REG - Ethernity Networks - $200,000 product enhancement order

Ethernity NetworksAnnouncement

13/08/2024 07:00

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RNS Number : 1600A  Ethernity Networks Ltd  13 August 2024

13 August 2024

 

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

 

$200,000 Product Enhancement Order from leading US-based Broadband System
Provider

 

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data
processing semiconductor technology for networking appliances and fiber access
controller for PON networks, is pleased to announce that it has received a new
$200,000 product enhancement order from one of its existing customers, a
leading US-based broadband system provider (the "Customer").

 

Highlights:

 

·      $200,000 product enhancement order for the Customer's Remote PON
OLT hardened platform; and

 

·      the enhancements are based on existing ENET data processing
technology, and will be integrated into the Customer's existing product during
H2 2024.

 

This order represents a further development of the relationship with an
existing leading US-based broadband system provider, following the successful
rollout of the Customer's Remote 10G OLT product. The Customer initially
engaged with Ethernity in 2018 and has since deployed thousands of Remote 10G
PON OLTs embedded with the ENET data processor semiconductor technology. This
new product enhancement order underscores the value the Customer sees in
Ethernity's innovation and technology, and the unique functionality delivered
by Ethernity over the years, allowing the Customer to offer value-added
services for the broadband market.

 

The product enhancements are expected to help the Customer secure further
orders for the Remote 10G PON OLT product, which would result in additional
income for the Company in the coming years.

 

David Levi, CEO of Ethernity, said: "Over the last few months the Company has
provided the Customer with intensive support and proved once again that we are
a trustworthy partner. We are pleased to have received this new product
enhancement order, which will help maintain the Customer's leading position in
the Remote 10G OLT market, and win new business. This order confirms that our
silicon-tuned data processing technology offers tremendous value to the market
and provides significant differentiation for the Customer's product."

 

For further information, please contact:

 

 Ethernity Networks Ltd                                         Tel: +972 3 748 9846
 David Levi, Chief Executive Officer

 Ayala Deutsch, 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 / Stefano Aquilino (Sales and Corporate Broking)

 CMC Markets UK plc (Joint Broker)                              Tel: +44 (0)20 3003 8632
 Douglas Crippen

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

 

 

 

About Ethernity (www.ethernitynet.com)

 

Ethernity Networks (AIM: ENET.L) 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
Broadband Networks.

 

 

 

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