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Etherstack (ASX:ESK) launches Narrowband Waveform product for NATO members

ASX News, Technology
ASX:ESK      MCAP $32.26M
20 May 2022 13:58 (AEST)

Etherstack (ESK) has launched its NATO Narrowband Waveform standard waveform software implementation, framework and simulation tools for use by NATO member nations and their defence radio manufacturers.

The product will improve the sovereign communications capability of NATO nations and reduce the cost, effort and complexity for industry to supply interoperable systems to defence, said the company.

The product is strategically significant as a result of the potential revenue opportunity.

While the launch has not yet generated any new customer contracts, future deals are likely to produce material revenues over a typical 10 to 15 year life cycle of a deployment.

Director of Defence and Waveforms Anna Squires said the company has had over 20 years of experience in waveform development for defence and critical communications in the US, Europe, Australasia and Japan.

“We have worked directly with national programs and ported our waveforms to fielded platforms manufactured by North American, Japanese and European defence equipment suppliers.”

Etherstack shares were up 4.82 per cent, trading at 43.5 cents as of 12:10 pm AEST.

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