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:
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Ethernity Networks Ltd
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Tel: +972 3 748 9846
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David Levi, Chief Executive
Officer
Ayala Deutsch, Chief Financial
Officer
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Allenby Capital Limited (Nominated Adviser and Joint Broker)
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Tel: +44 (0)20 3328 5656
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James Reeve / Piers Shimwell
(Corporate Finance)
Amrit Nahal / Stefano Aquilino
(Sales and Corporate Broking)
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CMC
Markets UK plc (Joint Broker)
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Tel: +44 (0)20 3003 8632
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Douglas Crippen
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Peterhouse Capital Limited (Joint Broker)
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Tel: +44 (0)20 7562 0930
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Lucy Williams / Duncan Vasey / Eran
Zucker
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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.