01273 704473

info@novuscomms.com

01273 704473

info@novuscomms.com

#VELA investee co. #ENSI EnSilica PLC – c.US$20 million Supply Win, Placing to raise £1.1 million and notice of GM February 28, 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 secured a significant order for the tape-out of a custom ASIC from a major electronics manufacturer headquartered in the US, worth c.US$20 million in revenue for the calendar years 2025 and 2026 (the “Supply Win”). The tape-out process marks the stage where the design of the ASIC is finalised and sent to the foundry for…

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#VELA investee co. #ENSI EnSilica PLC – Awarded initial mandate for telecoms ASIC December 22, 2023 – Posted in: 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 entered into an exclusive and binding Letter of Intent for the development and supply of a high-end ASIC for use in telecommunications infrastructure (the “Agreement”), with work commencing next month.   The Agreement has been awarded by an established telecommunications equipment supplier and provides for the commencement of the ASIC specification and then design…

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#VELA investee co. #MTI MTI Wireless Edge LTD – 5G Contract Wins September 27, 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 that its Antenna division has received orders from the Indian divisions of two large Original Equipment Manufacturers worth approximately US$0.6 million for its 5G backhaul antenna solution, to be delivered by the end of this year. The orders have been placed by existing customers. Commenting on the orders, Dov Feiner, GM…

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#VELA investee co. #MTI MTI Wireless Edge Ltd – Establishment of new subsidiary in India July 21, 2023 – Posted in: Uncategorized, 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 the establishment of its subsidiary, ‘MTI Wireless Communication India Private Limited’, to cater to the demand for cutting-edge antennas in India’s rapidly evolving 5G cellular market. As a key player in the antenna technology space for over 60 years, MTI has consistently provided innovative and reliable solutions to global clients, including…

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#VELA Vela Technologies PLC investee co. #MTI MTI Wireless Edge LTD -Proposed appointment of Non-Executive Director February 6, 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 that it will be holding its Annual General Meeting (the “AGM”) at 14.00 hrs (London time) on 14 March 2023. The AGM will be held at the offices of Allenby Capital Limited, 5 St Helen’s Place, London, EC3A 6AB for the purpose of: 1.  the presentation of the financial reports for…

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#VELA Vela Technologies plc- Investee Co. #MTI MTI Wireless Edge Ltd- Q3 2022 Financial Results November 21, 2022 – 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 financial results for the nine-month period ended 30 September 2022 (the “Period”). Financial highlights ·    Strong trading during the Period with revenue growth of 8% to $34.8m (2021: $32.1m) ·    Increased EBITDA, up 14% to $4.58m (2021: $4.03m) ·    One-off acquisition and depreciation costs led to net profit of $2.74m…

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