REG - SRT Marine Systems - £40 million SRT-MDA System Project Contract Signed

SRT Marine SystemsAnnouncement

26/01/2022 07:05

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RNS Number : 6130Z  SRT Marine Systems PLC  26 January 2022

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

 

£40 million SRT-MDA System Project Contract Signed

SRT Marine Systems plc ('SRT'), a global provider of next generation
integrated maritime domain and coastal surveillance and monitoring systems for
national coast guards and fishery authorities is pleased to announce that
further to the announcement of receipt of notice of award on Thursday 6(th)
January 2022, that on Tuesday 25(th) January 2022, the Company signed the
formal contract with its customer, thereby officially commencing the delivery
of the first phase of the project.

Simon Tucker, CEO of SRT Marine Systems, commented:

"I am very pleased to be announcing the signing and commencement of the first
phase of this £40m SRT-MDA System project. Our project delivery team and
in-country partner are well prepared and implementation will therefore
commence immediately. This is an important new customer for SRT and we expect
that further contracts will follow as they build up their national maritime
surveillance capabilities 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 (http://www.srt-marine.com)

                                                          + 44 (0) 1761 409500
 Simon Tucker (CEO)                                       simon.tucker@srt-marine.com (mailto:simon.tucker@srt-marine.com)
 Louise Coates (Marketing Manager)                        louise.coates@srt-marine.com (mailto:louise.coates@srt-marine.com)

 finnCap Ltd (NOMAD & Broker)
 Jonny Franklin-Adams / Teddy Whiley (Corporate Finance)  +44 (0) 20 7220 0500
 Tim Redfern / Charlotte Sutcliffe (ECM)

 

About SRT Marine Systems plc:

SRT Marine Systems PLC is a global company which develops and provides
integratedmaritime surveillance, monitoring, management and safety systems
used by coast guards, fishery authorities, infrastructure and vessel owners
for the purposes of managing and controlling their maritime domain.
Applications include security, safety, search & rescue, law enforcement,
fisheries management, illegal fishing detection and environment monitoring.

 

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