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Ethernity Networks Provides Update on PON Strategy

Why we think this is neutral

This RNS announcement provides a general update on Ethernity Networks' progress with its Passive Optical Network (PON) strategy. It does not contain any of the mandatory news types that would require a more detailed analysis, such as contract news, order news, trading update, or financial results.

Key Points

  • Ethernity provides update on progress with short-and long-term PON strategy
  • PON functionality to be included in planned ASSP solution, strengthening engagement with OEMs for existing FPGA-based UEP solution
  • Held discussions with leading PON vendors at ANGA COM exhibition, with potential for near-term orders and longer-term ASSP adoption
  • PON functionality positions Ethernity to address a wide range of vertical markets, including wireless backhaul, carrier ethernet, and remote/centralized PON OLT deployments

Summary

The technology company updates on its near-term and long-term PON strategy, highlighting progress in discussions with leading PON vendors and potential co-funding arrangements.

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing and PON semiconductor technology, provides an update on its short-and long-term PON strategy. The company believes the inclusion of PON functionality in its planned ASSP solution will strengthen its ability to re-engage with OEMs for its existing FPGA-based UEP solution, unlocking immediate revenue potential. Ethernity has held discussions with several leading PON vendors and believes these could lead to near-term orders for its FPGA-based solution, as well as longer-term adoption of its forthcoming ASSP.

GENERAL UPDATE