Etherstack (ASX: ESK)
In scenarios where emergency services are critical such as terror attacks, disaster relief and police operations, communication is critical. Yet communication is known to break down in adverse situations.
One ASX junior has the solution to this problem and emergency service workers along with citizens who may find themselves in dire situations, should be breathing a little easier.
Etherstack (ASX:ESK) supplies safety-first communications equipment for system integrators and network operators, with a user base consisting of police, fire, ambulance, utilities, mining and transportation sectors globally.
Now, after a year of consolidation in 2016, it seems contractors in emergency services areas have taken notice of ESK’s communications solutions, helping to put the company back in the black.
ESK revenues grew 169% last year, driven by the combination of new network expansion projects, licence deals and growth in recurring royalty and support revenue payments.
Meanwhile, interest from corporations wanting to exploit its first-in-class technology is growing as ESK also broadens its government customer base in Australia and the US, including its first ever Australian Department of Defence orders.
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So with both corporate and government interest rising and further deals to be signed as 2017 rolls on, ESK is hoping that its continued momentum will have a large impact on its $22 million market cap.