The
information contained within this announcement was deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation.
6 December 2024
EnSilica plc
("EnSilica", the
"Company" or the "Group")
New Contract for a Timing Controller
ASIC
Contract value projected to exceed
US$30m based on forecasts
EnSilica (AIM: ENSI), a leading chip maker of
mixed signal ASICs (Application Specific Integrated Circuits), is
pleased to announce that it has been awarded a contract for the
design and supply of a precision timing controller ASIC to be used
in high-value industrial test equipment products (the
"Contract").
The total value of the Contract, including
non-recurring engineering ("NRE") and supply, is projected to
exceed US$30m over 10 years, based on quoted NRE fees and the
client's forecast production volumes.
EnSilica was selected by this industrial test
equipment provider due to its world-class mixed signal design
experience and relevant intellectual property portfolio.
The Contract will commence imminently, with NRE
revenues falling into EnSilica's current and next financial years,
underpinning current consensus market expectations. The supply
revenue is forecast to commence in mid-2026.
Out of the three prospective design and supply
contracts in the negotiation stage that were referred to in the
Company's announcement on 5 November 2024, two have now been
secured and announced by EnSilica. These contracts come with
significant upfront payments.
Ian Lankshear,
Chief Executive Officer of EnSilica, commented:
"We are very
pleased to have secured our fifth design and supply contract this
financial year, demonstrating our strong market reach and technical
offering. Through this ASIC, EnSilica will deliver key
differentiation features to our customer's high-value industrial
test equipment products.
EnSilica
continues to be a go-to partner of choice for businesses across the
globe looking for industry-leading ASIC design, supply and
consultancy know-how, and we look forward to building on our robust
new contract momentum in the remainder of the financial year and
beyond."
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.