Stratech (The Edge)

Stratech: (The Edge) Expects rev boost as runway surveillance system takes off. Grp has developed 2 broad applications technology, one relates to security surveillance systems and the other involves a system for detecting foreign objects and debris on the runways that might endanger aircraft as they land and take off. Investors should not expect to see much improvement for FY13, but come FY14 the Co. could see a strong turnard. Anticipate a strong pick-up in iFerret and many of the ppl that grp is talking to will either finalize their budget and put up budgets for approval this yr. CEO reckons that the market for FOD surveillance could be as large as US$51b. Among the airports that have adopted the iFerret System are Changi and Dusseldorf, and recently Chicago’s O’Hare International airport.The grp had in Apr12 received accreditation from the US Fed Aviaiation Authrroithy for the iFerret. Stratech has identified 35 airports with 93 Runways that have taken action to implement an FOD System surveillance.