Etherstack Secures $1.2 Million Contract with AT&T for Wireless Network Equipment

January 22, 2025 12:13 PM AEDT | By Team Kalkine Media

Etherstack Secures $1.2 Million Contract with AT&T for Wireless Network Equipment — Image source: Shutterstock

Building on FirstNet Success

This latest contract is part of Etherstack’s ongoing collaboration with AT&T on its FirstNet project, the largest mission-critical push-to-talk (MCPTT) initiative in the world. Since 2021, Etherstack has supported FirstNet, which aims to provide reliable and secure communications for first responders across the United States.

Etherstack’s CEO, David Deacon, highlighted the significance of this new contract, stating:

“This direct award with AT&T for one of our innovative products in a rapidly evolving public communications product area is testament to Etherstack’s capability in building the best products for the world’s largest telco operators and switch vendors. We look forward to updating our shareholders in the near future with further good news.”

Revenue Impact

The US$1.2 million contract is expected to be fully recognized as revenue during the current financial year, boosting Etherstack’s financial outlook. This development underscores the company’s ability to secure high-profile contracts and strengthen its position in the public communications technology sector.

Market Response

Investors reacted positively to the news, with Etherstack’s share price rising 5% to 29 cents on January 22, 2025.

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