EnSilica PLC Additional automotive ASIC supply mandate (1157A)
22 5월 2023 - 3:00PM
UK Regulatory
TIDMENSI
RNS Number : 1157A
EnSilica PLC
22 May 2023
Prior to publication, the information contained within this
announcement was deemed by the group to constitute inside
information for the purposes of regulation 11 of the market abuse
(amendment) (EU exit) regulations 2019/310. With the publication of
this announcement, this information is now considered to be in the
public domain.
22 May 2023
EnSilica plc
("EnSilica", the "Company" or the "Group")
Additional automotive ASIC supply mandate
Existing automotive ASIC to be incorporated into additional
vehicle models
EnSilica, a leading chip maker of mixed signal ASICs
(Application Specific Integrated Circuits), is pleased to announce
that its ASIC used in the automotive vehicle launched in June 2022
(as announced by EnSilica on 21 June 2022) is now being designed
into additional models by the premium automotive company.
The initial contract saw EnSilica design and supply an ASIC for
a flagship vehicle model by a premium automotive manufacturer. The
ASIC delivers key differentiating features in the chassis control
of the vehicle.
From 2025, the ASIC will be included in additional vehicle
models in the manufacturer's range, including their new range of
electrical vehicles. Accordingly, revenue from supply of the ASIC
is anticipated to be approximately $40 million over the next 6
years, reflecting the expected material increase in supply starting
in 2025.
Management expects to start seeing the additional revenues from
this increased demand in FY 2025, further strengthening the Group's
forward order book.
Ian Lankshear, Chief Executive Officer of EnSilica plc,
commented:
"We are delighted to have extended demand of this innovative
mixed signal ASIC into new vehicle models, which will significantly
increase the forecast volumes for this device. This not only
further establishes our ASIC business model but also highlights the
tangible benefit that can be created for our customers as they seek
to leverage our ASICs to differentiate their end products ."
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 India and Brazil.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFFFELETILFIV
(END) Dow Jones Newswires
May 22, 2023 02:00 ET (06:00 GMT)
Ensilica (LSE:ENSI)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Ensilica (LSE:ENSI)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024