#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 Vela Technologies PLC investee co. #ENSI Ensilica PLC – EUR 5m Satellite Broadband Chip Contract Win February 17, 2023 – Posted in: Vela Technologies Plc (VELA)

EnSilica (AIM:ENSI), a leading mixed signal chip maker, is pleased to announce that it has been awarded a €5m contract to develop a new chip to address the next generation of mass market satellite broadband user terminals (the “Contract”).   The Contract has been awarded in the framework of the European Space Agency’s (ESA) Advanced Research in Telecommunications Systems Core Competitiveness programme (“ARTES CC”), through the support of the UK Space Agency. The activities included in the Contract are…

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#VELA Vela Technologies PLC investee co. #SKL Skillcast Group PLC – Full Year Trading Update January 26, 2023 – Posted in: Vela Technologies Plc (VELA)

Skillcast Group plc, the provider of content and technology for digital compliance transformation, is pleased to announce a positive trading update for the year ended 31 December 2022.   The Group’s revenue for 2022 is expected to be c. £9.8 million, 17% higher than the previous year (2021: £8.4 million). The revenue increase is driven by strong growth in recurring subscription revenues, which increased by 26% to £6.7 million (2021: £5.3 million). Recurring subscription revenues…

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