Ethernity Networks Ltd Contract with North American Tier 1 OEM (9560E)
October 24 2018 - 2:00AM
UK Regulatory
TIDMENET
RNS Number : 9560E
Ethernity Networks Ltd
24 October 2018
Contract with North American Tier 1 OEM
Ethernity Networks' ENET Flow Processor Firmware Integrated on
North American Tier 1 Vendor's FPGA-Based Fibre-To-The-Home OLT
Platform
Ethernity Networks (AIM: ENET.L), a leading innovator of network
processing technology and products, announced today that it has
signed a contract to supply its ENET Switch and Traffic Manager
firmware for a North American tier 1 telecommunications OEM.
Ethernity has completed the integration of its firmware on the
equipment manufacturer's existing fibre-to-the-home optical
networking platform for advanced broadband services with 4K
video.
The contract represents nearly $0.5m in short-term revenue for
Ethernity and, given the popularity of the platform and the size of
the OEM, is expected to generate an estimated $2m in future royalty
streams over the next 30 to 36 months, with additional royalty
streams extending thereafter.
Further, the parties have already engaged in discussions to
apply Ethernity's ENET firmware and software to the customer's
broadband switch and router platforms, which, if successfully
concluded, would add significantly to the ongoing royalty
stream.
The ENET solution was customized to fit the customer's existing
OLT platform in addition to Ethernity's core functionality
including hierarchical traffic management, switching, and access
control list (ACL). Ethernity's patented technology reduced the
required die size resulting in a 50% reduction in consumed space
within the FPGA and leaving room for greater networking
functionality. It is anticipated that future developments, in
tandem with the OEM, will integrate additional features of the ENET
library to meet future customer requirements, including router,
tunnelling protocols, IPSec, bonding, and fragmentation.
"We are very pleased to have successfully concluded this
agreement with a tier 1 OEM, and we believe this will be the first
of many similar agreements with customers in the future," said
Ethernity's CEO David Levi. "This supply contract confirms that our
extensive networking functionality offers tremendous value to the
market, and is an example of how we can build strong partnerships
with industry leaders."
"The decline in the development and availability of network
processors on ASICs for this market makes porting Ethernity's
firmware onto FPGA extremely attractive to tier 1 vendors, who can
now purchase FPGAs for the price of ASICs," said Rob O'Hara,
Ethernity's Vice President of International Sales. "Moreover, our
proven ability to customize our solution to fit existing customer
hardware results in a much shorter time-to-market for the OEM."
Additional information on Ethernity's FPGA-based ENET Flow
Processor is available on our website www.ethernitynet.com.
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 Tel: +44 207 614 5900
Broker)
Steve Douglas / Benjamin Cryer
About Ethernity Networks
Ethernity Networks (AIM: ENET.L) is a leading innovator of
network processing technology and products. Mounted on low-cost
COTS FPGAs and with a rich set of networking features, Ethernity's
ACE-NIC smart network adapters, ENET SoCs, and network appliances
offer best-in-class all-programmable platforms for the fixed and
mobile telecom, enterprise security, and data center markets. Our
complete offering, incorporating hardware, FPGA firmware, and
software applications, enables full programmability at the pace of
software development, quickly adapting to changing market demands
and applications and facilitating the deployment of edge computing,
5G, and SDN/NFV.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. 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.
END
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