Ethernity completes all payments under creditor settlement plan

(Sharecast News) - Ethernity Networks announced on Thursday that it has completed all creditor payments under its previously-approved settlement plan, marking a key step in its financial restructuring. A court-appointed manager confirmed to the Lod Court that the company had met all obligations in full, with Ethernity now awaiting formal confirmation that it was no longer operating under the plan.

The AIM-traded firm said the conclusion of the settlement process underscored its focus on financial discipline and stability.

Ethernity said it was continuing to advance its commercial strategy, including its FPGA-based UEP solution for wireless and PON markets, as well as plans to expand into ASIC development.

At 1359 BST, shares in Ethernity Networks were up 2.4% at 0.03p.

Reporting by Josh White for Sharecast.com.