REG - EnSilica PLC - Award of £2 million ASIC Design Services Contract

EnSilicaAnnouncement

21/10/2024 07:00

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RNS Number : 8576I  EnSilica PLC  21 October 2024

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

 

21 October 2024

 

EnSilica plc

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

 

Award of £2 million Controller ASIC Design Services Contract

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), is pleased to announce that it has been awarded an ASIC
design services contract with a prestigious supplier of power and propulsion
systems used in the air, at sea, and on land (the "Contract").

 

The c.£2 million Contract will commence in November 2024, with revenues to
run into the Company's next financial year, supporting market expectations for
both those periods.

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

 

"We are very pleased to be awarded our first contract with this globally
renowned and highly prestigious engineering company for this design services
project.

 

Importantly, this Contract positions EnSilica with the prospect of further
long-term contracts with this customer beyond this design services phase, to
support the ASIC through the development phase and into production.

 

EnSilica's expertise in high-integrity controller products for automotive,
industrial and satellite markets makes us an ideal partner for sectors such as
aerospace companies requiring high quality, high reliability semiconductor
products using resilient bespoke supply chains."

 

 

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

 

 The person responsible for arranging release of this announcement on behalf
of the Company is Ian Lankshear, Chief Executive Officer.

 

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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