| The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. |
12 June 2025
EnSilica plc
("EnSilica", the "Company" or the "Group")
Contract Update
First royalty payment and extended royalty agreement estimated to be worth c.US$28m
EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that first royalty payments have been triggered and an extended royalty agreement has been signed with an existing satellite service provider customer (the 'Customer').
In 2021, EnSilica was selected by the Customer to support the development of a next-generation satellite payload ASIC, from which the Company is beginning to receive royalty payments (the 'Agreement').
In addition to the Agreement, EnSilica will receive additional monthly royalty payments for each satellite in operational service using the ASIC.
The total value of the expanded agreement is estimated to be worth c.US$28m over the next 10 years (previously estimated to be US$15m royalties over 5 years).
Ian Lankshear, Chief Executive Officer of EnSilica, commented:
"We are very pleased to reach this milestone, which is the result of over three years of meticulous research, development and testing, and I'm incredibly proud of what our team has done to get to this stage.
EnSilica now has five chips in the supply phase generating recurring revenues and twelve in the design phase, which represents a significant financial milestone for the Company and underpinning our ongoing confidence in the business across the short and long term."
Contacts:
| EnSilica plc Ian Lankshear, Chief Executive Officer Kristoff Rademan, Chief Financial Officer
| via Vigo Consulting +44 (0)20 7390 0233 |
| Allenby Capital Limited, Nominated Adviser & Joint Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)
| +44 (0)20 3328 5656 info@allenbycapital.com |
| Singer Capital Markets, Joint Broker Rick Thompson / Asha Chotai / James Todd
| +44 (0)20 7496 3000 |
| Vigo Consulting (Investor & Financial Public Relations) Jeremy Garcia / Kendall Hill / Anna Stacey | +44 (0)20 7390 0233 ensilica@vigoconsulting.com |
The person responsible for arranging release of this announcement on behalf of the Company is Ian Lankshear, Chief Executive Officer.
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.
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.