REG - EnSilica PLC - Contract Update

EnSilicaAnnouncement

12/06/2025 07:00

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RNS Number : 4858M  EnSilica PLC  12 June 2025

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

 

12 June 2025

EnSilica plc

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

 

Contract Update

 

First royalty payment and extended royalty agreement estimated to be worth
c.US$28m

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), is pleased to announce that first royalty payments have
been triggered and an extended royalty agreement has been signed with an
existing satellite service provider customer (the 'Customer').

 

In 2021, EnSilica was selected by the Customer to support the development of a
next-generation satellite payload ASIC, from which the Company is beginning to
receive royalty payments (the 'Agreement').

 

In addition to the Agreement, EnSilica will receive additional monthly royalty
payments for each satellite in operational service using the ASIC.

 

The total value of the expanded agreement is estimated to be worth c.US$28m
over the next 10 years (previously estimated to be US$15m royalties over 5
years).

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

 

"We are very pleased to reach this milestone, which is the result of over
three years of meticulous research, development and testing, and I'm
incredibly proud of what our team has done to get to this stage.

 

EnSilica now has five chips in the supply phase generating recurring revenues
and twelve in the design phase, which represents a significant financial
milestone for the Company and underpinning our ongoing confidence in the
business across the short and long term."

 

Contacts:

 

 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

 Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)

  
 Singer Capital Markets, Joint Broker                                   +44 (0)20 7496 3000

 Rick Thompson / Asha Chotai / James Todd

  
 Vigo Consulting (Investor & Financial Public Relations)               +44 (0)20 7390 0233

 Jeremy Garcia / Kendall Hill / Anna Stacey                            ensilica@vigoconsulting.com

 

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 India and Brazil.

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