Ethernity secures $290k contract extension

(Sharecast News) - Data processing semiconductor technology supplier Ethernity said on Friday that it has secured an extension to its $1.05m contract signed with a tier 1 US-based aerospace system products provider. Ethernity confirmed that its licensing deal with the unnamed customer has been extended by an additional $290,000, bringing the total contract value to $1.34m.

The AIM-listed group stated the additional work would be dedicated to the development of additional functionalities beyond the original scope of the project, with implementation anticipated over the next three months.

Ethernity added that it anticipates receiving further revenue from the customer during H225.

As of 0945 GMT, Ethernity shares were untraded at 0.030p.









Reporting by Iain Gilbert at Sharecast.com