Marine AIS Class B Distributor Agreements

SOFTWARE RADIO TECHNOLOGY PLC Marine AIS Class B Distributor Agreements The Directors of Software Radio Technology plc ("SRT") are pleased to announce that SRT has signed three Marine AIS distributor agreements. SRT's strategy in AIS is to be the provider of the industry standard technology platform for all AIS products. Critical to this strategy is the signing of local distributors who have established contacts with local buyers and authorities and are therefore able to establish preferential access to these markets. SRT has signed distribution contracts with the following companies: Sevenstar Electronics - a UK based company which will use SRT's technology to create its own AIS Class B product. SRT will receive an initial fee of US$50,000 plus ongoing royalties on each product sold. CSI - a South Korean based company, which has already installed the national Korean AIS network and is now seeking to supply the domestic Korean market, for which AIS Class B is currently being mandated. Atlas Communications - a UAE based company which specialises in the installation and operation of communication networks in the Middle East. Atlas will be seeking to incorporate AIS Class B into the AIS systems which are now being supplied. Simon Tucker, SRT's Commercial Director said: "AIS is becoming the coastal surveillance system of choice for authorities and we are leveraging our clear competitive advantage in the AIS market to cherry pick the best distributors worldwide to ensure we maximise our share of the market. We are making excellent progress towards achieving our strategic objectives." 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 Tavistock Communications 020 7920 3166 Christian Taylor-Wilkinson ctaylor-wilkinson@tavistock.co.uk About Software Radio Technology SRT is a developer and licensor of digital wireless technology reference designs that facilitate and fast-track the manufacture of sophisticated digital communications and tracking/surveillance products for use within the professional homeland security market. Currently SRT develops and supplies technology solutions for Marine AIS and PMR-TETRA.
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