SRT Marine Systems (SRT)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

43.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 48.00p
  • 52 Week Low: 17.00p
  • Currency: UK Pounds
  • Shares Issued: 222.63m
  • Volume: 280,433
  • Market Cap: £96.85m
  • RiskGrade: 240

SRT Marine Systems to aid Ecuador against illegal fishing

By Duncan Ferris

Date: Thursday 05 Jul 2018

LONDON (ShareCast) - (Sharecast News) - SRT Marine Systems on Thursday agreed to supply the government of Ecuador with an IUUF (illegal, unreported, unlicensed, fishing) detection system.
The AIM traded maritime management and surveilence systems provider said the agreement will involve the supply and install its GeoVS display and analytics system in Ecuador and a feed of customised satellite monitoring data over a three-year period.

Simon Tucker, chief executive of SRT Marine Systems, said: "We are delighted to have entered this initial Agreement with Ecuador. The advanced data fusion and analytics capabilities of our GeoVS system will enable our customer to quickly and accurately identify illegal fishing and other maritime activities and take appropriate action."

The South American nation has battled against illegal fishing for years and last year jailed 20 Chinese fishermen after they were found in the waters near the Galapagos Islands with the bodies of 6,600 sharks, including near-extinct or endangered species.

At the time, the country's ministry of defence suggested there could have been as many as 300 illegally operating in Ecuador's waters, prompting fury from the Ecuadorian public.

"The proven functionality and reliability, combined with the sophisticated analytics and future scalability of our systems, were key factors in the customer's decision. We look forward to developing this relationship further in the future which may include expansion to include coverage of the local fishing fleet," said Tucker.

As of 0828 BST, SRT Marine Systems' shares were up 7.25% at 32.98p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SRT Market Data

Currency UK Pounds
Share Price 43.50p
Change Today -1.50p
% Change -3.33 %
52 Week High 48.00p
52 Week Low 17.00p
Volume 280,433
Shares Issued 222.63m
Market Cap £96.85m
RiskGrade 240

SRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
71.36% above the market average71.36% above the market average71.36% above the market average71.36% above the market average71.36% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Income Not Available
Growth Not Available

SRT Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:16 64,000 @ 45.00p
16:25 3,950 @ 42.80p
16:24 1,487 @ 43.00p
16:16 1 @ 44.25p
15:56 2,000 @ 44.64p

SRT Key Personnel

CEO Simon Richard Tucker
COO Neil Peniket
CFO Richard Hurd

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