REG - SRT Marine Systems - New Distributor Agreement

SRT Marine SystemsAnnouncement

03/04/2023 07:00

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RNS Number : 9765U  SRT Marine Systems PLC  03 April 2023

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")

 

New Distributor Agreement

SRT Marine Systems plc ('SRT'), a global provider of maritime domain awareness
systems and technologies for security, safety and environmental protection is
pleased to advise that its em-trak Marine Electronics ('em-trak') transceivers
division has signed a distributor agreement with CWR Distribution in the USA.

The agreement is for the distribution of the full range of em-trak products to
include the current portfolio of AIS transceivers and the upcoming new NEXUS
VHF/AIS marine voice and data communication radio. CWR is a major USA
distributor of marine electronics with approximately 3,000 dealer accounts
across the country. The agreement will result in em-trak products being
actively promoted and available to all these dealers.

em-trak is the own brand of SRT under which the company markets and sells
commercial and leisure navigation safety transceivers directly to
distributors, dealers and end users.

Simon Tucker, CEO of SRT Marine Systems, commented:

"Last year our transceivers business grew by 58%. In the coming financial year
we have an aggressive plan to significantly expand distribution, coupled with
the launch of major new products taking us into new market segments, and this
agreement with CWR is a solid step forward on that strategy."

 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
 Louise Coates (Marketing Manager)                           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 an established leader in the growing global market
for maritime domain awareness. We provide advanced technologies, products and
systems that enhance maritime safety, security and environmental protection
and sustainability. Our customers range from governments to vessel owners
around the world.

 

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