The
information contained within this announcement was deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation.
15 October 2024
EnSilica plc
("EnSilica", the
"Company" or the "Group")
Design and Supply contract
award for a controller ASIC for automotive and industrial
markets
EnSilica, a leading chip maker of
mixed signal ASICs (Application Specific Integrated Circuits), is
pleased to announce that it has been awarded a design and supply
contract for a mixed signal controller ASIC to be used in
automotive and industrial motorised actuators. The European based
client (the "Client") is a leading supplier to most major
automotive and industrial original equipment manufacturers
("OEMs").
The total value,
including non-recurring engineering ("NRE") and supply, is
projected to exceed US$31m over 7 years, based on quoted NRE fees
and the Client's forecast production volumes.
The Company was selected due to
previous relevant mixed signal design experience and its proven
track record of bringing to volume production chips meeting
stringent automotive and industrial standards.
Ian Lankshear,
Chief Executive Officer of EnSilica, commented:
"This mixed signal ASIC is another excellent win for EnSilica,
further underpinning our position as one of the leading custom ASIC
suppliers for industrial and automotive
applications.
Our new European customer has excellent standing in the
industry, and we are very pleased to become their ASIC partner of
choice. This design win adds to the strong portfolio of ASICs we
have in the design phase, further supporting the visibility of our
recurring revenues."
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
|
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.