Software Radio Technologies leads way online in UK smaller company investor relations

Saturday, Jan 29 2011 by
7
Software Radio Technologies leads way online in UK smaller company investor relations

In a welcome display of openness and a recognition of the need for broad shareholder communications, Alternative Investment Market-listed marine communications specialist Software Radio Technology (LON:SRT) hosted a live 38 minute webcast for its shareholders on Friday, providing helpful insight and transparency on its business and its future plans. 

SRT's CEO, SImon Tucker, talked through a set of presentation slides which had been prepared in response to those questions submitted by investors earlier in the week.

Software Radio Technology develops advanced radio communications technologies which are used to create enabling modules and OEM products. SRT Marine Technology Limited focuses on VHF and AIS technologies for use in navigation and homeland security identification and tracking applications. With several hundred investors, the company decided that a webcast would be an effective and efficient way to address ongoing shareholder queries. Simon Tucker observed:

"Most AIM companies usually only meet their shareholders at events like the AGM, but in fast moving markets, we feel that once or twice a year is not enough. SRT has always tried to communicate clearly with its very loyal shareholder base, and this webcast takes that to the next level; allowing shareholders the chance to ask questions on any topic they feel pertinent to the future of the Company. 

Understandably, as with any such exercise in openness, there were some caveats given potential concerns about price-sensitive disclosure and SRT set out the following rules of engagement:

Answers may sometimes appear to be vague due to SRT’s confidentiality commitments to customers and commercial sensitivities critical to our day to day business. Due to the very large number of questions submitted some may not be specifically answered but covered as part of a general topic. SRT is required to operate within the AIM regulations in regards to disclosures and this may limit the extent of some answer

Live investor webcasts are far more commonplace in the United States where the introduction of Regulation Fair Disclosure in 2000 has spurred widespread adoption of the Web as a dissemination tool, lncluding growing use of social media. Indeed, Google has indicated that it will use its website as the primary tool for disseminating information to investors. UK companies in general, and smaller AIM-listed companies in particular, have been slow to use their website as…

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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 »

LSE Price
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2 Comments on this Article show/hide all

Monty9 29th Jan '11 1 of 2

I think the header may be a bit out of date, the TETRA project has effectively been bagged and sold off. The marine side has been going gangbusters though. I bought some in March 2010 at about 15p. Since then the newsflow has been constantly good, culminating in yesterdays broadcast. The market cap it still small and it feels like it has a long way to go.  Its edge is superior technology in its niche but growing market so there is a good possibility of a takeover also.

 

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noellakin 5th Feb '11 2 of 2

Very impressive and honest presentation

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