EUR 5m Satellite Broadband Chip Contract Win

RNS Number : 2214Q

EnSilica PLC

17 February 2023

 

Prior to publication, the information contained within this announcement was deemed by the Group to constitute inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

17 February 2023

EnSilica plc

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

€ 5 million contract award to develop Satellite Broadband Chip

EnSilica (AIM:ENSI), a leading mixed signal chip maker, is pleased to announce that it has been awarded a €5m contract to develop a new chip to address the next generation of mass market satellite broadband user terminals (the "Contract").

The Contract has been awarded in the framework of the European Space Agency's (ESA) Advanced Research in Telecommunications Systems Core Competitiveness programme (" ARTES CC"), through the support of the UK Space Agency . The activities included in the Contract are co-funded (75%) by the ARTES CC programme. The ARTES CC programme is designed to support industry to develop the next generation of telecommunications technologies, products and systems in the satellite communication market.  The Contract foresees development activities over 2 years.

EnSilica will develop its own satellite broadband chip, to enable the next generation of low-cost, low-power satellite broadband user terminals. This type of component is a key enabler for user terminals operating with low earth orbit (LEO) satellite systems. User terminals track the relative movement of the satellites, allowing users to access high capacity connectivity in a very wide range of use cases, including automotive, maritime and aerospace connectivity, as well as connectivity for rural households.  

EnSilica has a strong track record within the satellite market, having successfully completed a €2.2m (75% co-funded) ARTES CC contract with ESA in 2019 to develop the Company's own mmWave chip, which is another key component in the next generation of affordable, low-power, consumer-scale electronically steerable antennas.

The Company is also working with satellite user terminal providers to optimise the chipset to meet the needs of their next generation of products.

Ian Lankshear, Chief Executive Officer of EnSilica plc, commented:

"The sizeable satellite communications market is a growth driver for our business, and we are delighted to be continuing our successful partnership with both UKSA and ESA to further develop innovative semiconductor solutions for the next generation of satellite broadband user terminals.

Given the high number of chips per antenna, and the millions of users that could adopt these services, the potential growth within this market could be significant for our business in the medium term."

Henny Sands, Head of Telecoms at the UK Space Agency, said:

"EnSilica's plan to develop an innovative chip to enable a wide range of satellite broadband user terminals is a brilliant example of the diversity of expertise in the UK's leading satellite communications sector.

"Through the ARTES CC programme the UK Space Agency aims to champion UK companies that have the right expertise and ambition to become global players in this market and lead on ground-breaking technologies that will enhance the wider UK space sector, create jobs and generate further investment.That's why we recently announced £50 million of fundingfor ambitious and innovative projects that will supercharge the UK's satellite communications industry."

Dietmar Schmitt, Head of Technologies & Products Division at ESA, said

" ESA is pleased to continue our collaboration with EnSilica through the ARTES Core Competitiveness programme and to support this important technology development, which will facilitate the provision of high capacity connectivity across a wide range of use cases."

For further information please contact:

EnSilica plc Ian Lankshear, Chief Executive Officer Matthew Wethey, Chief Financial Officer www.ensilica.com	Via Vigo Consulting [phone]
Allenby Capital Limited, Nominated Adviser & Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington/Tony Quirke (Sales & Corporate Broking)	[phone] [e-mail]
Vigo Consulting (Investor & Financial Public Relations) Jeremy Garcia	[phone] 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 India and Brazil.

About ESA'S ARTES Core Competitiveness Programme

ESA's ARTES (Advanced Research in Telecommunications Systems) programme is unique in Europe and aims to support the competitiveness of European and Canadian industry on the world market. Core Competitiveness is dedicated to the development, qualification and demonstration of products ("Competitiveness and Growth"), or long-term technology development ("Advanced Technology"). Products in this context can be equipment for the platform or payload of a satellite, a user terminal, or a full telecom system integrating a network with its space segment.

Find out more at: https://artes.esa.int/core-competitiveness

 

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