Etherstack (ASX:ESK) secured a new contract to provide digital radio technology for an unnamed iron ore producer's mine site in Western Australia, according to a Wednesday filing with the Australian bourse.
The revenue from the contract is expected to be recognized in the first half of the fiscal year, the filing said.
Etherstack also expects the contract to provide ongoing support revenue, the filing added.
Shares of the company were up almost 13% at market close Wednesday.
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