RE: I’m told of their Tier 1 customers is Nokia11 Dec 2025 10:25
Ethernity Networks Ltd, up 3.9% at 0.0054 pence, 12-month range 0.0052p-0.13p. The data processing semiconductor technology provider says it remains confident in securing a partnership for the development of its planned ASSP device, and that a growing number of leading original equipment manufacturers have expressed interest in receiving the ASSP and acting as early adopters. Also says a long-standing OEM customer completed its second ASIC development earlier this year under the USD800,000 agreement signed in November 2023, and that it anticipates increased royalty revenues from this engagement during 2026. Additionally, Tier-1 US PON vendors have placed an order for an additional 2,000 unit licenses, and a Tier-1 US defence and aerospace customer has delivered a product based on Ethernity's IP to market and expects the client to purchase additional platform-use licenses next year.