Etherstack Plc (ASX:ESK) Signs Seventh Mining Communications Contract
Date
5/31/2024 11:43:49 PM
(MENAFN- ABN Newswire)
Etherstack plc (ASX:ESK) advises that its Australian subsidiary Auria Wireless Pty Ltd has entered a contract with Radlink Pty Ltd valued at A$428,000 to supply essential digital radio communications equipment at a new iron ore project in the Pilbara region of Western Australia.
This contract is for the supply of the Company's digital APCO P25 Radio Network equipment which is widely used in the Australian and global, public safety, resources and utilities markets. Contracts of this nature typically provide the Company with initial equipment revenues followed by recurring support revenues over many years and future expansion and replacement orders, demonstrating the strategic value of contracts such as this contract and the previous six digital radio network deployments.
This current order represents the seventh deployment of the Company's technology in recent years in the Western Australia resources sector.
The revenue from this activity is expected be recognised in the financial year ending 31 December 2024.
Etherstack CEO, David Deacon, said "This is the seventh deployment with one of the world's largest miners. It clearly demonstrates customer satisfaction with our engineering, delivery and support. We are pleased with the recurring business within the Australian resource sector.
-p alt="Etherstack plc" src="https://abnnewswire.net/images/logos/36629en.png" style="float:left; height:31px; margin:5px; width:120px" />Etherstack (ASX:ESK) is the world's leading licensor of wireless technologies for the digital LMR industry and the Company develops wireless products for the main digital radio communications standards known as APCO P25, TETRA and DMR. Over the past 25 years, over twenty wireless equipment manufacturers have licensed LMR technologies from Etherstack for use in their products.
MCPTT over LTE is an emerging cellular standard that provides public safety grade PTT (Push-To-Talk) solutions within 4G and 5G cellular networks. Demand for MCPTT services and equipment by telecommunications carriers and end user agencies has been steadily growing in the past few years and is expected to rise rapidly over the next 36-48 months.
David CarterChief Financial OfficerT: +61 2 8399 7500Investor RelationsMelanie SinghT: +61 439 748 819...
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