REG - SRT Marine Systems - New System Contract – SE Asia Coast Guard

SRT Marine SystemsAnnouncement

09/11/2022 07:01

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RNS Number : 7382F  SRT Marine Systems PLC  09 November 2022

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

 

New System Contract - SE Asia Coast Guard

SRT Marine Systems plc ('SRT'), a global provider of next generation
integrated maritime domain and coastal surveillance and monitoring systems for
National Coast Guards and Fishery authorities is pleased to announce that it
has signed a contract with a new customer to provide a national Coast Guard in
SE Asia with an initial SRT-MDA System maritime monitoring system.

The contract is for the provision of a small system that will enable the Coast
Guard to co-ordinate several other national agencies when identifying and
scheduling vessel inspections for safety, law enforcement and security
purposes. The project is expected to be completed prior to March 2023.

The end customer is a significant national coast guard, and this contract is
the first step on their long-term strategy to build up a significant next
generation professional national integrated maritime surveillance and
intelligence system.

 Simon Tucker, CEO of SRT Marine Systems, commented:

"We are delighted to have signed this new contract and open another new
long-term market and customer for our maritime surveillance system solutions.
Whilst this first contract is small, it is strategically important for SRT
given their ambitious future maritime surveillance plans."

 

 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 a global company which develops and provides
integrated maritime surveillance, monitoring, management and safety systems
used by coast guards, fishery authorities, infrastructure and vessel owners
for the purposes of managing and controlling their maritime domain.
Applications include security, safety, search & rescue, law enforcement,
fisheries management, illegal fishing detection and environment monitoring.

 

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