Etherstack Secures First International Defence Deal for NBWF Technology
Key points
- Etherstack Pty Ltd signs first international contract for NBWF technology
- Contract with offshore defence wireless equipment manufacturer
- Potential for future material contract awards
- CEO David Deacon expresses optimism about future prospects
Full summary
Etherstack plc announced that its Australian subsidiary, Etherstack Pty Ltd, has signed its first international contract to supply its NATO Narrowband Waveform technology to an offshore defence wireless equipment manufacturer. The contract is currently under the company's market materiality threshold and is for initial technical evaluation, which may or may not lead to a material future contract award. Etherstack's CEO, David Deacon, highlighted the significance of this achievement for both the company and Australian defence exports.
Outlook
Etherstack is optimistic about future material contract awards following the successful evaluation of its technology.
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