SRT Marine Systems PLC IUU Detection Agreement with Ecuador (6545T)

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RNS Number : 6545T

SRT Marine Systems PLC

05 July 2018

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

SRT SIGNS IUU DETECTION AGREEMENT WITH ECUADOR

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 agreement with the Government of Ecuador to supply an IUUF (Illegal, Unreported, Unlicensed, Fishing) detection system.

The agreement requires SRT to supply and install its GeoVS display and analytics system in Ecuador and a feed of customised satellite monitoring data over a three-year period for the specific purpose of detecting illegal fishing activities by foreign vessels in and around Ecuador EEZ.

Simon Tucker, CEO of SRT Marine Systems, commented:

"We are delighted to have entered this initial Agreement with Ecuador. The advanced data fusion and analytics capabilities of our GeoVS system will enable our customer to quickly and accurately identify illegal fishing and other maritime activities and take appropriate action. The proven functionality and reliability, combined with the sophisticated analytics and future scalability of our systems were key factors in the customer's decision. We look forward to developing this relationship further in the future which may include expansion to include coverage of the local fishing fleet."

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 (Corporate 
  Broking) 
 
 
 

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 05, 2018 02:00 ET (06:00 GMT)