Etherstack Plc WA Resource Tracking Communication Network Control
Sydney, Australia (ABN Newswire) – Etherstack Plc (ASX:ESK) is pleased to announce that its Australian subsidiary, Auria Wireless Pty Limited (“Auria”), has entered into another contract with communications systems integrator, RCS Telecommunications Pty Ltd, to provide the Company’s P25 digital radio network technology to the end customer, being a major iron ore mining company operating in the Pilbara region of North West Western Australia.
This is in addition to the AU$1 million order announced on April 26, 2022 and is for another mine site in Western Australia. This order will provide the company with additional revenue of A$650,000 in the second half of fiscal 2022. The network deployment is also expected to contribute to additional long-term annual support revenue from financial year 2023.
The order represents the Company’s eighth order for digital radio technology for new mining projects with the End Resources customer. The combined value of these eight orders since May 2020 exceeds AU$3 million and Etherstack management reiterates our expectation of additional orders over the next 12 months for the same end user.
Etherstack CEO David Deacon said, “As noted in previous announcements, our Australian-made P25 network technology has performed extremely well in previous end-customer deployments. We think they appreciate local access to our design, manufacturing and support team.
We have previously highlighted the importance of developing this strategic customer relationship and we are very pleased to be able to announce this new order. »
Deacon continued, “Beyond this positive resource sector news, Etherstack management remains optimistic about the outlook for our telecom operator MCPTX’s business development progress, satellite communications and projects. world-wide government defence.”
About Etherstack Plc:
Etherstack (ASX:ESK) is a wireless technology company specializing in the development, manufacture and licensing of mission-critical radio technologies for wireless equipment manufacturers and network operators worldwide. With a particular focus on the public safety, defense, utility, transportation and resource sectors, Etherstack’s technology and solutions are found in radio communications equipment used in the most demanding situations. The company has research and development facilities in London, Sydney, New York and Yokohama.
David Carter Chief Financial Officer T: +61 2 8399 7500 www.etherstack.com Investor Relations Melanie Singh T: +61 439 748 819 [email protected]