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...."

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."