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SRT Marine Systems

The Cavendish View

SRT Marine Systems (CORP) is a leading provider of maritime domain awareness systems, combining surveillance software, analytics and sensors to help coast guards, fisheries and border agencies monitor and secure their maritime territories. SRT has reached an inflection point of financial performance, commerciality and balance sheet strength from more than �500m under contract from a diverse customer base, and a �1.8bn validated pipeline opportunity. This timely conference serves as an opportunity for investors to learn more about the growing demand for sovereign maritime surveillance, conversion of the �1.8bn pipeline, and attractive long term growth prospects underpinned by investments to diversify into the land-border ISR market.

KIMBERLEY CARSTENS

Research, Associate Director

A new generation of intelligent maritime domain awareness

SRT builds the technology that lets a country see what is happening in its own waters. Its systems track and identify vessels across a national maritime domain, and are used by coast guards, navies, border agencies, fisheries authorities and port operators to address smuggling, illegal fishing, border control, environmental protection and navigation safety.

The business has two distinct sides. MDA Systems covers large integrated surveillance and intelligence systems delivered to national agencies — maritime surveillance and command and control for coast guards, fisheries monitoring and management systems, national vessel registration and tracking, and vessel traffic systems for ports and waterways. These are long-cycle, government-scale projects.

The transceiver business is different in character: AIS and VHF navigation and communication hardware, sold as modules to OEM marine electronics manufacturers, as certified aids-to-navigation transceivers for ports and offshore infrastructure including wind farms, and through dealers and distributors to leisure and commercial vessel owners under the em-trak brand.

The two connect. The transceivers generate the vessel data that the surveillance systems interpret, and the same core technology underpins both. SRT has been developing maritime technology since 1987, is based at Midsomer Norton near Bath, and operates internationally.

Attending

Company descriptions are drawn from information published by each company and have not been independently verified by Cavendish. They are for information only, are not investment research, advice or a recommendation, and do not constitute an offer or invitation to buy or sell any security. Information is correct as at 10th September 2026 and will not be updated. Investors should refer to each company's own published announcements and accounts. Cavendish acts as adviser or broker to certain of the companies featured.

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