A South West tech firm which provides maritime surveillance systems to clients in the defence and fishing sectors has secured a new deal worth around £200,000 ($260,000).
SRT Marine Systems, based in Midsomer Norton in North East Somerset, said it had received a “strategically notable” order from a Japanese customer for its Digital Aids to Navigation System (DAS) products.
The Aim-listed firm said the digital transceivers, which transmit information to vessels and navigation authorities in real time, are predominantly used to enhance navigation safety and efficiency.
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The deal comes after the company signed a £144m contract with a national coast guard in May.
Chief executive Simon Tucker said: "DAS is a division of our transceivers business which we started many years ago in order to establish first mover advantage. As shipping digitises we see significant future opportunities for our DAS."
In a set of half-year results released in November, SRT reported a 300% revenue rebound following the Covid-19 pandemic, helping it swing back to a profit after tax of £2.1m for the six months to September 2022 - compared to a loss of £3.1m for the same period a year earlier.
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