Ethernity Networks Ltd New Contract for $930k to Supply UEP-60 Product (9612G)
30 Julio 2021 - 1:00AM
UK Regulatory
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RNS Number : 9612G
Ethernity Networks Ltd
30 July 2021
30 July 2021
ETHERNITY NETWORKS LIMITED
("Ethernity" or the "Company")
New contract for $930,000 to supply UEP-60 product
-- New contract with international wireless connectivity vendor to supply UEP-60 product
-- Initial order for $930,000, with potential for significant
follow-on orders and wider product offerings
-- UEP to serve as a hardened microwave/millimeter wave Indoor
Unit (IDU) with integrated L1 bonding
-- Second major 5G system contract, following successful
contract with Indian OEM, in Ethernity's progression from IP
licensing deals to delivery of complete system solutions.
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,
announces today that, following successful testing of the Company's
UEP-20 (Universal Edge Platform) product equipped with wireless
bonding technology, it has signed a contract with a
well-established international wireless connectivity vendor.
Ethernity will supply its next-generation UEP-60 product as a
system-on-module integrated within the microwave vendor's
enclosure, including customisation of the UEP-60 for usage as a
microwave/mmWave Indoor Unit router module with integrated wireless
bonding. The product will connect multiple wireless links to
provide 20Gbps data transport over wireless connections, with the
expectation being that the majority of the product's deployments
will be for 5G distributed unit connectivity with 25G
interfaces.
The contract includes an initial committed order for $930,000
with the majority of the revenue accruing in 2022 and with
additional orders anticipated thereafter. Based on the customer's
forecast estimates of deployment, this contract could lead to
additional annual revenues up to $1.0m in 2022 and further growth
subsequently. Furthermore, the Company also anticipates expanding
its business with the same vendor with other product offerings and
is already in discussion regarding other business for its routing
and bonding system.
The modules will integrate Ethernity's newly patented wireless
bonding technology, which presents a new method of fragmenting and
bonding wireless data transmissions to enable the transmission of a
single data flow along multiple wireless streams. This maximizes
the transmission's efficacy using network functions such as load
balancing and enables wireless transmission over the standard
network without the need for point-to-point connection.
Regarding the Company's wireless bonding technology, Roy Chua,
Founder and Principal at AvidThink, an independent research and
analysis firm, recently noted: "With the strong market interest in
open RAN architecture for public and private 5G deployments,
Ethernity's technology that increases efficiency and resiliency for
midhaul and backhaul microwave links provides options for wireless
service providers. Particularly, in markets where fiber build-out
is slow or cost-prohibitive, such flexibility is valued."
This contract builds on the Company's successful Indian OEM
contract of 22 Sep 2020, as Ethernity progresses its transition to
a system solutions provider.
Ethernity CEO David Levi said: "This is yet another step in
Ethernity's progression from IP licensing deals to delivery of
complete system solutions. It confirms that our UEP router platform
is an attractive offering to the industry and lays a solid
foundation for additional opportunities within the backhaul and
midhaul 5G connectivity market. We are very pleased with the
direction we are headed and the positive response we have received
from the marketplace for our routing platform with integrated
bonding."
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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