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SRT to launch vessel monitoring satellites

SRT Marine Systems has announced its intention to build and launch its own maritime monitoring satellite constellation, to be called OCEAN-SCAN, which will provide global vessel detection and tracking.

{mprestriction ids="1,2"}The system will be targeted at maritime domain awareness (MDA) customers, and is expected to initially comprise six low earth orbiting (LEO) satellites, operating in a combination of equatorial and polar orbits to provide global coverage. Enhanced coverage will be added in equatorial and border regions due to expected high demand, the company said.

The OCEAN-SCAN system will host a combination of sensor technologies, including AIS, to enable tracking of all vessels, with or without an AIS transceiver. The network is expected to be fully operational in 2019, with additional satellites beyond the initial six expected to also be added in the future.

SRT has entered into an initial agreement with Clyde Space in Edinburgh, UK, to use its micro-satellite platform to assist in delivering the OCEAN-SCAN system within the required timescale.

“This is a natural and major strategic initiative for SRT that will deliver significant benefits for authorities seeking to secure and manage their maritime domain, as well as a new and recurring revenue stream for SRT through the sale of data to our system project customers,” said Simon Tucker, CEO of SRT Marine Systems.

“OCEAN-SCAN is fully funded via forecasted trading cash flow and further supported by our new working capital facility. Subject to the usual risks associated with launching satellites, we expect OCEAN-SCAN to be fully operational before the end of 2019.”

“The new technologies and innovative system architecture of the OCEAN-SCAN satellite system, combined with our SAT-Trak vessel transceiver technology, and GeoVS intelligent monitoring and analytics system will deliver an unmatched level of fully integrated vessel tracking, identification and management capability to our customers.”{/mprestriction}

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