RCS - Ethernity Networks - UEP2025 Progress Update

Ethernity NetworksAnnouncement

28/11/2022 08:15

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RNS Number : 6794H  Ethernity Networks Ltd  28 November 2022

Reach - non-regulatory announcement

 

28 November 2022

 

ETHERNITY NETWORKS LIMITED

("Ethernity" or the "Company")

 

UEP2025 Progress Update

 

Ethernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data
processing semiconductor technology for virtualized networking appliances,
announces that the Company has delivered its UEP2025 platform to a customer,
an existing prominent microwave wireless OEM customer (the "Customer"),
following the receipt of a purchase order.

 

Ethernity's UEP2025 supports Carrier Ethernet functionality, clock sync,
security, and the Company's patented link bonding over a combination of wired
or wireless links over any vendor's radio units (vendor agnostic). It is
expected to serve as an ideal disaggregated, all-in-one, wireless backhaul
Indoor Unit in an especially low-space, low-power enclosure, and will
facilitate 5G infrastructure deployment by offering higher bandwidth
transport, faster time-to-market, and lower cost to deploy.

 

In parallel to the Customer's design of a customised integrated radio system
based on Ethernity's ENET 4840 SoC with support for 2.5Gbps wireless links
bonding (as announced on 12 October 2021), Ethernity and the Customer have
engaged in plans to sell the UEP2025 indoor unit as a complete system,
delivered by Ethernity to North American wireless internet service providers
("WISPs") via the Customer's large sales organisation in the United States. To
this end, the Customer will now engage in the integration of their management
software with the UEP2025.

 

The Customer has indicated to Ethernity that it expects WISPs to find the
product attractive due to its ability to transmit higher throughput over
E-Band 10Gbps radio ports, while utilising existing microwave links as backup
for continuous service. The Customer also believes that using programmable
hardware will enable them, with support from Ethernity, to position the
product as a single platform that will support various protocols and
transmission options.

 

This specific order delivered is not material in value, however it represents
an important milestone for the UEP2025. The Company believes there to be
significant anticipated future commercial prospects for the product.

 

For more information on the UEP2025 platform, please see the Company's website
at:

 

www.ethernitynet.com/products/enet-network-appliances/uep2025-family/
(http://www.ethernitynet.com/products/enet-network-appliances/uep2025-family/)

 

 

About Ethernity Networks

 

Ethernity Networks (https://www.ethernitynet.com) (AIM: ENET.L; OTCQB: ENETF)
provides innovative, comprehensive networking and security solutions on
programmable hardware for accelerating telco/cloud networks. Ethernity's
semiconductor logic offers complete Carrier Ethernet Switch Router data plane
processing and control software with a rich set of networking features, robust
security, and a wide range of virtual function accelerations to optimize
telecommunications networks. Ethernity's complete solutions quickly adapt to
customers' changing needs, improving time-to-market, and facilitating the
deployment of 5G, edge computing, and NFV.

 

 

For further information, please contact:

 

 Ethernity Networks Ltd                                            Tel: +972 8 915 0392
 David Levi, Chief Executive Officer
 Mark Reichenberg, Chief Financial Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)      Tel: +44 (0)20 3328 5656
 James Reeve / Piers Shimwell (Corporate Finance)

 Amrit Nahal (Sales and Corporate Broking)

 Peterhouse Capital Limited (Joint Broker)                         Tel: +44 (0)20 7562 0930
 Lucy Williams / Duncan Vasey / Eran Zucker

 Harbor Access Inc (US Investor Relations)                         Tel: +1 (475) 477 9401

 Jonathan Paterson

 

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