Year End Trading Update

SOFTWARE RADIO TECHNOLOGY PLC ("SRT" or the "Company") YEAR END TRADING UPDATE Software Radio Technology announces that it will publish its Final Results for the year ended 31 March 2011, on Tuesday 21 June 2011. Subject to audit, the Company expects to report turnover of approximately £9 million, an increase of over 160% on the previous year, with a profit after tax of approximately £2 million, against a loss for the same period last year. Year end cash balances are expected to be approximately £3 million despite an increase in stock to approximately £1.5 million to support an accelerated product development programme and future revenue growth. The Company remains debt free. Simon Tucker, CEO of SRT, said, "We are seeing strong demand for our products in this rapidly growing global market, which is starting to be reflected in our financial performance. We now have over 40 customers globally and our order book continues to develop as the impact of AIS mandates is felt in the market. "With our expanding range of market leading, innovative products and services, we remain confident in SRT's continuing growth." -ends- Enquiries: Software Radio Technology plc +44 (0)1761 409500 Simon Tucker simon.tucker@softwarerad.com Chief Executive Officer Westhouse Securities Limited +44 (0)20 7601 6100 Tim Feather Matthew Johnson Leander PR +44 (0)7795 168 157 Christian Taylor-Wilkinson About SRT: Software Radio Technology plc, develops advanced radio communications technologies which are used to create enabling modules and OEM products. SRT Marine Technology Limited focuses on VHF and AIS technologies for use in navigation and homeland security identification and tracking applications. SRT Marine Technology provides its solutions in a variety of module and OEM product formats.
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