RE: It’s coming21 Jul 2025 13:31
Ethernity Networks Ltd* (ENET.L, 0.02p/£1.1m) Update: 1m unit shipment milestone with a leading customer (17.07.25) • Ethernity shipped 1m units, of its Carrier Ethernet Switch and Traffic Manager engine IP (Carrier Ethernet Engine) cumulatively, to a single customer. The milestone, achieved over several years of engagement with the longstanding customer, was under a royalty model.
The Carrier Ethernet Engine was initially delivered on a Field Programmable Gate Array (FPGA) and subsequently ported on to a custom Application Specific Integrated Circuit (ASIC). Ethernity’s IP has now been embedded across the customers’ Ethernet product portfolio and serves, as the main engine in its custom ASIC. Allenby Capital comment: The shipping of the 1m units to a single customer is an important milestone for Ethernity, validating the Company’s networking IP and should boost business development efforts. Brendan D'Souza