Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Signs an extended license contract for $475,000 with a unnamed ‘tier one US-based military aerospace customer’. The firm had received an advance payment of $80,000 last month, and expects payments for the contract to be received during November and December, bringing the total anticipated revenue to $555,000. Expects the contract to be fulfilled in the fourth quarter of 2023 and eyes revenue from customer in 2024 through support of the utilisation of the license on multiple platforms and systems. ‘The company is pleased to continue its relationship with this customer and, whilst there can be no guarantees, the board believes that this extended license contract could open the door for the company to penetrate into other platforms through collaboration with the customer leading to future support and design service revenue,’ it says.

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