The order will result in Bath-based SRT receiving approximately £1.6m in royalties, of which approximately £1m is expected within the current financial year.
Unimo commenced production and deliveries of its TETRA handset, which is based on SRT’s reference design, earlier this year, targeting local Korean and international markets. SRT said it understands that several further significant prospects are currently in negotiation.
TETRA networks now exist in 85 countries and are rapidly expanding in coverage and capacity. This expansion is creating significant sales opportunities which the emerging Asian manufacturers, using SRT’s technology, are well placed to secure.
Simon Tucker, group managing director of SRT said: ‘We are delighted that our long term partner has won this large contract. We had not expected such a large order so soon after the product launch.
‘We believe this clearly demonstrates the latent demand that exists in the market which will become apparent as more of our Asian customers enter volume production with their handsets. SRT is working with Unimo on a number of other significant prospects.
‘Orders of this size are not easily won and it is a testament to Unimo’s high quality TETRA handset and sales efforts. We will continue to work closely with Unimo to secure further sales and to evolve and expand its range of TETRA products.’