REG - SRT Marine Systems - Panama Canal Order

SRT Marine SystemsAnnouncement

02/02/2022 07:00

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RNS Number : 3178A  SRT Marine Systems PLC  02 February 2022

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

 

Panama Canal Order

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's
em-trak Marine Electronics ('em-trak') subsidiary has received a contract to
supply commercial AIS Class A transceivers to the Panama Canal.

em-trak is a wholly owned subsidiary of SRT and sells em-trak branded AIS
transceivers to commercial and leisure vessels worldwide, directly online and
through a growing worldwide network of over 1,200 dealers. The order for AIS
Class A transceivers has been received via an em-trak local dealer. AIS Class
A transceivers are IMO certified for use on commercial vessels and will be
installed on tugboats and other official commercial service vessels operating
along the Panama Canal to enhance operational safety and efficiency.

SRT's growing transceivers division, is the world's largest developer and
provider of AIS transceivers, having manufactured and delivered over 350,000
devices to date. The division has three separate operating divisions: em-trak
which provides em-trak branded products for commercial and leisure vessels
direct to owners and via a network of dealers, Digital AIS AtoN Systems (DAS),
which provides specialist AIS AtoN navigation and remote environment
monitoring systems, and OEM & Module which provides customer customised
AIS product solutions to marine electronics manufacturers wanting their own
range of AIS transceivers for sale under their own brand.

 Simon Tucker, CEO of SRT Marine Systems, commented:

"Like the Suez Canal, the Panama Canal is a critical strategic commercial
shipping route and AIS is increasingly relied upon to ensure its smooth and
safe operation. The selection of em-trak AIS transceivers for its own service
vessels adds Panama Canal to a growing list of leading global marine agencies
who choose AIS transceivers developed and manufactured by SRT due to the
well-known performance and reliability of our products."

 

 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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