US$1.2m Deal for Samsung Integration Activities
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.
About Etherstack Plc
Etherstack (ASX:ESK) 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 Research and Development facilities in London, Sydney, New York and Yokohama.