The
information contained within this announcement was deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation.
12 September 2024
EnSilica plc
("EnSilica", the
"Company" or the "Group")
Siemens AG Award Design &
Supply Contract
EnSilica, a leading chip maker of
mixed signal ASICs (Application Specific Integrated Circuits), is
pleased to announce that it has been awarded an additional ASIC
design and supply contract by Siemens AG ("Siemens"), the
multinational technology conglomerate (the "Contract").
The NRE (non-recurring engineering) component
of the Contract will commence in calendar year 2025, with the
initial production phase expected to start in Q4 2027.
Siemens incorporates ASICs in various
industrial automation systems, including their programmable logic
controllers ("PLCs"), motor drives, and other control devices.
These specialised chips enhance functionality, reduce power
consumption, and improve overall system reliability, underpinning
Siemens' market-leading position.
The Contract supports current market
expectations for this financial year and next.
Ian Lankshear,
Chief Executive Officer of EnSilica, commented:
"We are proud
to have been awarded an additional ASIC design and supply contract
with Siemens, one of the market leaders in the fast-growing segment
of process automation. The award of this contract further
reinforces our reach within the industrials sector, alongside
enhancing our reputation for being an ASIC partner of
choice."
Dieter Brückner of Siemens AG commented:
"We
are pleased to be working with EnSilica on another ASIC. Their
digital and mixed signal ASIC expertise and locality makes them a
strong partner for Siemens."
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.