Member Info for Bobat123

Sharecast News) - Data processing and semiconductor technology provider Ethernity Networks updated the market on its $1.05m contract with a tier-one US-based aerospace system products provider on Monday.

The AIM-traded firm said the contract, initially announced on 28 June, would see Ethernity licence its silicon-tuned software to enable specific networking functions on the customer's platform.

It said the project was currently awaiting approval from the US government - a standard requirement for aerospace-related initiatives.

Although there had been an unexpected delay in the approval process, both Ethernity and the customer were reportedly confident that the approval will be granted soon.

In preparation, Ethernity said it had already delivered the initial project milestones, as the deliverables were integral to its UEP switch/router offering and required no special development.

Once the government approval was received, it would trigger an immediate payment of 40% of the contract's total value.

Additionally, Ethernity said its technical teams had been actively working with the customer's personnel, providing training and familiarisation with the technology to ensure a smooth and accelerated development process once the project received the necessary clearance.

Year high 1.65 in July will be taken out

The Company and the Customer remain confident in its imminent approval. In anticipation of this, the Company has already delivered the initial project milestones, as the respective deliverables are an inherent part of Ethernity's UEP Switch/Router offering and do not require special development

No placing required.

Already raised £800000

The Company will use the net proceeds of the Fundraise for general working capital purposes.

Ethernity Networks CEO, David Levi, commented: "We are pleased to announce the successful conclusion of this transaction. We have strong confidence in the Company's future prospects, anticipating a rise in the Company's value as we embark on strategic initiatives."

Moreover, Ethernity's technical teams have been diligently collaborating to train and familiarize the Customer's personnel with the Company's technology, ensuring their readiness to further expedite the development progress once U.S. Government clearance has been granted.

1.8 mill buy printed. Definitely filling orders.

Couple of more buys now printed as sells.

Buys printed as sells. Games getting played here

Impatient peeps selling out. Good luck to them.

A-Labs Finance & Advisory Ltd have added.

More buys than sells and we are in red.

News due anytime

Hopefully News due either this week or next week

Other shares no news and they go over 80%. More buys than sells here. Go figure

Lots of buys printed this morning compared to sells.

No trades today. Advfn showing 250000 sell at 8.19 today. Something not right.

One peep bought 5579759 hour ago and now have sold out on a loss. Mr Warner will be loving this getting their shares on the cheap.

David Horgan, Chairman, commented: "Having met Mr. Warner and his adviser, Clontarf Energy believes that he is a committed, value shareholder who wants to build an interest in a profitable high-grade Lithium business over the long-term. This aligns his interests with those of Clontarf, European offtakers, and the Bolivian people."

From RNs few weeks ago. Hopefully news this coming week.

It is pleasing to announce a 79% uplift to the NAV and we look forward to keeping investors up to date in what is an interesting period of both potential exits in Fund 1 and exciting deployment in Fund 2."

Nicholas Lee, Director of Mindflair, commented:

We look forward to providing a further update when we publish our interim results in the next few weeks."

Mms allowing buys.