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Share Price: 0.85

Bid: 0.80

Ask: 0.90

Change: 0.05 (6.25%)

Spread: 0.10 (12.50%)

Open: 0.80

High: 0.85

Low: 0.80

Prev. Close: 0.80

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IN BRIEF: Ethernity enters new distribution deals in Asia

Thu, 20th Jan 2022 14:23

Ethernity Networks Ltd - Israel-based network data processing technology provider - Enters new distribution arrangements for field-programmable gate array hardware systems-on-chips and systems solutions with "leading distribution and semiconductor trading companies" in Taiwanese, South Korean, and Japanese markets. Believes arrangements will lead to new commercial engagements, mostly with original equipment manufacturers in the Asian marketplace.

Ethernity also announces it fulfilled an order from a Tier-1 Japanese OEM for a number of its ACE-NIC100 FPGA SmartNICs, at the end of 2021. It is now working with the manufacturer towards adapting the SmartNIC for their 5G virtualisation environment.

Chief Executive Officer David Levi says the order was "a sign of confidence from the industry of the quality of products being offered by Ethernity."

Current stock price: 35.40 pence, down 3.0% on Thursday

12-month change: up 8.9%

By Elizabeth Winter; elizabethwinter@alliancenews.com

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(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

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20 Oct 2023 09:32

IN BRIEF: Ethernity shares crash as subscription settlement continues

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Receives settlement notice for USD90,000 from 5G Innovation Leaders Fund LLC pursuant to share subscription agreement announced in late February. Says 5G Innovation is entitled to issue settlement notices under the agreement despite notifying Ethernity of an event of default and despite Ethernity's ongoing temporary suspension of proceedings. A court in the Israeli city of Lod granted the suspension order on Monday last week, and a settlement manager was appointed to review Ethernity's short-term budget.

16 Oct 2023 16:13

Ethernity Networks shares fall as suspension lifted

(Alliance News) - Ethernity Networks Ltd shares fell on Monday, after the suspension on its shares was lifted after just two business days.

12 Oct 2023 14:39

IN BRIEF: Ethernity suspended from AIM after "challenging" months

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Announces application to court in Tel Aviv for a temporary suspension of proceedings order and to convene a meeting of creditors. Also announces temporary suspension of shares from trading on AIM, effective Thursday. Says it has faced significant challenges in recent months, including "a significant and unexpected increase in cost and lead-times" of essential components, following a global shortage caused by Covid-19. Several customers also have experienced pandemic-related financial difficulties, making it harder for Ethernity to collect outstanding debts. Ethernity also believes two long-term customers have been violating usage of a licence "for several years" and says it "will be taking steps to claim against this infringement". Says its current cash balance is approximately USD107,000.

20 Sep 2023 14:27

TRADING UPDATES: Dianomi swings to loss; Epwin revenue up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

14 Sep 2023 13:57

IN BRIEF: Ethernity Networks extends share issue date in subscription

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Says current outstanding balance under the share subscription agreement with investor 5G Innovation Leaders Fund is USD1.4 million. Extends the date by which 5G Innovation can request Ethernity shares to be issued until March 3 next year. All other terms remain unchanged and as announced in late February.

31 Aug 2023 14:14

IN BRIEF: Ethernity to move New York shares to Pink Open Market

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Shares will cease trading on the OTCQB Venture Market in New York from Friday, instead trading on the Pink Open Market operated by OTC Markets, also in New York. Says primary listing will remain on AIM in London. Ethernity shares were admitted to trading on OTCQB in September last year, with the company saying it decided to transfer to the Pink Open Market "due to the absence of perceived benefits for Ethernity's shareholders from the OTCQB listing, and the excessive resources it entailed". Says US-based shareholders will, via trading on the Pink Open Market, continue to have access to a platform for trading Ethernity shares.

9 Aug 2023 12:16

IN BRIEF: Ethernity Networks hails progress on delayed contracts

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Provides an update on two contracts previously announced in October 2021, for a wireless backhaul solution, and November 2022, for a broadband wireless access solution. Contracts have a combined value of USD740,000. Company has experienced delays with these contracts, with the customers unable to deliver the required hardware to the company. Says it has now been notified by the two customers that they intend to deliver their prototype hardware during the final quarter of 2023. Once delivery of the hardware has taken place, the company will be able to complete the contracts and invoice for the remaining balance of USD550,000. Contracts are now expected to be fulfilled during the final quarter of 2023 and the first quarter of 2024.

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