REG - EnSilica PLC - EnSilica secures follow-on $2.4m contract

EnSilicaAnnouncement

01/09/2023 07:00

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RNS Number : 0363L  EnSilica PLC  01 September 2023

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

 

1 September 2023

 

EnSilica plc

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

 

EnSilica secures follow-on $2.4m contract with an existing customer

 

EnSilica (AIM: ENSI), a leading chip maker of mixed signal ASICs (Application
Specific Integrated Circuits), is pleased to announce that it has secured a
contract with an existing Europe-based customer for approximately $2.4 million
(the "Contract").

 

This most recent award with a longstanding EnSilica customer is for the
development of a next generation advanced networking ASIC.

 

The majority of the Contract revenue will be realised in the Company's current
financial year ending 31 May 2024 ("FY 2024"), further supporting management's
confidence in EnSilica's ability to deliver FY 2024 revenue and EBITDA in line
with current market expectations.

 

The Company expects to announce its audited results for the financial year
ended 31 May 2023 ("FY 2023") in early October 2023 in line with market
expectations.

 

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

 

"We are delighted to have been awarded this further contract with a valued and
longstanding EnSilica customer, strengthening our ongoing association with
them and demonstrating their continuing confidence in our design and delivery
capabilities. The award also reinforces our ongoing confidence in both the
business and our capabilities, ensuring EnSilica continues to trade
comfortably in line with market consensus for the current financial year."

 

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

 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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