SRT Marine Systems (SRT)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

22.25p
   
  • Change Today:
      0.25p
  • 52 Week High: 68.00p
  • 52 Week Low: 22.00p
  • Currency: UK Pounds
  • Shares Issued: 222.63m
  • Volume: 166,478
  • Market Cap: £49.54m
  • RiskGrade: 240

SRT Marine receives new UN contract

By Josh White

Date: Friday 23 Jun 2017

LONDON (ShareCast) - (ShareCast News) - SRT Marine Systems advised the market on Friday that it received a contract from the United Nations Food and Agriculture Organisation (FAO) to supply a package of specialist AIS Class B transceivers and communication devices, satellite AIS data and a vessel tracking display system.
The AIM-traded firm said the equipment supply element would be completed in the current financial year with the supply of S-MDA satellite AIS data ongoing.

It said the project was supported by the 'Counter Piracy Trust Fund to Support Initiatives of States Countering Piracy off the coast of Somalia'.

The system would be used primarily to enhance safety at-sea and fight piracy activities, as well as to track and monitor small local fishing boats in Somalia and assist with safety and prevention of illegal, unregulated and unlicensed (IUU) fishing.

SRT said the AIS Class B transponders were specifically designed for deployment on small fishing boats and were enabled with SAT-Trak technology which enabled their transmissions to be reliably received and relayed by satellites equipped with AIS receivers to the monitoring station, thus enabling reliable long range tracking across the Somalia EEZ and globally if required.

"SRT have been the global leaders in AIS technologies, products and systems for over a decade," said CEO Simon Tucker.

"Whilst a small project, we are delighted to have the opportunity to work with the FAO to help another nation build their maritime domain awareness and management capabilities."

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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 22.25p
Change Today 0.25p
% Change 1.14 %
52 Week High 68.00p
52 Week Low 22.00p
Volume 166,478
Shares Issued 222.63m
Market Cap £49.54m
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
73.64% below the market average73.64% below the market average73.64% below the market average73.64% below the market average73.64% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income Not Available
Growth
60.77% above the market average60.77% above the market average60.77% above the market average60.77% above the market average60.77% above the market average
76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average

SRT Dividends

No dividends found

Trades for 16-May-2024

Time Volume / Share Price
16:20 12,000 @ 22.09p
15:53 7,500 @ 22.00p
15:53 10,000 @ 22.00p
15:51 22,756 @ 22.03p
13:14 7,000 @ 22.44p

SRT Key Personnel

CEO Simon Richard Tucker
COO Neil Peniket
CFO Richard Hurd

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