The Company is pleased to report that its subsidiary Etherstack Pty Ltd has entered into a technology licensing contract with the Australian Department of Defence to supply Etherstack technology and associated delivery services to the Commonwealth of Australia.
The initial stage of multiple proposed work packages is worth A$4.1m, 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.
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