REG - EnSilica PLC - AGM Statement

EnSilicaAnnouncement

28/11/2024 07:00

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RNS Number : 9232N  EnSilica PLC  28 November 2024

28 November 2024

 

EnSilica plc

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

 

AGM Statement

 

The Board of EnSilica, a leading chip maker of mixed signal ASICs (Application
Specific Integrated Circuits), is holding its Annual General Meeting ("AGM")
at 10.00 a.m. today. At the meeting, Mark Hodgkins, Chair, will make the
following statement:

 

"I am delighted to report that EnSilica has continued to generate strong new
contract momentum during the first half of the current financial year ("HY
2025"), developing a significant pipeline of opportunities with businesses
operating across our key markets, including industrial and automotive. Our
sales pipeline is now projected to be worth an estimated US$450 million of
lifetime revenues, in addition to estimated recurring supply revenues from
design contracts already closed of US$224 million over the customer forecast
lifetime of the supply. Together, these forecasts underpin management's
confidence in the Group's near-to-medium term prospects. The Board therefore
expects EnSilica to continue to trade in line with consensus market
expectations for the financial year to 30 May 2025.

 

As evidenced by the volume of contract wins secured in HY 2025, we are
attracting strong interest for our services from a wide range of domestic and
international corporations. Pleasingly, the Group has made considerable
progress in marketing its ASICs supply capabilities, an important objective
for EnSilica as we focus on expanding our customer portfolio in our focus
markets. Supply wins continued to further diversify the Group's revenue
streams and will contribute towards our growing recurring revenues pipeline.

 

EnSilica is actively exploring new supply, non-recurring engineering and
consultancy opportunities to further strengthen the business and we remain
committed to investing in our growing intellectual property platforms to
increase our competitiveness and enable the Company to deliver higher gross
margins.

 

Supported by EnSilica's sizeable order book and current new business pipeline,
management's near-to-medium term outlook on the Company's growth potential
remains positive. As demand for trusted and resilient semiconductor supply
chains increases worldwide, EnSilica is well-placed to enhance its reputation
as a premier European chipmaker with a global reach."

 

 

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

 

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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