REG - EnSilica PLC - $2.4m contract secured with existing customer

EnSilicaAnnouncement

03/04/2023 07:15

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RNS Number : 0474V  EnSilica PLC  03 April 2023

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to be in the public domain.

 

3 April 2023

 

EnSilica plc

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

 

EnSilica secures $2.4m contract with an existing customer

 

EnSilica, a leading mixed signal chip maker, is pleased to announce that it
has secured a contract with an existing European based customer for
approximately $2.4 million ('the Contract'). This most recent award with a
longstanding EnSilica customer follows a period of strong new business
momentum over the last four months, with contracts announced and others
secured by the Company since 30 November 2022 totalling approximately $13.5
million and underpinning current market expectations.

 

The Contract, the third secured by EnSilica with this customer, is to develop
a TSMC 12nm FinFET ASIC using multiple high-speed Ethernet network interfaces.
The Contract revenue spans the current and next financial year of the Company
(ending 31 May).

 

Ian Lankshear, Chief Executive Officer of EnSilica plc, commented:

 

"We are delighted to have been awarded this further contract with a valued
EnSilica customer; strengthening our ongoing association with them and
demonstrating their continuing confidence in our design and delivery
capabilities."

 

For further information please contact:

 

 EnSilica plc                                                      Via Vigo Consulting

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

 Matthew Wethey, Chief Financial Officer

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

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

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

 Joscelin Pinnington/Tony Quirke (Sales & Corporate Broking)

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

                                                                 (mailto:visum@vigoconsulting.com)
 Jeremy Garcia / Kate Kilgallen

 

Definitions:

 

·    FinFET (FIN Field Effect Transistor) - A three dimensional transistor
architecture that uses a raised channel (the "fin") from source to drain.
FinFETs replaced CMOS for technology nodes smaller than 20 nm.

·    TSMC - Taiwan Semiconductor Manufacturing Company

 

About EnSilica

 

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. The company also offers a broad portfolio of core IP covering
cryptography, radar and communications systems. 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, Brazil.

 

 

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