o Strategic business development: in the half year, and up to the date of this report, the Group:
- Continued to pursue and develop opportunities for our MCX IWF product in conjunction with Samsung including the second MCX-IWF licence transaction announced
- Continued to pursue and develop opportunities within the Australian defence sector. Activity has commenced on the follow-on project for the Defence project announced on
- Continued to pursue and develop opportunities in the digital land mobile radio sector. Collectively, resource projects in this sector contributed more than
- Awarded contracts by new public safety agency clients in
o Secured medium term funding: a funding agreement was completed with
"Our primary focus in three related market verticals, digital mobile radio, mission critical push to talk over cellular and defence communications is progressing well with material advances in all areas. The headline revenue number for the half does not reflect the underlying health and achievements of the business during the period. Due to an end customer project timing issue beyond Etherstack's control, the company was unable to deliver key milestones during H1. These milestones are expected to be delivered in H2 and form the basis of our full year guidance as recently advised to the market.
*To view the full half yearly report, please visit:
https://abnnewswire.net/lnk/K9Y8U664
About
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.
Contact:
Chief Financial Officer
T: +61 2 8399 7500
www.etherstack.com
Investor Relations
T: +61 439 748 819
melanie@nwrcommunications.com.au
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