RNS Number : 3328D
Software Radio Technology PLC
06 July 2016
SOFTWARE RADIO TECHNOLOGY PLC
("SRT" or the "Company")
Result of AGM and Change of Name
SRT, the global provider of maritime tracking and monitoring technologies and turn-key system solutions is pleased
to announce that at the AGM held yesterday, all resolutions were duly passed, including a resolution to approve a change of the
name of the Company to SRT Marine Systems plc.
The change of name will take effect on receipt of the change of name certificate from Companies House, which is
expected to be received today.
Dealings under the new name are expected to commence at 8.00 a.m. on 7 July 2016. The
existing TIDM of "SRT" will remain the same.
Notes to Editors
SRT develops, manufactures and supplies maritime tracking technology and turn-key system solutions to marine
stakeholders across the globe. 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.
In the early 2006, SRT was the first company to develop a low cost technology platform supporting the International
Maritime Organisation (IMO) adopted data communications technology, AIS (Automatic Identification System). This technology
transmits vessel type, current co-ordinates, course and speed, and the vessel's unique identifier, in real time - air traffic
control for boats. As a result of a global IMO sponsored mandate for the use of AIS, today AIS is being adopted and implemented
worldwide in marine market as the next generation of radar. SRT's systems are entirely developed in the UK with 95% of revenues
derived from exports.
With circa 26 million vessels operational globally and a growing demand from national authorities enforcing vessels
operating in their waters to fit AIS as standard, SRT, the leading global provider of AIS technology, is at the forefront
of a rapidly developing and evolving multi-billion dollar maritime market.
www.softwarerad.com
This information is provided by RNS
The company news service from the London Stock Exchange
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