Ethernity Networks Ltd. (GB:ENET) has released an update.
Ethernity Networks Ltd., a key player in data processing semiconductor technology, has reported an update on its $1.05 million contract with a top-tier US aerospace systems provider, with the project awaiting U.S. government approval. Despite a delay in approval, Ethernity has completed initial milestones and is preparing for an immediate 40% payment of the contract value once clearance is granted. Additionally, the company’s technical teams are actively training the aerospace firm’s staff to ensure swift progress post-approval.
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