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ENET Ethernity Networks Ltd

0.675
0.00 (0.00%)
Last Updated: 08:46:41
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ethernity Networks Ltd LSE:ENET London Ordinary Share IL0011410359 ORD NIS0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.675 0.65 0.70 0.85 0.625 0.85 10,116,613 08:46:41
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec 2.94M -8M -0.0212 -0.32 2.53M

Ethernity Networks Ltd Delivery of ACE-NIC100 for Major Korean OEM (1776N)

16/01/2019 7:00am

UK Regulatory


Ethernity Networks (LSE:ENET)
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RNS Number : 1776N

Ethernity Networks Ltd

16 January 2019

Ethernity Networks Successfully Completes Delivery of Its ACE-NIC100 for Major Korean OEM

100Gbps SmartNIC featuring Ethernity's leading ENET Flow Processor FPGA software provides accelerated networking performance for telco/cloud appliances

Ethernity Networks (AIM: ENET.L), a leading innovator of software-defined network processing and security solutions on programmable hardware, today announces it has successfully completed inaugural delivery of its 100Gbps ACE-NIC100 FPGA SmartNIC to a major Korean OEM.

The ACE-NIC100 will be incorporated into commercial off-the-shelf (COTS) servers that come with fewer CPU cores compared to regular data centre servers, resulting in significant power and cost reduction. The combination of the powerful ACE-NIC100 with edge-optimised COTS servers deliver a high-performance yet affordable and energy efficient platform, ideal for network edge virtualisation.

"Our Korean customer's investment in building an edge solution based on our ACE-NIC100 shows recognition of Ethernity's leadership as a provider of networking and security processing software and firmware technology in the field of FPGA SmartNICs," said David Levi, CEO at Ethernity Networks. "This is further proof and support of our position that FPGA-based technologies are the ideal platform for data path networking acceleration."

The contract between Ethernity and the Korean OEM signed in June 2018 specified the final delivery of a customized solution on FPGA, embedding Ethernity's rich networking features including hierarchical QoS, flow classification, protocol offloading, and routing, with scheduled end-of-year acceptance by the customer.

Leveraging Ethernity's successful experience with multiple customers of its first-generation ACE-NIC40 SmartNIC, the next-generation ACE-NIC100 is scheduled for further delivery this year to additional partners and OEMs. This is aligned with the Company's strategy of transitioning from selling technology to offering complete products and solutions, which is expected to result in anticipated significant growth for the Company.

For more information on the ACE-NIC100, please meet us at the IMA Pavilion in Hall 2 of the Mobile World Congress 2019 in Barcelona, February 25-28, or visit our website.

Terms used in this release:

 
 Edge Computing                A paradigm in which computation occurs in 
                                distributed devices toward the edge of the 
                                network instead of in a centralized cloud 
                                or data centre 
 Network edge virtualisation   The application of a simulated computing 
                                environment through software (instead of 
                                a physical version) to functions and applications 
                                at the edge of the network, thereby enabling 
                                network agility and reduced operator costs 
                              --------------------------------------------------- 
 Hierarchical QoS              Hierarchical Quality of Service. A feature 
                                that improves network efficiency by classifying, 
                                prioritising, and scheduling user data traffic, 
                                and by allocating network resources to services 
                                based on that prioritisation 
                              --------------------------------------------------- 
 Flow classification           The automated application of a policy to 
                                sequences of user data traffic, categorising 
                                them in order to assign them a priority 
                                level within the network traffic 
                              --------------------------------------------------- 
 Protocol offloading           A process that removes data processing protocols 
                                from CPUs and assigns them to network interface 
                                cards, which are better equipped to handle 
                                them, thereby improving performance and 
                                reducing CPU overhead 
                              --------------------------------------------------- 
 

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 Broker)   Tel: +44 207 614 5900 

Tom Price / Benjamin Cryer

Media Contact

Kevin Tanzillo

Email: media@ethernitynet.com Tel: +1-903-865-1078

About Ethernity Networks

Ethernity Networks (AIM: ENET.L) provides innovative software-defined networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ported onto any FPGA, Ethernity's software offers complete data layer processing with a rich set of networking features, robust security, and a wide range of virtual functions to optimize your network. Our ACE-NIC smart network adapters, ENET SoCs, and turnkey network appliances offer best-in-class all-programmable platforms for the telecom, cloud service provider, and enterprise markets. We offer our customers complete solutions that quickly adapt to their changing needs, improving time-to-market and facilitating the deployment of edge computing, 5G, IoT, and 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.

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January 16, 2019 02:00 ET (07:00 GMT)

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