menu
  • Home
  • Categories
    • Video
    • Events
    • Podcasts
    • Business Intelligence
    • Digital
    • Innovation
    • Investment
    • Mobile
    • Startups
    • Technology
    • TI Magazines
  • Coworking Spaces
  • Subscribe
  • Submit Content
    • Submit an Article or Video
    • Coworking Listing Request
  • About
    • Past Editions
  • Advertise
  • Contact
search
close

TechInvest Magazine Online

Technology Investment News

search

Main Menu

  • Home
  • Categories
    • Video
    • Events
    • Podcasts
    • Business Intelligence
    • Digital
    • Innovation
    • Investment
    • Mobile
    • Startups
    • Technology
    • TI Magazines
  • Coworking Spaces
  • Subscribe
  • Submit Content
    • Submit an Article or Video
    • Coworking Listing Request
  • About
    • Past Editions
  • Advertise
  • Contact

Follow TechInvest

Categories

  • Video
  • Work Spaces
  • Events
  • Podcasts
  • Business Intelligence
  • Data
  • Digital
  • Finance
  • Gaming
  • Innovation
  • Investment
  • Mobile
  • Social
  • Startups
  • Technology
menu

TechInvest Magazine Online

TechInvest Magazine Online

Technology Investment News

  • Home
  • Categories
    • Video
    • Events
    • Podcasts
    • Business Intelligence
    • Digital
    • Innovation
    • Investment
    • Mobile
    • Startups
    • Technology
    • TI Magazines
  • Coworking Spaces
  • Subscribe
  • Submit Content
    • Submit an Article or Video
    • Coworking Listing Request
  • About
    • Past Editions
  • Advertise
  • Contact

Etherstack signs $4.1m Australian Defence contract

December 8, 2020 by Staff Writers

Etherstack plc’s (ASX:ESK) subsidiary Etherstack Pty Ltd has entered into a technology licensing contract with the Australian Department of Defence to supply its technology and associated delivery services to the Commonwealth of Australia.

The initial stage of multiple proposed work packages is worth A$4.1 million, with the majority of this revenue to be recognised in FY2021. A modest contribution to the current financial year (ending 31st December 2020) is expected.

Anna Squires, Director of Etherstack’s Waveforms Division, said,management expects that further work packages will be contracted based on performance of the initial work package, but that these future packages cannot be guaranteed.

Etherstack has supplied technologies and services to allied defence organisations and radio manufacturers in Europe and North America for almost two decades,” Ms Squires said.

“This Australian programme is a significant step towards a long-term relationship with the Australian Defence Force.”

Etherstack CEO, David Deacon, said the programme builds upon existing Etherstack technology and creates a significant Australian export opportunity to both other nations and international military equipment manufacturers.

“The supplied solution is repeatable and the first of its kind that will be compliant to a specific military standard,” Mr Deacon said.

“Etherstack expects interest from existing and new radio manufacturer customers internationally, as well as other nations, and will attempt to rapidly capitalise through licensing the solution to other countries. We have a proven track record of engaging and contracting with this customer base.”

Etherstack 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.

https://www.etherstack.com/anz/

Tweet
Pin
Share
0 Shares

Filed Under: Business Intelligence Innovation

You may also like

Mar 31, 2023 Business Intelligence Featured Investment

Janison receives support from University of Sydney to raise awareness of ICAS brand

Janison Education Group Limited (ASX: JAN) has entered into an agreement with the University of … (more...)

Mar 31, 2023 Business Intelligence Investment

HealthCo in transformative Healthscope portfolio acquisition

HealthCo Healthcare & Wellness REIT (ASX: HCW) has entered into arrangements alongside a newly … (more...)

Mar 31, 2023 Data Digital Innovation Investment Technology

NetApp’s 2023 Cloud Complexity Report highlights the shifting demands of a multicloud environment

NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, has released the 2023 … (more...)

About TechInvest

TechInvest Magazine is an online and quarterly print magazine published by Metrix Publishing and distributed as an insert in the Australian Financial Review nationally.

About Metrix Publishing

Metrix Publishing delivers quality information to the professional business community via print and digital news publications.

Follow TechInvest Online

View our Privacy Policy

Copyright ©2023 TechInvest Magazine Online · Metrix Publishing · Privacy Policy · Website by Oracle Digital