Ethernity secures $200k product enhancement order

13th Aug 2024 10:25

(Sharecast News) - Data processing semiconductor technology business Ethernity Networks has secured a $200,000 product enhancement order from a leading US-based broadband systems provider.

Ethernity said on Tuesday that the order was for the customer's Remote PON OLT hardened platform, with the enhancements based on existing ENET data processing technology. They will be integrated into the customer's existing product during H224

The AIM-listed group stated the order represented a further development of the relationship with the customer, following the successful rollout of its Remote 10G OLT product. The Customer initially engaged with Ethernity in 2018.

Chief executive David Levi said: "Over the last few months the company has provided the customer with intensive support and proved once again that we are a trustworthy partner. We are pleased to have received this new product enhancement order, which will help maintain the customer's leading position in the Remote 10G OLT market, and win new business.

"This order confirms that our silicon-tuned data processing technology offers tremendous value to the market and provides significant differentiation for the customer's product."

As of 1025 BST, Ethernity shares were up 9.09% at 0.60p.

Reporting by Iain Gilbert at Sharecast.com