REG - EnSilica PLC - Design & Supply contract award for controller ASIC

EnSilicaAnnouncement

15/10/2024 07:00

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RNS Number : 1433I  EnSilica PLC  15 October 2024

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

 

15 October 2024

 

EnSilica plc

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

 

Design and Supply contract award for a controller ASIC for automotive and
industrial markets

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), is pleased to announce that it has been awarded a design
and supply contract for a mixed signal controller ASIC to be used in
automotive and industrial motorised actuators. The European based client (the
"Client") is a leading supplier to most major automotive and industrial
original equipment manufacturers ("OEMs").

 

The total value, including non-recurring engineering ("NRE") and supply, is
projected to exceed US$31m over 7 years, based on quoted NRE fees and the
Client's forecast production volumes.

 

The Company was selected due to previous relevant mixed signal design
experience and its proven track record of bringing to volume production chips
meeting stringent automotive and industrial standards.

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

 

"This mixed signal ASIC is another excellent win for EnSilica, further
underpinning our position as one of the leading custom ASIC suppliers for
industrial and automotive applications.

 

Our new European customer has excellent standing in the industry, and we are
very pleased to become their ASIC partner of choice. This design win adds to
the strong portfolio of ASICs we have in the design phase, further supporting
the visibility of our recurring revenues."

 

 

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

 

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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