SRT Royalties Announcement

06 July 2011
SRT Royalties Announcement

Software Radio Technoolgy have announced receipt of AIS technology licence royalties

SRT is pleased to announce that it has received an order for AIS OEM products worth US$1.8 million, together with the required upfront deposit.

The order was placed by an existing EU based customer and will be delivered in batches prior to 31 December 2011.

Simon Tucker, CEO of SRT, said, "Whilst we are pleased that SRT is receiving regular orders from our customers, the quantum of this order demonstrates that there are increasingly significant market opportunities arising for our customers for which our growing range of products are ideally suited."