3 E Network Begins Shipping on an Approximately $5 Million Storage Contract

3e Network Technology Company Limited (HK), a wholly owned subsidiary of 3 E Network Technology Group Limited, has started fulfilling the approximately $5.0 million storage contract announced Oct. 21 with its initial shipment.

The order primarily includes high-density enterprise memory modules and data center-grade storage controllers. Further batches are scheduled over the coming quarters under a mutually agreed timeline. Before shipment, the company's technical team completed system-level checks for compatibility and interoperability.

3 E Network expects to recognize sales revenue as it meets fulfillment milestones. It also expects customer payments to contribute to operating cash flow.

The company plans to direct cash flow from the business to its 9 MVA AI compute center in Mikkeli, Finland, which is in the hardware request-for-proposal evaluation phase, and to research and development for its next-generation AI storage controller.

Chief Executive Dr. Tingjun Yang said the contract had “transitioned from a signed agreement into tangible fulfillment.”