Software Radio Technology secures $1.1 million in AIS orders

(BATH, United Kingdom) — Software Radio Technology (SRT), a UK provider of marine tracking systems, says it has received firm orders for a range of AIS OEM products with a total value of $1.1 million. The orders will be processed and shipped during the current financial year, which ends on March 31, 2015.

"With the long-pending U.S. Coast Guard AIS rule — which will require a large number of commercial boats to install an AIS transceiver — now awaiting final publication, these orders were driven by customers wishing to ensure that they have some stock to meet initial demand,” says CEO Simon Tucker. "We look forward to this, and other pending mandates, coming into effect."

SRT makes advanced AIS products and technology solutions for use in leisure, commercial and homeland security identification and tracking applications. The company is listed on the London Stock Exchange’s Alternative Investment Market (AIM).

By Professional Mariner Staff