The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation
21 October 2024
EnSilica plc
("EnSilica", the
"Company" or the "Group")
Award of £2 million
Controller ASIC Design Services Contract
EnSilica, a leading chip maker of
mixed signal ASICs (Application Specific Integrated Circuits), is
pleased to announce that it has been awarded an ASIC design
services contract with a prestigious supplier of power and
propulsion systems used in the air, at sea, and on land (the
"Contract").
The c.£2 million Contract will commence in November 2024, with revenues to
run into the Company's next financial year, supporting
market expectations for both those periods.
Ian Lankshear,
Chief Executive Officer of EnSilica, commented:
"We are very pleased to be awarded our first contract with
this globally renowned and highly prestigious engineering company
for this design services project.
Importantly, this Contract positions EnSilica with the
prospect of further long-term contracts with this customer beyond
this design services phase, to support the ASIC through the
development phase and into production.
EnSilica's
expertise in high-integrity controller products for automotive,
industrial and satellite markets makes us an ideal partner for
sectors such as aerospace companies requiring high quality, high
reliability semiconductor products using resilient bespoke supply
chains."
For further
information please contact:
|
EnSilica
plc
Ian Lankshear, Chief Executive
Officer
Kristoff Rademan, Chief Financial
Officer
www.ensilica.com
|
via Vigo Consulting
+44 (0)20 7390 0233
|
|
Allenby
Capital Limited, Nominated Adviser & Joint
Broker
Jeremy Porter / Vivek Bhardwaj (Corporate
Finance)
Joscelin Pinnington / Tony Quirke (Sales &
Corporate Broking)
|
+44 (0)20 3328 5656
info@allenbycapital.com
|
|
Singer Capital
Markets, Joint Broker
Rick Thompson / Asha Chotai
|
+44 (0)20 7496 3000
|
|
Vigo
Consulting (Investor & Financial Public
Relations)
Jeremy Garcia / Kendall Hill / Anna
Stacey
|
+44 (0)20 7390 0233
ensilica@vigoconsulting.com
|
The
person responsible for arranging release of this announcement on
behalf of the Company is Ian Lankshear, Chief Executive
Officer.
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.