Etherstack plc announce that its subsidiary Etherstack Pty Ltd. has entered into a second technology Licensing agreement with the Commonwealth of Australia to supply Etherstack technology, services, and third-party equipment to the Australian Department of Defence. This contract is a follow-on order to the initial AUD 4.1 million project announced on 7 December 2020. This second stage of the program is AUD 1.7 million, with the majority of revenue to be recognised over fiscal year 2022 and 2023.

As with the first stage contract, management expects that further work packages will be contracted based on performance of the currently contracted work packages, but advises that future work packages cannot be guaranteed.