NetComm Wireless Limited (ASX: NTC) has developed a world first product category — a Network Connection Device (NCD) — and secured a large order from its initial customer NBN Co Ltd (nbn), the company building Australia´s broadband network, the company said.
The NCD is a new product category developed for use in global markets and is used in conjunction with NetComm Wireless´ world Distribution Point Unit (DPU).
The initial volume commitment from nbn, which is expected to grow over time, will result in revenues of USD 66 million to NetComm Wireless. Importantly, this represents incremental revenues (above those relating to the Reverse Power Feed only unit) of approximately USD 40 million within a period of 18 months following launch, which is planned for the first half of calendar year 2018.
NetComm Wireless´ NCDs will undergo operational, customer, business and field testing with the nbn prior to the commercial launch.
NetComm Wireless is a developer of Fixed Wireless broadband, wireless M2M/Industrial IoT and Fibre and Cable to the distribution point (FTTdp / CTTdp) technologies that underpin an increasingly connected world. Headquartered in Sydney (Australia), NetComm Wireless has offices in the US, Europe/UK and New Zealand.