Follow-on WA Resources Communications Network Order
Sydney, June 20, 2022 AEST (ABN Newswire) - Etherstack Plc (ASX:ESK) is pleased to announce its Australian subsidiary, Auria Wireless Pty Limited ("Auria"), has entered another contract with communications system integrator, RCS Telecommunications Pty Ltd, to provide the Company's P25 digital radio network technology to the end customer, being a major iron ore mining company active in the Pilbara region of north-west Western Australia.
This is in addition to the A$1m order announced on 26 April 2022, and is for another mine site in Western Australia. This order will provide the Company A$650,000 additional revenue in the second half of FY2022. The network deployment is also expected to contribute to additional long term annual support revenues commencing in FY2023.
The order represents the eighth order for the Company's digital radio technology for new mining projects with the end resources customer. The combined value of these eight orders since May 2020 is in excess of A$3m and Etherstack management reiterates our expectation of additional orders within the next 12 months to the same end user.
Etherstack CEO, David Deacon said, "As noted in previous announcements, our Australian manufactured P25 network technology has performed extremely well in previous deployments with the end customer. We believe they value local access to our design, manufacturing and support team.
We have previously emphasised the importance of growing this strategic customer relationship and we are very pleased to be able to report this further order."
Deacon continued, "Beyond this positive resource sector news, Etherstack management remain bullish about the outlook in relation to our telco carrier based MCPTX business development progress, satellite comms and government defence projects globally."
About Etherstack Plc
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.