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 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).
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.
| Software Industry | Information Technology Sector | Mr. David Levi BSC E.E, MBA CEO | OTC PINK Exchange | IL0011410359 ISIN |
| IL Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Ethernity Networks Ltd. is an influential provider of advanced technology solutions catering to the telecom, mobile, security, and data center sectors across diverse geographic regions including Asia, Europe, Israel, and the United States. Originally founded as Neracore Ltd., the company underwent a rebranding to Ethernity Networks Ltd. in August 2004. Since its inception in 2003, Ethernity Networks has built a solid reputation for developing and supplying innovative data processing technology and solutions, primarily focused on carrier Ethernet switching. With its headquarters located in Airport City, Israel, the company stands at the forefront of delivering cutting-edge technological advancements to the market, fostering efficiency and scalability within networking and security frameworks.
Designed specifically for telco/cloud networks, ENET Flow Processors embody the core of Ethernity's product line, facilitating robust carrier Ethernet switching capabilities.
An innovative network interface card (NIC) that supports open flow, enabling software acceleration to enhance network performance and efficiency.
Offers a higher level of connectivity through 10/25G Ethernet, integrated with field-programmable gate array (FPGA) acceleration, marking a step up in network solution sophistication.
This product extends flexible Ethernet connectivity options (10/25/40/100G), coupled with programmable FPGA acceleration, tailored for demanding network environments requiring high-speed data processing.
Ethernity Networks provides a range of ENET network appliances, including:
Ethernity Networks leverages FPGA technology to offer bespoke networking and security solutions. These are aimed at telco/cloud equipment manufacturers and system integrators, providing them with the necessary tools to build advanced, secure, and efficient systems.