RE: Take note of this moment people28 Mar 2024 08:52
DV we donāt need a placing we have plenty of cash in the bank and on 2 likely contracts more millions we havenāt included anything else either beginning to think those posting negative derogatory comments havenāt read it! Itās only March so in Q1 theyāre sorting contracts which will bring in 2.2-3million just in this alone never mind the Licensing, network contracts and repeat business or any other discussions coming to fruition! IMHO DYOR
āIn the year to date, the Company has had positive engagement with a number of potential new customers, including two OEM vendors which, following an extensive evaluation of Ethernity's Universal Edge Platform ("UEP") have indicated an interest to adopt and launch the product to their customer base and the Company is in negotiations with these two vendors on potential contracts that could lead to significant business for Ethernity. In addition, two further OEM vendors have indicated an interest to contract the Company for delivery of a UEP based design.
Based on the scopes of work being discussed with these potential new customers, should they lead to contracts, they could contribute between $2.2 million and $3 million to the Company's revenues in 2024. Given the commitment of each customer to adopt the products, this would likely lead to significantly higher revenues in 2025 and beyond. Whilst there can be no guarantee that the discussions summarised above will all lead to contracts at all or on the terms currently being discussed, the Board considers that this significant interest in the Company's products demonstrates the potential for future growth in sales of a complete system offering combining Ethernity's chip and software stack that is expected to be the main driver of the future growth of the Company.
Ethernity's products are available to OEM vendors either via the sale of complete systems or through the licencing of the Company's IP. The preferred business model is defined by the customer, depending on whether it is looking for a complete product or would like to embed Ethernity's technology within its own product, resulting in one of the two following revenue models:ā