EnSilica PLC Siemens AG Award Design & Supply Contract

RNS Number : 8443D

EnSilica PLC

12 September 2024

 

The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation.

 

12 September 2024

 

EnSilica plc

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

 

Siemens AG Award Design & Supply Contract

 

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has been awarded an additional ASIC design and supply contract by Siemens AG ("Siemens"), the multinational technology conglomerate (the "Contract").

 

The NRE (non-recurring engineering) component of the Contract will commence in calendar year 2025, with the initial production phase expected to start in Q4 2027.

 

Siemens incorporates ASICs in various industrial automation systems, including their programmable logic controllers ("PLCs"), motor drives, and other control devices. These specialised chips enhance functionality, reduce power consumption, and improve overall system reliability, underpinning Siemens' market-leading position.

 

The Contract supports current market expectations for this financial year and next.

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

 

"We are proud to have been awarded an additional ASIC design and supply contract with Siemens, one of the market leaders in the fast-growing segment of process automation. The award of this contract further reinforces our reach within the industrials sector, alongside enhancing our reputation for being an ASIC partner of choice."

 

Dieter Brückner of Siemens AG commented:

 

"We are pleased to be working with EnSilica on another ASIC. Their digital and mixed signal ASIC expertise and locality makes them a strong partner for Siemens."

 

For further information please contact:

 

EnSilica plc Ian Lankshear, Chief Executive Officer Kristoff Rademan, Chief Financial Officer www.ensilica.com	via Vigo Consulting [phone]
Allenby Capital Limited, Nominated Adviser & Joint Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)	[phone] [e-mail]
Singer Capital Markets, Joint Broker Rick Thompson / Asha Chotai	[phone]
Vigo Consulting (Investor & Financial Public Relations) Jeremy Garcia / Kendall Hill	[phone] [e-mail]

 

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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