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I believe that 5g open would look very different without Ethernity. There are several key differences like the bonding tech and the router on the NIC that are real game changers for mass deployment. There are examples where Ethernity save 80% of costs over the first 5 years.
I believe that some are waiting for Ethernity before they build out. Especially in the DU.

43.81 to buy. Level 2 looking weak. This share needs some stimulus.

A new version concise 5g page really details how far Ethernity has come in the last 18 months.

https://ethernitynet.com/5g/

How's it going to perform.... Very similar to start the difference will be agility and flexibility later on when the market moves in different directions, Dish will move with it. The rest will be asking their suppliers for new boxes of tricks.

75k of round number sells. 5G IF maybe or someone bored of waiting.

I suspect all the code is royalty based with license fees and fees for intervention. Hardware is not fit and forget as it's an organic learning entity that's can be refocused so will attract fees.
We'll see a stream of recurring revenue.

Just a few weeks ago the company told us this. Seems pretty clear to me.

#We are also in discussions relating to various other UEP customised offerings and further licensing for our Software and firmware.

#Our DU and UEP offerings are offerings of combined hardware (or FPGA Firmware) that will be equipped with our routing software stack, of which the first version is schedule for release by Q3 21 followed by an advanced version planned for 2022. The Company anticipates that as soon as the Company completes the development of the routing software stack integration, orders for customised UEP routing platforms together with vRouter offload and DU based FPGA Smart NIC (ACE-NIC ) offerings for deployment into cloud native environments, Open RAN and 5G core will increase in exponentially

One would have to be desperate for cash to be a seller today. 5 MMs underwriting 43p 1@45p then 47p.
Events are near term and some deployments certainly starting in 6 months the newsflow ahead should be fierce. Much needs to happen leading to deployment and this is a good time for Ethernity to tell the market how they will manage the production capacity.
They have defined 3 models and really that's a good way to signal what's ahead.

It won't be 5G until the compute is done local to the device. You just had a fast connection to the data center. However it will only have been 5G speed last week when nobody else was there.
I had 5G on Pelephone in Israel and middle of the night it was perfect. A mature 5G network won't have these issues.

Coming ahead.
UEP-20 sold through multiple radio equipment vendors. Deployment within the next 12 months $800k-$1m. H2 2021 500k. However multiple vendors and radio equipment deployment are in flow now so this could be very much larger. Trials and development ongoing and mass deployments to follow within 6 months.

UEP-60 contract about to be announced for $930k in 2022. $3m a year in 2023 and beyond. Under development now deployment 2022.

DU 3 major server vendors with ISPs engaged building DU solutions which may run on ASICs like DU hardware probably made by a fpga vendor as a plug and play product. Ethernity to provide the high margin code and virtual router. Integrators and end users are waiting for this product to connect their radios to the CU. This exclusive groundbreaking product is an absolute game changer for deployment economics. Trial Q4 deployment 2022

Asian Service provider using AceNIC-100 on their deployment with their own code. Trial now deployment 2022

Chinese OEM using AceNIC-100 with their own UPF code and selling into the Chinese market. Trial now deployment 2022.

Tarana wireless. SoC trials complete and mass deployments underway. Confirmed orders $1.2m 2022 but this will rise as deployments commit. massive federal government funding driving deployment in the US. 2022 ramping up deployment.
New version under development using Ethernity tech.

3 Chinese Telecom involved in ongoing testing with view to deployment in 2022.

India. Massive opportunity with a go to market collaboration with Indian OEM. Some of the announced expected 2021 revenue may rollover to 2022 with the covid situation delaying manufacturing and deployment. The Company will propose the UEP-60 and the UEP-300 as customised version to global vendors which is planned to serve as one of our growth engines over the forthcoming years, to be positioned as differentiated Cell Site Gateway with various FPGA loads for Fronthaul, Midhaul (CU to DU) and Backhaul (bonding). These products will be built in India by the OEM under licence.

David says "growing momentum around our 5G UPF, 5G DU and UEP based wireless backhaul Networking unit with an integrated bonding solution, will lead to the realisation of large scale growth in the coming years"

In addition there are new engagements in China for UPF and multiple engagements from the UEP.
Ethernity expect immediate orders upon completion of the product.

Just a quick round up. I have left out the 2 US Avionics OEMs, the St Petersburg OEM and several others. Tieto etc
2022 is when deployments kick off but H2 is when we can expect the contracts to begin and Ethernity position for global mass production.
A production agreement with a major OEM for AceNIC-100 and the cats out of the bag.

I don't think that it will get ahead of itself until we are firmly into recurring dividends. The whole sector boost will target those start ups aimed at explosive sectors. Others with data center focus or ASICs manufacturers will feel warmth but zero to hero like Ethernity will be Hot. Yes they may become super heated but by then I will have my €1m Cat and have maybe 50k shares for interest sake.
Ahead in the short term we hunt the next catalyst. It's clear now that Ethernity will be substantially rewarded for their innovation. Really the speed and quality of the work has been incredible.
We are now in the zone where approaches to Ethernity will be with a view to near term deployments using existing trial data.
Ethernity are in many cases the only solution vendor and I expect to see engagement payments become standard at the design stage. I suspect that margin will remain high and Ethernity will cherry pick clients.
Sounds like fantasy but I am told demand will be huge and many will arrive without a reservation but with big cheques in hand.
Still hard to see from 43p but I would not be surprised to see the chart vertical in the near future.

I suspect that 2022 will produce around $7m of AceNIC sales if the 2 deployments start in H1. Tarana $5-10m. DU $2-6m engagement payments (could come 2021) then sales $3-15m depends on 1-3 deployments and how early they commence. UEP at least $2m however the OEMs engaged for radio deployment could sell much much more as new deployments come on stream. Also we note that other UEP contracts are in train and deployments really start next year.
Avionics and other contracts $1. Legacy royalty $1m.
I am including nothing from Tieto nothing from India and nothing from China Telecom.
So bottom end no new contracts around $18m. Top end realistically$25-50m.
However to achieve the top top end we'll need to see Xilinx or similar turning out a ASICs DU product to Ethernity spec . Ethernity will make margin on this model on the product and near 100% on the code.
Timing is everything and if H1 is slack we'll be looking at $20m which is where I see the company setting their target.

https://pages.questexnetwork.com/TaranaWireless-111820-Registration.html?source=listing&_ga=2.106318531.1944271064.1626592778-1483153481.1626592778

This Webinar from December 20 really sets the context and importance of the Tarana G1. Work is underway for the second generation expected 2023 with advancement in speed and agility expected.
It doesn't take much imagination to see thousands of deployment scenarios.
2022 so far Ethernity has $1.26m in advanced orders. I suspect $5-10m will result.
This is a sideline non core pre IPO relationship and really for nothing but a huge potential earner for Ethernity.

Wow sun at last. Been 35° here at night the last 6 weeks and 40 during the day. Cool today at 34 in the deck hammock.

I have always found that brokers fail to grasp the magnitude of the story because largely they don't understand how the market will evolve

Yes it was the last part of the Jigsaw I was waiting on last year. When they say that Ethernity has the whole ecosystem end to end covered they will have minus the ASICs components required for the interfaces.
They are right to leave the CU until last as it's the least advantage location as often it will be in a central installation.

Sergi I think soon you will conclude that Silicom and Ethernity have very little in common. They are opposite ends of the industry.

Give Ethernity long term relationship with Xilinx and the pending mass production of fpga based DU by a fpga vendor no doubt as a mass market product. I don't think that Ethernity will be left in the cold. Israel is a place that trades globally unlike the US and China. I think that they are required to inform but I don't think that it's going to stop anything.

uhif. All the evidence is there for people to find. I believe that we just need more curious people. It takes leaders to lead, followers are useful but leaders are needed as inevitably followers will follow.

Yes they are required to state the obvious. Can't see it holding others back though.

"However, this is not expected to affect our high-level growth plans and further investment in R&D. Furthermore as highlighted above we anticipate securing orders for 2022, and along with the 2021 carry over, will result in achieving the planned growth for 2022 from the current existing customer base and that the market evolution, uptake and deployments as have been long anticipated will now be realised from the latter half of this year and the long anticipated and expected growth will now come to fruition"