Ethernity Networks Signs Contract with Tier 1 North American Defense Contractor
LOD, Israel, November 27, 2018 – Ethernity Networks (AIM: ENET.L), a leading innovator of network processing technology and products, announced today that it has signed a contract to supply a tier 1 North American aviation and defense OEM with its ENET Switch/Router firmware and software. Ethernity will integrate its firmware on the customer’s FPGA-based avionics platform.
The contract represents significant short-term revenue for Ethernity, with additional future royalty streams. This agreement is the second recently announced contract with a tier 1 OEM for Ethernity within the past five weeks, following the company’s announcement of October 24 to provide similar networking functionality on a tier 1 OEM’s FPGA-based optical networking platform.
The two recent contracts also represent a major change in the market in which vendors build programmable FPGA-based platforms instead of ASICs as their preferred vehicle for deployments with multiple applications, including networking functionality. This trend, when added to the new Open Compute Project (OCP) platforms based entirely on FPGAs and the adoption of FPGA-based SmartNICs, should result in greater business opportunities for Ethernity’s patented ENET Flow Processor technology.
“This contract further confirms that our extensive networking solutions can bring tremendous value to numerous market sectors at the tier 1 OEM level,” said David Levi, Ethernity’s CEO. “This further enables us to build strong partnerships with industry leaders in the various markets that require customized networking solutions.”
“We are very pleased to have been chosen to partner with one of the world’s top aviation manufacturing companies,” said Rob O’Hara, Ethernity’s Vice President of International Sales. “I believe this to be an indication of Ethernity’s prominent position in the market for best-in-class networking processing and security technology for FPGA platforms.”
Additional information on Ethernity’s FPGA-based ENET Flow Processor is available at www.ethernitynet.com.
About Ethernity Networks
Ethernity Networks (AIM: ENET.L) is a leading innovator of network processing technology and products. Mounted on low-cost COTS FPGAs and with a rich set of networking features, Ethernity’s ACE-NIC smart network adapters, ENET SoCs, and network appliances offer best-in-class all-programmable platforms for the fixed and mobile telecom, enterprise security, and data centre markets. Our complete offering, incorporating hardware, FPGA firmware, and software applications, enables full programmability at the pace of software development, quickly adapting to changing market demands and applications and facilitating the deployment of edge computing, 5G, and SDN/NFV.