Business
$4.6 million Follow-on Contract Win
$4.6 million Follow-on Contract Win.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n \n \n 20 September 2022\n \n \n \n ETHERNITY NETWORKS LIMITED\n \n \n \n (\"Ethernity\" or the \"Company\")\n \n \n \n \n \n \n $4.6 million Follow-On Contract win\n \n \n \n \n \n \n \n Ethernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of networking processing semiconductor technology ported on FPGA (field programmable gate array) for virtualised networking appliances, is pleased to announce that it has signed a new follow-on contract with its existing customer, a Chinese broadband network OEM (the \"Customer\") following the initial contract with the Customer, details of which were announced on 18 October 2021.\n \n \n Highlights\n \n \n \n \n \n ·\n New follow-on $4.6 million contract with existing customer operating in India and China\n \n \n ·\n For the provision of devices to enable Fiber-to-the-Room deployment\n \n \n ·\n Brings total value of contracts with Customer for the Company's PON technology to $7.6 million\n \n \n 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 (CPE) for FTTR deployments.\n \n Fiber-to-the-Room is a disruptive trend that uses passive optical fiber to reach residential, retail, enterprise, and automotive 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.\n \n This is the second major contract with this Customer, following an original $3 million GPON and XGS-PON OLT SoC order in October 2021. Given the success of that initial project, the customer proposed a follow-up project to address the larger FTTR market, targeting residential deployments, and expanding the Company's reach into a new mass volume market. This brings total contracts values for the Company's PON technology w...