EnSilica PLC EnSilica strengthens global ASIC sales network (7628P)

TIDMENSI

RNS Number : 7628P

EnSilica PLC

22 June 2022

22 June 2022

EnSilica plc

("EnSilica", the "Company" or the "Group")

EnSilica strengthens global ASIC sales network

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has appointed a new Vice President of Worldwide Sales and has entered into non-exclusive Sales Representative Agreements with Quantum Leap Solutions Inc ("QLS"), covering the North America region, and Cedar Technologies Limited ("Cedar Technologies") covering the UK, Nordic regions and Poland.

Appointment of a new Vice President of Worldwide Sales

The Company is pleased to announce that Peter Jeutter has been appointed as EnSilica's Vice President of Worldwide Sales. Peter will be based in the Company's new office in Munich, Germany. Peter has extensive experience in running worldwide sales networks for semiconductor companies, having previously been Vice President EMEA for Renesas Electronics Corporation ("Renesas Electronics") and has held senior sales roles with Atmel Inc and Infineon AG.

Sales Representative Agreements with QLS and Cedar Technologies

Both QLS and Cedar Technologies have ASIC business development experience from previously being sales representatives for Dialog Semiconductors. Dialog Semiconductors was bought by Renesas Electronics Corporation for EUR4.9 billion in August 2021.

QLS was founded in 2011 and is headquartered in the Bay Area (Silicon Valley), California. Over the past 11 years, QLS has successfully grown both SIP (Semiconductor Intellectual Property) and ASIC revenues in North America for its partners. In addition to the Bay Area, QLS has sales offices in Los Angeles, Austin, Texas and Boston, Massachussetts to support its customers across North America.

Cedar Technologies was formed in 1992 and has since successfully demonstrated to be a very effective vehicle to take semiconductor related technology to market in Northern Europe. Cedar Technologies has sales and application engineering support covering the United Kingdom, Denmark, Sweden, Norway, Finland and Poland.

Ian Lankshear, Chief Executive Officer of EnSilica plc commented:

"We view these appointments as significant additions to EnSilica's sales network and global reach. Peter brings valuable sales experience that is needed to scale a semiconductor business internationally. The appointment of QLS and Cedar Technologies now gives us people on the ground in key regions with proven ASIC business development experience. We believe this will result in growing our sales pipeline and accelerating our growth by bringing in high value ASIC supply opportunities".

For further information please contact:

 
 EnSilica plc                                           Via Vigo Consulting 
  Ian Lankshear, Chief Executive Officer                 [phone] 
  Matthew Wethey, Chief Financial Officer 
  www.ensilica.com 
 Allenby Capital Limited, Nominated Adviser             Tel: [phone] 
  & Broker                                               5656 
  Jeremy Porter / Vivek Bhardwaj (Corporate Finance)     [e-mail] 
  Joscelin Pinnington/Tony Quirke (Sales & Corporate 
  Broking) 
 Vigo Consulting (Investor & Financial Public 
  Relations) 
  Jeremy Garcia / Tara Benniman 
  ensilica @vigoconsulting.com                          [phone] 
 

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.

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 [e-mail] 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

UPDPPUMCQUPPUAP

(END) Dow Jones Newswires

June 22, 2022 02:00 ET (06:00 GMT)