Last checked at 21 Jun 2022 07:00
21 June 2022
EnSilica plc
("EnSilica," the "Company" or the "Group")
Premium Automotive Vehicle Launched with EnSilica's Key Mixed Signal ASIC
EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that alongside its strategic partner, RoodMicrotec N.V., a leading independent company for semiconductors testing and quality services, the Company has successfully brought a mixed signal automotive ASIC to commercial production following the official launch of a new flagship vehicle by a premium automotive company. The ASIC provides key differentiating features in the chassis control of the vehicle.
As referred to in EnSilica's recent AIM Admission Document, the project was awarded to EnSilica in 2018 and as expected, EnSilica is pleased to confirm the main production run has now commenced with the official launch of the vehicle. The production schedule for more than 2.5 million ASICs over the next 12 months has been received. The ASIC has an anticipated seven-year production life and depending on the model, there are up to 24 EnSilica ASICs per vehicle.
EnSilica selected RoodMicrotec N.V. to support it in the qualification and testing of this mixed signal automotive ASIC. RoodMicrotec N.V. will undertake final testing and shipment of the ASICs for EnSilica.
Ian Lankshear, Chief Executive Officer of EnSilica plc, commented:
"We are delighted to be entering the full production volume of this exciting project, having successfully collaborated with RoodMicrotec over a number of years. Our joint effort across this highly technical automotive project has now resulted in successful launch of the vehicle."
Martin Sallenhag, Chief Executive Officer of RoodMicrotec, added:
"It has been exciting to support EnSilica in bringing this project to production over the last few years. We are now looking forward to supporting production of this device in our Nördlingen facility. It again shows the demand for our unique combined capabilities, in depth experience and excellent track record in bringing automotive products to the market for our valued customers."
For further information please contact:
EnSilica plc Ian Lankshear, Chief Executive Officer Matthew Wethey, Chief Financial 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)
| Tel: +44 (0)20 3328 5656 info@allenbycapital.com
|
Vigo Consulting (Investor & Financial Public Relations) Jeremy Garcia / Tara Benniman ensilica@vigoconsulting.com
| +44 (0)20 7390 0233 |
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 a design centres across the UK and in Bangalore, India and Porto Alegre, Brazil.