ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

ENET Ethernity Networks Ltd

0.1575
-0.005 (-3.08%)
13 Nov 2024 - Closed
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
  -0.005 -3.08% 0.1575 0.155 0.16 0.1625 0.1575 0.1625 21,010,656 16:01:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec 3.78M -6.37M -0.0169 -0.09 613.67k

Ethernity Networks Ltd US Government Approves Aerospace Project

10/09/2024 10:26am

RNS Regulatory News


RNS Number : 5838D
Ethernity Networks Ltd
10 September 2024
 

 

10 September 2024

 

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

 

U.S. Government Approves Ethernity as a Supplier for Aerospace Project

 

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, provides an update on the $1.05m contract signed with a Tier 1 U.S.-based aerospace system products provider (the "Customer").

 

As previously disclosed, the $1.05m licensing deal with the Tier-1 U.S. aerospace vendor involves Ethernity delivering its silicon-tuned software to enable specific networking functionalities on the Customer's unique platform. As is customary for similar aerospace initiatives, the U.S. Government reviews and approves foreign suppliers who are delivering IP to such projects. We are now happy to update that the project has been granted U.S. Government approval, and will shortly move to the implementation phase, triggering immediate payment in respect of the milestones that have already been delivered by the Company, representing 40% of the contract value.

 

For further information, please contact:

 

Ethernity Networks Ltd

Tel: +972 3 748 9846

David Levi, Chief Executive Officer

Ayala Deutsch, Chief Financial Officer







Allenby Capital Limited (Nominated Adviser and Joint Broker)

Tel: +44 (0)20 3328 5656

James Reeve / Piers Shimwell (Corporate Finance)

Amrit Nahal / Stefano Aquilino (Sales and Corporate Broking)







CMC Markets UK plc (Joint Broker)

Tel: +44 (0)20 3003 8632

Douglas Crippen



 


Peterhouse Capital Limited (Joint Broker)

Tel: +44 (0)20 7562 0930

Lucy Williams / Duncan Vasey / Eran Zucker



 

About Ethernity (www.ethernitynet.com)

 

Ethernity Networks (AIM: ENET.L) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ethernity's semiconductor 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 Broadband Networks.

 

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGPUAPBUPCUBU

1 Year Ethernity Networks Chart

1 Year Ethernity Networks Chart

1 Month Ethernity Networks Chart

1 Month Ethernity Networks Chart

Your Recent History

Delayed Upgrade Clock