RE: 5g ILF3 Mar 2022 09:18
Sorry had to find it for my own sanity. Hopefully already paid for by an oligarch
Wed, 5th Aug 2020 07:00
RNS Number : 1369V
Ethernity Networks Ltd
05 August 2020
5 August 2020
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Ethernity Networks signs new contract with existing OEM customer
Ethernity Networks (AIM: ENET.L), a leading supplier of networking processing technology ported on FPGA (field programmable gate array) for virtualised networking appliances, announces it has signed a new contract with an existing OEM customer, based in St Petersburg, to upgrade an existing hardware platform with new FPGA-firmware. The hardware will be deployed as an enterprise 1Gbps/10Gbps customer premises equipment (CPE) router appliance supporting tens of thousands of flows with integrated security. The customer plans to deploy these appliances for SD-WAN in schools, hospitals and medical clinics, post offices and social facilities, as well as in state-funded digital development programs.
The agreement provides for stage payments totalling $190,000 on a milestone basis during 2020 and 2021, followed by ongoing product sale revenues anticipated at between $80 to $150 per Ethernity ENET System-on-Chip (SoC). Based on the nature of the appliance as an Enterprise router CPE, pending successful execution the customer anticipates shipment of c. 10,000 units during 2021, which would lead to additional product revenue in excess of $1m to Ethernity.