Etherstack Awarded First AT&T contract
Sydney, Sep 20, 2021 AEST (ABN Newswire) - Etherstack Plc (ASX:ESK) advises that its US subsidiary, Etherstack Inc., has secured an initial order with AT&T.
The order encompasses the supply of Etherstack software licences and equipment, as well as the provision of associated integration and professional services, combined with a small amount of third party material.
The value of the order is approximately US$420k (~AUD$575k), with the delivery and associated revenue expected to be fully recognised this financial year (ending 31 Dec). The counterparty is AT&T Services, Inc.
Etherstack CEO, Mr David Deacon, said "We are extremely honoured to secure our first direct deal with AT&T. It is a great achievement for Etherstack's team and technology to be able to supply the world's largest and most venerable telecommunications company. We look forward to building a lasting relationship on the back of this initial order".
About Etherstack Plc
Etherstack (ASX:ESK) is the world's leading licensor of wireless technologies for the digital LMR industry and the Company develops wireless products for the main digital radio communications standards known as APCO P25, TETRA and DMR. Over the past 25 years, over twenty wireless equipment manufacturers have licensed LMR technologies from Etherstack for use in their products.
MCPTT over LTE is an emerging cellular standard that provides public safety grade PTT (Push-To-Talk) solutions within 4G and 5G cellular networks. Demand for MCPTT services and equipment by telecommunications carriers and end user agencies has been steadily growing in the past few years and is expected to rise rapidly over the next 36-48 months.