REG - EnSilica PLC - Post Quantum Cryptography Accelerators IP Release

EnSilicaAnnouncement

12/01/2024 07:00

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RNS Number : 4647Z  EnSilica PLC  12 January 2024

12 January 2024

 

EnSilica plc

("EnSilica", the "Company" or the "Group")

 

Release of Post Quantum Cryptography accelerators IP

 

First customer license granted to major semiconductor supplier

 

EnSilica (AIM: ENSI), a leading chip maker of mixed-signal ASICs (Application
Specific Integrated Circuits), is pleased to announce the release of a range
of Post-Quantum Cryptography ("PQC") accelerators, with the first of these
intellectual property ("IP") licenses granted to a major semiconductor
supplier.

 

EnSilica is one of the few companies to offer advanced cryptographic
accelerators(1) to the market as licensable IP cores, expanding EnSilica's
comprehensive range of non-quantum resistant cryptography accelerators for use
in its ASICs and other semiconductors.

 

PQC refers to cryptographic algorithms that can withstand cyber-attacks from
quantum computers. As quantum computing advances and noting that artificial
intelligence ("AI") based systems are often backed by large datasets that need
to be kept secured, there is a real threat that cyber-attacks will break the
current public key-based cryptography used in today's secure communications
and financial transactions. The draft standard for the first of these
cryptographic algorithms was published by the U.S. Department of Commerce's
National Institute of Standards and Technology ("NIST") last year.

 

The widespread adoption of PQC is fuelled by the fear that sensitive encrypted
data harvested today, might one day be compromised once powerful quantum
computers emerge. This is a critical concern for governments safeguarding
secrets and businesses handling sensitive and confidential information.

 

As well as PQC, the cybersecurity landscape is evolving, necessitating the
redesign of many ASICs. This is due to the European Union's recently enacted
Network and Information Security ("NIS2") directive. The NIS2 directive, now
encompassing a wider remit than the original Network and Information Security
directive released in 2016, now includes the manufacturing sectors for
critical products such as pharmaceuticals, medical devices, and chemicals, as
well as other critical services such as energy and waste management, public
electronic communication networks as well as space and aerospace.

 

Ian Lankshear, Chief Executive Officer of EnSilica, commented:

 

"EnSilica's commitment to technological innovation is reflected in our
comprehensive range of cryptographic accelerators IP to address the next
generation of cybersecurity threats.

 

The commercial licensing agreement with this major semiconductor giant
validates the intrinsic value of our intellectual property. EnSilica not only
licenses its IP to other semiconductor companies but also leverages it in the
development of custom ASICs which we supply to our clients. Having such IP is
a key differentiator for EnSilica's ASIC business given the markets we
address, as well as for bringing in high margin IP licensing revenue."

 

(1) Cryptographic accelerator: a specialized hardware component integrated
into semiconductor devices, designed to efficiently perform cryptographic
operations, such as encryption and decryption, faster, with lower-power and
more securely than software-based implementations.

 

For further information please contact:

 

 EnSilica plc                                                        via Vigo Consulting

 Ian Lankshear, Chief Executive Officer                              +44 (0)20 7390 0233

 www.ensilica.com (http://www.ensilica.com/)

 Allenby Capital Limited, Nominated Adviser & Broker                  +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj (Corporate Finance)                  info@allenbycapital.com

 Joscelin Pinnington / Tony Quirke (Sales & Corporate Broking)

 Vigo Consulting (Investor & Financial Public Relations)             +44 (0)20 7390 0233 ensilica@vigoconsulting.com

                                                                   (mailto:visum@vigoconsulting.com)
 Jeremy Garcia / Kendall Hill

 

About EnSilica

 

EnSilica is a leading fabless design house focused on custom ASIC design and
supply for OEMs and system houses, as well as IC design services for companies
with their own design teams. The company has world-class expertise in
supplying custom RF, mmWave, mixed signal and digital ICs to its international
customers in the automotive, industrial, healthcare and communications
markets. The company also offers a broad portfolio of core IP covering
cryptography, radar, and communications systems. EnSilica has a track record
in delivering high quality solutions to demanding industry standards. The
company is headquartered near Oxford, UK and has design centres across the UK
and in Bangalore, India and Porto Alegre, Brazil.

 

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