US$1.2m Deal for Samsung Integration Activities
Sydney, Feb 18, 2021 AEST (ABN Newswire) - Etherstack Plc (
ASX:ESK) reports that its subsidiary, Etherstack Wireless Ltd, will provide Samsung a license to existing technology for the purposes of assisting integration of the joint solution aimed at the telecommunications carrier market, as previously disclosed in the Global Teaming Agreement announcement in June 2020.
This initial US$1.2m license does not represent a sale of the solution to an end carrier customer, but instead is related to ongoing development and integration activities between the companies.
The companies are currently working on multiple carrier pursuits, and it is expected that initial carrier sales will occur during calendar 2021. These deals, subject to signing, would trigger additional license and support revenues and will be announced at that time.
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.
| ||
|
