Ethernity's ENET FPGA SoC Re-Selected for Second-Gen 5G Product

Rhea-AI Summary

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.

Positive

• Follow-on contract for second-generation 5G product demonstrates customer confidence.
• Successful deployment of first-generation product indicates strong market demand.
• Development completion anticipated in H1 2023, allowing for timely market entry.

Negative

• None.

Key component in widespread deployment of first-generation products, leading to follow-on deal

AIRPORT CITY, Israel, Nov. 16, 2022 /PRNewswire/ -- Ethernity Networks (AIM: ENET.L) (OTCQB: ENETF), a leading supplier of data processing semiconductor technology for virtualized networking appliances, announced today that its existing American OEM customer has selected Ethernity's data processing system-on-chip (SoC) for its second-generation wireless base station node product.

Following the successful widespread deployment of the customer's first-generation product, the customer has contracted with Ethernity to provide complete IP networking functionality, including critical traffic management features, for a double-capacity second-generation Fixed Wireless Access base station node product. Ethernity will incorporate its technology on newer FPGAs, with development anticipated to be completed during H1 2023.

Ethernity has provided the customer its unique silicon-tuned software, which, thanks to the efficiency of the SoC's design, fits into low-cost FPGAs. Working in concert with the customer's radio technology in its tower-installed base nodes, the Ethernity SoC provides key aspects of the 5G product, including advanced networking functions, traffic control, and management.

David Levi, CEO, Ethernity Networks said: "I am pleased to see extensive growth in our customer's business and their successful deployment based on our data processing SoC. We are extremely satisfied that the successful support we have provided to this customer over five years has led to widespread successful deployment, and that our role as a key element in the offering led to the selection of our data processing technology for the second-gen 5G product. The opportunity to continue working with the customer demonstrates the value and importance of our collaboration with our customers. This is the second follow-on contract for Ethernity in recent weeks, cementing the industry's opinion that we are a trusted partner providing efficient, cost-effective, and reliable solutions for 5G and broadband."

About Ethernity Networks
Ethernity Networks (AIM: ENET.L)(OTCQB: ENETF) 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 NFV.

Investor Relations contact:  Jonathan Paterson 
Email: jonathan.paterson@harbor-access.com Tel: +1-475-477-9401

Media and Analyst contact: Kevin Tanzillo
Email: media@ethernitynet.com Tel: +1-903-865-1078   

View original content:https://www.prnewswire.com/news-releases/ethernitys-enet-fpga-soc-re-selected-for-second-gen-5g-product-301680208.html

SOURCE Ethernity Networks

FAQ

What is Ethernity Networks' recent contract about?

Ethernity Networks secured a follow-on contract for its data processing SoC for a second-generation wireless base station, enhancing 5G capabilities.

When is the new product development expected to be completed?

Development of the second-generation product is anticipated to be completed in H1 2023.

What does this contract mean for Ethernity Networks?

The contract signifies strong customer confidence and market demand for Ethernity's technology in enhancing 5G applications.

What products are involved in Ethernity's recent announcement?

The announcement involves a data processing system-on-chip and a second-generation Fixed Wireless Access base station node.

What is the significance of Ethernity's collaboration with its customer?

The collaboration highlights Ethernity's position as a trusted partner, crucial for developing efficient and cost-effective 5G solutions.