Etherstack said it had landed a “global teaming agreement” with Samsung to “deliver mission critical push-to-talk (MCPTT) technology over long-term evolution (LTE) solutions to telecommunications carriers and governments across the globe”.
Its shares skyrocketed from 18 cents and went as high as $2, before closing at $1.64, up about 1360 per cent.“We recognised Etherstack’s unique technologies and experience in the global LMR market, so they were the obvious choice to partner with in the MCPTT market,” Samsung Electronics’ Senior Vice President and Head of Product Strategy, Networks Business Wonil Roh said as quoted in Etherstack’s press release.“Etherstack’s global footprint in mission critical markets and innovative technologies, as well as its commitment to open standards, will allow us to deliver premier solutions to the world’s mobile carriers for MCPTT.”
HTG has all the potential for great partnerships in all areas - if they close them then expect multiples on current SP as evidenced by the example above
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