#VELA investee co #ENSI Ensilica PLC – EUR2.5m Satellite Broadband Chip Contract Secured August 30, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has secured a contract worth €2.5m with a lead customer for EnSilica’s proprietary satellite broadband chip (the “Contract”). The Contract provides the customer with early access to the satellite broadband chip and an order for EnSilica for the first 50,000 chips. The Customer is a vendor of user terminals for SatCom on-the-Move (SOTM) applications,…

#VELA Vela Technologies PLC investee co. #ENSI EnSilica PLC – ASIC Contract Extension April 11, 2023 – Posted in: Vela Technologies Plc (VELA)

EnSilica, a leading mixed signal chip maker, is pleased to announce that it has extended the scope of work with an existing customer in the communication market for additional ASIC design and production support (‘the Contract’). The Contract is now anticipated to generate an additional $1.3 million in revenue from design and production work over the course of the Company’s current financial year (ending 31 May 2023) and across the 2024 financial year. The Company…

#VELA Vela Technologies PLC investee co. #ENSI EnSilica PLC – Directorate Change – Posted in: Vela Technologies Plc (VELA)

Directorate Change EnSilica (AIM:ENSI), a leading mixed signal chip maker, announces that Matthew Wethey, Chief Financial Officer, has stepped down from his position at the Company. During his time at EnSilica, Matthew played a key role in managing the Company through its IPO in May 2022, including preparing to scale the business and laying the foundations for future revenue growth. The board is grateful to Matthew for his contribution during a period of significant…

#VELA Vela Technologies PLC investee Co. #ENSI Ensilica PLC – $2.4m contract secured with existing customer April 3, 2023 – Posted in: Vela Technologies Plc (VELA)

EnSilica, a leading mixed signal chip maker, is pleased to announce that it has secured a contract with an existing European based customer for approximately $2.4 million (‘the Contract’). This most recent award with a longstanding EnSilica customer follows a period of strong new business momentum over the last four months, with contracts announced and others secured by the Company since 30 November 2022 totalling approximately $13.5 million and underpinning current market expectations. The Contract,…

#VELA Vela Technologies PLC investee co. #MWE MTI Wireless Edge LTD – Final Results for 2022 March 13, 2023 – Posted in: Vela Technologies Plc (VELA)

MTI Wireless Edge Ltd (AIM:MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce its audited results for the year ended 31 December 2022. 2022 Highlights A strong financial performance in 2022 · Delivered revenue growth of 7% to US$46.3m (2021: US$43.2m) · A 12% increase in adjusted EBITDA to US$6.06m (2021: US$5.4m), helped by the economies of scale from the increasing size of the Group…

Vela Technologies Plc investee co. #ENSI EnSilica Plc – Retail Offer to raise up to £0.5 million and Placing & Subscription Raises £2m & Retail Offer March 9, 2023 – Posted in: Vela Technologies Plc (VELA)

EnSilica (AIM:ENSI), a leading mixed signal chip maker, is pleased to announce that it has conditionally raised £2.0 million (before expenses) by way of a placing and subscription (the “Placing“ and the “Subscription” respectively) of a total of 2,857,143 new ordinary shares of 0.1p each in the Company (“Ordinary Shares”) at a price of 70 pence per new Ordinary Share (the “Issue Price”). Retail Offer In addition to the Placing and the Subscription,…

Vela Technologies #VELA – Rural Broadband Sltn (RBBS) Infrastructure funding and name change October 7, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Infrastructure funding complete and name change to Global Connectivity plc Rural Broadband Solutions Plc (AQSE: RBBS), a provider of high speed broadband to rural areas of Great Britain, announces a proposed investment from Tiger Infrastructure Partners Fund III LP (“Tiger”) into its two operating subsidiaries and a change of name to Global Connectivity plc. Highlights : • Tiger agrees to invest up to £75 million in Rural Broadband Solutions Holdings Limited (“RBSHL”), a newly formed company, and will…

Vela Technologies #VELA investee company – Rural Broadband Solution #RBBS – Statement re FTTP to Shropshire Villages August 25, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Rural Broadband Solutions Plc (AQSE: RBBS), a leading provider of broadband services to rural areas of the UK, has announced that Stiperstones and Woolston in Shropshire are its first locations to have fibre-to-the-premises (FTTP) technology rolled out. The investment in this area of the county will also include the surrounding villages of Habberley and Cardington by the middle of September. Customers have a choice from the four packages offered by SWS Broadband, a subsidiary of…

Alan Green covers news from #AAF Airtel Africa, #BHC British Honey Company & #ECR ECR Minerals February 14, 2022 – Posted in: Blog

Listen to Alan Green on the Vox Market Podcast covering news from #AAF Airtel Africa, #BHC British Honey Company & #ECR ECR Minerals here