Additional information - Samsung Global Teaming Agreement
Sydney, June 30, 2020 AEST (ABN Newswire) - Etherstack (
ASX:ESK) hereby provides additional information in connection with the ASX announcement dated 30 June 2020 titled "Etherstack signs Global Teaming Agreement with Samsung for 4G/5G Public Safety"
1. The Global Teaming agreement sets out the manner in which Etherstack and Samsung collaborate. Etherstack derives revenues from this Global Teaming Agreement in the future when Samsung and Etherstack together supply technology to Samsung's customers.
2. The Global Teaming agreement is expected to have an initial period of 2 years and contains conditions under which the agreement may be extended for a further period of 2 years.
About Etherstack Plc
Etherstack (ASX:ESK) is the world's leading licensor of wireless technologies for the digital LMR industry and the Company develops wireless products for the main digital radio communications standards known as APCO P25, TETRA and DMR. Over the past 25 years, over twenty wireless equipment manufacturers have licensed LMR technologies from Etherstack for use in their products.
MCPTT over LTE is an emerging cellular standard that provides public safety grade PTT (Push-To-Talk) solutions within 4G and 5G cellular networks. Demand for MCPTT services and equipment by telecommunications carriers and end user agencies has been steadily growing in the past few years and is expected to rise rapidly over the next 36-48 months.
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