REG - EnSilica PLC - Major SpaceTech Contracts

EnSilicaAnnouncement

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RNS Number : 5596B  EnSilica PLC  23 April 2026

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK law by virtue
of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in
accordance with the Company's obligations under Article 17 of MAR

 

 

23 April 2026

 

 

EnSilica plc

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

 

Multi-chip development contracts with a leading European satellite operator
for its next generation satellite network

 

The largest long-term potential supply opportunity secured by EnSilica to date

 

EnSilica plc (AIM: ENSI), a leading fabless, micro chipmaker with a growing
portfolio of reusable IP, serving the Space & Comms, Industrial,
Automotive and Healthcare markets, announces that it has entered into two
landmark development contracts with a leading European satellite operator to
develop two chips for its next-generation satellite network (the "Contracts").

 

The Contracts span both satellite payload and user terminal silicon and
include a combination of Application Specific Integrated Circuit (ASIC) and
Application Specific Standard Part (ASSP) solutions.  EnSilica's ability to
deliver both ASIC and ASSP solutions across payload and user terminal segments
was key for securing the Contracts, demonstrating the capability to be an
end-to-end silicon partner for next-generation satellite systems.

 

Main Highlights:

·    Based on just the user terminal elements of the Contracts, this is
the largest long-term potential supply opportunity won by EnSilica to date,
potentially worth in excess of $50 million from 2030;

·    Initial Non-Recurring Engineering ("NRE") revenues from the combined
Contracts of $6.8 million commencing in FY 2026 and extending into FY 2028,
which is expected to also unlock up to $3 million of additional matched
funding from the UK Space Agency;

·    Completion of a successful study phase for the satellite payload
element of the Contracts has led to funded development activity with future
potential supply revenues for that chip yet to be agreed; and

·    Winning the Contracts represents a strong position and early
involvement, both on the ground and in space, in one of the most important and
largest satellite network developments currently happening in the sector.

 

The customer is a leading European satellite operator developing a
next-generation communications system aimed at enhancing network resilience,
flexibility and coverage. The system is intended to support a broad range of
applications including commercial, government and defence markets, with
initial services targeted towards the end of the decade.

 

The programme is expected to progress through phased development over the next
two and a half years, with initial NRE revenues starting this financial year,
followed by long-term semiconductor supply revenues as the network is deployed
and scaled.

 

Ian Lankshear, CEO of EnSilica, commented:

"The award provides significant industry validation for EnSilica and we are
very proud of our technology being selected for this major Space programme
following extensive joint study phases. In addition, the scale and structure
of the project means that it will generate attractive short term NRE revenues
with the potential for substantial long-term supply revenues.

 

Furthermore, the ASSP elements of the programme demonstrate the strength of
our platform strategy, utilising EnSilica's reusable silicon solutions that
can be deployed across multiple customers and programmes."

 

For further information please contact:

 

 EnSilica plc                                                           via Novella Communications

 Ian Lankshear, Chief Executive Officer                                 +44 (0)20 3151 7008

 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 / Phoebe Bunce                            +44 (0)20 3100 2000

 Novella Communications (Investor & Financial Public Relations)         +44 (0)20 3151 7008

 Tim Robertson / Aeliya Bilgrami                                        ensilica@novella-comms.com (mailto:visum@vigoconsulting.com)

 

About EnSilica plc

EnSilica is a fabless, application-specific chipmaker, combining deep domain
and system-level expertise with world-class capability in RF, mmWave,
mixed-signal and complex digital IC design. The Company serves customers
across the space and communications, industrial, automotive and healthcare
markets, where safety and security and reliability are critical.

 

A growing portfolio of reusable IP and silicon platforms underpins a
repeatable, scalable delivery model, reducing development risk, cost and time
to market while supporting long-term supply revenues. EnSilica has a strong
track record of delivering production-proven silicon to demanding industry
standards. Headquartered near Oxford, UK, the Company operates design centres
across the UK, India, Brazil and Hungary.

 

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