U.S. Aerospace Project extension
U.S. aerospace customer contract extended by $290,000 to $1.34 million total value.
- Contract extension $290,000
- Total contract value $1.34 million
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Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces an extension to its $1.05 million contract signed with a Tier 1 U.S.-based aerospace system products provider (the "Customer"), details of which were first announced on 28 June 2024.
On 13 March 2025, the Company announced that it anticipated an extension to the project and we are now pleased to confirm that the licensing deal with the Customer has been extended by an additional $290,000, bringing the total contract value to $1.34 million. The additional work will be dedicated to the development of additional functionalities beyond the original scope of the project, with implementation anticipated over the next three months.
The Company anticipates further revenue from the Customer during H2 2025.
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