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ETHERSTACK PLC — Regulatory Filings 2021
May 25, 2021
64877_rns_2021-05-25_e0d23d51-f70f-404f-a6c7-d0eab2d43e9c.pdf
Regulatory Filings
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Etherstack plc | Sydney (GMT+10) 93A Shepherd Street Chippendale, NSW 2008 Australia Email :[email protected] P : +61 2 8399 7500 F : +61 2 8399 7507
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26th May 2021
ASX Announcement
ETHERSTACK PLC [ASX:ESK]
("Etherstack" or the "Company")
New Australian Government Contract
Etherstack plc is pleased to announce its Australian subsidiary, Auria Wireless Pty Limited, has entered a contract valued at A$515,000 (~USD$400,000) with the Commonwealth of Australia, represented by the Department of Home Affairs, to supply the Company’s technology and associated delivery services to the Commonwealth.
The order represents Etherstack’s first contract with the Department of Home Affairs. Revenue associated with this contract will be fully recognised this financial year (year ending 31 Dec 2021), and management expects that the Company will see additional revenues connected to this award in future periods, including additional products and ongoing annual support revenues, as is typical with such solution deliveries.
The total value of announced contracts with the Commonwealth of Australia for the Company’s products and services within the last 6 months is now approximately A$5m.
This is the sixth contract in 12 months that Etherstack has been awarded by federal departments in Australia, Canada and the US.
Authorised for release by David Carter, Company Secretary
Enquiries
Etherstack Media: Walbrook Investor Relations David Carter, Chief Financial Officer Mr. Ben Knowles T: +61 2 8399 7500 T: +61 426 277 760 www.etherstack.com [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.
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English Registered Company No. 7951056 | ARBN 156 640 532
London (GMT) P : +44 207 734 0200 [email protected]
Yokohama (GMT +9) P : +81 45 342 9050 [email protected]
New York (GMT-5) P : +1 917 661 4110 [email protected]