REG - EnSilica PLC - New Supply Order for Edge AI Chip

EnSilicaAnnouncement

15/07/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240715:nRSO3143Wa&default-theme=true

RNS Number : 3143W  EnSilica PLC  15 July 2024

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

 

15 July 2024

 

EnSilica plc

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

 

New Supply Order for Edge AI Chip

 

Strong bookings to start the financial year

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific
Integrated Circuits), is pleased to announce a US$7 million order from a new
customer (the "Order"). The Order is for the masking - being the non-recurring
engineering ("NRE") component - and initial wafer supply for an edge
artificial intelligence ("AI")* processing chip.

 

Based on the customer forecasts, approximately US$5 million of revenue is
expected to fall into the Company's current financial year. There is a further
potential supply revenue of more than US$50 million over the first five years
of production.

 

In addition to the Order, the Company is pleased to announce that it has
received more than US$2 million of services and NRE bookings since the
beginning of the Company's current financial year, which started on 1 June
2024.

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

 

"We are pleased to obtain a substantial order from a new customer, which
further ratifies our business model and strengthens EnSilica's position as a
leading chipmaker. The addition of Edge AI processing will significantly
increase the dollar value of the chips that we supply."

 

*Edge AI is where AI computation occurs near the user at the edge of the
network, close to where the data is located, rather than centrally in a cloud
computing facility or private data centre.

 

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

 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

 Jeremy Garcia / Kendall Hill                                      ensilica@vigoconsulting.com

 

 

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.

 

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  CNTBXGDRLBBDGSS