Srt Marine Systems Share Discussion Threads

[hjb1] 24/1/2017 14:24

Blimey, with all that's supposedly going on with the company it's mighty quiet! ..suffering from webcast withdrawal methinks.lol.

[philburt] 19/1/2017 15:35

Thanks from me too Lav😊

[yumyum] 19/1/2017 15:33

Thank you LaValmy.

[lavalmy] 19/1/2017 14:17

Not much of interest from eE's webcast and very few questions asked.

The main thing wrt to SRT is that eE see the small vessel market as their second growth opportunity after data sales to commercial customers. Also, they make a specific link between the new constellation and the service capability of the small vessel offering. I take that as the detection rate/number of transmissions received. The whole constellation should be operational by end 2018. SRT are unlikely to have large numbers of Class B's actually installed on boats before the new, game-changing, constellation is operating - Mabson reckons that when half or so is up and running, new business will result from the almost real-time coverage.

[the prophet] 18/1/2017 17:20

seems a recent development




TRIAXYS Wave Buoy Now Available with AIS Aid to Navigation
August 30, 2016

AXYS Technologies (AXYS) is pleased to announce the addition of AIS vessel tracking to our signature wave buoy series, TRIAXYS. The SRT Chronos Aid to Navigation (AtoN) AIS is an IALA and IEC compliant device that broadcasts buoy position and weather information to local vessel traffic.

This new feature both protects the buoy from collision by notifying vessels of its whereabouts and can also act as an additional telemetry method, providing data within radio range.

“This is the first time that a wave buoy has been equipped with AIS and confirms our strategy of continuous improvement for the TRIAXYS family of buoys,” says Graham Howe, AXYS Director of Sales. “We are excited to bring this development to the market as this will not only give our clients greater protection against vessel damage but also give them another telemetry option.”

The TRIAXYS AIS implementation supports both message 21 data, which displays buoy information and position data on the AIS channel of passing vessels, and message 8 data transmission.

The TRIAXYS Buoy is a precision instrument incorporating advanced technologies that make it an easy to use and reliable buoy for accurate measurement of directional waves and ocean currents in real time. Economical and rugged, the TRIAXYS Buoy can withstand the rigours associated with deployment and recovery operations. The TRIAXYS is the only 1m wave buoy on the market that can support an industry standard ADCP for water column current speed and direction profiling.

AIS is available on all TRIAXYS family buoys from 1st September 2016.



For further information contact AXYS at [e-mail].

[the prophet] 18/1/2017 17:07

I think you are right, ae, well spotted! Think your eyes must be better than mine, had to blow it up to see that reasonably clearly.

[alter ego] 18/1/2017 16:59

well spotted goodapple. Indeed I think you are correct about SRT's involvement. If you look closely at this brochure picture, (the one in the sea) I think you'll see the SRT AToN sitting on the top platform amongst a forest of anti-bird "sticks".

[hjb1] 18/1/2017 13:50

they spent years and years of time and effort on the AIS rule debacle, and left it, just more and more talk I'm afraid.

[goodapple] 18/1/2017 13:50

"January 18, 2017

AXYS Technologies Inc (AXYS) is pleased to announce that a WatchKeeper meteorological and oceanographic data buoy has been recently deployed approximately 60km offshore along the Northern coast of Poland in the Baltic Sea. This buoy, procured by polish developer Baltic Trade and Invest (BTI), will be used as part of their upcoming Environmental Impact and Assessment campaign in the Baltic Sea. This campaign will form part of the Environmental application for the offshore wind farm development "FEW Baltic II".

The WatchKeeper buoy is equipped to provide wind speed and direction, air temperature, relative humidity, barometric pressure, solar radiation, directional waves, current speed and direction, conductivity, and water temperature in near real-time via satellite telemetry. The buoy also uses a new AIS Aid to Navigation device, which broadcasts buoy position and weather information to local vessel traffic. This both protects the buoy from collision by notifying vessels of its location, and can also act as an additional telemetry method providing data within radio range."


Presume this "new AtoN" is from SRT. I remember reading somewhere that AXYS are a customer.

[hjb1] 17/1/2017 23:27

ha ha ! they will enforce it just like enforced the rule for AIS...NOT!!

[crystball] 16/1/2017 14:37

Thanks for posting that!

[the prophet] 13/1/2017 17:23

the figures were also in the year end/AGM presentation document:



page 21

VSP £200m

order book £70m

[lavalmy] 13/1/2017 17:06

To be very specific, in the last annual report the order book of £70 million is distinct from the VSP, which itself is described as growing despite some $50 million migrating from that pot to the order book.

Having said all that, both the order book and the pipeline are pretty moveable feasts., both in terms of when they will happen and what will be served.

[the prophet] 13/1/2017 16:44

ee, I can confirm re once it's announced it's no longer in the VSP. The VSP is then a rolling indicator of the relatively near term potential. I say 'near term' as in SRT 'near term', not next week!
From memory, that question was asked and answered at the agm.

[eagle eye] 13/1/2017 16:40

The VSP at the AGM in July 2015 was circa £200m. It was much the same last summer despite the $100m Far East contract announced in March.
Once announced, I'm under the impression that it's no longer included in the VSP,
but perhaps someone can confirm.
Agree with TP above. SRT's management team are far more approachable than many AIM companies and I have experienced quite a few.

[the prophet] 13/1/2017 16:21

Hi fft

I think the lack of recent web-casts is purely a function of not wanting to do one until there is something real and tangible to talk about, other than product development,how busy they are, the numerous potentials etc, which, whilst very useful, is perhaps not what most investors want to hear about.

As for 'embarrass himself', I don't really understand that comment. Yes, ST has been guilty of being too optimistic in the past, as he himself readily admits. Last years forecast was met,I hope this years will be met, although I hear and understand the likes of LaV who say that is not vital. And there are no forecasts out there yet for 17/18.
Regarding the VSP, 50% of whatever over a three year period,the bottom line on that to me is to expect very significant increases in sales t/o 'soon', hopefully in 17/18.

ST is never one to shy away from anything, so I am 100% certain the lack of a web-cast is purely down to preferring to have one at a more opportune time.

Just a general point, I would much rather have a CE like ST who is very investor friendly and the whole team go out of their way to give investors as much info as is reasonably possible and make themselves available than some who never say anything so they can never get anything wrong.
FWIW, I think all is good here.

[lavalmy] 13/1/2017 16:02

Incidentally, the VSP of a year ago did include Indonesia, but at the lesser amount of $50 million.

With all the waffle about it being 50% certain that it would be done or certain that 50% would be done in a three year period, it does not matter. 200% of one part of the VSP will likely be done in the next two years. The rest, whilst subject to the whims and vagaries of politicians et al, as AE states, will mainly have advanced significantly.

[alter ego] 13/1/2017 15:42

fft, what possible evidence do you have for asserting the VSP "is not going to happen in the next 2 years.?

I'm as frustrated as the next man at the slow pace with which negotiations/project discussions appear to be taking but like everyone else here, I know nothing about what is actually happening.

It's pretty clear that a lot of preliminary work has been done however so it's not unreasonable to believe that we might see the fruits of that sooner rather than later.

If ST doesn't have anything new to say, I suspect because of confidentiality agreements, then why would he have a webcast?

[fft] 13/1/2017 14:28

The prophet,In the past ST did webcasts with bad news, good news or no news. Hints were liberally dropped.As a long term holder, I do find it odd that he has slowed down. While there is a big contract out there, it seems obvious that the 3 year vsp as of a year ago (which did not include the big contract) is not going to happen in the next 2 years. I suspect there is a limit as to how much he wants to embarrass himself.

[the prophet] 13/1/2017 09:55

There is no 'halt to webcasts'. But there is also no point having them for the sake of it. Let's face it, the product update type webcasts are all well and good but folks want the 'juicy bits', so makes sense to do a webcast of the back of significant news that could benefit from more detailed description together with investors questions on the subject.SRT are working through the Indonesian contract and others in play. I'm sure there will be a web cast in due course and I look forwards to that.

[dolores123] 12/1/2017 19:16

There is no concrete evidence that ST has called a halt to webcasts. In fact why have a webcast if you know that imminently good news will speak volumes. WE do not know if good news is imminent - we can only hope but:-

1) The company's recent RNS were very positive - more positive than ever!

2) "the big contract" is massive and totally exceptional for SRT

Personally I reckon the pot of jam was stuck to the Saudi "contract" which unfortunately came in as an initial order rather than a 20/30 million contract! Heyho!

So yet again the "timing differences" continue to delay SRT's potential growth.

A second contract for circa 20 to 30 million WILL cement SRT's position and that is what I am waiting for.

But the "big contract" is a godsend! An update in March/April would be useful.

[hjb1] 11/1/2017 13:31

wonder why ST has called a halt to the webcasts?