Licence for GeoVS Technology

RNS Number : 6511X

Software Radio Technology PLC

15 January 2014

 



SOFTWARE RADIO TECHNOLOGY PLC

(AIM: SRT) ("SRT")

LICENCE FOR GEOVS TECHNOLOGY

SRT is pleased to announce that it has signed a licence deal for the use of its GeoVS 3D visualisation software.  The software will be used to enhance maritime domain awareness at a strategically important commercial infrastructure installation.  The deal is worth £145,000 over the first year, comprising fees for licensing and customisation, with further support licence fees payable thereafter.

Simon Tucker, CEO of SRT said: "Having acquired GeoVS only three months ago, I am delighted to be announcing our first commercial deal which signals the commencement of a new income stream for SRT."

Contacts:
Software Radio Technology plc
Simon Tucker, Chief Executive Officer	[phone]
	[e-mail]
WH Ireland Limited
Tim Feather	[phone]

About SRT:

Software Radio Technology plc develops advanced radio communication based marine domain awareness technologies, products and systems. These are customised and provided to a global customer base to meet worldwide market demand to identify and track vessels of all sizes in leisure, commercial and homeland security applications

 

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