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SRT Marine Systems PLC signed a formal contract for a £40 million SRT-MDA System project with a customer on Tuesday, 25th January 2022. This action officially commenced the delivery of the project's first phase, following a notice of award received on Thursday, 6th January 2022.
| Date | 26 Jan 2022 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 6130Z |
SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
£40 million SRT-MDA System Project Contract Signed
SRT Marine Systems plc ('SRT'), a global provider of next generation integrated maritime domain and coastal surveillance and monitoring systems for national coast guards and fishery authorities is pleased to announce that further to the announcement of receipt of notice of award on Thursday 6th January 2022, that on Tuesday 25th January 2022, the Company signed the formal contract with its customer, thereby officially commencing the delivery of the first phase of the project.
Simon Tucker, CEO of SRT Marine Systems, commented:
"I am very pleased to be announcing the signing and commencement of the first phase of this £40m SRT-MDA System project. Our project delivery team and in-country partner are well prepared and implementation will therefore commence immediately. This is an important new customer for SRT and we expect that further contracts will follow as they build up their national maritime surveillance capabilities in the years to come."
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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For further information, please contact: |
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SRT Marine Systems plc |
+ 44 (0) 1761 409500 |
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Simon Tucker (CEO) |
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Louise Coates (Marketing Manager) |
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finnCap Ltd (NOMAD & Broker) |
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Jonny Franklin-Adams / Teddy Whiley (Corporate Finance) |
+44 (0) 20 7220 0500 |
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Tim Redfern / Charlotte Sutcliffe (ECM) |
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About SRT Marine Systems plc:
SRT Marine Systems PLC is a global company which develops and provides integratedmaritime surveillance, monitoring, management and safety systems used by coast guards, fishery authorities, infrastructure and vessel owners for the purposes of managing and controlling their maritime domain. Applications include security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection and environment monitoring.