Business
Fibre Controller Contracts Progress
Fibre Controller Contracts Progress.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n \n \n 6 March 2023\n \n \n \n ETHERNITY NETWORKS LTD.\n \n \n \n (\"Ethernity\" or the \"Company\")\n \n \n \n \n \n \n \n \n Fibre controller contracts progress\n \n \n \n \n \n \n \n \n Ethernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, is pleased to provide an update on the fulfilment of its contracts with its Asian broadband network OEM customer (the \"Customer\").\n \n \n \n \n \n \n $3 million contract (announced 18 October 2021)\n \n \n \n \n \n \n The Company has successfully completed the integration of its XGS-PON Optical Line Termination (OLT) fibre access controller onto the Customer's board and has completed interoperability with three 3rd party Optical Networking Units (ONUs) servicing the end user network. The Company has commenced shipment of its ENET5200 Quad XGS-PON System-on-chip (SoC) controller device to the Customer in line with the contract term and remains on track to record the majority of the revenues under this contract during the course of 2023.\n \n \n \n \n \n \n $4.6 million contract (announced 20 September 2022)\n \n \n \n \n \n \n The Customer completed manufacturing of the first units of its Fibre-to-the-Room (FTTR) gateway to enable the start of the integration process, similar to the one completed for the XGS-PON platform. Following on from an initial order that was shipped this quarter, Ethernity has now received the second order for devices from the Customer under the $4.6 million contract, for 5,000 units of its Gigabit PON OLT fibre controller SoC devices for use in FTTR deployments. It is anticipated that these devices will be ready for shipment to the Customer in Q3 2023. The Company anticipates that the revenues under this contract will be recorded during 2023 and 2024.\n \n \n \n \n \n \n Further fibre controller business progress\n \n \n \n \n \n \n Ethernity has seen growing interest from multiple OEMs for its PON fibre controller devices and PON systems over and above the current signed contracts. As a result, the Company will target sales of licensing fees for its PON fibre controller SoC and sales of its PON fibre controller OLT system in various configurations. Our newly introduced state-of-the-art UEP3808 PON system resulted from the partnersh...