28 November 2024
EnSilica plc
("EnSilica", the
"Company" or the "Group")
AGM
Statement
The Board of EnSilica, a leading chip maker of
mixed signal ASICs (Application Specific Integrated Circuits), is
holding its Annual General Meeting ("AGM") at 10.00 a.m. today. At
the meeting, Mark Hodgkins, Chair, will make the following
statement:
"I am delighted to report that EnSilica has
continued to generate strong new contract momentum during the first
half of the current financial year ("HY 2025"), developing a
significant pipeline of opportunities with businesses operating
across our key markets, including industrial and automotive. Our
sales pipeline is now projected to be worth an estimated US$450
million of lifetime revenues, in addition to estimated recurring
supply revenues from design contracts already closed of US$224
million over the customer forecast lifetime of the supply.
Together, these forecasts underpin management's confidence in the
Group's near-to-medium term prospects. The Board therefore expects
EnSilica to continue to trade in line with consensus market
expectations for the financial year to 30 May 2025.
As evidenced by the volume of contract wins
secured in HY 2025, we are attracting strong interest for our
services from a wide range of domestic and international
corporations. Pleasingly, the Group has made considerable progress
in marketing its ASICs supply capabilities, an important objective
for EnSilica as we focus on expanding our customer portfolio in our
focus markets. Supply wins continued to further diversify the
Group's revenue streams and will contribute towards our growing
recurring revenues pipeline.
EnSilica is actively exploring new supply,
non-recurring engineering and consultancy opportunities to further
strengthen the business and we remain committed to investing in our
growing intellectual property platforms to increase our
competitiveness and enable the Company to deliver higher gross
margins.
Supported by EnSilica's sizeable order book and
current new business pipeline, management's near-to-medium term
outlook on the Company's growth potential remains positive. As
demand for trusted and resilient semiconductor supply chains
increases worldwide, EnSilica is well-placed to enhance its
reputation as a premier European chipmaker with a global
reach."
For further
information please contact:
|
EnSilica
plc
Ian Lankshear, Chief Executive
Officer
Kristoff Rademan, Chief Financial
Officer
www.ensilica.com
|
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
|
+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
|
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.
