaylor, I wasn't suggesting that I was the only TRT/SRT holder, but merely asking why you posted about TRT. Perhaps have I have missed the point that you were trying to make, but at least I'm not being discourteous.

[hjb1] 07/9/2016 23:49

Yum, in your dreams! lol. This could go to 30p just as easily if nothing comes in before the end of the month!!

[yumyum] 07/9/2016 23:06

We are going beyond £1.25. Just a question of timing. I think this year rather than next. Look at ST's share options target. One decent contract and we go to £1. I think the risk/reward is excellent. Bank pays you effectively nothing.

[buck581] 07/9/2016 21:33

"three years since the Saudi deal was 'imminent', so these things can take a while to roll in."
You can't be serious Prophet. The deal is obviously as dead as a doornail.

[trident5] 07/9/2016 21:30

Two articles, apologies if already posted:

On solar power class Bs:

and AtoNs in Canada:

[dieseltaylor] 07/9/2016 18:01

2vdm - You are not the only TRT holder who also invests in SRT. The message is for them, and anyone else who things my post may be interesting. I hope I have put enough caveats around it to avoid it being seen as pump and dump.

[the prophet] 07/9/2016 16:22

At these levels it comes down to ones assessment of the risk/reward on offer.
My view is the current market cap is based on the Indonesian contract and a certain amount in there for the pipeline/IP/core business etc.

I would agree 100% with LaV in that one or two more of these contracts coming in will improve the outlook immensely. The other side of the coin is if we don't get anymore for a while and if there was to be any snags or delays with Indonesia then we could be in trouble. I'm not saying there will be any problems with Indonesia, but there again most of these larger projects have had some sort of problem/hitch. In Mexico's case it stopped completely after the first 19,000 were rolled out over an extended period. I think SRT learnt a lot from that experience, but there again they ain't in charge of the Indonesian deal.

Re other contracts, must be, what, three years since the Saudi deal was 'imminent', so these things can take a while to roll in.

The SRT management were all very confident at the AGM and certainly the share price is indicating their confidence is well-placed.
All the same, I don't fancy buying at these levels due to my view on the current risk/reward, but perhaps fortune favours the brave!
It's all going to be very interesting to see what happens.

[2vdm] 07/9/2016 16:19

dieselt, I am also in TRT, but what point are you trying to make on this thread or are you just punting TRT?

[dieseltaylor] 07/9/2016 16:07

For those who know of my long-term support for TRT you might find my post interesting


UK brain power looks to score some more. BTW the link idea seems duff so just go to the TRT bulletin board.