The
information contained within this announcement was deemed by the
Company to constitute inside information as stipulated under the UK
Market Abuse Regulation.
5 March 2025
EnSilica
plc
("EnSilica", the "Company" or the "Group")
€2.13 million European Space
Agency Development Contract
EnSilica plc (AIM:ENSI), a leading
chip maker of mixed signal ASICs ("Application Specific Integrated
Circuits"), is pleased to announce that it has been awarded a €2.13
million development contract under the European Space Agency's
("ESA") Navigation Innovation and Support Programme ("NAVISP")
Element 2 (the "Project").
Under the terms of the Project,
EnSilica will receive funding covering 80% of the €2.13 million
Project costs. The Company will be focused on developing a key
silicon component to enable next-generation resilient multi-band
Global Navigation Satellite System ("GNSS") capabilities which are
vital to ensuring the world's critical infrastructure and services
remain robust and secure in the face of evolving global
threats.
The NAVISP Element 2 programme helps
to increase the competitiveness of participating European states in
the global market for satellite navigation and enables these
countries to be well positioned to capitalise on emerging market
opportunities across Positioning, Navigation and Timing ("PNT")
technologies and services.
EnSilica has a growing satellite
communications market footprint and is working with support from
ESA and UKSA, with the latter organisation awarding the Company
£10.38 million in February 2025 for a development project under its
Connectivity in Low Earth Orbit programme.
Ian
Lankshear, Chief Executive Officer of
EnSilica, commented:
"I
am extremely proud of our team to have been awarded this contract
under the ESA NAVISP Element 2. This funding will enable us to
further enhance global navigation satellite systems technology and
continue to develop commercial solutions that are critical for
resilient and reliable satellite navigation.
We
are grateful for the ongoing support from ESA and the UKSA, and we
continue to focus on PNT and the broader satellite communications
market as a key growth driver of our
business."
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
|
The person responsible for arranging release of this
announcement on behalf of the Company is Ian Lankshear, Chief
Executive Officer.
About EnSilica plc
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. 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 and
Campinas, Brazil.
