REG - EnSilica PLC - Arm-Based Technology Contract Win

EnSilicaAnnouncement

04/03/2024 07:00

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RNS Number : 3680F  EnSilica PLC  04 March 2024

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

 

4 March 2024

 

EnSilica plc

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

 

€3.8 million Arm-Based Technology Contract Win

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), is pleased to announce that it has secured a new
contract with a prominent European automotive and industrial semiconductor
supplier, worth €3.8 million over the current and next financial year, with
work starting imminently (the "Contract").

 

The Contract encompasses a comprehensive suite of services, including
engineering consultancy and the licensing of EnSilica's Intellectual Property
("IP") for incorporation into a new chip design. Specifically, the project
includes the development of a chip incorporating Arm-based IP to be used for
high-integrity automotive and industrial applications.

 

The Contract marks the initiation of a partnership with a new customer
following a successful customer funded two-month study phase with EnSilica,
which was one of the consultancy opportunities announced on 14 December
2023.

 

EnSilica's licensed IP for this Contract is instrumental in differentiating
the Company's offering and includes a cryptographic accelerator from its
eSi-Crypto IP library, alongside numerous analogue functions from the Group's
extensive analogue re-use library.

 

As both an Arm Approved Design Partner and Arm Functional Safety Partner,
EnSilica is strategically positioned to support the growing demand for
Arm-based products within the industrial and automotive sectors across Europe.
 

 

Significantly, EnSilica has built up the in-house expertise and processes to
design chips to ISO 26262, which is the international standard for functional
safety in the automotive industry specifying requirements and processes for
the development of automotive electronic systems including semiconductors.

 

Ian Lankshear, Chief Executive Officer of EnSilica plc commented:

 

"We are delighted to secure this contract with a distinguished European
customer, which further underpins our expertise in Arm-based technology for
automotive and industrial applications and solidifies our position as a
premier choice in Europe for these markets.

 

Furthermore, this project underscores the significant value of EnSilica's IP
portfolio and expertise in designing to the automotive functional safety
standard ISO 26262."

 

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 / Kendall Hill

 

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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