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ETHERSTACK PLC — Regulatory Filings 2016
Sep 21, 2016
64877_rns_2016-09-21_f55be67f-6659-40e2-883f-9c3ee2b2c472.pdf
Regulatory Filings
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Etherstack plc | London 1[st] Floor, 28 Poland Street London, W1F 8QN UNITED KINGDOM E: [email protected] P : +44 20 7734 0200 F: +44 20 7437 1505
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21[st] September, 2016
ASX Announcement
ETHERSTACK PLC
[ASX:ESK]
("Etherstack" or the "Company")
ETHERSTACK SIGNS USD $2.6 MILLION 5 YEAR SUPPORT AGREEMENT
Etherstack plc, the specialist in wireless communications technologies, is pleased to announce that its Australian subsidiary has signed a new USD $2.6 million (AUD $3.4 million) contract with Ergon Energy providing support services to their P25 digital radio network over the next 5 years.
The network was designed, manufactured and deployed by Etherstack in 2011 and is one of numerous large scale electric utility and public safety radio networks that the company has deployed and supports around the world.
Etherstack is currently deploying a 13-county network for Jersey Central Power & Light (JCP&L) in New Jersey, USA of a similar type to the Ergon Energy solution which was commissioned in 2011. The JCP&L deal was previously announced on the ASX in April 2016 and the delivery of that network is well advanced.
David Deacon, Etherstack plc CEO, said: “The deployment of these networks typically incorporate long term support agreements over the operational life of the networks which often exceed 15 years in length. As Etherstack establishes more mission critical radio networks globally, recurring revenues through support and maintenance agreements increase with the expanding customer base”.
“The Ergon network is one of the largest and most advanced digital radio networks in Australia and has operated very successfully since commissioning in 2011.Etherstack has supported the network from the start, through floods and cyclones, and we are very pleased to be continuing to support our customer over the next 5 years. “
Enquiries
Etherstack David Carter, Chief Financial Officer T: +61 2 8399 7500 www.etherstack.com
Media: Walbrook Investor Relations Mr. Ben Knowles T: +61 426 277 760 [email protected]
About Etherstack plc (ASX:ESK):
Etherstack is a wireless technology company specialising in developing, manufacturing and licensing mission critical radio technologies for wireless equipment manufacturers and network operators around the globe. With a particular focus in the public safety, defence, utilities, transportation and resource sectors, Etherstack's technology and solutions can be found in radio communications equipment used in the most demanding situations. The company has R&D facilities in London, Sydney, New York and Yokohama.
English Registered Company No. 7951056 | ARBN 156 640 532
Sydney Yokohama New York +61 2 8399 7500 +81 45 342 9050 +1 917 661 4110 [email protected] [email protected] [email protected]