Software Radio seeks new funds

Companies: SRT

29/03/2007

Secure communications specialist Software Radio Technology (SRT) is raising £4 million at 42p to develop its TETRA secure handset system.

AIM-quoted SRT, which is tapping into the Chinese and Korean military and police markets with TETRA and has high hopes in the USA for its AIS marine automatic identification system, will use some of the funds raised for TETRA, some for AIS and some for digital professional mobile radios. The first £3 million tranche of shares has already been issued and the remaining £1 million needs shareholder approval.

At 46p, down 0.5p this morning, SRT shares value the company at £36 million.

Robert Tyerman

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Software Radio Technology	AIM	£20.05m	20.50p	0.00p
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Other company articles:
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Strangers on a train			03/04/2007
Software Radio seeks new funds			29/03/2007
Profits in sight, says SRT			07/03/2007
In the Hot Seat with Sally Giles			08/08/2006

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