Ethernity Networks Limited (LON:ENET) rose on Wednesday on news it has completed the inaugral delivery of a new server product to a Korean OEM under an agreement announced in June.
Ethernity’s technology is designed to help servers run faster and more efficiently and deployment of the 100Gbps ACE-NIC100 FPGA SmartNIC will mean significant power and cost reduction, it said.
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"Our Korean customer's investment in building an edge solution based on our ACE-NIC100 shows recognition of Ethernity's leadership as a provider of networking and security processing software and firmware technology in the field of FPGA SmartNICs," said David Levi, chief executive.
"This is further proof and support of our position that FPGA-based technologies are the ideal platform for data path networking acceleration."
in early afternoon trading, shares in Ethernity Networks were 1.4% higher at 37.50p.
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