Ethernity Networks welcomes Yosi Albagli to its Board of Directors as Non-Executive Chairman

– ISRAEL, Lod –  Ethernity Networks Ltd (LON: ENET), a leading supplier of data processing offload solutions on programmable FPGA hardware for accelerating telco/cloud networks, today announced the appointment of Yosi Albagli to its Board as non-executive Chairman, effective immediately.

“We are excited to welcome Yosi to the Company as the Chairman of The Board. Yosi brings not only proven executive leadership and skills but a vast wealth of industry knowledge that we are confident will play a significant role towards the Company achieving its goals.” said CEO, David Levi.

About Yosi Albagli

Yosi Albagli has over 30 years of experience in engineering, business strategy and management, and entrepreneurship in the communications industry. After spending ten years as an engineer at Israel Aircraft Industries and Tadiran Telecom, he co-founded and served as President and CEO of Tdsoft Ltd in 1994, leading the company from its foundation toward becoming the leader in V5 solutions. In 2005, he led a reverse merger with VocalTec (NASDAQ: VOCL) becoming President, CEO, and a board member, growing the company’s market share, and establishing it as a leader in Voice-over-IP technology.

Yosi also served as President and CEO of CTWARE Ltd., as a board member of ITGI Medical, and as President of the Satellite Communications division for Orbit Communication Systems (TLV: ORBI), where he changed the company’s focus toward targeting high-end, complex solutions. Since he co-founded the company in 2013, Yosi has served as the Chairman of Over-Sat Ltd, which provides communications solutions for the maritime, airborne, and government markets. Yosi is a Cum Laude graduate of The Technion – Israel Institute of Technology with a BSc degree in Civil Engineering and a veteran of the Israeli navy, in which he taught electronics.

Yosi Albagli commented: “I am thrilled to be joining Ethernity and its outstanding team. I look forward to the challenges of the Board leadership and being able to contribute significantly and positively to the future growth and success of the Company.”

About Ethernity

Ethernity Networks Ltd. provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks performance. Ethernity’s FPGA logic offers complete Carrier Ethernet Switch Router data plane processing and control software with a rich set of networking features, robust security, and a wide range of virtual function accelerations to optimize telecommunications networks. Ethernity’s complete solutions quickly adapt to customers’ changing needs, improving time-to-market and facilitating the deployment of 5G and edge computing.

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