Ethernity Networks Ltd Order from new North American Tier-1 aerospace OEM (7456E)
10 November 2020 - 6:00PM
UK Regulatory
TIDMENET
RNS Number : 7456E
Ethernity Networks Ltd
10 November 2020
10 November 2020
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Order from New Tier-1 North American Aerospace Contractor
Customer
Ethernity Networks (AIM: ENET.L), a leading supplier of data
processing offload solutions running on programmable hardware and
used to accelerate telco/cloud networks, announces that it has
received an initial order from a new tier-1 North American
aerospace OEM customer to provide its ENET Avionic Ethernet Switch
firmware and software, integrated into Ethernity's FPGA-based
Universal Edge Platform (UEP) device.
The $122,000 order represents the customer's selection of
Ethernity's Avionics Ethernet Switch for its initial offering, and
pending the customer's successful program execution, could lead to
a significant expansion and further orders during 2021, which would
include certification of Ethernity's ENET Avionic Ethernet Switch
for critical avionics operation.
David Levi, Ethernity's CEO, said : "The addition of a second
tier-1 aerospace OEM customer brings confirmation that our Avionics
switch solution is a valuable asset within the military aerospace
market. It shows that Ethernity's FPGA-based offerings are
attractive to a diverse range of applications and industries, and
we expect 2021 to reflect the market's growing awareness of the
advantages Ethernity brings."
Ethernity's ENET Avionics Switch solution offers a specialized
FPGA-based Ethernet switch with an optimized feature set to support
the special reliability and safety requirements of the avionics
industry. The next-generation A664 aircraft data network addresses
real-time flight issues by reacting to constant changes in
conditions detected through sensors and communicated via
specifically defined embedded systems and switches using
deterministic Ethernet. Ethernity's Avionics Switch solution
provides full support for the ARINC 664 Avionics Switched Ethernet
network specification. Further details can be found at
www.ethernitynet.com .
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
Richard Johnson / Benjamin Cryer
VSA Capital Limited (Joint Broker) Tel: +44 20 3005 5000
Andrew Monk, Corporate Broking
Simon Barton, Corporate Finance
Peterhouse Capital Limited (Joint Broker) Tel: +44 20 7562 0930
Lucy Williams / Duncan Vasey / Eran Zucker
About Ethernity Networks
Ethernity Networks (AIM: ENET.L) provides innovative,
comprehensive networking and security solutions that run on
programmable hardware and are used for accelerating
telecommunications networks. Ethernity's FPGA logic offers complete
Carrier Ethernet Switch Router data plane processing 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.
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END
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