Agreement with Selex Communications

SOFTWARE RADIO TECHNOLOGY PLC AGREEMENT WITH SELEX COMMUNICATIONS The Directors of Software Radio Technology plc ("SRT") are pleased to announce that on 11 November 2005, SRT entered into an agreement with Selex Communications OTE SpA ("Selex"), an Italian manufacturer of TETRA equipment, for the supply of elements of SRT's TETRA handset technology in the period to 31 December 2006. The agreement is expected to generate sales of up to US$900,000 for SRT over that period. Selex is an existing SRT customer and its TETRA handsets incorporate SRT technology, which has previously been supplied on an ad hoc basis. The agreement provides a framework for the ongoing supply of the technology as well as demonstrating the rapid growth in orders anticipated by Selex. Selex is an established provider of TETRA base stations and handsets in Europe. Selex has announced that it expects to be a lead supplier of TETRA equipment for the recently announced Italian TETRA network that will support up to 300,000 users, including the police. SRT's Commercial Director, Simon Tucker said, "The agreement with Selex, which was in negotiation at the time of our flotation on AIM, is a strong indication of the rapid growth of the global TETRA market. Whilst the agreement does not cover our complete TETRA technology solution, we believe it is a first step towards a much closer and mutually beneficial relationship with Selex in the future. In the short term it provides us with even greater exposure to the growth of the TETRA market worldwide, as well as generating cash flow and accelerating SRT's progress towards profitability." Software Radio Technology plc 01761 409500 Simon Tucker simon.tucker@softwarerad.com Shamus Kelly shamus.kelly@softwarerad.com Westhouse Securities LLP 0161 838 9140 Tim Feather tim.feather@westhousesecurities.com The Communication Group 020 7630 1411 Richard Evans revans@thecommunicationgroup.co.uk Notes for Editors About Software Radio Technology SRT is a developer and licensor of digital wireless technology reference designs that facilitate the manufacture of sophisticated digital communications and tracking/surveillance products for use within the professional homeland security market. SRT currently licenses technology solutions for TETRA handsets and automatic identification systems (AIS) for ships and boats. SRT was admitted to AIM on 2 November 2005 in conjunction with a placing which raised approximately £4 million at 35p per share. About Selex Communications Based in Florence, Selex is owned by the Italian conglomerate, Finemarchi and is a specialist manufacturer and provider of TETRA equipment and solutions.
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