REG - EnSilica PLC - ASIC Contract Extension

EnSilicaAnnouncement

11/04/2023 07:00

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RNS Number : 7252V  EnSilica PLC  11 April 2023

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11 April 2023

EnSilica plc

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

 

ASIC Contract Extension

 

EnSilica extends scope of an existing ASIC contract,

increasing royalty revenue forecast by up to $10 million

 

EnSilica, a leading mixed signal chip maker, is pleased to announce that it
has extended the scope of work with an existing customer in the communication
market for additional ASIC design and production support ('the Contract').

 

The Contract is now anticipated to generate an additional $1.3 million in
revenue from design and production work over the course of the Company's
current financial year (ending 31 May 2023) and across the 2024 financial
year.

 

The Company also expects to realise first royalty revenues from the Contract
in December 2024, with total customer forecasted royalties over the following
five years now estimated to increase from $5 million to $15 million over this
five-year period.

 

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

 

"We are delighted to have extended the scope of our work with a highly valued
customer to now include additional design and production support. This
Contract is a credit to the strength of our multidisciplined engineering team
in delivering complex communication ASICs, including both RF and digital
processing functionality, and serves as further evidence of the successful
implementation of our strategy to generate long-term, reoccurring revenues
streams for the business."

 

 

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
Bangalore, India and Porto Alegre, Brazil.

 

 

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