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 – AGM Statement – Posted in: Vela Technologies Plc (VELA)

#VELA investee co. #ENSI EnSilica PLC – Announcement by SIAE Microelettronica re. Contract September 27, 2024 – Posted in: Vela Technologies Plc (VELA)

EnSilica, a leading chip madker of mixed signal ASICs (Application Specific Integrated Circuits), notes the following press announcement released today by SIAE Microelettronica regarding the contract announced by EnSilica on 2 September 2024: “SIAE MICROELETTRONICA, a leading provider of innovative microwave radio and wireless network solutions, has selected EnSilica, a leading turnkey supplier of mixed signal ASICs and SoCs, to assist the design of Application-Specific Integrated Circuits (ASICs) for its next-generation telecommunication infrastructure products. …

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 investee co. #ENSI EnSilica PLC – Receipt of R&D tax credit February 29, 2024 – Posted in: Vela Technologies Plc (VELA)

Receipt of R&D tax credit The Company is pleased to advise that it has now received payment for the 2023 R&D tax credit that was referred to in the Company’s interims results on 26 February 2024. 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 Adviser & Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Joscelin Pinnington/Tony Quirke (Sales &…

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…