SRT Marine Systems (SRT) Investor Update summary

Strategic direction and market position

• Pursuing long-term dominance in the digital maritime domain awareness market, leveraging a decade of experience and technology development.

• Now recognized as a dominant player, with significant contracts and a growing reputation among customers and shareholders.

• Emphasizes open communication with stakeholders, balancing transparency with customer confidentiality.

• Share price volatility seen as not reflective of underlying business progress.

Systems division updates

• Systems division focuses on national-scale maritime domain awareness, integrating sensors, AI analytics, and vessel registration.

• Ongoing projects include a nearly completed fisheries monitoring system in the Philippines and a new Southeast Asian coast guard contract, pending final loan agreement.

• Middle East projects progressing, with phase two of a major contract finalized after scope changes, and phase three expected to start by year-end.

• Two new Middle East contracts anticipated, including a $200 million project likely to crystallize by year-end.

• Additional opportunities in Southeast Asia and Africa, with several countries moving toward integrated maritime surveillance systems.

Product development and innovation

• Core product, GeoVS, now has four pillars: Hub, Console, Connect, and Portal, supporting data management, field operations, and inter-agency collaboration.

• GeoVS is on release 13, reflecting significant advances in AI, security, and visualization since 2015.

• Continuous investment in product sophistication to meet evolving customer needs.