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
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.