RE: Sad times28 Nov 2024 08:36
DaProphet - a few things that outweigh the negatives
The first is an opportunity to provide customization services, as an extension of the contract won earlier this year. The second is a significantly larger opportunity with a new division within the same customer group, that is interested in deploying the Company's technology on their platform. This additional opportunity, should a contract be signed based on current discussions, would involve customized development, resulting in substantial NRE to Ethernity and additional license payments.
Additional vendors have indicated their interest in the Company's proposed ASIC product, including existing customers that use Ethernity's FPGA based solution.
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.