#VELA TECHNOLOGIES PLC – INVESTEE CO. ENSILICA #ENSI – TRADING UPDATE April 27, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading mixed signal chip maker, announces a trading update for the financial year ending 31 May 2023 (“FY23”). The Group has continued to trade strongly across the second half of FY23, delivering excellent new contract momentum, alongside completing a number of pre-existing projects in the period. As a result, the Board of Ensilica now expects the results for FY23 to significantly exceed current market expectations1 for EBITDA by approximately 30%, with revenue…

#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 – $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 Investment in EnSilica March 14, 2023 – 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, announces that the Company has invested £125,000 in EnSilica plc (“EnSilica”) through the purchase of 178,572 ordinary shares. The investment has been made as part of a £2.0 million placing undertaken by EnSilica, details of which were announced by EnSilica on 9 March 2023. Further information on EnSilica EnSilica is a leading fabless design house focused on…

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…

Vela Technologies #VELA – Investee Co ENSilica #ENSI AGM Trading Update November 24, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading chip maker of mixed signal ASICs (“Application Specific Integrated Circuits”), provides an update ahead of its Annual General Meeting (“AGM”) scheduled to be held at 10.00 a.m. today. At the AGM, Mark Hodgkins, Executive Chair of EnSilica, will make the following statement: “In our first AGM statement as a public business, I am delighted to report that EnSilica traded strongly across the financial year ended 31 May 2022 (“FY 22”),…

Vela Technologies #VELA – Quarterly Investment Update November 8, 2022 – Posted in: Blog, 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 provide an update for the quarter ended 30 September 2022. Key numbers as at 30 September 2022: Net assets per share at 30 September were 0.039p (30 June 2022 – 0.041p). Vela’s portfolio comprised a total of 13 active investments (30 June 2022 – 13). Two of these investments were unquoted, ten were quoted, and…

Vela Technologies #VELA – Investee company EnSilica #ENSI guidance update, notice of results & investor presentation October 5, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading chipmaker of mixed signal ASICs (Application Specific Integrated Circuits), announces that it will report its final results for the year ended 31 May 2022 (“FY 2022”) on Monday, 17 October 2022. The Company now expects to report adjusted EBITDA for FY 2022 materially higher than previous guidance of £0.5m as indicated on 3 August 2022, mainly due to the treatment of research and development costs. Investor Presentation Management will be…

Vela Technologies #VELA – Final results for the year ended 31 March 2022 September 28, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela Technologies plc (AIM: VELA) is pleased to announce the Company’s final results for the year ended 31 March 2022. Vela’s Annual Report and Accounts for the year ended 31 March 2022 (“Annual Report”) and the Notice of Annual General Meeting (“AGM”) will be posted to shareholders today. The Company’s Annual Report and Notice of AGM will be available shortly on the Company’s website at http://www.velatechplc.com/. The AGM will be held at…