Ethernity Networks progressing contract with wireless vendor
Networking semiconductor technology company Ethernity Networks updated the market on the delivery of its contract with an unnamed “international wireless connectivity vendor” on Monday, for the supply of its ‘UEP’ module, as announced last July.
The AIM-traded firm said it had now delivered the ‘Universal Edge Platform’, or UEP, module adapted for use in conjunction with a “leading” OEM wireless backhaul transmission product to the customer, in line with the contract, following the successful conclusion of the development and prototype testing stages.
It said it was now progressing to the production of the remaining UEP modules under the initial committed contract.
The company described the completed UEP module as being of a “similar design” to its upcoming ‘UEP2025’, which was planned to generate additional revenue over and above the initial contracted revenue associated with the contract.
Ethernity said it had also completed the development of the UEP2025, and was now moving it to the initial production stage, where it will undergo pre-scheduled testing with potential customers, followed by targeted volume availability in the fourth quarter.
It said the UEP2025 would be equipped with its patented wireless link bonding, and was targeted to serve as an “ideal disaggregated, all-in-one, wireless backhaul” indoor unit, facilitating 5G infrastructure deployment by offering higher bandwidth transport, faster time to market, and lower cost to deploy.
“The move to the manufacture and supply of the UEP module for our OEM customer is a significant achievement,” said vice-president of research and development, Shavit Baruch.
“Furthermore, the completion of the integration of the UEP2025 is a significant milestone, opening the doors for deliveries into multiple sectors of the 5G infrastructure market that were previously unavailable to the company's sales efforts.”
At 1407 BST, shares in Ethernity Networks were up 1.32% at 18.49p.
Reporting by Josh White at Sharecast.com.