Ethernity Networks Ltd $3m Order for FPGA-based 1G/10G PON OLT SoCs (3063P)
18 Octubre 2021 - 1:00AM
UK Regulatory
TIDMENET
RNS Number : 3063P
Ethernity Networks Ltd
18 October 2021
18 October 2021
ETHERNITY NETWORKS LIMITED
("Ethernity" or the "Company")
Ethernity Networks Receives Breakthrough $3m Order for
FPGA-based 1G/10G PON OLT SoCs
-- Significant new contract with Chinese broadband network OEM
-- $3m initial committed order from 2022 and into 2023
-- FPGA-based PON deployment into Chinese marketplace
Ethernity Networks (AIM: ENET.L), a leading supplier of data
processing offload solutions on programmable FPGA (field
programmable gate array) for accelerating telco/cloud networks, is
pleased to announce that it has signed a $3m contract with a
Chinese broadband network OEM.
Under the contract, Ethernity will supply its ENET 4820 and ENET
5200 FPGA System-on-Chip (SoC) devices with support for four
Gigabit Passive Optical Networking (GPON) Optical Line Termination
(OLT) ports and four 10Gbps XGS-PON OLT MAC ports, respectively, or
for different combinations thereof. The SoCs will enable the two
types of PON for use in the OEM's 5G fronthaul products, as well as
other fiber access deployments.
The total initial committed order, valued at approximately
$3,000,000 from a mix of the FPGA SoCs, accrues from 2022 into 2023
with additional orders anticipated thereafter. Initial order
deliveries will commence in Q2 2022, and committed quarterly orders
with minimum order quantities will commence thereafter.
Ethernity's ENET 5200 10G XGS-PON OLT SoC focuses on resolving
major infrastructure issues related to the deployment of 5G cell
towers, as detailed in a recent article in Lightwave Magazine by
Ethernity's David Levi. The OEM will base its XGS-PON and GPON
offerings on a unique architecture that utilizes a low-cost
enterprise switch, as well as Ethernity's FPGA SoC with advanced
traffic management, and the OLT PON MACs.
David Levi, CEO, Ethernity Networks said: "This is Ethernity's
largest single contract since the Company's IPO and builds on the
multiple new contract wins and orders over the last six months. We
are immensely pleased to have converted our PON technology into a
deployable product via this significant entry into the Chinese
marketplace, and plan to extend this offering to other worldwide
markets. The addition of PON to our global implementations is a
validation of our statement that Ethernity's products cover network
processing "from the tower to the 5G core". We look forward to our
continued growth through the adoption of the entire range of our 5G
router products into mass deployment in the coming years."
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 / Oscair McGrath
Peterhouse Capital Limited (Joint Broker) Tel: +44 20 7562 0930
Eran Zucker / Lucy Williams / Duncan Vasey
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