REG - EnSilica PLC - Project Progress Update and New Contract Awards

EnSilicaAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251103:nRSC8650Fa&default-theme=true

RNS Number : 8650F  EnSilica PLC  03 November 2025

 

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

 

3 November 2025

 

EnSilica plc

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

 

Project Progress Update and New Contract Awards

 

EnSilica plc (AIM: ENSI), a leading chip maker of mixed-signal ASICs
(Application Specific Integrated Circuits), is pleased to provide an update on
the continued progress across a number of its customer projects and new
contract wins ahead of the annual results being published tomorrow.

 

·    The six ASIC design and supply contract wins announced earlier in the
financial year ended 31 May 2025 ("FY 2025") are progressing well and remain
on track towards their tape-outs which are the next major milestones for each
ASIC. One of these programmes has already achieved the successful tape-out of
prototype analogue test circuits, validating key elements of the design ahead
of full device completion expected mid-2026.

 

·    EnSilica has recently secured a number of new definition and
feasibility study contracts, with confirmed orders totalling more than £1.6
million in revenue - should these engagements progress to full ASIC
development and production, significant Non-Recurring Engineering ("NRE") and
supply revenue over several years could result.

 

·    Within the high growth space communications sector:

 

o  EnSilica has signed two new contracts with separate satellite service
operators to include the requirements of their respective constellations in
chips being developed as part of the C-LEO UK Space Agency programme.

o  EnSilica is currently engaged in three feasibility studies for satellite
payload ASICs, with two for major satellite service operators and one for a
satellite payload supplier.  Each engagement has potential to progress to a
multi-year, multi-million pound ASIC contract. One contract includes a
recurring "per-satellite" monthly revenue model, in addition to significant
ASIC royalties.

 

·    A new contract has been won to develop an enhanced Radio Frequency
(RF) vehicle tolling prototype chip, with the potential to lead to a
long-term, high-volume supply agreement with an established European vehicle
tolling systems provider.

 

·    EnSilica has achieved a major shipment milestone of over ten million
ASICs delivered for use in a premium automotive manufacturer's vehicles - the
programme was secured in 2018 with shipments surpassing five million units in
September 2024, and more than doubling volumes in a year underlines just how
ASIC programmes can rapidly scale as well as drive strong recurring cash
generations.

 

·    The customer designed Edge Artificial Intelligence (AI) processing
Chip referred to on 7 April 2025 announcement is now expected to tape-out in
the second half of the current financial year.

 

·    The Company's Design Services business unit is also in high demand
with £1 million of repeat and new business booked in the past three months.

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

 

"EnSilica continues to execute strongly across our project portfolio, with a
number of key programmes moving into the key implementation phases. The recent
customer engagements and funded feasibility contracts further strengthens our
design and supply pipeline, and highlights the strength of our highly
differentiated technology offering in the space communications sector and Post
Quantum Cryptography IP that spans all our focus sectors.

 

The 10 million shipment milestone achieved for our automotive customer
highlights our ability to design and supply ASICs that not only meet the
highest standards of reliability and safety but also scale rapidly to volume
production for world-leading OEMs.

 

We will continue to capitalise on the continued demand for custom silicon
across our key growth markets, which both underpins further cash flow
alongside providing us with increasing confidence in the business.

 

We look forward to updating investors with our annual results to May 2025 when
they are published tomorrow."

 

 

 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)

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)                     +44 (0)20 3328 5656

 Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)          info@allenbycapital.com (mailto:info@allenbycapital.com)

 Panmure Liberum Limited (Joint Broker)

 Edward Mansfield / Will King                                           +44 (0)20 3100 2000

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

 Jeremy Garcia / Anna Stacey                                            ensilica@vigoconsulting.com (mailto:visum@vigoconsulting.com)

 

The person responsible for arranging release of this announcement on behalf of
the Company is Ian Lankshear, Chief Executive Officer.

 

About EnSilica plc

 

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. 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, India, Brazil and
Hungary.  

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  UPDEAAFAEEASFAA



            Copyright 2019 Regulatory News Service, all rights reserved