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.