3rd Feb 2025 11:06
(Alliance News) - EnSilica PLC on Monday said it has won more than GBP10 million in funding from the UK Space Agency, to support its connectivity in low earth orbit development project.
EnSilica is an Oxford, England-based fabless design house providing custom design and supply of mixed signal application-specific integrated circuits.
The group has been awarded GBP10.4 million in funding over the next three years for the UK Space Agency's C-LEO programme, which was launched last year.
The C-LEO programme has a total funding pool of up to GBP160 million over the next four years, to support the development of smarter satellites, enhanced hardware, artificial-intelligence-driven data delivery and improved inter-satellite connections.
"We are honoured and proud to have won this highly significant award from the UK Space Agency under the C-LEO programme, as we believe satellite communications is an incredibly important sector for EnSilica and one that is fast expanding globally," Chief Executive Officer Ian Lankshear said.
"This funding will enable us to advance our technology and bring innovative solutions to the satellite broadband market, with the project expected to be hugely beneficial to society, offering resilient internet connectivity in times of crisis, as well as providing high speed internet connectivity in remote communities not well served by terrestrial networks.
"We welcome the ongoing support from the UK Space Agency, which provides the framework for EnSilica to develop the technology required to address a market worth many hundreds of millions."
This funding builds on EnSilica's previous contracts with the UK Space Agency and the European Space Agency, including EnSilica's work on the European Space Agency's advanced research in telecommunications systems core competitiveness programme.
Shares in EnSilica were up 6.4% at 44.70 pence each in London on Monday morning.
By Emily Parsons, Alliance News reporter
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