At the AGM on 6th July 2012 the company clarified that its core everyday business is expected to achieve a run rate of £10m pa by the end of this calendar year. As a result the core business alone could produce circa £5 or £6m for this current financial year ended 31/3/13 in addition to the income expected from mandates and projects in Mexico, Russia, EU and India. On top of that other worldwide mandates and projects are nearing fruition. Next financial year the core business could yield £10m+ in addition to income from mandates and projects from EU fishing vessels, Mexico, Russia, India where the numbers are vast, Middle East where Saudi alone will want an estimated 60,000 units etc etc. SRT has now recreated its product range and can supply best in class AIS devices to the growing AIS market. Infrastructures have been built worldwide and satelites launched to monitor the AIS data transmitted from vessels worldwide. SRT is uniquely placed to take advantage of this market and prove that the current share price has become disconnected from the huge potential SRT is now tapping in to.
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Software Radio Technology Plc (SRT) is engaged in the research and development of wireless radio communication technologies and products for the identification and tracking of primarily maritime based assets. The Company develops and provides automatic identification system (AIS) technologies and product solutions for the maritime industry. The Company’s AIS is an international mesh-network radio communications information system standard, created, managed and regulated by the International Maritime Organisation (IMO). AIS provide information about the maritime domain inclusive of vessel movements and the environment. SRT also develops radio communication technologies, which are evolved into a range of modules and derivative other equipment manufacturer (OEM) product solutions. Its Customers are offered a range of flexible module and turnkey OEM product solutions. The Company’s products are used in a variety of applications, which include maritime safety and homeland security. more »
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Director Andrew Lapping has just bought 50,000 SRT shares.
Today's webcast was very positive. SRT appears to have turned a corner and is turning jam into sales. 2013 looks like being a very good year.
USA mandate new start date just published. Over 17000 vessels to be fitted with class A transponders within 7 months of April 2013. This can be expected to boost SRT's turnover by some £10m in the year ended 31st March 2013 assuming SRT gets 75% to 80% of the business. SRT is the dominant market leader according to the company so this is quite likely.