- Etherstack has received a $950,000 order from an Australian energy company
- Through the new contract, Etherstack will deploy radio equipment and software to 18 new sites
- This will connect a radio network made up of over 100 sites
- Etherstack shares remained flat today, consistently trading at 26 cents each
Wireless tech company Etherstack has received a $950,000 order from an Australian energy company.
The order will see Etherstack’s equipment and software deployed in 18 new sites to support the contractor’s digital radio network.
While Etherstack didn’t name the contractor, it said the requirements of the contract are expected to be carried out quickly enough that the $950,000 will be delivered and recognised as revenue in the current financial year.
Etherstack CEO David Deacon said the order is a display of confidence in the company’s products.
“Network expansion orders such as this continues to demonstrate our customers’ ongoing confidence in our digital radio network solutions and our commitment to product support,” David said.
The radio network for which Etherstack will support through the contract is made up of over 100 digital trunked radio network sites.
Etherstack specialises in radio technology for wireless equipment manufacturers and network operators around the globe. The company has a broad focus on the public safety, defence, utilities, transportation, and resources sectors.
According to the company, the tech required for modern radio communications is increasingly extensive and complex. As such, the company’s engineers combine software design with embedded hardware to offer unique solutions for complex problems.
Etherstack has research and development facilities in key cities worldwide, including London, Sydney, New York, and Yokohama.
Etherstack shares remained flat today, consistently trading at 26 cents per share in a $29.04 million market cap.