Award of £2 million ASIC Design Services Contract
EnSilica awarded £2 million ASIC design services contract with power and propulsion systems supplier.
- Contract value c.£2 million
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EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has been awarded an ASIC design services contract with a prestigious supplier of power and propulsion systems used in the air, at sea, and on land (the "Contract").
The c.£2 million Contract will commence in November 2024, with revenues to run into the Company's next financial year, supporting market expectations for both those periods.
Ian Lankshear, Chief Executive Officer of EnSilica, commented:
"We are very pleased to be awarded our first contract with this globally renowned and highly prestigious engineering company for this design services project.
Importantly, this Contract positions EnSilica with the prospect of further long-term contracts with this customer beyond this design services phase, to support the ASIC through the development phase and into production.
EnSilica's expertise in high-integrity controller products for automotive, industrial and satellite markets makes us an ideal partner for sectors such as aerospace companies requiring high quality, high reliability semiconductor products using resilient bespoke supply chains."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.