REG - EnSilica PLC - Additional automotive ASIC supply mandate

EnSilicaAnnouncement

22/05/2023 07:00

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RNS Number : 1157A  EnSilica PLC  22 May 2023

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22 May 2023

EnSilica plc

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

 

Additional automotive ASIC supply mandate

 

Existing automotive ASIC to be incorporated into additional vehicle models

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), is pleased to announce that its ASIC used in the
automotive vehicle launched in June 2022 (as announced by EnSilica on 21 June
2022) is now being designed into additional models by the premium automotive
company.

 

The initial contract saw EnSilica design and supply an ASIC for a flagship
vehicle model by a premium automotive manufacturer. The ASIC delivers key
differentiating features in the chassis control of the vehicle.

 

From 2025, the ASIC will be included in additional vehicle models in the
manufacturer's range, including their new range of electrical vehicles.
Accordingly, revenue from supply of the ASIC is anticipated to be
approximately $40 million over the next 6 years, reflecting the expected
material increase in supply starting in 2025.

 

Management expects to start seeing the additional revenues from this increased
demand in FY 2025, further strengthening the Group's forward order book.

 

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

 

"We are delighted to have extended demand of this innovative mixed signal ASIC
into new vehicle models, which will significantly increase the forecast
volumes for this device. This not only further establishes our ASIC business
model but also highlights the tangible benefit that can be created for our
customers as they seek to leverage our ASICs to differentiate their end
products."

 

For further information please contact:

 

 EnSilica plc                                                      Via Vigo Consulting

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

 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

 

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
India and Brazil.

 

 

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