Total
0
Shares
Etherstack (ASX:ESK) - CEO, David Deacon
CEO, David Deacon
Source: PPR Australia
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Etherstack (ESK) was up more than 1300 per cent today after announcing a partnership with Samsung
  • The two-year agreement with Samsung will allow first responders such as police, ambulance, and fire officers to access public safety communications
  • Under the partnership, ESK wireless technology company will deliver its Mission Critical Push To Talk technology over long-term evolution solutions to governments and telecommunications carriers all over the world
  • Etherstack is up 1358 per cent at market close, with shares last trading for $1.75 cents each

Etherstack (ESK) was up more than 1300 per cent today after announcing a partnership with Samsung.

The wireless technology company will deliver its Mission Critical Push To Talk (MCPTT) technology over long-term evolution (LTE) solutions to governments and telecommunications carriers spanning across the world.

MCPTT over LTE provides public safety push-to-talk (PTT) solutions within 4G and 5G cellular networks.

Demand for MCPTT has grown steadily over the past few years, and the increase is expected to continue for the next two years.

“We recognised Etherstack’s unique technologies and experience in the global LMR (land mobile radio) market, so they were the obvious choice to partner within the MCPTT market,” Samsung’s Senior Vice President and Head of Product Strategy, Networks Business Wonil Roh said.

“Etherstack’s global footprint in mission-critical markets and innovative technologies, as well as its commitment to open standards, will allow us to deliver premier solutions to the world’s mobile carriers for MCPTT,” he added.

The two-year agreement will allow first responders such as police, ambulance, and fire officers to access public safety communications.

Etherstack provides wireless technologies to the LMR industry, and over the past 25 years, more than 20 wireless equipment manufacturers have licensed these technologies for use.

“Etherstack has been quietly working with Samsung over the past twelve months, developing secure and efficient solutions to integrate public safety networks used by first responders to next-generation cellular networks,” Etherstack CEO David Deacon said.

Etherstack is up 1358 per cent at market close, with shares last trading for $1.75 cents each.

ESK by the numbers
More From The Market Herald
Beam Communications (ASX:BCC) - CEO, Michael Capocchi

" Beam Communications (ASX:BCC) raises $5m for ZOLEO

Communications equipment company Beam Communications (BCC) has successfully completed its share placement and raised $5 million.
Swoop (ASX:SWP) - Non Executive Chairman, James Spenceley

" Swoop (ASX:SWP) to acquire VoiceHub for $6m

Network services provider Swoop (SWP) is set to acquire Sydney-based wholesale voice service provider VoiceHub for $6 million.
Aussie Broadband (ASX:ABB) - Managing Director, Phillip Britt

" Aussie Broadband (ASX:ABB) confirms takeover talks with Over The Wire (ASX:OTW)

In response to an article by The Australian, Aussie Broadband (ABB) has confirmed it is in discussions with Over The Wire (OTW) regarding
Spirit Technology Solutions (ASX:ST1) - Managing Director, Sol Lukatsky

" Spirit Technology Solutions (ASX:ST1) reports slow start to FY22

Spirit Technology Solutions (ST1) reported a slow start to FY22, bringing in $30.9 million in revenue, compared to $34.2 million during the previous...