Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) vice president of marketing and business development Ilan Tevet shared details of a new $1.05 million license contract with a tier-one US-based aerospace company with Proactive's Stephen Gunnion, highlighting its significance in the aerospace electronics sector.
Tevet noted that this new customer is an aerospace electronics manufacturer and integrator that provides mission-critical solutions with deep domain expertise. He emphasised that the deal, with the majority of delivery expected to be completed during H2 2024, will leverage Ethernity’s silicon-tuned software for specific networking capabilities on an FPGA device. The collaboration could lead to further discussions and potential expansion in the future.
Tevet also provided updates on Ethernity’s UEP platform, which addresses fixed and wireless networks, including significant opportunities with leading OEM vendors who control almost a quarter of the wireless backhaul market. Additionally, he discussed the progress on integrating the PON OLT technology into the UEP, which is poised to tap into the growing remote OLT market, projected to reach over $160 million in 2024.