SRT Marine Systems PLC
LSE:SRT
SRT Marine Systems PLC
SRT Marine Systems Plc engages in the development and supply of automatic identification system based on maritime domain awareness technologies, derivative product, and system solutions. The company is headquartered in Bath, Somerset and currently employs 70 full-time employees. The company went IPO on 2005-11-02. The firm is focused on the development and supply of Automatic Identification System (AIS) based maritime domain awareness (MDA) technologies, derivative product and system solutions for use in a range of maritime applications from safety and security to fishery management and environment protection. Its applications include coastal and territorial water surveillance and security, fisheries monitoring, management and illegal unregulated and unrecorded (IUU) detection, search and rescue, waterway management and aquatic environment monitoring, as well as individual leisure and commercial boat owners. The firm has manufactured approximately 350,000 AIS products. Its geographical areas include Europe, Middle East, North America, United Kingdom and South East Asia.
SRT Marine Systems Plc engages in the development and supply of automatic identification system based on maritime domain awareness technologies, derivative product, and system solutions. The company is headquartered in Bath, Somerset and currently employs 70 full-time employees. The company went IPO on 2005-11-02. The firm is focused on the development and supply of Automatic Identification System (AIS) based maritime domain awareness (MDA) technologies, derivative product and system solutions for use in a range of maritime applications from safety and security to fishery management and environment protection. Its applications include coastal and territorial water surveillance and security, fisheries monitoring, management and illegal unregulated and unrecorded (IUU) detection, search and rescue, waterway management and aquatic environment monitoring, as well as individual leisure and commercial boat owners. The firm has manufactured approximately 350,000 AIS products. Its geographical areas include Europe, Middle East, North America, United Kingdom and South East Asia.
Macro Environment: SRT's CEO says recent global market turbulence and tariff issues have not impacted the company financially, with demand for their independent maritime surveillance solutions actually accelerating due to broader regionalization trends.
Contract Pipeline: SRT has about GBP 338 million in gross contract value currently under execution and is pursuing GBP 1.2 billion in further opportunities, with several new deals potentially closing this year or early next.
Transceivers Business: Commercial transceiver sales remain strong, driven by regulatory requirements, while the leisure segment (about 30% of sales) is expected to be flat due to economic caution among buyers.
Product Launch: The new NEXUS product is nearing launch, with the CEO emphasizing a cautious approach to ensure quality; initial production is expected to sell out quickly via the established dealer network.
Recruitment & Operations: Recruitment is ramping up for organizational redundancy and future growth, but the company is already staffed to meet current contract demands.
