SRT hails unexpected order
Software Radio Technology (SRT) said it had received an order worth 280,000 dollars for its recently launched AtoN product, which is used in marine electronic tracking.
Software Radio Technology (SRT) said it had received an order worth 280,000 dollars for its recently launched AtoN product, which is used in marine electronic tracking.
The firm said it expected to delivered the products to the customer within the current financial year.
The products will be deployed on buoys operating in an existing network located in the Middle East, it added.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
SRT said AtoNs were used to enhance electronic navigation and an increasing number of vessels were being fitted with AIS transceivers, meaning their deployment is expected to grow substantially in the future.
"Our new AtoN product family has been well received by the market due to its full compliance and certification to international standards whilst also being small, with very low power consumption," said Chief Executive Simon Tucker.
MM
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published