The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation
3 September 2024
EnSilica plc
("EnSilica", the
"Company" or the "Group")
First production order for
Industrial ASIC received
Production revenues
estimated to be worth more than US$30m over seven
years
EnSilica, a leading chip maker of
mixed signal ASICs (Application Specific Integrated Circuits), is
pleased to announce that it has received the first production
orders for an Arm-based Industrial Controller ASIC (the
"Contract").
The Contract, first announced on 25
July 2022, and awarded by a leading European industrial Original
Equipment Manufacturer ("OEM"), is for an ASIC that will be a key
component in their factory automation controller systems. Tape-out
for the ASIC was announced on 10 October 2023.
The first orders for the ASIC are for
delivery to the customer in the first half of 2025, with total
production revenues over a seven year period expected to be worth
more than US$30m, based on the customer's estimate.
Ian Lankshear,
Chief Executive Officer of EnSilica plc,
commented:
"I would like
to thank our talented engineering and operations team for their
diligent work that has led to the smooth execution of this
important first project for this leading industrial OEM.
This
production order marks our 4th ASIC in production and a further
eight chips now at the design stage. This milestone
demonstrates that EnSilica is adding to its pipeline of ASICs in
supply to generate the strong reoccurring revenues which the
fabless business is proven to deliver when well
executed."
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
|
+44 (0)20 7390 0233
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.