Last checked at 4 Mar 2024 07:00
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation
4 March 2024
EnSilica plc
("EnSilica", the "Company" or the "Group")
?3.8 million Arm-Based Technology Contract Win
EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has secured a new contract with a prominent European automotive and industrial semiconductor supplier, worth ?3.8 million over the current and next financial year, with work starting imminently (the "Contract").
The Contract encompasses a comprehensive suite of services, including engineering consultancy and the licensing of EnSilica's Intellectual Property ("IP") for incorporation into a new chip design. Specifically, the project includes the development of a chip incorporating Arm-based IP to be used for high-integrity automotive and industrial applications.
The Contract marks the initiation of a partnership with a new customer following a successful customer funded two-month study phase with EnSilica, which was one of the consultancy opportunities announced on 14 December 2023.
EnSilica's licensed IP for this Contract is instrumental in differentiating the Company's offering and includes a cryptographic accelerator from its eSi-Crypto IP library, alongside numerous analogue functions from the Group's extensive analogue re-use library.
As both an Arm Approved Design Partner and Arm Functional Safety Partner, EnSilica is strategically positioned to support the growing demand for Arm-based products within the industrial and automotive sectors across Europe.
Significantly, EnSilica has built up the in-house expertise and processes to design chips to ISO 26262, which is the international standard for functional safety in the automotive industry specifying requirements and processes for the development of automotive electronic systems including semiconductors.
Ian Lankshear, Chief Executive Officer of EnSilica plc commented:
"We are delighted to secure this contract with a distinguished European customer, which further underpins our expertise in Arm-based technology for automotive and industrial applications and solidifies our position as a premier choice in Europe for these markets.
Furthermore, this project underscores the significant value of EnSilica's IP portfolio and expertise in designing to the automotive functional safety standard ISO 26262."
For further information please contact:
EnSilica plc Ian Lankshear, Chief Executive Officer www.ensilica.com | Via Vigo Consulting +44 (0)20 7390 0233 |
Allenby Capital Limited, Nominated Adviser & Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington/Tony Quirke (Sales & Corporate Broking)
|
+44 (0)20 3328 5656 info@allenbycapital.com |
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 India and Brazil.