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ETHERSTACK PLC — Regulatory Filings 2023
Dec 11, 2023
64877_rns_2023-12-11_24d48032-bb30-4cf6-8288-2de9fe52684d.pdf
Regulatory Filings
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Etherstack plc| Sydney (GMT+10) 64 Rose Street Chippendale, NSW 2008 Australia Email :[email protected] P : +61 2 8399 7500 F : +61 2 8399 7507
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12 December 2023
ASX Announcement
ETHERSTACK PLC
("Etherstack" or the "Company")
US$2.3m North American Equipment Sale
Etherstack plc is pleased to advise the group’s North American subsidiary, Etherstack Inc., has signed a follow on US$2.3m deal to supply further digital radio communications technology to a North American channel partner, Daniels Electronics Ltd, a subsidiary of Codan Limited (ASX:CDA).
This renewal follows on from the US$1.35m deal announced in February 2020. The hardware components of the equipment to be supplied are manufactured in Australia by Etherstack.
The supply contract has an initial 6-year term and has provisions that are expected to generate Etherstack additional licensing and support revenues beyond the baseline US$2.3m. The majority of the baseline revenue will be recognised within the next 18 months.
Etherstack’s CEO, David Deacon, said “We are very pleased to continue our longstanding relationship with one of Codan’s North American business units. This is a good example of co-operation between Australian technology companies in the global market, and we continue to explore other areas of collaboration between the businesses”.
Authorised for release by David Carter
Enquiries
Etherstack Investor Relations: David Carter, Chief Financial Officer Melanie Singh T: +61 2 8399 7500 T: +61 439 748 819 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.
For more information
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Visit our website: www.etherstack.com
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English Registered Company No. 7951056 | ARBN 156 640 532
London (GMT)
Yokohama (GMT +9) P : +81 45 342 9050 [email protected]
New York (GMT-5) P : +1 917 661 4110 [email protected]
P : +44 207 734 0200 [email protected]