5th Aug 2020 14:57
Ethernity Networks Ltd - Israel-based supplier of networking processing technology - Announces it has signed a contract with an unnamed original equipment manufacturer customer, based in St Petersburg, to upgrade an existing hardware platform with new field programmable gate arrays-firmware. The agreement will see stage payments totalling USD190,000 on a milestone bases during the course of this year and 2021, including ongoing product sale revenues which are expected to be between USD80.00 and USD150.00 per system. The customer anticipates a shipment of around 10,000 units during 2021 which would give Ethernity additional revenue in excess of USD1.0 million.
Current stock price: 16.03 pence
Year-to-date change: down 63%
By Greg Roxburgh; [email protected]
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