Member Info for gerihatrick

my brief summary...comment welcome..especially from TL. It is a combination of DL interview/marketing video and some other pointers

Conventional NICs pass data to the server where it is processed and data is sent out. This results in slow variable throughput; wastes valuable server CPU cycles; has greater power consumption with overall reduced performance and at greater cost. The ENET router on the FPGA SmartNIc allows the data to bypass the server; this frees up the server for other tasks; latency is minimal; needs reduced power and reduces cost. It is the only NIC with a router on it and is fully patented. It can save up to 80% cost in servers required. It has been optimised for telecoms over 17 years.
5G needs low latency. The ENET NIC has been tested against others and selected as the best option which now leads to field trials in 2021. It can also be used in 4G and can make the transition to 5G when required without significant cost. China are moving to field trials as are Korea. The EU is behind. India has licenced ENET technology where they will use it for 3-4.5G and progress to 5G
There are the monolithic end to end providers Hauwei; Nokia; Ericcson etc as opposed to companies like Fibrehome who will build the best in class solutions for each step of the way. They will use the ENET FPGA SmartNIC for mass deployment. ENET have also incorporated a pay as you go (PAYG) function so that as the use of its tech builds up the return to ENET builds up as well.
Over the last year there has been a transition from “closed” systems to “open” systems so that Open RAN is being increasingly utilised. ENET has always felt that OpenRAN was the way forward and that is now being recognised in the wider market. (This reminds me of the Betamax vs VHS technologies)
Telecoms are the main focus of the business but ENET are signing contracts with aerospace clients. Projected growth of 300% in 2021 excludes any sales of the ACE_NIC. Revenue could grow from $6m to $12m. They are currently advertising for 11 new staff to handle the anticipated workload and the recent fundraising should see them through.
ENET have now issued a marketing video demonstrating all the outlined benefits above. They used Spirent as the measuring body and Spirent use the Calnex technology. Everything they claim is verified in this video utilising the best measurement technology in the marketplace in 5G testing.

This was my Calnex comment in my newsletter last month. I am now preparing my ENET comment in light of events!
Calnex (CLX) bt @ 52.44p now 130p up 108% With funds released from BVC I have been able to ride this wave which has happened very quickly since last month and have now taken 3 steps in it. The first catalyst was reading more on it and what I particularly liked was the background of the CEO Tommy Cook. He is an electrical engineer and was head of R &D at HP’s Agilent testing and measurement division. He knows the business! The interim results on the 27th November were excellent. Revenue up 37%; PBT up 90%; EPS up 91%; cash £4.5m. Then comments like “order intake strong” and “exponential growth of data creation and the migration to cloud and 5G”

Interesting to see that they are using Spirent for the testing process. Spirent are receiving much of their hardware/ software from Calnex, which recently floated in the UK. They are currently supplying over 60 countries in products relevant to 5G testing via Spirent . I hold CLX and considering Spirent as well. I see this demo as another good indicator for ENET, and having watched the interview with DL I have a better understanding of what is being said. All part of the jigsaw and this demo shows the data analysis benefits of the ENET package.

Thanks TL. For most of my audience there is too much information and detail. I am going to leave my note as it is and simply refer anyone interested to lse.co.uk and tell them to read your comments!

Ethernity -my summary for my newsletter out on Saturday. Corrections.amendments welcome esp from you TL! RNS this month. The key points for me are …T/O £2m this year; £6m+ in 2021 “excluding” ACE-NIC business. Of this 60% is already in the bag so 40% to achieve. With increasing demand for 5G globally who knows where this might lead imo. The ACE-NIC 100 has been selected after testing over 2 other fpga based SMART-NIICs. To add to this they are receiving significant interest in it for the 5G Distributed Unit (DU) with embedded virtual router function. (RNS October). They are in multiple interactions with major server vendors and system integrators who anticipate incorporating the FPGA router data plan embedded in the ACE-NIC into their offering. I bought more.

And I bought in after write up in SCSW, I then bought more as the SP rose @ 68p. SCSW then did a further write up last weekend and so I bought more after the results @ 90p. Now I watch closely!

Re CLX. Its main function is to test mobile solutions for global coms. Clients in
Crude BT,China Mobile and NTT. It also assist Ericsson and Nokia and large companies including Facebook, Google, IBM and Walmart. They are benefitting from early stage rollout. They used the IPO funds to reduce debt, hence lowered interest charges. The y have 600 customers in 68 countries and basically assess data speed. Spirent distributes 65% and manufacture is sub contracted to another Scottish company. Growth is predicted @ 15%. Covered by a UK financial newsletter SCSW which is well respected. It has not mentioned ENET yet!

panicattack...both SCSW and Investors Champion plus Hastings on the Michael Walters have all covered it and fortunately I took their advice.

See ADVFN

It had a full write up in SCSW at the weekend and Dr Know summarised the content at 1035 yesterday. Clearly a complete breach of copyright. The article itself was excellent and I feel that has been the catalyst

TL MTI (MWE) have announced today a contract in Russia for radio frequency products -antennae. Could that be in any way related to 5G and ENET. They are both Israeli companies. Or am I just chasing straws with that idea. You do state we are moving from boxes and fibre to the airwaves so could this be part of the jigsaw? I am in the same category as 01234 just trying to get an understanding of the technology involved

The ARR remains unchanged from July and they said it was a key KPI- Havng said that and reading between the lines I think they are expecting further Clareti contracts before the YE>>>I hope so!

This is my final summary which I am sending out this weekend...no further changes!

Europe’s 4 largest operators are calling for open, disaggregated Broadband Network Gateways, something Ethernity has been offering for 2 years already.
The Indian OEM is manufacturing a cell site router appliance for which Ethernity is providing the end-to-end system technology, including (and especially) the virtual Router software on FPGA. This has relevant applications in both 3-4.5G and 5G.
A US fund-5G Innovation Leaders Fund will invest up to £3.2m with an initial £500k and then on going tranches at 6 monthly intervals, dependent on the SP at that moment in time. This substantial staged funding package will carry it to mass deployment into most of the developed world is expected to begin in 2021. There are multiple test scenarios now using the ACE-NIC-100 and China Mobile/China Telecom and China Unicom are central to that.
They have also announced a Pay-as-you-Go 200G 5G UPF Offload solution that means that operators will be able to start with lower-cost servers and a lower-cost SmartNIC, and only scale as they gain users and add data-hungry applications to the network.

I write a monthly report for some contacts and this is my summary I am preparing to send out this weekend. I am in due to Tracylied's enthusiasm but confess I do not understand all the nuances. Any suggestions to enhance summary appreciated

Ethernity Networks (ENET) In Spain Telefonica is working on the Open Ran process as the means to create 5G infrastructure and Germany is also exploring the options on it as well. Apparently that fits in with ENET and its offerings.The Indian OEM is manufacturing a cell site router appliance for which Ethernity is providing the end-to-end system technology, including (and especially) the virtual Router software on FPGA. This has relevant applications in both 3-4.5G and 5G.
A US fund-5G Innovation Leaders Fund will invest up to £3.2m with an initial £500k and then on going tranches at 6 monthly intervals, dependent on the SP at that moment in time. This substantial staged funding package will carry it to mass deployment into China and other countries around the world as well. Mass deployment through most of the developed world is expected to begin in 2021. There are multiple test scenarios now using the ACE-NIC-100 and China Mobile/China Telecom and China Unicom are central to that.

01234....I have had a look at the Verizon article and see no reference to ENET ....The concept yes but using other means along the way .

Tracey, I see that BATM has signed up with an Asian Tier 1 for its NFVTime software which can be used on both Intel...as in this case...and ARM chips. How does ENET fit in this move to 5G?

Tracy...you whole focus seems to be on Chinese telecoms but I note they announced delivery of ACE-NIC 100 to a major Korean OEM in Jan 2019 and before that on 25/10/18 a contract with a US tier 1 telecoms company. Do you have any views on those?

Thank you for your knowledgeable response and look forward to further input as the story unfolds. As well as China and 5g there what else should we be keeping an eye out for? I feel the current funds give them breathing space and cash will continue to be tight so they need income...from whatever source! In light of events what should their priorities be under current circumstances?

Tracylied...why is it that the FPGA based Smart NICs are so ahead of the game that they seem to be making little headway?

the discussion is an ever ending dilemma...top slice or hold...or buy more! Jesse Livermore in his book says buy in steps on the way up and raise your SL accordingly. I top sliced at 92p and that has cost me another £5k at least.....so far. I am applying the concept on GAN and riding the wave....successfully so far! Time will tell but I feel BVC has a way to go on all fronts!