Key highlights
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Follow-on contract to the first stage Australian Defence contract announced in December 2020
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Revenue of A$1.7 million will be earned over FY 2022 and 2023 under the new contract
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Etherstack providing defence communications technology and services
Etherstack plc (ASX:ESK) is pleased to announce that its subsidiary Etherstack Pty Ltd has entered into a second technology licencing agreement with the Commonwealth of Australia to supply Etherstack technology, services, and third-party equipment to the Australian Department of Defence.
This contract is a follow-on order to the initial A$4.1 million project announced on 7 December 2020. This second stage of the program is A$1.7 million, with the majority of revenue to be recognised over FY 2022 and 2023.
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