SRT Marine Systems PLC US$9 million new MDA system contract award
19 Novembre 2024 - 8:00AM
RNS Regulatory News
RNS Number : 6935M
SRT Marine Systems PLC
19 November 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT
FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH
THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF
MAR.
SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the
"Company")
US$9 million new MDA system contract
award
SRT, a global provider of maritime
domain awareness systems and technologies for security, safety and
environmental protection is pleased to advise that it has received
a notice of award for a contract worth US$9m from a Middle East
sovereign Coast Guard. The contract is expected to be signed and
commence during December.
The contract is from an existing
long standing SRT customer who is now undertaking an upgrade to
their system to integrate more sensor systems and related new
functionalities. The upgrade will integrate multiple command
centres and ministries enabling them to integrate all maritime data
within a single secure platform that is fully owned, controlled and
operated by the customer in country and thus share a common
national operating picture and digitally co-ordinate operations.
Simon Tucker, CEO of SRT Marine
Systems, commented:
"This is a typical example of the
long-term partnership SRT builds with customers and how the
build-up of customer MDA system capabilities and capacity is a
long-term multi-contract program. We look forward to delivering
enhanced capability to their existing SRT system and working with
them to fully operationalise them."
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For
further information, please contact:
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SRT
Marine Systems plc
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www.srt-marine.com
+ 44 (0)
1761 409500
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Simon Tucker (CEO)
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simon.tucker@srt-marine.com
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Kevin Finn (Chairman)
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Kevin.finn@srt-marine.com
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Cavendish Capital Markets Limited (NOMAD &
Broker)
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Jonny Franklin-Adams / Teddy Whiley /
Finn Gordon (Corporate Finance)
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+44 (0) 20
7220 0500
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Tim Redfern / Ondraya Swanson
(Corporate Broking)
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Yellow Jersey PR
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Charles Goodwin / Annabelle
Wills
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+44 (0)
774 7788 221
srt@yellowjerseypr.com
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About SRT Marine Systems plc:
SRT Marine Systems plc is an
established leader in the growing global market for maritime domain
awareness. We provide technology driven solutions for coastal and
EEZ surveillance, fisheries management and monitoring and
navigation safety and efficiency. Our customers range from
government agencies such as Coast Guards, Fishery Authorities and
Ports & Waterway authorities to commercial and leisure vessel
owners.
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