Maritime Surveillance and Coastal Surveillance Technology Company SRT Marine Systems signed a contract with a new customer, it announced on Wednesday, to supply an unnamed national coast guard in Southeast Asia with a first maritime surveillance system “SRT-MDA”.
The AIM-listed company said the contract was for a small system that would allow the Coast Guard to coordinate several other national agencies when identifying and scheduling vessel inspections for safety, enforcement law and security.
He said the project is expected to be completed by March next year.
The council described the end customer as a “significant national coastguard“, adding that the contract was the first step in the coastguard’s long-term strategy to establish an integrated national maritime surveillance and intelligence system. of “new generation”.
“We are delighted to have signed this new contract and to open up another new market and long-term customer for our maritime surveillance system solutions,” said Managing Director Simon Tucker.
“While this first contract is small, it is strategically important to SRT given its ambitious future plans for maritime surveillance.”
At 12:46 GMT, SRT Marine Systems shares were up 1.7% at 41.95p.
Reporting by Josh White for Sharecast.com.