REG - EnSilica PLC - €2.13 million European Space Agency Contract

EnSilicaAnnouncement

05/03/2025 07:00

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RNS Number : 3362Z  EnSilica PLC  05 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.

 

5 March 2025

 

 EnSilica plc 

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

 

€2.13 million European Space Agency Development Contract

 

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 a €2.13 million development contract under the European
Space Agency's ("ESA") Navigation Innovation and Support Programme ("NAVISP")
Element 2 (the "Project").

 

Under the terms of the Project, EnSilica will receive funding covering 80% of
the €2.13 million Project costs. The Company will be focused on developing a
key silicon component to enable next-generation resilient multi-band Global
Navigation Satellite System ("GNSS") capabilities which are vital to ensuring
the world's critical infrastructure and services remain robust and secure in
the face of evolving global threats.

 

The NAVISP Element 2 programme helps to increase the competitiveness of
participating European states in the global market for satellite navigation
and enables these countries to be well positioned to capitalise on emerging
market opportunities across Positioning, Navigation and Timing ("PNT")
technologies and services.

 

EnSilica has a growing satellite communications market footprint and is
working with support from ESA and UKSA, with the latter organisation awarding
the Company £10.38 million in February 2025 for a development project under
its Connectivity in Low Earth Orbit programme.

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented: 

 

"I am extremely proud of our team to have been awarded this contract under the
ESA NAVISP Element 2. This funding will enable us to further enhance global
navigation satellite systems technology and continue to develop commercial
solutions that are critical for resilient and reliable satellite navigation.

 

We are grateful for the ongoing support from ESA and the UKSA, and we continue
to focus on PNT and the broader satellite communications market as a key
growth driver of our business."

 

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.  

 

 

 

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