AIRPORT CITY, Israel, Sept. 6,
2022 /PRNewswire/ -- Ethernity Networks (AIM: ENET.L)
(OTC: ENETF), 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 trading in the Company's ordinary shares will begin today
on the OTCQB Venture Market ("OTCQB") in the United States under the ticker symbol
"ENETF".
Trading on the OTCQB will have no direct impact on the trading
of Ethernity's existing ordinary shares on London's AIM, which will continue to trade on
AIM under the ticker "ENET", and no new ordinary shares will be
issued as part of the cross-trade.
The OTCQB is recognized by the SEC as an established public
market providing data that investors need to analyze, value and
trade securities. Cross-trading on the OTCQB allows the Company
access to one of the world's largest investment markets to expand
its reach into a broader pool of investors. Ethernity's shares will
be available to US investors during US working hours and priced in
US dollars, which has the potential to enable greater liquidity in
the Company's ordinary shares on AIM by easing cross-border trading
for potential US investors.
The Company has appointed Harbor Access, a US-based strategic
investor relations firm to support the OTCQB quote. Harbor Access
will assist management with investor outreach and awareness. "We
are delighted to work with David and the Ethernity Networks team as
we believe their technology offers a great investment opportunity
for investors with an interest in the 5G space. The addition of the
OTCQB quote will allow for greater transparency and disclosure for
investors," stated Jonathan
Paterson, Managing Partner, Harbor Access.
Ethernity has appointed B. Riley Securities, Inc. as its OTCQB
Sponsor.
David Levi, CEO of
Ethernity, said: "We are thrilled to begin trading on the
OTCQB Market. This cross-trading facility provides an opportunity
to open trading and investment in Ethernity to the North American
investor community. Ethernity's innovative and patented data
processing semiconductor technology, which scales up to provide
complete system solutions that utilize our data processing
technology, allows customers to deploy innovative differentiated
products in the 5G-driven market.
"We have strong sales growth with a high profile North
American customer, as well as from the recently signed contracts
leading into and beyond 2023, with further anticipated growth from
additional possible contracts. We welcome the chance to share our
fast-developing and exciting story on the US stage as well as the
UK one."
Jonathan Dickson, Vice President
of Corporate Affairs, OTC said: "We are delighted to
welcome Ethernity Networks Ltd to the OTCQB in the United States. With Ethernity's primary
listing remaining on London's AIM,
the OTCQB's cross-trading facility will allow Ethernity to broaden
its horizons."
About Ethernity Networks
Ethernity Networks (AIM: ENET.L) (OTC: ENETF) 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 deployment of 5G, edge computing, and NFV.
Investor Relations contact: Jonathan
Paterson Email: jonathan.paterson@harbor-access.com Tel: +1-475-477-9401
Media and Analyst contact: Kevin Tanzillo
Email: media@ethernitynet.com Tel: +1-903-865-1078
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SOURCE Ethernity Networks