1st May 2020 14:22
(Alliance News) - Ethernity Networks Ltd on Thursday said it has secured a design contract with a US-based "tier-1" manufacturer.
The network technology and security firm will secure an immediate GBP495,000 for the supply of its ENET Swithc and Traffic Manager product.
"This contract represents a further development of the relationship with an existing North American tier-1 telecommunications original equipment manufacturer customer following an initial licensing deal in 2018. Following a successful field deployment of the previously licenced Ethernity platform, the customer has now advanced to deployment of a next-generation product based on Ethernity's advanced technology," Ethernity said.
The stock was 1.6% lower at 42.30 pence each in London on Friday afternoon.
By Eric Cunha; [email protected]
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