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Etherstack (ASX:ESK) - CEO, David Deacon - The Market Herald
CEO, David Deacon
Source: PPR Australia
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  • 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
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