Brief: Etherstack Says US$2.3 Million North American Equipment Sale

Etherstack

12/12/2023 01:09

Dec 12 (Reuters) - Etherstack PLC  ESK.AX :
    * US$2.3 MILLION NORTH AMERICAN EQUIPMENT SALE
    * SUPPLY CONTRACT HAS AN INITIAL 6-YEAR TERM
    * MAJORITY OF BASELINE REVENUE FROM CONTRACT WILL BE
RECOGNISED
WITHIN NEXT 18 MONTHS
    * ETHERSTACK SIGNED A FOLLOW ON US$2.3M DEAL TO SUPPLY
FURTHER
DIGITAL RADIO COMMUNICATIONS TECHNOLOGY TO A DANIELS ELECTRONICS
    * SUPPLY CONTRACT HAS PROVISIONS EXPECTED TO GENERATE
ETHERSTACK
ADDITIONAL LICENSING AND SUPPORT REVENUES BEYOND BASELINE US$2.3
MILLION

Source text for Eikon:  ID:nASX90CrD1 
Further company coverage:  ESK.AX 

 ((Reuters.Briefs@thomsonreuters.com;))