REG - EnSilica PLC - EUR 5m Satellite Broadband Chip Contract Win

EnSilicaAnnouncement

17/02/2023 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230217:nRSQ2214Qa&default-theme=true

RNS Number : 2214Q  EnSilica PLC  17 February 2023

Prior to publication, the information contained within this announcement was
deemed by the Group to constitute inside information for the purposes of
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
With the publication of this announcement, this information is now considered
to be in the public domain.

 

17 February 2023

 

EnSilica plc

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

 

€5 million contract award to develop Satellite Broadband Chip

 

EnSilica (AIM:ENSI), a leading mixed signal chip maker, is pleased to announce
that it has been awarded a €5m contract to develop a new chip to address the
next generation of mass market satellite broadband user terminals (the
"Contract").

 

The Contract has been awarded in the framework of the European Space Agency's
(ESA) Advanced Research in Telecommunications Systems Core Competitiveness
programme ("ARTES (https://artes.esa.int/) CC"), through the support of the UK
Space Agency. The activities included in the Contract are co-funded (75%) by
the ARTES CC programme. The ARTES CC programme is designed to support industry
to develop the next generation of telecommunications technologies, products
and systems in the satellite communication market.  The Contract foresees
development activities over 2 years.

 

EnSilica will develop its own satellite broadband chip, to enable the next
generation of low-cost, low-power satellite broadband user terminals. This
type of component is a key enabler for user terminals operating with low earth
orbit (LEO) satellite systems. User terminals track the relative movement of
the satellites, allowing users to access high capacity connectivity in a very
wide range of use cases, including automotive, maritime and aerospace
connectivity, as well as connectivity for rural households.

 

EnSilica has a strong track record within the satellite market, having
successfully completed a €2.2m (75% co-funded) ARTES CC contract with ESA in
2019 to develop the Company's own mmWave chip, which is another key component
in the next generation of affordable, low-power, consumer-scale electronically
steerable antennas.

 

The Company is also working with satellite user terminal providers to optimise
the chipset to meet the needs of their next generation of products.

 

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

 

"The sizeable satellite communications market is a growth driver for our
business, and we are delighted to be continuing our successful partnership
with both UKSA and ESA to further develop innovative semiconductor solutions
for the next generation of satellite broadband user terminals.

 

Given the high number of chips per antenna, and the millions of users that
could adopt these services, the potential growth within this market could be
significant for our business in the medium term."

 

Henny Sands, Head of Telecoms at the UK Space Agency, said:

"EnSilica's plan to develop an innovative chip to enable a wide range of
satellite broadband user terminals is a brilliant example of the diversity of
expertise in the UK's leading satellite communications sector.

"Through the ARTES CC programme the UK Space Agency aims to champion UK
companies that have the right expertise and ambition to become global players
in this market and lead on ground-breaking technologies that will enhance the
wider UK space sector, create jobs and generate further investment. That's why
we recently announced £50 million of funding for ambitious and innovative
projects that will supercharge the UK's satellite communications industry."

 

Dietmar Schmitt, Head of Technologies & Products Division at ESA, said

"ESA is pleased to continue our collaboration with EnSilica through the ARTES
Core Competitiveness programme and to support this important technology
development, which will facilitate the provision of high capacity connectivity
across a wide range of use cases."

 

 

For further information please contact:

                                                                   Via Vigo Consulting

 EnSilica plc                                                      +44 (0)20 7390 0233

 Ian Lankshear, Chief Executive Officer

 Matthew Wethey, Chief Financial Officer

 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

 

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.

 

About ESA'S ARTES Core Competitiveness Programme

ESA's ARTES (Advanced Research in Telecommunications Systems) programme is
unique in Europe and aims to support the competitiveness of European and
Canadian industry on the world market. Core Competitiveness is dedicated to
the development, qualification and demonstration of products ("Competitiveness
and Growth"), or long-term technology development ("Advanced Technology").
Products in this context can be equipment for the platform or payload of a
satellite, a user terminal, or a full telecom system integrating a network
with its space segment.

 

Find out more at: https://artes.esa.int/core-competitiveness
(https://artes.esa.int/core-competitiveness)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTDDGDDUDBDGXL