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ETHERSTACK PLC — Regulatory Filings 2021
Feb 17, 2021
64877_rns_2021-02-17_c2313942-80a8-406f-a282-baa4b73208d1.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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18 February 2021
ASX Announcement
ETHERSTACK PLC [ASX:ESK]
("Etherstack" or the "Company")
Etherstack signs US$1.2m deal for Samsung integration activities
The Company reports that its subsidiary, Etherstack Wireless Ltd, will provide Samsung a license to existing technology for the purposes of assisting integration of the joint solution aimed at the telecommunications carrier market, as previously disclosed in the Global Teaming Agreement announcement in June 2020.
This initial US$1.2m license does not represent a sale of the solution to an end carrier customer, but instead is related to ongoing development and integration activities between the companies.
The companies are currently working on multiple carrier pursuits, and it is expected that initial carrier sales will occur during calendar 2021. These deals, subject to signing, would trigger additional license and support revenues and will be announced at that time.
Authorised for release by David Carter
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]