Vela Technologies #VELA – Quarterly Investment Update November 28, 2024 – Posted in: Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to report an investment update for the quarter ended 30 September 2024. Key numbers as at 30 September 2024 · The value of Vela’s total assets (including cash) increased by £251,000 during the quarter to £3,055,000 from £2,804,000 (quarter to 30 June 2024 – a decrease of £2,737,000). · The fair value of the investment portfolio (excluding cash)…

Vela Technologies #VELA – Investee Co EnSilica #ENSI AGM Statement & Result of AGM – Posted in: Vela Technologies Plc (VELA)

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…

#VELA investee co. #ENSI EnSilica PLC – Siemens AG Award Design & Supply Contract September 12, 2024 – Posted in: Uncategorized

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has been awarded an additional ASIC design and supply contract by Siemens AG (“Siemens”), the multinational technology conglomerate (the “Contract”). The NRE (non-recurring engineering) component of the Contract will commence in calendar year 2025, with the initial production phase expected to start in Q4 2027. Siemens incorporates ASICs in various industrial automation systems, including their programmable…

Vela Technologies #VELA investee co EnSilica #ENSI announces major Telecommunications ASIC Contract valued over US$30m September 2, 2024 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has signed a significant ASIC design and supply contract (the “Contract”) with a leading European telecommunications equipment provider (the “Client”). This Contract finalises the preliminary terms of an agreement originally announced on 22 December 2023, with the total value, including NRE (non-recurring engineering) and supply, projected to exceed US$30 million over a ten-year period, based on…

Vela Technologies #VELA – Quarterly Investment Update August 30, 2024 – Posted in: Uncategorized, Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to report an update for the quarter ended 30 June 2024. Key numbers as at 30 June 2024* · The value of Vela’s total assets (including cash) decreased during the quarter by £2,737,000 to £2,804,000 (quarter to 31 March 2024 – a decrease of £640,000 to £5,541,000). · This decrease is entirely attributable to the collapse…

Vela Technologies #VELA – Investee Co EnSilica #ENSI EnSilica wins new supply order for Edge AI Chip July 15, 2024 – Posted in: Vela Technologies Plc (VELA)

EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce a US$7 million order from a new customer (the “Order”). The Order is for the masking – being the non-recurring engineering (“NRE”) component – and initial wafer supply for an edge artificial intelligence (“AI”)* processing chip. Based on the customer forecasts, approximately US$5 million of revenue is expected to fall into the Company’s current financial year. There is a further…

Vela Technologies #VELA investee co EnSilica #ENSI appoints Chief Financial Officer May 13, 2024 – Posted in: Vela Technologies Plc (VELA)

Vela investee co EnSilica, a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that, further to the announcement on 5 February 2024, Kristoff Rademan has today been appointed as a director of the Company and commenced his role as Chief Financial Officer. For further information please contact: EnSilica plc Ian Lankshear, Chief Executive Officer www.ensilica.com Via Vigo Consulting +44 (0)20 7390 0233 Allenby Capital Limited, Nominated…

Vela Technologies #VELA investee company EnSilica secures follow-on $2.4m contract with existing customer September 1, 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 with an existing Europe-based customer for approximately $2.4 million (the “Contract”). This most recent award with a longstanding EnSilica customer is for the development of a next generation advanced networking ASIC. The majority of the Contract revenue will be realised in the Company’s current financial year ending 31 May 2024…

Vela Technologies #VELA – Investee Company EnSilica #ENSI secures two new contracts with existing customers worth $3.6m December 12, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica, a leading mixed signal chip maker, is pleased to announce that it has secured two new contracts, from existing customers based in mainland Europe, for a combined total of $3.6 million. The contracts, which underpin current market expectations, include incremental workflows with a major automotive Tier 1 customer, with both contracts expected to commence by January 2023. One of the contracts is to develop a TSMC 1 12 nm FinFet 2 chip, which the…

Vela Technologies #VELA – Investee company EnSilica #ENSI Named Company of the Year at UK Chip Oscars December 9, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading mixed signal chip maker, is pleased to announce that it was named the UK’s electronics Company of the Year at last night’s prestigious TechWorks Awards, the UK’s “Chip Oscars”. Declared by TechWorks as the night’s big winner, EnSilica also took home the TechNES Design Award, a collaboration award for the development of a Ka-band vehicle to satellite ASIC, that gives high-speed internet anywhere on the planet and young EnSilica engineer…