Ethernity Networks Ltd (AIM:ENET) has received what it described as a “breakthrough” order worth roughly US$3mln with a Chinese broadband network original equipment manufacturer.
It is the largest order the company has won since it floated in June 2017.
Under the contract, Ethernity will supply its ENET 4820 and ENET 5200 FPGA (field-programmable gate array) system-on-chip (SoC) devices with support for four GPON (gigabit passive optical networking) optical line termination (OLT) ports and four 10Gbps (gigabits per second) XGS-PON OLT MAC ports, respectively, or for different combinations thereof. The SoCs will enable the two types of PON for use in the customer's 5G front-haul products, as well as other fibre access deployments.
The initial order will see products delivered in 2022 and 2023 with additional orders expected thereafter.
“This is Ethernity's largest single contract since the company's IPO and builds on the multiple new contract wins and orders over the last six months,” said David Levi, the chief executive officer of Ethernity.
“We are immensely pleased to have converted our PON technology into a deployable product via this significant entry into the Chinese marketplace and plan to extend this offering to other worldwide markets. The addition of PON to our global implementations is a validation of our statement that Ethernity's products cover network processing 'from the tower to the 5G core'. We look forward to our continued growth through the adoption of the entire range of our 5G router products into mass deployment in the coming years,” he added.