LONDON (ShareCast) - Software Radio Technology (SRT) announced Tuesday that it has entered into an agreement with US company Johnson Outdoors (NasdaqGM: JOUT - news) to deliver automatic identification system products.
The developer of maritime identification and tracking technologies will supply the products which will be marketed and sold under Johnson Outdoors' Humminbird brand.
Hummibird is GPS tracking device used for fishing and boating.
"Humminbird is one of the world's leading marine electronics brands and we are delighted to be working with them to create a unique range of high performance AIS [automatic identification system] products based upon our core technologies to sell through their extensive sales channels," said SRT Chief Executive Simon Tucker.
Shares rose 4.12% to 22.12p at 14:44 Tuesday.