REG - Ethernity Networks - Update on progress with PON strategy

Ethernity NetworksAnnouncement

Tue 07:00

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RNS Number : 0874M  Ethernity Networks Ltd  10 June 2025

10 June 2025

 

 

ETHERNITY NETWORKS LIMITED

("Ethernity" or the "Company")

 

Update on progress with short-and long-term PON strategy

 

Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of
data processing and Passive Optical Network ("PON") semiconductor technology
for networking appliances, provides a progress update on its near and
long-term term strategy further to its announcement of 1 May 2025 (the
"Fundraise Announcement").

 

PON functionality is crucial for Fibre-To-The-Premises ("FTTP") deployments
because it provides a cost effective and scalable way to deliver high-speed
internet to multiple users from a single central point fibre.  As highlighted
in the Fundraise Announcement, the Company believes that the inclusion of PON
functionality in its planned Application-Specific Standard Product ("ASSP")
solution that will be available for the global Mobile, Access and Broadband
market industry, will significantly strengthen Ethernity's ability to
re-engage with OEMs, for the sale of its existing integrated FPGA-based UEP
solution for the PON market, since Ethernity's FPGA-based PON solution offers
a strategic bridge to the planned ASSP solution unlocking immediate revenue
potential and early customer engagement.

It enables OEMs to begin integration and deployment today, without waiting for
ASIC silicon availability, while validating use cases and reducing risk ahead
of ASIC rollout. This early adoption should build market traction and
strengthen strategic relationships, as well as ensure a smooth migration path
to the high-volume ASIC in due course.

 

By capturing near-term opportunities and reducing time to market, Ethernity
hopes to be able to demonstrate its ability to monetize the PON offering while
laying the groundwork for scalable, long-term growth through conversion of the
deployed FPGA design into a commercial ASSP.

 

The Company held pre-scheduled meetings with several leading PON vendors at
the ANGA COM fibre access exhibition and conference in Cologne, Germany last
week, and is pleased to report promising levels of interest in Ethernity's
planned ASSP offering. Based on these discussions, the Directors of Ethernity
believe this engagement could lead to near-term orders for the Company's
existing integrated FPGA-based UEP solution, and lead to longer term adoption
of Ethernity's forthcoming ASSP once available.

 

The addition of PON functionality positions Ethernity to address a wide range
of vertical markets, including:

 

·      wireless backhaul, utilizing the Company's patented Layer-1
wireless link bonding technology;

·      carrier ethernet switch/router applications; and

·      remote and centralized PON OLT deployments.

 

With ongoing discussions progressing around a potential co-funding arrangement
with a leading wireless backhaul vendor for the planned ASSP development,
including efforts to tailor the business case to align with that vendor's
operational needs, the Company believes this expanded capability further
reinforces its strategic transformation into a semiconductor-focused business
and enhances its positioning across the broadband and access infrastructure
markets.

 

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 / 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

 

 

About Ethernity Networks

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF) provides innovative,
comprehensive networking and security solutions on programmable hardware,
enhancing telco/cloud network infrastructure capacity. Ethernity's
semiconductor logic offers data processing functionality for various
networking applications, alongside patented wireless access technology and
fiber access media controllers, all equipped with control software boasting a
rich set of networking features. Ethernity's solutions swiftly adapt to
customers' evolving needs, accelerating time-to-market and facilitating the
deployment of 5G over wireless and fiber infrastructure.

 

 

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