Simon Tucker rides a wave at Software Radio Technology

Wednesday, Jun 29 2011 by
Simon Tucker rides a wave at Software Radio Technology

Striding down a London street towards his next meeting with institutional investors, Simon Tucker regales a time when, as a newly-quoted AIM company, the strategy behind Software Radio Technology (LON:SRT) was literally laughed out of the board room. “For the first three years a lot of people thought it was a waste of time, a complete joke,” he says. The problem was that the Bath-based radio communications company was embarking on developing a low-cost product for a market need that no-one was really sure even existed. Nevertheless, after five years spent working on product and sales development Tucker’s team have just delivered a maiden post-tax profit and City analysts and investors are starting to pay attention. However, there is no let up in SRT’s ruthless focus on R&D and Tucker is keen to capitalise on what is emerging as a huge opportunity as well as look for potentially lucrative additional projects further afield.

SRT’s advanced radio communications technologies are designed for use in the homeland security and safety markets. Its major focus is in the maritime sector where governments around the world are increasingly moving towards the issue of country-wide mandates for standardised communications networks. These mandates oblige vessel owners to install communications equipment based on what is known as AIS, or Automatic Identification System which, among other things, tracks the vessel’s position in real time. It is SRT’s technology that frequently powers that equipment, earning it a market share of around 90 percent. The company distributes its products in three ways, either by licensing the IP, selling the modules or “engines” of the technology for customers to fit into their own plastic boxes or simply supplying white-label finished products for customers to badge as their own.

SRT's AIS Class A deviceWorldwide there are believed to be mandates in effect that require approximately one million vessels to be fitted with an AIS device within the next four years and more mandates expected in the future. Last year the company added the Class A AIS device to its range in order to capture market share in areas where regulatory requirements demand even tighter standards than those covered by its existing Class B product. This year the entire range has been refreshed and SRT is now looking at ways to use the technology in new…

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SRT Marine Systems plc, formerly Software Radio Technology plc, is engaged in the marine technology business. The Company's principal activity includes development and supply of automatic identification system (AIS)-based maritime domain awareness technologies, and derivative product and system solutions for use in a range of maritime applications from safety and security to fishery management and environment protection. AIS is a mesh network radio communications system technology specifically designed for the marine domain, and it uses a combination of global positioning system (GPS) and high frequency radio to enable real time, simultaneous data communication between multiple, independent entities providing information, such as identity, GPS position, speed and other customized data. It offers a range of AIS products and maritime domain monitoring system solutions, which also fuse other maritime sensor technologies, such as radar, closed-circuit television and communications. more »

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3 Comments on this Article show/hide all

alfilec 2nd Jul '11 1 of 3

Very impressed as with other Simon Tucker webcasts etc. Invested early last year for the long term
seriously looking at significant increase shortly.

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UrbanYeti 5th Aug '11 2 of 3

Would recomend taking another look now, very good news relating to partner in India with prospective 300,000 units. Shareprice has gained 13% today but that only gets half its losses back for the week as it got sold off with the market. IMO there is considerable upside to come & 40p should be achieveable this year.

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richard tully 8th Aug '11 3 of 3

I have taken a passive interest in SRT since reading a favourable Sunday Mail article in March this year. When I saw the share price of 31p on Thursday morning, 4th August, I thought it was an opportune moment to enter the water - so to speak! I did not expect such a "tsunami" in the downturn of the shareprice in the following hours!! However I was extremely bouyed by the Indian partnership announcement the following day and the subsequent recovery of my holding. It was certainly not insider trading but a piece of fortune favouring the bold. Get on board!!

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