Vertical Aerospace, whose Valo aircraft is expected to enter service from 2030, said it was in high-level discussions about potential orders from the Ministry of Defence (MoD) and the Pentagon.

Stuart Simpson, the start-up's chief executive, said the Valo was well-suited to fulfilling logistics requirements on the battlefield. It could also be weaponised for a combat role or used for transferring personnel between Royal Navy vessels.

Discussions with a number of Western militaries concern a hybrid version of the electric vertical takeoff and landing (eVOL) craft, which would use a small gas turbine to recharge its batteries.

Mr Simpson said the hybrid aircraft would still be able to land in near silence, while doubling its potential payload to more than a ton.

‘He said: "We are having discussions right at the top of the house with the military. We've got some fantastic connections both here and across the pond. We talk to all the forces at a very senior level.

"For battlefield logistics, you can take off silently, cruise in near silence and then land in silence. At cruising altitude, the gas turbine is so small you can barely hear it."

The aircraft could also be flown autonomously, without a pilot, Mr Simpson said.

The Valo's battery packs could be used to power electrical equipment on the front line as an alternative to diesel generators.

Vertical Aerospace claims the rival eVTOLs being developed by California-based Joby and Archer are less suited to a battlefield environment, arguing they are too small to be refitted with hybrid engines.’

Read the full article…

https://www.yahoo.com/news/world/articles/ministry-defence-plots-flying-taxis-090000383.html

New flexible, low-carbon NFC chip delivers instant tamper detection, product authentication and deeper brand engagement to protect consumers, secure supply chains and build lasting trust.

• Early access program launches for customers to source Pragmatic NFC Protect PR1311 from key assembly partners
• Tamper detection for retail, healthcare and industrial applications to deter counterfeiting and grey market activity across the product lifecycle with the simple tap of a smartphone
• Unique digital product identity and digital tamper evidence enables trusted verification of product authenticity and tamper status for consumers, retailers and brands
• Cost-optimised, sustainable item-level intelligence at scale for mass market adoption

CAMBRIDGE, United Kingdom, 23rd June 2026: Pragmatic Semiconductor, a pioneer in flexible semiconductor technology, today announced the launch of its new tamper detection product, Pragmatic NFC Protect PR1311. Designed to help brands protect customers, safeguard product integrity, and strengthen reputation and trust, NFC Protect provides a simple way for consumers to verify that a product is intact, genuine and safe at every stage of its lifecycle. Flexible and imperceptible to the touch, the new chip integrates seamlessly into products and packaging, including on curved surfaces, enabling brands to build trust while preserving aesthetics and maintaining consumer experience.

Counterfeiting, tampering, and grey market diversion erode consumer confidence and brand reputation, and most critically, expose customers to potential harm. Sectors where product integrity is directly linked to consumer safety are most vulnerable to these growing problems, including wine and spirits, pharmaceutical and wellness products, beauty and cosmetics, industrial products, baby foods and pet food. NFC Protect provides integrated sensing to detect tamper incidents, enabling consumers and brands to instantly verify a product’s status and seal integrity with just a tap of a smartphone.

Key benefits: 

• Product safeguarding: provides clear, accessible proof of product integrity throughout the customer journey, helping reduce risk for consumers, retailers and brands while increasing transparency and trust across the supply chain.
• Brand protection: creates a persistent product identity through a unique serial number programmed and locked at manufacture combined with real-time tamper status to enhance traceability through the product lifecycle.
• Consumer experience: extends value beyond first-use verification by enabling ongoing, contextual consumer interactions tailored to the product’s tamper status, delivering a richer, long-term brand engagement.
• Sustainable intelligence: manufactured using advanced low-carbon production technique, NFC Protect combines sustainability, cost efficiency, and mass market scalability to enable brands to rapidly deploy protection across more products and markets.

James Davey, SVP Sales, Business Development and Product Management at Pragmatic Semiconductor, said, “The value of global trade in counterfeit goods is estimated at almost half a trillion dollars annually1, with the growth of e-commerce creating new opportunities for product tampering and fraud. Pragmatic NFC Protect PR1311 enables brands to invisibly embed authentication and data integrity throughout the product lifecycle, from production to consumption. Our partners can now expand their product portfolios to provide customers with secure digital proof of a product’s status, giving people control and confidence wherever and however they choose to purchase.”

Avery Dennison is a global leader in materials science and digital identification solutions. It is also a strategic investor in Pragmatic. Mathieu De Backer, the company’s VP of Intelligent Labels Innovation, added, “The future of connected products depends on more than proving authenticity – confidence and integrity are required throughout each stage of the supply chain. NFC Protect has the potential to unlock a new generation of trusted, intelligent packaging and products. As a long-term strategic partner of Pragmatic Semiconductor, we’re excited to explore how this pioneering innovation can make item-level tamper detection accessible at true mass market scale.”

Frank Lehmann, Vice President of Corporate Venturing and Open Innovation at Amcor, a global leader in packaging solutions for consumer and healthcare products and a strategic investor in Pragmatic Semiconductor, said, “Consumers need to trust that the products they purchase have not been opened or compromised before use. By making tamper detection practical at scale, this innovation could help brands strengthen trust while unlocking new opportunities for protected packaging, particularly in high-risk industries like beauty, wellness and healthcare industries.”

Qiao Luyun, Chairman at Jinjia Group, said, “Smart packaging has emerged as a critical touchpoint for brands to foster consumer trust. By enabling seamless consumer interaction via NFC tags, brands can deepen connections with audiences and boost brand awareness. This solution also captures user behavioural data and consumer feedback to power targeted marketing campaigns, expand service portfolios and refine pricing strategies. Integrating tamper detection, product authentication and digital interactive capabilities into conventional packaging marks an inspiring milestone for the whole industry.”

Sebastian Münscher, Senior Product Manager RFID/NFC Solutions, Schreiner MediPharm, said, “Brands are increasingly looking at packaging as a strategic opportunity for consumer engagement and brand protection. Pragmatic’s latest tamper detection technology has the potential to make product integrity solutions commercially viable at a scale that opens entirely new opportunities for both brand owners and consumers. As a leading supplier of RFID and NFC labels to the pharmaceutical industry, we see a great potential to include Pragmatic’s new tamper detection technology in our solutions for digital first-opening indication such as our Cap-Lock Labels for syringes and vials, or our Autoinjector-Labels.

Lesley Suen, VP Product and Tech, IT & GM GC, SML, said, “We see strong potential in exploring how Pragmatic’s flexible semiconductor technology could complement SML’s expertise in digital identity and connected products. Through this collaboration, we look forward to exploring opportunities to work together across product authentication, consumer engagement, and supply chain transparency, while gaining deeper insights into how these technologies may help address evolving industry needs.”

• Astronics to supply low-voltage power distribution system for Vertical's Valo aircraft
• Supplier agreement strengthens Vertical's world-class aerospace supplier ecosystem as the Company advances toward certification and scaled production

LONDON & EAST AURORA, N.Y.--(BUSINESS WIRE)--Vertical Aerospace ("Vertical" or the "Company") (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, today announced a long-term agreement with Astronics Corporation (NASDAQ: ATRO), a leading provider of advanced technologies for the global aerospace, defense and other mission critical industries, to supply the low-voltage ("LV") power distribution system for Vertical's Valo electric vertical take-off and landing (eVTOL) aircraft.

Under the agreement, Astronics will provide the aircraft's LV power distribution system, including power conversion and distribution hardware that manages and protects electrical power for critical aircraft systems. The system converts high-voltage electrical power from the aircraft's propulsion architecture into low-voltage power used by avionics, flight controls and other essential onboard systems.

Astronics has supported Vertical throughout the prototype phase of aircraft development, with its hardware already integrated into Vertical's piloted flight test aircraft. The company's purpose-built eVTOL electrical power solutions and extensive aerospace experience make it the ideal supplier for Valo as Vertical advances toward certification and commercial production.

This agreement further strengthens Vertical's supplier ecosystem across Valo’s key aircraft systems, including leading suppliers such as Honeywell (flight control and aircraft management systems), Aciturri (airframe structures), Evolito (electric propulsion units), Hyundai WIA (landing gear), Syensqo (composite materials) and Isoclima (transparencies).

Stuart Simpson, CEO of Vertical Aerospace, said:

"Building a certifiable aircraft requires not only breakthrough technology, but also a world-class supplier ecosystem. Astronics brings deep expertise in aircraft electrical power systems and has already demonstrated its capabilities through our flight test programme. This agreement is another important step as we mature Valo's design, strengthen our supply chain and advance toward certification and commercial production."

Jon Neal, President of Astronics Advanced Electronic Systems, said:

"Astronics is proud to be working with Vertical Aerospace as the supplier of their power distribution system for the Valo aircraft. Our CorePower® system is purpose-built for eVTOL applications, combining high-voltage power conversion with low-voltage power distribution delivering reliable, fault-protected power to flight-critical systems including avionics, flight controls, and navigation. CorePower was designed from the ground up to meet aerospace certification standards, giving our customers a lightweight, compact solution that reduces integration risk and supports their path to type certification. We look forward to continuing our close collaboration with the Vertical team through CDR and Valo's entry into service.”

The announcement follows continued progress on the Valo programme as Vertical advances toward Critical Design Review (CDR), establishing the certifiable design baseline for the aircraft ahead of certification-conforming aircraft production and testing.

About Astronics Corporation

Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets. For more information on Astronics and its solutions, visit Astronics.com.

About Vertical Aerospace

Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.

Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL.

Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical's experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding a long-term supply agreement with Astronics to supply the low-voltage power distribution system for Valo, the design and manufacture of our aircraft and the hybrid-electric variant, certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the features and capabilities of the aircraft, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

France’s ANSSI is linking security certification to Post-Quantum Cryptography (PQC) and intends to stop certifying security products that lack quantum-resistant encryption, a move that will ​force government bodies and critical operators to shift away from older ‌systems. ANSSI approval will also be required for use in French government agencies ​and critical infrastructure, making the policy a de facto phase-out of ⁠older encryption.

Samih Souissi, ANSSI's chief of staff, said at the France Quantum conference that the agency would halt such certifications from 2027, and that businesses should be buying only quantum-safe products ​by 2030.

That’s positive news for EnSilica as one of Europe’s leading ASIC semiconductor designers, and one of few firms with expertise and intellectual property for post-quantum cryptography silicon. With their novel 3-in-1 PQC silicon intellectual property and a secure processor for critical infrastructure in development thanks to British government funding, the future bodes well for them in my opinion.

https://www.ensilica.com/news-and-insight/ensilica-cuts-post-quantum-cryptography-pqc-silicon-area-with-three-in-one-ip-block/

https://www.ensilica.com/news-and-insight/quantum-cryptography-processor-chip/

26 June 2026

Invinity Energy Systems plc

("Invinity" or the "Company")

Update on UK LDES Cap and Floor Scheme

Invinity VFB technology selected by Ofgem to progress under scheme

Invinity Energy Systems plc (AIM: IES), a global leader in vanadium flow battery technology, notes today's announcement from Ofgem of its "minded-to decisions" for Window 1 of the UK LDES Cap and Floor Scheme and the inclusion of the Frontier Legacy project on this list. This project has a total capacity of 520 MWh and is currently expected to be split approximately equally between Invinity's vanadium flow battery technology and zinc-halide battery technology.

The Company views today's announcement positively and notes Ofgem's specific comment that the inclusion of Invinity's vanadium flow battery technology in the Frontier Legacy project was a key factor in Ofgem reaching its "minded-to decision". The Company sees this as yet another key validation of Invinity's technology and the role it has in delivering vital Long Duration Energy Storage capacity to the UK grid and globally.

The Company retains its belief that projects specifying Invinity technology represent clear alignment with the UK's Industrial Strategy by supporting domestic supply chains, enhancing energy security, and growing a UK-manufacturing base for LDES.

Invinity will now work to support Frontier Power in this process to advance this project towards financial close over the coming months. The Company notes that, while management retains a high degree of confidence, there can be no assurance that financial close will be achieved in the form currently envisaged, if at all. 

Jonathan Marren, Chief Executive Officer at Invinity said:

"Ofgem's announcement today, particularly their specific reference to Invinity technology's role within the scheme, underlines the continued progress we are making as a business both in the UK and globally.

"The Company views the cap and floor programme accelerating the benefits of longer duration storage for the UK market as a significant national step in the context of a global market experiencing strong growth of 49% year-on-year. Of the 393 GWh^(1) grid scale energy storage expected to be installed globally in 2026, 8.3 GWh (2% of the global total) is in the UK, with 58 GWh (15%) and 19 GWh (5%) expected in the U.S. and in Europe (ex UK) respectively. On a broader basis, we are also currently seeing significant traction in both UK and global C&I and data centre sectors both directly and through industrial partners. The Company therefore remains extremely positive about its prospects for growth."

Stay up to date with news from Invinity. Join the distribution list for the Company's monthly investor newsletter here. 

^(1) Benchmark Q2 2026 Battery Energy Stationary Storage Forecast

Long Duration Electricity Storage (LDES) is an increasingly important part of our energy system. NESO advice shows we need to increase the amount of storage on the system over the next few years. These assets let us capture energy from excess renewables when the wind is blowing and sun is shining and store this for when customers need it.

Ofgem has designed and is running its first ever window for cap and floor support to encourage the development of LDES projects, applying the successes of the similar schemes we have run for many years to encourage the development of interconnectors to other countries.

We were pleased with the very strong set of applicants we received for Window 1 with over 70 projects of nearly 30 GW participating in the Project Assessment. We have completed a thorough project assessment to select the best projects to meet system need. We are pleased to set out the results of that assessment today, with a varied portfolio of projects which we are minded-to support to ensure we are developing the clean power system for the future.

Beatrice Filkin

Director of Major Projects
Ofgem

Read the full document… https://consult.ofgem.gov.uk/energy-generation/ldes-window-1-minded-to-decision/supporting_documents/ldes-window-1-minded-to-decisions-consultationpdf

Thanks to u/Intrepid-Pen-3112 for the heads up on this!

Electronically steered antennas are now a core building block for satellite user terminals, especially in low Earth orbit (LEO) constellations and 5G Non‑Terrestrial Network (NTN) deployments. If you are developing user equipment for satellite communications, terminals must maintain links to fast‑moving satellites, cope with platform motion and interference, and still hit tight power and cost targets. This makes the beamforming silicon architecture a critical design choice. EnSilica’s experience in custom beamforming ASICs for satellite user terminals and wider communications systems directly targets these design constraints.

Why hybrid beamforming silicon matters

A purely analogue array keeps RF hardware compact and power efficient, with phase shifters and gain control close to each antenna element and signals combined in RF. That approach can work for relatively narrowband, slowly changing links, but it struggles once bandwidths grow and interference becomes significant, because beam squint, limited calibration options and weak visibility into the received wavefield start to dominate.

A fully digital array takes the opposite route by digitising every element, enabling multi‑beam operation, adaptive nulling and sophisticated spatial algorithms. The downside is the number of high‑speed converters, clocks and digital channels required at Ku/Ka‑band, which can make power, thermal design and integration impractical for mass‑market terminals.

Hybrid beamforming ASICs provide a pragmatic middle ground. You retain a short, efficient analogue beamforming path at sub‑array level, while moving higher‑level beam shaping and interference mitigation into a smaller set of digital channels. This reduces converter count and power compared with a fully digital array, yet offers far more beam control and observability than a simple analogue design.

Partitioning the phased array

In a hybrid architecture, the aperture is divided into tiles. Each tile typically contains a cluster of radiating elements, one or more analogue beamformer ICs and a digital beamformer device.

• The analogue beamformer ASIC handles per‑element phase and amplitude and combines elements into sub‑arrays.
• The digital beamformer ASIC operates on the digitised outputs of those sub‑arrays rather than on individual elements.

The number of elements feeding each digital channel – the hybrid ratio – is a key design lever. Low ratios provide finer spatial resolution and more powerful interference mitigation; higher ratios cut converter count, data rate and power. For mass‑market user terminals, practical ratios usually sit between a few elements per converter and a few dozen elements per converter, depending on link budget, interference environment and cost targets.

This tiling approach simplifies manufacturability. RF routing remains local and predictable within a panel, and tiles can be replicated to scale array size without redesigning RF distribution each time. In practice, that lets you scale a terminal family by re‑using the same beamforming silicon and tile design across multiple apertures.

Local frequency generation and array coherence

For wideband OFDM waveforms in 5G NTN and high‑order modulation at Ka‑band, array‑level phase noise and coherence matter as much as individual PLL datasheet numbers. If phase errors drift across the aperture, coherent gain is lost, beam pointing degrades and nulls become shallow, while EVM and spectral regrowth worsen.

Hybrid beamforming silicon addresses this by generating high‑frequency local oscillators locally in each tile or sub‑array. Instead of distributing a Ka‑band local oscillator (LO) across the entire panel, a lower‑frequency reference is distributed and multiplied on‑tile with integrated PLLs. This keeps LO traces shorter and less exposed to parasitics and temperature gradients.

Because the phase‑noise contributions of multiple local PLLs are largely uncorrelated, their outputs average down when combined coherently across the array. Simulations in the source work show that by distributing synthesis across multiple low‑power PLLs, it is possible to meet demanding broadcast‑grade phase‑noise limits at array level while cutting PLL power by around 80% compared with a single high‑performance COTS device. If you are architecting the silicon, this favours integrated PLLs per tile or per sub‑array, robust reference distribution and facilities to monitor and trim local oscillators in the field.

Role of the digital beamformer

On the receive path, each sub‑array output appears as a virtual element to the digital beamformer. The number of digital channels is much smaller than the number of physical elements, but still sufficient to retain useful spatial information. With K digital channels, the system can typically separate the desired signal from up to about K–1 significant interferers in realistic user terminal scenarios.

On this reduced‑dimension data, the digital processing chain can perform:

• Initial direction finding and beam acquisition.
• Fine beam tracking under platform and satellite motion, often combining direction‑of‑arrival estimates with simple error‑sensing schemes.
• Detection and localisation of interference sources, followed by adaptive beamforming to place nulls where they provide the most benefit.

In many designs, classical direction‑of‑arrival algorithms are simplified and constrained using prior knowledge of satellite geometry to keep processing and memory demands under control. Increasingly, deterministic algorithms are combined with lightweight ML‑based estimators to stabilise performance at low SNR or under imperfect calibration, without adding RF complexity. For your SoC or ASIC, that points towards programmable beamforming engines, flexible coefficient storage and interfaces that allow higher‑level software to steer algorithms and update weights independently of the RF front‑end.

Calibration as a built-in system function

In highly integrated phased arrays, gain, phase and timing errors vary with temperature, operating state and ageing, so calibration cannot be treated as a one‑time production step. It has to be implemented as a repeatable system function that runs throughout the terminal’s lifetime.

Hybrid architectures make this more tractable. Keeping RF paths local within tiles reduces variation and drift compared with long, distributed analogue networks, improving inherent stability. At the same time, digital channels at sub‑array level provide enough observability to estimate and correct relative errors without digitising every element.

In practice, calibration flows combine on‑chip test modes with over‑the‑air procedures that use known signals from the network to keep the array aligned over time. Supervisory algorithms, including ML‑based approaches, can learn slow drift behaviour and update correction tables in the background, reducing recalibration frequency and helping maintain performance over temperature and ageing. Beamforming ASICs therefore benefit from embedded calibration engines, access to key internal nodes and stable reference‑distribution schemes.

Implications for LEO and 5G NTN terminals

LEO constellations and 5G NTN specifications share several traits: rapid motion, wideband OFDM waveforms, frequent beam updates and crowded spectrum. These conditions make it difficult for a purely analogue array to maintain performance and push fully digital arrays beyond realistic power and cost limits for user equipment.

Hybrid phased‑array beamforming ASICs offer an architecture that aligns well with this environment. Local analogue beamforming keeps the RF front‑end compact and efficient, while digital control across sub‑arrays provides sufficient beam agility and spatial awareness for link acquisition, tracking and interference mitigation. Local frequency generation helps maintain array coherence without extreme PLL power budgets, and tile‑level calibration keeps performance stable over time and temperature.

For teams designing next‑generation satellite user terminals, this hybrid ASIC approach provides a practical way to meet LEO and 5G NTN requirements without resorting to either oversimplified analogue technology or impractical, fully digital architectures. EnSilica’s application‑specific products for satcom user terminals apply these hybrid phased‑array concepts in silicon, covering both Ka‑ and Ku‑band beamforming devices. Where standard beamforming ICs are not an exact fit, EnSilica’s turnkey ASIC services enable OEMs to implement hybrid beamforming architectures as fully custom devices, while managing design, verification and supply chain as a single programme.

A growing opportunity for EnSilica and its novel 3-in-1 post-quantum cryptography silicon…

EnSilica, a leading maker of mixed-signal ASICs (Application Specific Integrated Circuits), has developed a combined hardware IP block supporting the full CRYSTALS post-quantum cryptography (PQC) suite, saving silicon area, power and cost. The licensable eSi-CRYSTALS PQC accelerator runs Dilithium (FIPS-204), Kyber (FIPS-203) and SHA-3 (FIPS-202) algorithms, which previously required three separate IP blocks.

In August 2024, the US National Institute of Standards and Technology (NIST) released the first three finalised PQC standards, with additional algorithms announced or in draft stages. Dilithium, Kyber, and SHA-3 are advanced cryptographic algorithms designed to secure digital systems against both classical and quantum computing threats. Dilithium is used for digital signatures, providing authentication and data integrity, while Kyber is a key encapsulation mechanism that enables secure key exchange. Integrated into the block is also a hardware-optimised implementation of the cryptographic SHA-3 hash function that creates a digital fingerprint of data allowing for robust integrity verification. Together, these algorithms form the foundation for quantum-resistant security in modern systems, ensuring long-term protection of sensitive information.

Ian Lankshear, CEO of EnSilica, commented:

“The emerging PQC threat is not just theoretical. Security analysts warn that adversaries can already capture encrypted data today, with the intention of decrypting it in the future when quantum capabilities become available, a tactic known as ‘harvest now, decrypt later’. The implications are profound for those relying on today’s cryptographic schemes, which is why EnSilica’s PQC offering delivers future-proof hardware protection at the silicon level with minimal silicon area for mature and advanced technology nodes.”

EnSilica previously announced separate Dilithium, Kyber and SHA-3 algorithms licensed for use by a major semiconductor company for a 5 nm networking ASIC. The new IP offers a more compact implementation than separate cores. EnSilica also has a full suite of classical cryptographic accelerators including ECC, ECDSA, RSA, AES, ChaCha20, and Poly1305. In addition, the company offers a NIST-compliant true random number generator (TRNG).

Under Joint Proposal Development Agreement, Invinity and FNUBP will advance energy storage projects across Canada with focus on Indigenous leadership, participation and long-term economic benefit.

Monday 22 June 2026

Invinity Energy Systems is pleased to announce a strategic collaboration with the First Nations Utility Batteries Partnership (FNUBP), an Indigenous-led and Indigenous-owned development corporation focused on delivering long-duration energy storage projects across Canada.

Under a newly executed Joint Proposal Development Agreement (JPDA), Invinity and FNUBP will work together to identify, develop, and advance battery energy storage system (BESS) projects to support grid reliability, renewable energy integration, and long-term decarbonization objectives, including recent participation in PEI Energy Corporation’s RFEOI for BESS, New Brunswick Power’s REOI for BESS, and BC Hydro’s capacity procurement initiatives expected to follow its Capacity Request for Expressions of Interest (RFEOI).

Supporting Indigenous-Led Energy Infrastructure

FNUBP was established to initiate, develop, construct, and ultimately own battery energy storage facilities, with a strong emphasis on Indigenous leadership, participation, and long-term economic benefit. Through this collaboration, FNUBP will act as lead developer, managing commercial, regulatory, siting, and financing activities for proposed projects.

Invinity has been selected by FNUBP as its long-duration energy storage technology provider, reflecting the suitability of their our vanadium flow battery systems for utility-scale applications that require durability, safety, and long operational lifetimes. These, and other qualities specific to Invinity’s BESS equipment, align well with the values of Indigenous Communities.

“This collaboration reflects our shared commitment to building resilient, future-proof energy infrastructure in partnership with Indigenous-led organizations. Engaging FNUBP’s development expertise to deploy Invinity’s made-in-BC long-duration batteries will accelerate the delivery of robust, reliable low-carbon infrastructure. With Canada embarking on a new national electricity strategy, this partnership is timely in proving how bold capacity goals can be met effectively and efficiently by building partnerships among governments, industry and First Nations.”

– Matt Harper, President, Invinity Energy Systems

Enabling Long-Duration Energy Storage at Scale

As part of the agreement, Invinity will supply long-duration energy storage solutions based on its Endurium™ vanadium flow battery platform for projects developed by FNUBP. The parties will collaborate closely on technical design, system optimization, and proposal development to ensure projects are well-positioned to meet customer requirements, including those of utilities and renewable energy generators.

The collaboration is expected to support a portfolio of long-duration energy storage projects across multiple sites, with a particular focus on British Columbia and potential participation in utility-led procurement processes, including capacity-focused solicitations.

Vanadium flow batteries are well-suited to long-duration applications due to their ability to deliver energy over extended periods, their high cycle life, and their inherent safety profile—attributes that are increasingly important as BC Hydro and other utilities seek firm, dispatchable capacity to complement intermittent renewable generation.

“BC Hydro’s Capacity RFEOI highlights the growing importance of long-duration storage as part of the province’s future electricity system,” said Mike Wise, Partner at FNUBP. “Working with Invinity allows FNUBP to pair Indigenous-led project development with world-class, proven long-duration storage technology, positioning our projects to support system reliability while creating meaningful, long-term value for First Nations and their communities.”

– Mike Wise, Partner, FNUBP

A Platform for Future Growth

Beyond British Columbia, Invinity and FNUBP have also agreed to explore opportunities to collaborate on long-duration energy storage initiatives in other provinces and through future procurement programs across Canada.

By working together from early-stage project development through proposal submission and technical definition, the collaboration is designed to create clarity, alignment, and efficiency as projects move toward construction and operation.

“This agreement establishes a strong foundation for long-term collaboration,” added Harper. “It demonstrates how technology providers and Indigenous-led developers, working together, can enhance our utility capacity while accelerating both energy sovereignty and clean energy deployment at scale.”

About Invinity Energy Systems

Invinity Energy Systems plc is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in Canada and the UK, the Company’s proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world.

Invinity’s safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don’t wear out, cannot catch fire and are designed to be operated for 30 years or more. Our products address the challenges of our global energy system, unlocking the power of renewable generation by delivering energy storage without limits.

About First Nations Utility Batteries (GP) Inc.

First Nations Utility Batteries (GP) Inc. is an Indigenous-led development corporation focused on advancing turnkey development and Indigenous ownership of BESS in British Columbia and across Canada. FNUBP’s mission is to enable resilient, low-carbon energy infrastructure while supporting Indigenous leadership, participation, and long-term economic outcomes.

Contact: Mike Wise, Partner, FNUBP (mike.wise@fnubp.ca)

Read the full press release here…

https://invinity.com/invinity-first-nations-utility-batteries-partner/

P.S. Thanks for the heads up on the press release u/Adgorn_!

23rd June 2026

Year End Trading Update

 A record trading year, major contract wins and fast growing sales pipeline

FY27 revenues of £32-34m already 80% covered underpinning further growth 

EnSilica plc (AIM: ENSI), a leading fabless microchip maker with a growing portfolio of reusable IP, serving the Space and Communications, Industrial, and Automotive markets, is pleased to announce the following update on the Group's trading performance for the financial year ended 31 May 2026 ("FY26"). The financial information contained in this announcement is unaudited and remains subject to completion of the Group's year-end audit. 

The Company expects to announce record results showing substantial trading growth over the prior year on all key metrics, a significantly enhanced balance sheet following an oversubscribed £10m equity fundraise in March 2026, and an expanded new business sales opportunities pipeline, up by $200m to $600m (even after $125m of contract wins transferred from the pipeline into supply revenues).  Overall, the results reflect the progress of the Group's continued transition from being a design-led business to becoming a semiconductor design-and-supply company. 

Year ended 31 May	FY26 Unaudited	FY25 Audited	Change
Revenue	£27.5m	£18.2m	51%      ↑
EBITDA	£4.7m	£2.0m	£4.7m     ↑
Lifetime Supply Revenues	$375m	$250m	50%     ↑
Sales Opportunities Pipeline	$600m	$400m	50%     ↑

Commenting on the FY26 trading performance, CEO Ian Lankshear, said:

"FY26 has been a very successful year for the Group as it continues in its transition to being a fabless semiconductor company. As these results show, we believe the business has moved to the next stage in becoming a leading, scalable platform in chip design and manufacturing within our specialist high-growth markets, especially the rapidly expanding Space and Communications sector. We have proven our capabilities in the marketplace and the £10m equity fundraise in March 2026 to strengthen our balance sheet has enabled the Company to make material strategic progress, including securing two satellite contracts with the potential to unlock matched funding and a strategically important $75m auto contract.

With the excellent contract conversion we enjoyed during FY26, the success of our model is increasingly evident, now with 3 chips poised to boost revenues by moving into supply production over the next 18 months. Moreover, the 50% increase in our lifetime supply revenues and new business pipeline to $375m and $600m respectively is an indication of the future trajectory of the business and EnSilica's ability to achieve its ambition of becoming a global leader in chip design and manufacture. The Company has never had a stronger pipeline of opportunity and management are now focused on evolving our repeatable IP into long-term revenue-generating chips which current and future customers will rely on for years to come." 

FY26 Trading

The Company expects to deliver revenues of £27.5m for FY26, which are within 2% of the £28-30m guidance. Pleasingly, the anticipated EBITDA of £4.7m exceeds guidance of £3.5-4.5m, enhanced by Space related grant income. On 11 June 2026, shortly after the year end, the Company announced the completion of the tape-out stage for the Edge AI contract, which had originally been forecast to occur during FY26 and instead it bridged into the new financial year.  Had the tape-out for the Edge AI contract occurred within FY26, revenues would have been ahead of market expectations. 

Looking forward, the Group expects FY27 revenues to be in the range of £32-34m and EBITDA of £5.5-6.5m, reflecting the Group's strengthened visibility against prior years, as approximately 80% of anticipated FY27 revenues were already covered at the start of the financial year by existing contracts, supply agreements and customer orders.  For comparison, the Company announced approximately 80% coverage of its FY26 revenues as part of its full year results in November 2025.

In addition, the Company has also completed the tape-out stage of a second ASIC for Siemens for use in industrial automation, which is on schedule to be in production in FY27.

Current lifetime supply revenues increased by 50% to $375m compared to $250m at the outset of the financial year, with the uplift coming primarily from two major contract wins: a user terminal chipset programme with a leading European satellite operator, expected to generate lifetime semiconductor supply opportunities exceeding $50m, and a major automotive semiconductor supply contract, expected to generate approximately $75m over its lifetime. 

The expansion of the new business sales pipeline, increasing from $400m to $600m (even after $125m of contract wins transferred from the pipeline into supply revenues), comprises potential customers from across our core target sectors. These include high-value satellite payload projects for major operators and manufacturers, which are already at either the funded-study or first-phase design stage, as well as several key opportunities for EnSilica's proprietary user satellite terminal ASSPs.  

Cash at year end was £7.5m. This strengthened financial position has enabled the Company to accelerate and broaden its commercial activities, and together with growth in both supply and NRE revenues and the growing sales pipeline, the Board will continue to invest in strengthening the pipeline and accelerating the conversion of opportunities to enhance returns over the longer term, whilst also targeting positive monthly operational cash generation after investment in intangible assets, and therefore now expected by the end of FY27.  

The success of EnSilica's business model is increasingly evident with the Company's portfolio of chips visibly maturing, moving from design stage into generating long-term supply revenues. The Group currently has five ASICs in the volume supply phase, with several additional programmes expected to enter volume supply during FY27 and FY28. Alongside this progress, it is notable that EnSilica has yet to fully realise the financial benefits of its position in the high-value space sector. Currently, only one chip is generating supply revenues, while a further five of the Company's 14 chips in design are targeted at Space applications. As these programmes move into production, they are expected to become significant contributors to future revenue growth.

Outlook

Demand for EnSilica's specialist expertise remains strong across its Space & Communications, Industrial and Automotive markets. With strong revenue visibility, an expanding production portfolio, growing semiconductor supply revenues and record levels of long-term supply opportunities, the Board remains confident in the Group's growth trajectory and future profitability.

Notice of Results

The Company expects to announce its audited results for the year ended 31 May 2026 in October 2026.