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 for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
RICS: UK housing market starts to lose momentum
The latest survey by the Royal Institution of Chartered Surveyors reveals that housing market activity is slowing due to the upcoming stamp duty hike, as well as “international economic uncertainties”
By Ruth Emery Published
-
How Corpay is cashing in on expenses
Financial technology company Corpay has found a profitable niche managing corporate payments
By Dr Matthew Partridge Published