Specialises in products helping computer networks run efficiently
Focuses on field-programmable gate array (FPGA) technology
FPGA market estimated to be worth around US$9.8bn by 2021
- Signs FPGA Smartnic deal with Chinese firm FiberHome
What Ethernity does
The Company’s main focus is on the use of field-programmable gate array (FPGA) technology, essentially a programmable system that helps to reduce pressure on computer processors and networks.
This type of technology is useful for computer systems that deal with large amounts of data going through them, such as video streaming networks and online gaming.
Ethernity says that by offloading computer functions such as networking and security to the FPGA, the actual CPU will be freed up to perform other tasks.
This usually helps improve computer performance as well as cutting power consumption.
The FPGA market is a growing segment in the exploding computing sector, with an estimated value of around US$9.8bn by 2023.
How is it doing
Revenues were higher in the second half of 2018 over the same period in 2017 due to an increase in activities around these licensing deals, Ethernity said.
“This trend has continued into the first quarter of 2019, with revenues materially surpassing the same period of 2018.
In 2020, the Company anticipates commencing the generation of cash flow from trading operations during the second half of the year.”
David Levi, Ethernity's chief executive, said there were also discussions underway that will allow for 'multiple times' growth in 2020 as operators work through testing phases and reach mass deployment.
The group's revenues in 2018 eased slightly to US$1.1mln (US$1.5mln), while losses came in at US$2.55mln (US$159,000 profit). Net cash at the year-end was US$8.5mln.
Chinese firm FiberHome is one the world’s largest suppliers of equipment for fibre optic networks.
FiberHome has chosen Ethernity’s ACE-NIC100 FPGA SmartNIC to be included within its FitBNG, Broadband Network Gateway (BNG).
The product will be promoted to FiberHome’s core Chinese telecom operator clients, including China Unicom, China Telecom, and others that serve tens of millions of households.
What the boss says: David Levi, chief executive
"The second half of the year saw a major change in securing lucrative technology licensing deals with Tier-1's that will generate ongoing recurrent revenue in the years to come.”
- Just signed deal ith huge Chinese optical network group, Fiberhome
- Company says it is in closing stages on another deal
- This is with US Tier one OEM provider is for its programmable FPGA
- As it is programmable, module can be used for a variety of applications
- This market is still evolving and will develop fully from 2021 onwards
Levi believes the programmable capability of its product gives it huge advantage.
No one else has this capability, he says, even Intel, with Ethernity chosen ahead of the US chip giant in current discussions
This is going to be a huge market, believes Levi.
“With our product, the [Tier-1] companies do not need to develop their own platforms.