EnSilica PLC EnSilica secures follow-on $2.4m contract (0363L)
September 01 2023 - 1:00AM
UK Regulatory
TIDMENSI
RNS Number : 0363L
EnSilica PLC
01 September 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK Market Abuse Regulation
1 September 2023
EnSilica plc
("EnSilica", the "Company" or the "Group")
EnSilica secures follow-on $2.4m contract with an existing
customer
EnSilica (AIM: ENSI), a leading chip maker of mixed signal ASICs
(Application Specific Integrated Circuits), is pleased to announce
that it has secured a contract with an existing Europe-based
customer for approximately $2.4 million (the "Contract").
This most recent award with a longstanding EnSilica customer is
for the development of a next generation advanced networking
ASIC.
The majority of the Contract revenue will be realised in the
Company's current financial year ending 31 May 2024 ("FY 2024"),
further supporting management's confidence in EnSilica's ability to
deliver FY 2024 revenue and EBITDA in line with current market
expectations.
The Company expects to announce its audited results for the
financial year ended 31 May 2023 ("FY 2023") in early October 2023
in line with market expectations.
Ian Lankshear, Chief Executive Officer of EnSilica plc,
commented:
"We are delighted to have been awarded this further contract
with a valued and longstanding EnSilica customer, strengthening our
ongoing association with them and demonstrating their continuing
confidence in our design and delivery capabilities. The award also
reinforces our ongoing confidence in both the business and our
capabilities, ensuring EnSilica continues to trade comfortably in
line with market consensus for the current financial year."
For further information please contact:
EnSilica plc Via Vigo Consulting
Ian Lankshear, Chief Executive Officer +44 (0)20 7390 0233
www.ensilica.com
Allenby Capital Limited, Nominated Adviser +44 (0)20 3328 5656
& Broker info@allenbycapital.com
Jeremy Porter / Vivek Bhardwaj (Corporate
Finance)
Joscelin Pinnington / Tony Quirke (Sales
& Corporate Broking)
Vigo Consulting (Investor & Financial Public +44 (0)20 7390 0233
Relations) ensilica @vigoconsulting.com
Jeremy Garcia / Kate Kilgallen
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.
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END
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