AIS OEM Distributor Deal Sign

RNS Number : 6904L

Software Radio Technology PLC

15 January 2009

 



Thursday 15th January 2009        

SOFTWARE RADIO TECHNOLOGY PLC

("SRT" or the "Company")

AIS OEM distributor deal signed with USA based West Marine Inc.

SRT's subsidiary, SRT Marine Technology Limited, has signed a distribution agreement with West Marine of the USA for its OEM AIS Class B product. 

SRT is providing its AIS Class B product to West Marine for sale within their own brand product program under the brand of West Marine. The companies have co-operated to develop a marketing program which will see the West Marine AIS Class B product for sale and actively promoted in approximately 380 stores, advertised in their 1 million print run catalogue and available on the West Marine web site commencing January 2009.

AIS Class B was approved for use in the USA by the FCC in September 2008 where there is a potential market of up to 16 million vessels. AIS is a valuable navigation aid which assists with anti-collision and the accurate identification, location and tracking of maritime traffic.  

Simon Tucker, Managing Director of the Company said; "This is a major win for SRT Marine Technology Limited and instantly provides our AIS Class B product with national exposure under a highly respected brand across the USA.  We see this as a long term partnership which will be mutually beneficial for SRT and West Marine." 

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Enquiries:
Software Radio Technology plc Simon Tucker   Group Managing Director	[phone] [e-mail]
Numis Securities Limited David Poutney (Corporate Broking)  Lee Aston (Nominated Adviser)	[phone]

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.

About West Marine, Inc.:

West Marine is the USA's largest retailer and distributor of marine products with 380 stores and annual revenues of over US$650 million.

 

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