REG - SRT Marine Systems - IUU Detection Agreement with Ecuador

SRT Marine SystemsAnnouncement

05/07/2018 07:05

RNS Number : 6545T
SRT Marine Systems PLC
05 July 2018
 


SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
 
SRT SIGNS IUU DETECTION AGREEMENT WITH ECUADOR 
SRT Marine Systems plc ('SRT'), a global provider of maritime management and surveillance systems and the leader in Automatic Identification System (AIS) transceiver technology and product solutions, announces that it has entered an agreement with the Government of Ecuador to supply an IUUF (Illegal, Unreported, Unlicensed, Fishing) detection system.
The agreement requires SRT to supply and install its GeoVS display and analytics system in Ecuador and a feed of customised satellite monitoring data over a three-year period for the specific purpose of detecting illegal fishing activities by foreign vessels in and around Ecuador EEZ. 
Simon Tucker, CEO of SRT Marine Systems, commented:
"We are delighted to have entered this initial Agreement with Ecuador. The advanced data fusion and analytics capabilities of our GeoVS system will enable our customer to quickly and accurately identify illegal fishing and other maritime activities and take appropriate action. The proven functionality and reliability, combined with the sophisticated analytics and future scalability of our systems were key factors in the customer's decision. We look forward to developing this relationship further in the future which may include expansion to include coverage of the local fishing fleet."  
For further information, please contact:






SRT Marine Systems plc


www.srt-marine.com 
+ 44 (0) 1761 409500
 




Simon Tucker (CEO)


simon.tucker@srt-marine.com




Louise Coates (Marketing Manager)


louise.coates@srt-marine.com
 




finnCap Ltd


 




Jonny Franklin-Adams / Anthony Adams (Corporate Finance)


+44 (0) 20 7220 0500




Tim Redfern / Richard Chambers (Corporate Broking)


 




 


 


 



 
 
 
 



About SRT Marine Systems plc:
SRT develops, manufactures and supplies maritime vessel tracking technology and turn-key system solutions to marine stakeholders across the globe with a particular expertise in AIS. 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.
 
 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
AGRDGGDRBXGBGIS