Ethernity Networks Ltd. (ENETF)
OTC PINK OTC PINK Primary 
Ethernity Networks shares on the move as it lands new patent
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) announced it received the grant of a new patent covering its method for routing, using longest prefix matching. The patent protects a design that supports large routing tables with minimal clock cycles, Ethernity noted, and highlighted that this removes the need for external TCAM components.
Ethernity Networks plunges on fundraising plans, including dilutive convertible loan note issue
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) shares dropped 31.25% to 0.0083p after the company announced a heavily dilutive £342,500 fundraising and called an extraordinary general meeting to approve changes to its share capital structure. The fundraising includes a £160,000 placing of over 711 million new shares at 0.02249p per share – a premium to the previous closing price – and a £182,500 convertible loan note (CLN).
Ethernity Networks surges 83% on renewed momentum and ASIC opportunity
Shares in Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) soared 83% in early trading on Wednesday after the semiconductor specialist unveiled a strategic shift into ASIC development and signalled early interest from major telecoms vendors. While full-year revenue fell to $1.38 million in 2024 from $3.78 million, and losses narrowed modestly, investors focused on signs of traction for the company's UEP-2025 platform.
Ethernity Networks expands US aerospace contract
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) told investors it has extended its existing aerospace contract with a Tier 1 US-based customer. An original $1.05 million deal arrangement, first announced in June, was increased by $290,000 to $1.34 million, with the work due to be delivered over the next three months.
Ethernity Networks announces change to management team
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) has announced a change in its executive team, with chief financial officer (CFO) and board member Ayala Deutsch stepping down with immediate effect. Tomer Assis will take up the role on an interim basis, meanwhile, a new executive search process will be undertaken.
Ethernity Networks highlights “positive transition” in second half of 2024
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) chief executive David Levi highlighted what it sees as “a positive transition during the second half of 2024”, as the company today reported its interim results. “[The company] anticipates further revenue growth in royalties, licensing, NRE and hardware components sales, both from existing customers and from new customers for our IP and UEP FPGA based solutions,” Levi said in the statement.
Ethernity Networks expects 40% contract payment on government approval
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) said there has been a government approval delay to the US$1.05m contract recently signed with a Tier 1 US-based aerospace system products provider. The licensing deal involves Ethernity delivering its silicon-tuned software to enable specific networking functionalities on the customer's unique platform and is contingent on US government approval.
Ethernity receives $200,000 product enhancement order from existing customer
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) has announced a $200,000 (£156,000) product enhancement order from an existing US-based broadband system provider customer. The enhancement will be integrated into the customer's Remote PON OLT platform during the second half of 2024.
Ethernity Networks lands $1mln US aerospace contract
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) has secured a $1.05 million license agreement with a new customer, described as a ‘Tier 1 US-based aerospace system products provider'. The contract sees the delivery of Ethernity's silicon-tuned software to enable networking functionalities on an FPGA device for the customer's platform.
Ethernity Networks agrees structured investment with New Technology Capital
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) announced it has entered into a structured investment deed which will see up to £800,000 of gross investment into the company. Proceeds are earmarked for general working capital purposes.
