REG - EnSilica PLC - $18m 7 Year Design and Supply ASIC Contract

EnSilicaAnnouncement

27/03/2025 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250327:nRSa3968Ca&default-theme=true

RNS Number : 3968C  EnSilica PLC  27 March 2025

The information contained within this announcement was deemed by the Company
to constitute inside information as stipulated under the UK Market Abuse
Regulation.

 

27 March 2025

 

 EnSilica plc 

("EnSilica", the "Company" or the "Group") 

 

EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract

 

Ongoing demand continues to underpin EnSilica's chip supply pipeline, now
valued at over $250m

 

EnSilica plc (AIM:ENSI), a leading chip maker of mixed signal ASICs
("Application Specific Integrated Circuits"), is pleased to announce that it
has been awarded an $18m design and supply contract by a leading European
based supplier of electromechanical products for an Arm-based mixed signal
sensor interface ASIC to be used across a range of automotive and industrial
applications (the "Contract").

 

The total value of the Contract includes significant  Non-Recurring
Engineering ("NRE") payments and supply revenues, which is estimated to exceed
$18m over 7 years, based on quoted NRE fees and forecast production volumes.

 

EnSilica has been selected due to their significant experience in developing
mixed signal design ASICs, alongside a proven track record of bringing
automotive and industrial chips to high volume production..

 

The Contract will commence in April 2025, with NRE revenues falling into
EnSilica's current and next financial years, with supply revenues forecast to
commence during 2027.

 

This Contract not only reinforces EnSilica's expertise and market pedigree but
also materially increases the Company's chip supply pipeline, now valued at
over $250m.  The chip supply pipeline is the total expected lifetime chip
supply revenues that the Company has secured under customer contracts.

 

Ian Lankshear, CEO of EnSilica, commented:

 

"This is another exciting design win that enhances our growing portfolio of
ASICs and further improves the visibility of our recurring revenues from chip
supply. This new European customer is highly respected in the industry and has
a strong track record of shipping its products in high volume.

 

This Contract is a testament to the Company's ability to deliver high-quality,
reliable solutions that meet the evolving needs of the market,and further
demonstrates our team's commitment to excellence and innovation which
continues to drive our success and position EnSilica as a premier European
ASIC supplier."

 

For further information please contact:

 

 EnSilica plc                                                        via Vigo Consulting

 Ian Lankshear, Chief Executive Officer                              +44 (0)20 7390 0233

 Kristoff Rademan, Chief Financial Officer

 www.ensilica.com (http://www.ensilica.com/)

 Allenby Capital Limited, Nominated Adviser & Joint Broker           +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)                  info@allenbycapital.com (mailto:info@allenbycapital.com)

 Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)

 Singer Capital Markets, Joint Broker

 Rick Thompson / Asha Chotai                                         +44 (0)20 7496 3000

 Vigo Consulting (Investor & Financial Public Relations)             +44 (0)20 7390 0233 ensilica@vigoconsulting.com

                                                                   (mailto:visum@vigoconsulting.com)
 Jeremy Garcia / Kendall Hill / Anna Stacey

 

The person responsible for arranging release of this announcement on behalf of
the Company is Ian Lankshear, Chief Executive Officer.

 

About EnSilica plc

 

EnSilica is a leading fabless design house focused on custom ASIC design and
supply for OEMs and system houses, as well as IC design services for companies
with their own design teams. The company has world-class expertise in
supplying custom RF, mmWave, mixed signal and digital ICs to its international
customers in the automotive, industrial, healthcare and communications
markets. EnSilica has a track record in delivering high quality solutions to
demanding industry standards. The company is headquartered near Oxford,
UK and has design centres across the UK and in Bangalore,
India and Porto Alegre and Campinas, Brazil.  

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTFQLLLEXLXBBV