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ETHERNITY NETWORKS LTD - ENETF STOCK NEWS

Welcome to our dedicated page for ETHERNITY NETWORKS news (Ticker: ENETF), a resource for investors and traders seeking the latest updates and insights on ETHERNITY NETWORKS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ETHERNITY NETWORKS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Ethernity Networks (AIM: ENET.L; OTCQB: ENETF) announced the launch of its UEP3808 Combo PON OLT, capable of supporting both XGS-PON and GPON optical line termination. The device can operate as a complete OLT or a white box for OEMs, featuring configurations for up to 16 XGS-PON ports and 800Gbps switching capacity. It integrates advanced traffic management and utilizes Ethernity's PON controller semiconductor IP. The UEP3808 can also serve as an aggregator for other units. CEO David Levi expressed confidence in the product's ability to meet the needs of Wireless Internet Service Providers. A demo will occur at WISPAmerica from March 7-9.

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Ethernity Networks (AIM: ENET.L, OTCQB: ENETF) announced a follow-on contract with an existing American OEM customer for its data processing SoC in a second-generation wireless base station node. This follows the successful deployment of the first-generation product. The new agreement aims to enhance capacity and include advanced networking features for 5G applications. Development is expected to conclude in H1 2023. CEO David Levi expressed satisfaction with the collaboration, highlighting the company's position as a trusted partner in the telecom sector.

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Ethernity Networks has secured a $4.6 million follow-on contract with a Chinese broadband OEM, boosting the total contract value for their PON technology to $7.6 million. This contract involves supplying SoC devices for Gigabit Passive Optical Networking (GPON) Optical Line Termination, aimed at enabling Fiber-to-the-Room deployments. This marks the company’s largest single FPGA volume-based contract to date and highlights significant market potential, as indicated by the customer’s plans for increased volumes in the future.

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FAQ

What is the market cap of ETHERNITY NETWORKS (ENETF)?

The market cap of ETHERNITY NETWORKS (ENETF) is approximately 2.0M.
ETHERNITY NETWORKS LTD

OTC:ENETF

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ENETF Stock Data

2.01M
1.14B
9.74%
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