Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Ethernity reports positive discussions with potential customers
(Sharecast News) - Networking processing semiconductor technology specialist Ethernity Networks said in an update on Thursday that, throughout the year to date, it had engaged positively with several potential new customers, including two OEM vendors. The AIM-traded firm said the vendors, after extensive evaluation of its Universal Edge Platform (UEP), had expressed interest in adopting and launching the product to their customer bases.
Negotiations were currently underway with the vendors for potential contracts that could result in significant business for Ethernity.
Additionally, the board said two more OEM vendors had signalled interest in contracting Ethernity for the delivery of a UEP-based design.
Based on the scopes of work discussed with the potential new customers, potential contracts could contribute between $2.2m and $3m to the company's revenues in 2024, with potential for even higher revenues in 2025 and beyond.
While the board cautioned that there were no guarantees regarding the discussions leading to contracts, it viewed the interest in Ethernity's products as indicative of future growth potential, particularly in sales of complete system offerings combining the company's chip and software stack.
"Ethernity is seeing promising progress with current OEM vendor engagements, including several new ones," said chief executive officer David Levi.
"Such OEMs value Ethernity's programmable UEP, based on our semiconductor technology for ethernet access and passive optical network (PON) fibre access technology.
"Ethernity's technology is offered to its OEM customers via various business models from IP licensing, conversion to eASIC or ASIC, through to delivery of a complete customised system."
At 1545 GMT, shares in Ethernity Networks were up 7.7% at 0.73p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.