Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEthernity Net Regulatory News (ENET)

Share Price Information for Ethernity Net (ENET)

Share Price is delayed by 15 minutes
Get Live Data
0.0013    0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread: 0.0002 (16.667%)
Market Cap: £13.00k
ENET Live PriceLast checked at - London Stock Exchange

Intraday Ethernity Net Share Chart

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
18th May 20267:00 amRNSDirector/PDMR Shareholding
5th May 20267:00 amRNSOperational Update and Cost Reduction Measures
25th Mar 20267:00 amRNSExpansion with US Defence & Aerospace Customer
23rd Mar 20267:00 amRNSIssue of Equity to Directors
18th Mar 202611:05 amRNSResult of EGM
10th Mar 20269:14 amRNSIssue of Equity to Chairman
10th Mar 20269:14 amRNSIssue of Equity to Chairman
19th Feb 202612:40 pmRNSHolding(s) in Company
19th Feb 202610:43 amRNSPlacing to raise £230,000
17th Feb 202611:05 amRNSHolding(s) in Company
11th Feb 202611:18 amRNSNotice of EGM
6th Feb 20268:38 amRNSHolding(s) in Company
2nd Feb 20267:00 amRNSPlacing and business update
11th Dec 20257:00 amRNSBusiness Update
2nd Dec 20259:16 amRNSResult of EGM and other matters
27th Nov 20251:37 pmRNSResult of AGM
19th Nov 20257:00 amRNSGrant of Patent
6th Nov 20257:00 amRNSPlacing, CLN and Notice of EGM
23rd Oct 20255:35 pmRNSHolding(s) in Company
23rd Oct 20252:35 pmRNSNotice of AGM
30th Sep 20254:46 pmRNSInterim Results
14th Aug 202510:57 amRNSResult of EGM
24th Jul 20257:00 amRNSNotice of EGM and Business Update
17th Jul 20257:00 amRNS-R1m unit shipment milestone with existing customer
30th Jun 20259:35 amRNSResults for the Year Ended 31 December 2024
20th Jun 202511:46 amRNSLPM Patent Notice of Allowance
10th Jun 20257:00 amRNSUpdate on progress with PON strategy
9th Jun 20257:00 amRNSHolding in Company
29th May 20257:00 amRNSCompletion of Creditor Settlement Payments
1st May 20257:00 amRNSFundraising & update re. creditor settlement plan
29th Apr 202510:24 amRNSResult of EGM
28th Apr 20257:00 amRNSCorrection re EGM time
23rd Apr 20257:00 amRNSTrading Update
8th Apr 20259:45 amRNSResult and Notice of General Meeting
28th Mar 20257:00 amRNSU.S. Aerospace Project extension
18th Mar 20257:00 amRNSNotice of EGM
14th Mar 20257:00 amRNSPlacing to raise £88,750
13th Mar 20259:21 amRNSUpdate re. U.S Aerospace Project
7th Feb 20257:00 amRNSExtension of warrant instruments
21st Jan 202511:29 amRNSUpdate re. Creditor Settlement Plan
16th Jan 20255:42 pmRNSHolding(s) in Company
6th Jan 20255:05 pmRNSHolding(s) in Company
6th Jan 20255:00 pmRNSHolding(s) in Company
23rd Dec 20243:23 pmRNSWarrant exercise under structured investment deed
23rd Dec 202410:20 amRNSResult of EGM and grant of options
6th Dec 20247:00 amRNSDirector dealing
4th Dec 20247:00 amRNSHolding(s) in Company
4th Dec 20247:00 amRNSPlacing to raise £130,028
3rd Dec 20244:39 pmRNSHolding(s) in Company
3rd Dec 20248:48 amRNSHolding(s) in Company

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.