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Ethernity Networks sees major revenue potential on back of China deal

David Levi, chief executive of Ethernity Networks PLC (LON:ENET), tells Proactive they've attracted a first customer for their new programmable cloud-based data platform.

He says the technology represents a significant development for the industry and has the potential to generate annual revenues of up to US$90mln in coming years.

Chinese network firm TiComm has chosen the platform to speed up and lower the cost of data network transactions.

Ethernity and TiCOMM will jointly showcase the solution at this month’s Mobile World Congress in Barcelona.

Quick facts: Ethernity Networks Ltd

Price: 43.5 GBX

AIM:ENET
Market: AIM
Market Cap: £14.16 m
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