Ethernity Networks Signs New Contract with Existing OEM Customer
LOD, Israel – August 5, 2020 – Ethernity Networks (AIM: ENET.L), a leading supplier of networking processing technology ported on FPGA (field programmable gate array) for virtualized networking appliances, announced it has signed a new contract with an existing European OEM customer based in St. Petersburg to upgrade an existing hardware platform with new FPGA-firmware.
The hardware will be deployed as an enterprise 1Gbps/10Gbps customer premises equipment (CPE) router appliance supporting tens of thousands of flows with integrated security. The customer plans to deploy these appliances for SD-WAN in schools, hospitals and medical clinics, post offices and social facilities, as well as in state-funded digital development programs.
The agreement provides for staged payments totalling $190,000 on a milestone basis during 2020 and 2021, followed by ongoing product sales revenues anticipated at between $80 to $150 per Ethernity ENET System-on-Chip (SoC). Based on the nature of the appliance as an enterprise router CPE, pending successful execution the customer anticipates shipment of approximately 10,000 units during 2021.
Ethernity’s ENET SoC is ideal for SD-WAN in that it provides deterministic high-performance routing functionality and intelligent load distribution with extremely low latency over FPGA, which saves valuable space and power at the customer premises. It also offers enhanced security with high-speed IPSec tunnelling protocol offload and termination, Access Control List, tens of thousands of NAT flows, and fast failover detection.
Oded Bergman, VP of Products and Business Development at Ethernity Networks, said: “Today’s CPE deployments have become more advanced, with multi-gigabit throughput and SD-WAN. SD-WAN enables flexible deployments and higher level of control across the network. Traditional software-based access infrastructure cannot handle the required levels of throughput for such network designs, and ASIC-based CPE cannot provide sufficient agility, so companies are turning to FPGA-based solutions. We look forward to helping bring this product to market.”
About Ethernity Networks
Ethernity Networks (AIM: ENET.L) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ethernity’s FPGA logic offers complete Carrier Ethernet Switch Router data plane processing and control software with a rich set of networking features, robust security, and a wide range of virtual function accelerations to optimize telecommunications networks. Ethernity’s complete solutions quickly adapt to customers’ changing needs, improving time-to-market and facilitating the deployment of 5G, edge computing, and NFV.