Business
U.S. Aerospace Project extension
U.S. Aerospace Project extension.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n\n \n28 March 2025\n \nETHERNITY NETWORKS LTD\n(\"Ethernity\" or the \"Company\")\n \nU.S. Aerospace Project Extension\n \nEthernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces an extension to its $1.05 million contract signed with a Tier 1 U.S.-based aerospace system products provider (the \"Customer\"), details of which were first announced on 28 June 2024.\n \nOn 13 March 2025, the Company announced that it anticipated an extension to the project and we are now pleased to confirm that the licensing deal with the Customer has been extended by an additional $290,000, bringing the total contract value to $1.34 million. The additional work will be dedicated to the development of additional functionalities beyond the original scope of the project, with implementation anticipated over the next three months.\n \nThe Company anticipates further revenue from the Customer during H2 2025.\n \n \nFor further information, please contact:\n \n\n\n\n\nEthernity Networks Ltd\n\n\nTel: +972 3 748 9846\n\n\n\n\nDavid Levi, Chief Executive Officer\nTomer Asis, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAllenby Capital Limited (Nominated Adviser and Joint Broker)\n\n\nTel: +44 (0)20 3328 5656\n\n\n\n\nJames Reeve / Piers Shimwell (Corporate Finance)\nAmrit Nahal / Stefano Aquilino (Sales and Corporate Broking)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCMC Markets UK plc (Joint Broker)\n\n\nTel: +44 (0)20 3003 8632\n\n\n\n\nDouglas Crippen\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nPeterhouse Capital Limited (Joint Broker)\n\n\nTel: +44 (0)20 7562 0930\n\n\n\n\nLucy Williams / Duncan Vasey / Eran Zucker\n\n\n\n\n\n\n\n\n \nAbout Ethernity (www.ethernitynet.com)\n \nEthernity Networks (AIM: ENET.L) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ethernity's semiconductor logic offers complete Carrier Ethernet Switch Router data plane processing and control 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-...