Ethernity networks (ENET) signs a contract to supply a tier 1 North American aviation and defence OEM (original equipment manufacturer).
Ethernity networks will supply its ENET Switch/Router firmware and software, integrating its firmware on the customer’s FPGA-based avionics platform.
The contract will provide an immediate $400,000 short term revenue, with additional future royalty streams.
Last month the company signed a similar contract with another tier 1 OEM, the total value of both deals reaching almost $1 million, plus additional royalties annually.
Shares in ENET were up 10% following the announcement to 21p each
The company is taking advantage of the change underway in the market whereby vendors build FPGA-based platforms for deployments with multiple applications.
A field-programmable gate array (FPGA) is an integrated circuit designed to be configured by a customer or a designer after manufacturing - "field-programmable".
The company also noted that new Open Compute Platforms based entirely on FPGA’s and other FPGA-based adoptions is expected to result in “greater business opportunities” for Eternity’s patented ENET flow Processor technology.
"We are very pleased to have been chosen to partner with such a well-respected aviation manufacturing company," said Rob O'Hara, Ethernity's Vice President of International Sales.
"I believe this to be an indication of Ethernity's prominent position in the market for best-in-class networking processing and security technology for FPGA platforms."
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