SRT Marine Systems PLC AIS OEM Partnership (0684T)

TIDMSRT

RNS Number : 0684T

SRT Marine Systems PLC

02 July 2018

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

SRT & JRC SIGN AIS OEM PARTNERSHIP AGREEMENT

SRT Marine Systems plc ('SRT'), a global provider of maritime management and surveillance systems and the leader in Automatic Identification System (AIS) transceiver technology and product solutions, announces that it has entered an OEM partnership agreement with Japan Radio Corporation ('JRC') of Japan. Under the agreement, SRT shall supply JRC will AIS product solutions customised and branded to JRC requirements.

Simon Tucker, CEO of SRT Marine Systems, commented:

"We are delighted to have entered this long-term partnership with one of the world's leading commercial marine electronics companies famous for providing products of the highest quality and performance standards to the global commercial vessel market. This agreement was entered into following a long evaluation of our core technology performance and product quality which proved our significantly differentiated offer in the growing AIS market segment. We look forward to working closely with our new OEM partner to help them develop their AIS transceiver product segment in the years to come."

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 
 For further information, please contact: 
 SRT Marine Systems plc                                        www.srt-marine.com 
                                                             + 44 (0) 1761 409500 
 Simon Tucker (CEO)                                  [e-mail] 
 Louise Coates (Marketing Manager)                   [e-mail] 
 finnCap Ltd 
 Jonny Franklin-Adams / Anthony Adams (Corporate 
 Finance)                                                    [phone] 
 Tim Redfern / Richard Chambers (ECM) 
 
 
 

About SRT Marine Systems plc:

SRT develops, manufactures and supplies maritime vessel 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.

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July 02, 2018 02:00 ET (06:00 GMT)