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 has a long-running relationship with the customer, which started in 2018 and has since seen the deployment of thousands of Remote 10G PON OLTs embedded with the ENET data processor semiconductor technology.
These product enhancements are expected to help the customer secure further orders for the Remote 10G PON OLT product, which would result in additional income for the Ethernity in the coming years.
David Levi, chief executive of Ethernity, stated: "Over the last few months the company has provided the customer with intensive support and proved once again that we are a trustworthy partner.
“We are pleased to have received this new product enhancement order, which will help maintain the customer's leading position in the Remote 10G OLT market, and win new business.
“This order confirms that our silicon-tuned data processing technology offers tremendous value to the market and provides significant differentiation for the customer's product."