RE: 500% rise to 0.1p only and only £5mcap at 0.1p. Debt free.20 Jun 2025 12:14
Contracts due next - how about next week.
Aerospace or one of these
The Company continues to make progress with its commercial strategy, including its FPGA-based UEP solution for both the Wireless and PON markets, as well as well as the development of its planned ASIC business.
1.
On 13 March 2025, the Company announced that it anticipated an extension to the project and we are now pleased to confirm that the licensing deal with the Customer has been extended by an additional $290,000, bringing the total contract value to $1.34 million. The additional work will be dedicated to the development of additional functionalities beyond the original scope of the project, with implementation anticipated over the next three months.
The Company anticipates further revenue from the Customer during H2 2025.
2.
The Company is currently in discussions at varying levels of advancement with four leading Western wireless vendors, collectively representing roughly half of the global wireless backhaul market, that have expressed an interest in this ASSP solution, where the aggregate volume from the four vendors could potentially generate a business volume of up to 400,000 units per year.
Whilst no formal agreements have been entered into to date, the Directors consider that Ethernity is making promising progress with one of the wireless vendors. Ethernity estimates that the value to a wireless vendor of Ethernity's existing FPGA based UEP-2025 offering is between $16 million to $25 million compared to developing the ASIC solution from scratch and therefore believes that it can offer significant value to these vendors. Based on valid quotes received from different sources, the Company estimates that the cost of conversion of the UEP-2025 code into an ASIC would be approximately US$16 million, which would need to be co-funded by a partner and Ethernity. Whilst there can be no guarantees that these discussions will lead to signed contracts, the Directors see a clear path toward securing a multi-million-dollar business opportunity as a semiconductor provider, subject to being able to secure the required funding.
In addition to its wireless market offering, the Company plans to integrate its PON technology, operated in conjunction with the well-known Virtual OLT open-source NOS, into an ASIC, targeting an additional market segment of approximately 400,000 devices per year. This strategic expansion could significantly enhance the overall business potential.
3.
The Company held pre-scheduled meetings with several leading PON vendors at the ANGA COM fibre access exhibition and conference in Cologne, Germany last week, and is pleased to report promising levels of interest in Ethernity's planned ASSP offering. Based on these discussions, the Directors of Ethernity believe this engagement could lead to near-term orders for the Company's existing integrated FPGA-based UEP solution, and lead to longer term adoption of Ethernity's
