Member Info for mickey1122

Omg

Enjoy the ride -33p

They have successfully exited the tps and paid the money back . No more finance to after

The ASIC deals will now come

News today with Donald J in is huge imo

Very strong buy

This is major news imo

Read the RNS carefully

We are safe and secured

Its gone all green

Don't think new tech got too many left

After 16k sale

David Levi, CEO, commented: "Whilst we are disappointed by the potential reduction of FPGA orders from the U.S fixed wireless vendor, we believe that the future growth of the Company lies with the ASIC opportunity in hand. We are extremely encouraged by the progress being made with one of the OEM vendors in relation to the potential selection of Ethernity and its ASIC proposal

Good to see your on board Jungle . If the imminent RNS we are expecting 2p within a couple of days

Take a very Quick Look at enet Gall

New tech fully out end of today imo

When they announce the deals

Ducks lining up . Naysayers good luck

So who bought th shares today

And what happens when new tech are out

Ethernity will move next week

New tech shifting 10m a day ?

As previously announced, the Company has been engaged in discussions with two Tier-1 wireless backhaul OEMs with regard to evolving Ethernity's FPGA technology and solution to an ASIC and these discussions are still progressing.

One OEM has been testing the Ethernity universal edge platform ("UEP") during the year and the other OEM, that is familiar with Ethernity's technology from a previous engagement, has expressed an interest in co-funding the development of the ASIC, with a view to providing volume orders for the ASIC for a period of five years once it became available.

The Company is in meaningful discussions with several well-established Tier-1 third-party ASIC vendors that have expressed their interest in development of the ASIC and, should it commence, the Company plans to select one of them. This ASIC vendor would undertake the ASIC design work based on the Company's existing UEP product and semiconductor data processing technology that is available today on the UEP FPGA SoC.

The Company estimates that the overall non-recurring engineering ("NRE") amount for the ASIC would be in the range of $15m-$17m, including ASIC design, contribution to Ethernity and the associated IP, which would need to be funded by the prospective customers and be accompanied by minimum purchase commitments for the finished product.

Should the ASIC product reach production, the Company believes that there would be an opportunity to generate meaningful revenues from the ASIC sales. In addition, the Company believes there is an opportunity sell it as a complete ASIC based UEP system product to OEM customers.

The Company believes that the ASIC proposals provided to the two Tier-1 wireless backhaul vendors offer significant value for these vendors, both in terms of expedited time to market and significant cost savings compared to existing, off-the-shelf ASICs. While no contract has been signed yet with these vendors nor can there be any guarantee that contracts will be signed, we are making progress in negotiating with one of the two vendors that has indicated an interest to select Ethernity and in funding an extensive part of the NRE required for the ASIC development and the Company is exploring the possibility of additional NRE being funded from another vendor.

Additional vendors have indicated their interest in the Company's proposed ASIC product, including existing customers that use Ethernity's FPGA based solution.

Green men arriving

We are nearly there