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SRJ Technologies Group plc (ASX:SRJ)

ALERT: Price-sensitive ASX Announcement for SRJ
Current share price for SRJ : $0.008 -0.004 (-33.33%)+
Announcement
Release
2 Jul 2026 8:15AM
Price at Release
$0.012
Full Release
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Summary
SRJ Technologies Group plc has commenced delivery under newly awarded contracts in the Middle East with AD Ports Group and Dubai Petroleum. The contracts involve robotic inspection services and emissions detection, marking significant milestones in SRJ's strategic expansion in the region. These activities demonstrate the company's transition from framework agreements into revenue-generating operations, and validate SRJ's long-term strategy of securing sustainable contractual opportunities. The commencement of these contracts reflects improving conditions in the Middle East, supporting the resumption of inspection and maintenance programs.
Key Points
  • SRJ Technologies Group plc has begun delivery under recently awarded Middle East contracts.
  • The contracts are with AD Ports Group and Dubai Petroleum.
  • SRJ's subsidiary, Air Control Entech Survey LLC (ACE), received its first purchase order under a Service Level Agreement with Divetech, a subsidiary of AD Ports Group.
  • The Divetech order covers robotic inspection on a vessel within the AD Ports maritime network.
  • SRJ also received a notification of its first operational call-off under a three-year contract with Dubai Petroleum.
  • The initial scope with Dubai Petroleum involves robotic detection of fugitive emissions across onshore assets.
  • These activities mark significant milestones in SRJ's strategic relationships in the Middle East.
  • The agreements validate SRJ's delivery capability and management's strategy of securing long-term contracts that translate into recurring operational activity.
  • Both contracts reflect improving operating conditions in the Middle East post-regional uncertainty.
  • SRJ's CEO, Kurt Reeves, highlighted the strategic importance of these agreements for the company.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.