Business
Results for the Year Ended 31 December 2018
Results for the Year Ended 31 December 2018.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n \nRNS Number : 8840B Ethernity Networks Ltd 12 June 2019 \n\nEthernity Networks Ltd\n(Ethernity or the \"Company\")\nCompany registration number: 51-347834-7.\nResults for the Year Ended 31 December 2018\nEthernity Networks, headquartered in Israel, provides innovative networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ported onto any FPGA, Ethernity's software offers complete data plane processing with a rich set of networking features, robust security, and a wide range of virtual functions to optimise the network. The Company's ACE-NIC smart network adapters, ENET SoCs, and turnkey network appliances offer best-in-class all-programmable platforms for the telecom, cloud service provider, and enterprise markets offering its customers complete solutions that quickly adapt to their changing needs, improving time-to-market and facilitating the deployment of edge computing, 5G, IoT, and NFV.\nThe Company's core technology, which is populated on programmable logic, enables delivering data offload functionality at the pace of software development, improves performance and reduces power consumption and latency, therefore facilitating the deployment of virtualization of networking functionality.\n \nDavid Levi, Chief Executive said \"I am now significantly more positive of achieving our planned growth objectives in existing and new market places as I see the growth in interest in the Company's offerings and the opening of materially significant discussions that will lead to the Company making considered headway in 2019 and allow for multiple times growth in 2020 as the solutions pass testing phases by the operators and reach mass deployment.\"\n \nFor further information, please contact:\nEthernity Networks Tel: +972 8 915 0392\nDavid Levi, Chief Executive Officer \nMark Reichenberg, Chief Financial Officer \n \nArden Partners plc (NOMAD and Broker) Tel: +44 207 614 5900\nTom Price / Benjamin Cryer\n \nMarket Abuse Regulation\nThe information communicated in this Announcement is inside information for the purposes of Article 7...