REG - Ethernity Networks - Expansion with US Defence & Aerospace Customer

Ethernity NetworksAnnouncement

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RNS Number : 9605X  Ethernity Networks Ltd  25 March 2026

25 March 2026

 

Ethernity Networks Ltd

("Ethernity" or the "Company")

 

Expansion with U.S. Tier-1 Defence & Aerospace Customer

 

Ethernity Networks Limited (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier
of data processing semiconductor technology for networking appliances and PON,
provides an update on its engagement with its Tier-1 U.S. defence and
aerospace customer (the "Customer").

 

Following completion of the original $1.3 million single-platform licence
agreement (as announced on 28 March 2025) in August 2025, the Company has
continued to generate revenue through product enhancement work for the
Customer during the remainer of 2025.

 

During Q1 2026, Ethernity has recognised $0.2 million in revenue from this
programme. Based on the agreed development roadmap, the Company expects
enhancement-related revenue from this Customer to be in the range of $0.8
million to $1.0 million for FY2026, providing increased visibility on
near-term revenues.

 

In addition, the Customer has commenced shipments of its platform
incorporating Ethernity's IP and is evaluating expansion to an additional
platform. While discussions are ongoing, any additional licence agreement
would represent incremental revenue beyond amounts set out above.

 

The Company continues to work closely with the Customer on a phased
enhancement programme throughout 2026.

 

David Levi, CEO, commented:

"This Tier-1 Customer continues to provide both near-term revenue visibility
and potential for further platform expansion. The progression from initial
deployment to ongoing enhancement work supports our strategy of deepening
engagements with high-value customers."

 

For further information, please contact:

 

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

 Tomer Assis, Chief Financial Officer

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

 Amrit Nahal (Sales and Corporate Broking)

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

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

 

About Ethernity Networks

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF) provides innovative and
comprehensive networking, security and PON semiconductor technology that
enhances the capacity and efficiency of telco/cloud network infrastructure.
Ethernity's silicon-proven logic provides advanced data processing
functionality for various networking applications, alongside patented wireless
access technology, patented routing technology and passive optical network
(PON) controller. These are complemented by robust control software boasting a
rich set of networking functions. Ethernity's technology adaptable solutions
accelerate time-to-market and facilitate the deployment of 5G services over
both wireless and fiber infrastructure.

 

Forward-looking statements

This document contains forward-looking statements. Those statements reflect
the current opinions, evaluations and estimations of the Company's management,
and are based on the current data regarding the Company's business as is
detailed in this document and in the Company's periodical, interim and
immediate reports. The Company does not undertake any obligation or make any
representation that actual results and events will be in line with those
statements, and stresses that they may differ materially from those
statements, due to changes in the Company's business, market, competition,
demand for the Group's products or services, general economic factors or other
factors that can influence the Company's business and results, due to the risk
factors that are detailed in the Company's communication, and due to
information and factors that are currently unknown to the Company's management
and that, if known, would affect the management's opinions, evaluations or
estimations. The Company will report the actual results and events according
to its legal, accounting and regulatory obligations, and does not undertake
any other obligation to report them or their deviations from the
forward-looking statements.

 

 

 

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