Ethernity Networks Ltd. (GB:ENET) has released an update.
Ethernity Networks Ltd. has announced a fundraising effort to bolster its growth, raising £540,500 through the issuance of new ordinary shares, accompanied by warrants. The company is strategically positioning itself in the networking technology market, leveraging its patented ENET data processing technology for significant potential revenue growth. This move is supported by recent agreements with Tier-1 US customers and is aimed at capitalizing on opportunities within the expanding mobile bandwidth demand.
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