Software Radio Technology's products include tracking devices for use at sea and on rivers - an area being very strongly driven by new safety and security legislation worldwide. Devices for boats, ships, equipment, cargo items, and individuals. They are a world leader in this rapidly expanding field. See marine division website

Click the SRT ticker above for charts and latest news.



"AIS facilitates a multitude of marine applications, from coastal security to port management, and from search-and-rescue to tracking of competitors in a yacht race. AIS is of huge benefit for vessels, from the largest ocean going tankers to the smallest of leisure craft.

There are 27 million vessels worldwide, 1.6 million kilometres of coastline, and 360 million square kilometres of ocean, all of which need to be monitored and managed for safety and security. AIS offers a solution to this need and following the 2002 IMO SOLAS mandate has become a key element of many national policies. SRT Marine Technology provides a complete range of AIS technology solutions and products targeting all AIS applications." (from the company website)


and from a July 2010 edition of Investors Chronicle:

".......Legislation is now in place for AIS (automatic identification systems) to be fitted on inland waterways in the European Union for up to 25,000 vessels in Turkey and up to 300,000 vessels in India following the water-borne Mumbai terrorist attacks. The host of other mandates are in the pipeline, including China, South Korea, Japan and the US. In total, there are 26m boats and ships worldwide that could be fitted with AIS technology. SRT�s products, according to management, lead the market on both price and performance and are beginning to gain traction...."

RNS states that they have agreed to sell equipment directly to the RNLI.

RNS excellent final results.

Looks like a tech that has to go on up . . . . yet why is Dir Selling?

Bad vibes IMHO....and if there is real money in nautical kit, the big boys will move in, the Rules will change by EU Directive (or US)...and SRT is back to being on the wrong foot.

Do they have a Big Partner?, that could be the clincher - and Dirs that Buy.

So even at 27p, Bargepoles for me, for the time being.

MIDAS SHARE TIPS: From beating pirates to directing ships, investors should buy SRT as demand looks set to soar By Joanne Hart
PUBLISHED: 22:23, 22 September 2012 | UPDATED: 10:36, 23 September 201

All aboard: Demand is set to soar for SRT's systems which help stop ships colliding in crowded waters
Shares in Software Radio Technology have halved in value in the past year – hardly an auspicious performance. However, the current price of 20.5p substantially undervalues the company and the stock should take off over the coming months.

A small business based in Midsomer Norton, Somerset, SRT has pioneered a way to stop ships colliding with each other, reduce piracy, curb illegal immigration and ensure fishing fleets are behaving themselves.

The technology, a little like air traffic control for boats, has been taken up around the world and users include the European fishing fleet, the Indian government and the US coastguard.

SRT’s equipment does not show simply that something is bobbing on the water – it can reveal the ship’s name, its size, where it is going and what or who it is carrying.

The technology was developed in the late Nineties to stop collisions between ships, as hundreds were taking place, particularly on crowded waterways. In 2002, the International Maritime Organisation tried to counter this by stating that all ships of 300 tons or more should use automated identification systems – gadgets that use SRT’s technology.

The devices have small screens on them showing which ships are nearby and their direction. Coastal authorities have a version too, providing an overview of what is out at sea.

Originally, automated identification systems, which are usually quoted in dollars, cost about $15,000 (£9,200) each, so only the largest ships could afford them. Over the past five years however, SRT has worked hard to reduce costs and has broadened its range from two products to 12.


Prices now vary from around $2,000 to as little as $60, depending on the sophistication and complexity of the product. The cheaper systems simply reveal a boat’s name and location. Expensive ones reveal much more and can also be used to send and receive texts and plot routes.

SRT is behind about 80 per cent of automated identification systems in the world. The group develops its technology in Somerset and then sells either complete units or the internal components.

For potential investors, two questions stand out: why is SRT still so small and why have its shares performed so badly? The principal answer is timing. SRT has spent years perfecting its technology and its ability to do the job is undisputed. The EU inland waterways authorities have said that each of about 16,000 commercial barges using European canals needs to have an identification system on board by 2013 and the fisheries department has said all fishing boats over 16 metres long need to fit a system by 2014.

Even the Russians have said that all commercial vessels need to fit one over the next couple of years and SRT chief executive Simon Tucker is continually in talks with governments and coastal authorities around the world.

Until recently, however, regulators and boat owners were dragging their heels, so discussions were taking place but concrete orders – and profits – were slow to materialise.

Tangible progress was made this summer when the US submitted a $3.7 million order to fit the systems to boats in the Gulf of Mexico. They will be used to reduce illegal immigration, as boats that do not carry them will be pursued by border authorities. Initially, only the largest boats will be fitted, but orders are expected to rise.

In the year to March 2012, SRT delivered turnover of £6.2 million and profits of £300,000. In the current year, turnover of £10 million is expected and profits are forecast to surge to £2.1 million. Prospects are even better for 2014 and 2015, as the number of vessels expected to carry identification systems increases.

Purchased friday, going to keep hold. Should go up with the news.Good rise today.

Taken some profit

Identifier Order Update


http://www.moneyam.com/action/news/showArticle?id=4453969

Daily mail - so far the firms proprietary ship communication systems have struggled to sell , but new regulations should help boost annual sales to £10m from £6.2m . It a share for the brave.

Interview with Simon Tucker, Chief Executive Officer of Software Radio Technology

Click the link to listen;

http://www.brrmedia.co.uk/event/104638/simon-tucker-chief-executive-officer

Sold my full holding, to get profits in the bank. To much sitting on the table

Jam tomorrow but when will tomorrow come?
New comment from Investors Champion
http://www.investorschampion.com/blog/entry/software-radio-technology-aimsrt-interim-results-disappoint-and-it-remains-

SRT looks better value than ever at 21p. Hopefully we get a trading update for this current year ended 31 st march and then next year looking extremely strong with £10m+ core business boosted by repeat oreders from Mexico and Russia and re the new Aton and Sart offerings.

Also looks like the USA mandate could start in April. India also set to come on stream after testing the new Identifier product.

Shares looking really cheap imo.

Starting to make progress at last. Good news starting to flow. Could this be SRT's year after all? We have out first higher high on the chart, so perhaps the long term downtrend has finally ended.

Final Results

FINANCIAL HIGHLIGHTS

· Revenue £10.0 million (2012: £6.2 million)

· Profit before tax £1.2 million (2012: £0.2 million)

· Earnings per share 1.3p (2012: 0.2p)

· Gross profit margin 46% (2012: 51%), due to product mix and early production costs
· Debt free with cash of £1.5 million

OPERATIONAL HIGHLIGHTS

· New Identifier and Aids to Navigation product platforms completed and customer deliveries commenced

· Multiple customer product integration and customisation projects completed
· Customer base grown to over 110

Interesting little company. Looks like they have a monopoly in this particular product, though I am surprised that the manufacturers of EPIRB's haven't climbed aboard this bandwagon. Looks like the US is going to be the deciding factor as to whether this becomes a global rollout, as they are due to introduce legislation within the next 6 months......or not. A few uncertainties which could make or break this company, imo, but am tempted to have a small stake just in case!

StockMarketWire.com
Software Ratio Technology said revenue for the six months to Sept. 30 is £5.4m, up 70% on H1 2013/14. Pretax profit was expected to be £0.5m, against a year-earlier loss of £0.4m.

SRT's figures were included in a trading statement for the half year to end-September.

"During the Period, the Company saw significant revenue from project based business with core non-mandated and AtoN business sectors also contributing," SRT said in the statement.

"Core technology and product development continued as planned, coupled with increased investment in sales and marketing, it said.

CEO Simon Tucker said:

"I am delighted to be reporting a comparable period revenue increase of 70% and a return to profit. With many more projects in progress, coupled with the existing mandates and the pending US mandate in particular, we are excited about the future and look forward to providing shareholders with further updates in due course." Story provided by StockMarketWire.com

Software Radio Technology - Simon Tucker, CEO - Mello 2014 event

Click here

Looking at my investment in SRT originally a short term punt now a long term investment, I find it difficult to see why SP is below 20p. A Mr Persey has been buying since last Autumn and now holds 11%. What does he know? In 2015 they spent too much on R&D with limited sales. How long before they get a return on their expenditure?

StockMarketWire.com
Software Radio Technology expects to report FY results ahead of market expectations with revenue of GBP10.6m, up 24% rise, and pretax profit of GBP0.2m, compared to break even in the prior year.

As at the year end, gross cash balances were GBP1.8m.

"During the year the Company continued to implement its long term strategy of developing sophisticated core technologies from which a range of differentiated derivative products and systems are created, targeting all leisure, commercial and security segments of the global maritime market.

"In particular, SRT's Maritime Domain Management (MDM) system offer which delivers enhanced maritime security, border control, safety and management to national authorities such as Coast Guards and Navies has made significant progress.

"SRT will publish its final results and annual report on 6 June 2016. The annual report will be available for download from the Investor section of the website that day, with printed copies mailed to shareholders that week and available upon request to others."