REG - SRT Marine Systems - £5m System Support Contract

SRT Marine SystemsAnnouncement

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RNS Number : 5040D  SRT Marine Systems PLC  08 May 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS
DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF
MAR.

 

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

 

£5m System Support Contract

 

SRT Marine Systems plc ("SRT"), a global provider of intelligent maritime
surveillance and safety systems, is pleased to announce that it has signed a
£5 million one-year support contract for an existing SRT-MDA deployment with
a long-standing sovereign customer. This support contract runs from 1 January
2026 to 31 December 2026 and covers technical support and data services to
maintain and support the customer's operational SRT-MDA system.

 

This is the second annual support contract and is larger than the first due to
the customer's growing use of the system. Such recurring annual support
contracts are expected to grow in value as the customer expands its SRT-MDA
system with future system expansion contracts.

 

Simon Tucker, CEO of SRT, said:

"This is an important long term sovereign partnership with significant future
system growth ambitions. This further system support contract, which provides
a blend of services for our existing system, is a strong example of our long
term, multi revenue stream business model delivering value for both SRT and
the customer, who relies daily on a state of the art digital maritime
surveillance system."

 

 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)
 Kevin Finn (Chairman)                                                  kevin.finn@srt-marine.com (mailto:kevin.finn@srt-marine.com)
 Nora Alakshan (Corporate Communications Manager)                       nora.alakshan@srt-marine.com
 Cavendish Capital Markets Limited (NOMAD & Broker)
 Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance)  +44 (0) 20 7220 0500
 Sunila de Silva (Corporate Broking)
 Boscobel & Partners (Media Contact)
 George Trefgarne / Tabitha Owers                                       SRTMarine@boscobelandpartners.com (mailto:SRTMarine@boscobelandpartners.com)

                                                                        +44 (0) 20 3642 1310

 

About SRT Marine Systems plc:

SRT Marine Systems PLC ("SRT") is a global provider of civil defence maritime
intelligence and surveillance systems, as well as navigation safety and
efficiency solutions. Our systems provide MDA intelligence that enables
sovereign agencies such as coast guards and fisheries authorities to adopt a
new nationwide intelligence-led operations doctrine that is highly effective
and efficient for maritime safety and security. Our navigation safety systems
enable vessel operators to navigate digitally more safely and efficiently. Our
customers range from government agencies, such as coast guards, fisheries
authorities, and ports and waterways authorities, to commercial and leisure
vessel owners.

 

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