RE: RNS2 Dec 2020 07:34
Very nice update. Exactly how we thought.. Going to start modest but growing quickly.
This inspires confidence and really is exactly how I saw this going.
One of Ethernity's partners was selected to develop customised UPF software for a private 5G network to a Chinese mobile service operator as part of the OpenUPF initiative, which will now be targeted primarily toward industrial and private 5G deployments. Ethernity's ACE-NIC will be used to meet the operator's performance requirements, by implementing the forwarding within the FPGA SmartNIC to reduce latency and increase performance.
Further to the licensing contract signed in September 2020 with an Indian OEM customer, the parties have agreed that the hardware manufactured by the Indian vendor incorporating the Ethernity technology can be sold by Ethernity outside of the Indian market. This is anticipated to result in additional revenues for the Company, as Ethernity will be able to market the complete product solution into new geographic markets through other channels.
The Company is receiving significant interest in its ACE-NIC100 for 5G Distributed Unit (DU) with embedded Virtual Router function, which product offering was announced on 22 October 2020. This includes multiple interactions with major server vendors and system integrators who anticipate incorporating the FPGA router data plan embedded in the ACE-NIC, into their offering.