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ETHERSTACK PLC — Capital/Financing Update 2015
Dec 10, 2015
64877_rns_2015-12-10_eca7f3a0-5ae3-4843-b286-dc7eb8df53cc.pdf
Capital/Financing Update
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Etherstack plc | Sydney Level 1, 80 Abercrombie St Chippendale NSW 2008 Australia [email protected] P: +61 2 8399 7500
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11[th] December 2015
ASX Announcement
ETHERSTACK PLC
(ASX:ESK)
("Etherstack" or the "Company")
Etherstack announces two Government contract wins
Etherstack plc is pleased to announce two government contract wins.
Etherstack’s Australian subsidiary, Auria Wireless Pty Limited has won a NSW Government contract to supply mobile communications infrastructure in support of firefighting activities.
The first order for AUD$130,000 has been received with delivery planned for early in 2016. This order and expected future orders under the supply contract are forecast to contribute revenues of up to AUD$850,000. The majority of this revenue is expected to be recognised in 2016.
In addition, Etherstack’s US subsidiary, Etherstack Inc has won a Canadian government contract through a North American distributor. The contract is for the supply of fixed P25 digital radio network infrastructure for policing and public safety activities.
The contract value is USD $144,000 and contract revenue is expected to be recognised upon delivery in 2015.
About Etherstack plc (ASX:ESK):
Etherstack manufactures and supplies digital communications equipment for public safety and other mission critical networks such as electric utilities. The company has previously supplied its fixed and tactical communications equipment to policing organisations in the United States, Canada and Australia, including the Royal Canadian Mounted Police and the Australian Federal Police.
For further information, contact:
David Carter Chief Financial Officer Etherstack plc +61 2 8399-7500
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English Registered Company No. 7951056 | ARBN 156 640 532
London +44 20 7734 0200 [email protected]
New York Yokohama +1 917 661 4110 +81 45 342 9050 [email protected] [email protected]