Brings total value of contracts with customer for Ethernity's
PON technology to $7.6M
AIRPORT CITY, Israel, Sept. 20,
2022 /PRNewswire/ -- Ethernity Networks (AIM: ENET.L)
(OTCQB: ENETF), a leading supplier of networking processing
semiconductor technology ported on FPGA (field programmable gate
array) for virtualized networking appliances, announced today that
it has signed a new $4.6 million
follow-on contract with its existing customer, a Chinese broadband
network OEM.
Under the contract, Ethernity will supply system-on-chip (SoC)
devices with support for Gigabit Passive Optical Networking (GPON)
Optical Line Termination (OLT), adapted to enable Fiber-to-the-Room
(FTTR) deployments. The Ethernity solution offers GPON OLT over an
extremely low-cost FPGA to serve residential and small-office
Customer Premises Equipment for FTTR deployments.
Fiber-to-the-Room is a disruptive trend that uses passive
optical fiber to reach residential, retail, and enterprise
deployments. Passive fiber-optic deployments provide greater
reliability and performance than Wi-Fi and a greener and more
power-efficient solution than traditional copper cabling. By
bringing fiber into the individual rooms of an apartment or small
office, end-users can benefit from higher throughput with an
unmatched level of service to enable today's most data-hungry
applications without experiencing lags.
This is the second major contract with this customer, following
an original $3M GPON/XGS-PON OLT SoC
order in October 2021. Given the
success of that initial project, the customer proposed a follow-on
project to address the larger FTTR market, targeting residential
deployments and expanding Ethernity's reach into a new mass-volume
market.
This is the largest single FPGA volume-based contract that
Ethernity has entered into to-date. With the device being a major
enabler within a next-generation home gateway and considering the
significant estimated volumes indicated by the customer beyond the
committed volume per the contract, this may justify porting the
design integrated on the FPGA to an Application Specific Integrated
Circuit (ASIC) to allow long-term competitive pricing.
David Levi, CEO, Ethernity
Networks said: "This deal confirms our prior expectations that
Ethernity's contract wins would lead to follow-on business. We are
extremely pleased with the advances we have made on a deployable
PON product with this OEM customer, and we are excited to begin
work on this extended offering for the new FTTR market. This is a
totally untapped market for Ethernity that utilizes our existing 5G
infrastructure technology to serve a major connected residential
market. I believe this is the tip of the iceberg in this growing
market for Ethernity with further potential to generate significant
additional revenue flows."
About Ethernity Networks
Ethernity Networks (AIM:
ENET.L) (OTCQB: 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