We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEthernity Net Regulatory News (ENET)

Share Price Information for Ethernity Net (ENET)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.90
Bid: 0.85
Ask: 0.95
Change: 0.025 (2.86%)
Spread: 0.10 (11.765%)
Open: 0.875
High: 1.05
Low: 0.875
Prev. Close: 0.875
ENET Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

ENET's 5G DU Solution Shortlisted for GLOMO Award

24 May 2021 13:29

RNS Number : 6170Z
Ethernity Networks Ltd
24 May 2021
 

RNS Reach

24 May 2021

ETHERNITY NETWORKS LIMITED

("Ethernity" or the "Company")

Ethernity Networks 5G DU Solution Shortlisted for GLOMO Award

Ethernity Networks (AIM: ENET.L), a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks, is pleased to announce that its 5G DU Aggregation and vRouting on FPGA SmartNIC solution has today been shortlisted for the prestigious 2021 Global Mobile ("GLOMO") Awards.

The GLOMO Awards are presented annually by the GSM Association ("GSMA") and are the connectivity industry's highest and most prestigious accolade, as adjudged by the sector's most prominent subject matter experts. The GLOMO Awards judging process is award-winning in itself, setting the benchmark for rigorous, independent, and expert judging.

Ethernity's 5G DU solution, which has been provided to multiple European and North American server vendors and integrators for testing, utilizes the Company's ACE-NIC100 FPGA SmartNIC to aggregate 150Gb of data arriving from radio units and uses its fully integrated Router-on-NIC capabilities to eliminate the need for cell site routers (CSRs) with 60Gbs of forwarding to also cascade other distributed units (DUs) within the same site.

The Company's solution was shortlisted with three other companies in the category for Best Mobile & Network Breakthrough , standing out for its ability to provide an agile, high-performance router data plane that is ideal for DUs because of its compact nature. This innovative solution contributes to the deployment of pure cloud native environments without the need for a dedicated CSR, which makes it a viable offering for virtual DUs by saving CPU cores otherwise needed for vRouter functions. When combined with Ethernity's in-house Sync technology, it reduces CAPEX and OPEX and creates added value for operators and the broader eco-system, especially in the Open RAN strategy that many operators are now implementing.

According to the GSMA's MWC Barcelona website: "To be selected in the shortlist for a GLOMO Award means recognition as a serious player - one to be watched closely in the tech sector. And to then win a GLOMO Award, means achieving the highest merit by your peers across the entire digital industry."

The GLOMO Awards winners will be announced in a streamed virtual event as part of Mobile World Congress in Barcelona from noon to 1.00 p.m. Central European Time on Wednesday, 30 June 2021.

Ethernity VP Marketing Brian Klaff said: "The GLOMO Awards are the Oscars of our industry, and an excellent way of identifying the true industry leaders and up-and-coming technology companies. This is truly a great honour, validating our Company's vision and the hard work of our employees in implementing that vision. We are very confident that our 5G DU solution will meet the demand for FPGA-based virtualized routing, which demand should increase as operators continue making strides toward the implementation of Open RAN."

About Ethernity Networks

Ethernity Networks (AIM: ENET.L) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ethernity's FPGA logic offers complete Carrier Ethernet Switch Router data plane processing and control software with a rich set of networking features, robust security, and a wide range of virtual function accelerations to optimize telecommunications networks. Ethernity's complete solutions quickly adapt to customers' changing needs, improving time-to-market and facilitating the deployment of 5G, edge computing, and NFV.

For further information, please contact:

 Ethernity Networks

Tel: +972 8 915 0392

David Levi, Chief Executive Officer

 

Mark Reichenberg, Chief Financial Officer

 

 

 

Arden Partners plc (NOMAD and Joint Broker)

Tel: +44 207 614 5900

Richard Johnson

 

 

Peterhouse Capital Limited (Joint Broker)

Tel: +44 20 7562 0930

Lucy Williams / Duncan Vasey / Eran Zucker

 

 

 

About RNS Reach announcements

This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAZZGZKZDRGMZM
Date   Source Headline
19th Apr 20247:00 amRNSFinal Results
16th Apr 202410:12 amRNSResult of Adjourned GM and Board Changes
9th Apr 20249:39 amRNSAdjournment of General Meeting
28th Mar 20247:00 amRNSBusiness update
8th Mar 20247:00 amRNSRe-appointment of Chairman and Issue of Equity
1st Mar 20247:00 amRNSDirector Change, Option Grants and Notice of EGM
22nd Feb 20247:00 amRNSAppointment of Joint Broker
14th Feb 20247:00 amRNSAppointment of Chief Financial Officer
9th Feb 20247:00 amRNSAppointment of VP of Marketing & Business Dev.
5th Feb 20247:00 amRNSCourt approval of creditor settlement plan
31st Jan 20247:00 amRNSConclusion of TSP process
22nd Jan 20245:00 pmRNSHolding(s) in Company
11th Jan 20246:15 pmRNSHolding(s) in Company
11th Jan 20247:00 amRNSApproval of settlement proposal by creditors
4th Jan 20244:00 pmRNSUpdate on TSP process
2nd Jan 20247:00 amRNSHolding(s) in Company
20th Dec 20232:11 pmRNSExtension to and update on TSP process
19th Dec 20237:00 amRNSIssue of Equity
14th Dec 20232:25 pmRNSFinal issue of equity under settlement deed
14th Dec 20239:20 amRNSResult of Adjourned General Meeting
7th Dec 202310:01 amRNSAdjournment of General Meeting
5th Dec 20237:00 amRNSFull Year Trading Update
29th Nov 20234:04 pmRNSIssue of equity under settlement deed
29th Nov 20239:30 amRNSSignificant Contract Win
27th Nov 20235:00 pmRNSHolding(s) in Company
14th Nov 20235:46 pmRNSChange to date of General Meeting
14th Nov 20237:00 amRNSDirector Changes
10th Nov 20237:00 amRNSUpdate re. Subscription agreement & Notice of GM
2nd Nov 20237:00 amRNSContract win with Tier 1 customer
31st Oct 20234:00 pmRNSHolding(s) in Company
30th Oct 20232:17 pmRNSExtension of the TSP
26th Oct 20233:14 pmRNSDirector's Loan and Related Party Transaction
26th Oct 202311:01 amRNSStatement re Share Price Movement
24th Oct 20232:00 pmRNSUpdate re. Subscription agreement and TVR
20th Oct 20237:00 amRNSSubscription agreement part settlement and TVR
16th Oct 20233:00 pmRNSUpdate re TSP, lifting of suspension and subs. agt
16th Oct 20233:00 pmRNSRestoration - Ethernity Networks Ltd
12th Oct 202312:00 pmRNSApplication for TSP and suspension from trading
12th Oct 202312:00 pmRNSSuspension - Ethernity Networks Ltd
29th Sep 20237:00 amRNSSubscription agreement part settlement and TVR
20th Sep 20237:00 amRNSInterim Results
14th Sep 20237:00 amRNSUpdate on Share Subscription Agreement
31st Aug 20237:00 amRNSUpdate on OTC Markets listing
14th Aug 20231:20 pmRNSResult of AGM
7th Aug 202312:40 pmRNSHolding(s) in Company
1st Aug 20237:00 amRNSUpdate on strategy, trading and $1.5 million order
31st Jul 20234:00 pmRNSSubscription agreement part settlement and TVR
26th Jul 20237:00 amRNSDirectorate Change
17th Jul 20238:45 amRNSHolding in Company
6th Jul 20237:00 amRNSNotice of AGM and Issue of Director Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.