SRT Marine Systems PLC $180m MDA System Contract Signed (7911Z)
2023年5月18日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMSRT
RNS Number : 7911Z
SRT Marine Systems PLC
18 May 2023
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")
$180m MDA System Contract Signed
SRT Marine Systems plc ('SRT'), a global provider of maritime
domain awareness systems and technologies for security, safety and
environmental protection is pleased to advise that it has signed a
US$180million contract to supply an integrated maritime
surveillance and intelligence system to a national Coast Guard.
The signing took place at a confidential ceremony at the coast
guard headquarters on Wednesday 17(th) May 2023 attended by the
full leadership of the Coast Guard, local government officials and
UK Embassy staff.
The project has an expected implementation period of
approximately 2 years, followed by a support and data services
period of 8 years. The implementation of the system accounts for
approximately 85% of the value, with the remaining 15% related to
support and data services.
The signing of the contract (which is in relation to the letter
of intent that the Company announced on 23 March 2023) was
triggered by the completion of a government-to-government project
finance MoU agreement, which paves the way for the completion of
the project-specific inter-government UKEF supported loan agreement
for this contract, which the customer's government is using to
finance the project.
The contract will deliver a state of the art national scale
implementation of the SRT-MDA System integrated maritime
surveillance, intelligence and command & control system. The
system will integrate multiple coastal, vessel, drone and satellite
sensor systems within a network of fully connected command centres.
Operators will benefit from our proprietary analytics and
visualisation technologies that enable enhanced vessel and event
detection and characterisation across the customer's entire marine
domain and thus a high level of maritime domain situational
awareness.
Simon Tucker, CEO of SRT Marine Systems, commented:
"The SRT-MDA System will enable our customer with exceptional,
fully autonomous strategic and tactical maritime surveillance and
intelligence that places it amongst the leaders globally in this
capability area. We expect them to reap numerous benefits that
include environment protection, improved safety, security and
prevention of illegal fishing, all achieved with a high level of
efficiency and effectiveness resulting from the system. We look
forward to a long relationship with our expectation of this being
just the first of many contracts in the years and decades to
come."
For further information, please contact:
SRT Marine Systems plc www.srt-marine.com
+ 44 (0) 1761 409500
-------------------------------
Simon Tucker (CEO) simon.tucker@srt-marine.com
-------------------------------
Louise Coates (Marketing Manager) louise.coates@srt-marine.com
-------------------------------
finnCap Ltd (NOMAD & Broker)
-------------------------------
Jonny Franklin-Adams / Teddy Whiley
(Corporate Finance) +44 (0) 20 7220 0500
-------------------------------
Tim Redfern / Charlotte Sutcliffe (ECM)
-------------------------------
Yellow Jersey PR
-------------------------------
Charles Goodwin / Annabelle Wills +44 (0)774 7788 221
srt@yellowjerseypr.com
-------------------------------
About SRT Marine Systems plc:
SRT Marine Systems PLC is an established leader in the growing
global market for maritime domain awareness. We provide advanced
technologies, products and systems, that integrate multiple
proprietary technologies such as advanced analytics, data fusion,
augmented visualisation, that enhance maritime safety, security and
environmental protection and sustainability. Our customers range
from governments to vessel owners around the world.
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END
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May 18, 2023 02:00 ET (06:00 GMT)
Srt Marine Systems (LSE:SRT)
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