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Sondrel Holdings PLC - Reading, UK-based microchip technology company - Announces it has successfully taped out an ASIC design for a leading provider of home network devices. Plans to progress with the new product introduction and prototyping services being provided ahead of the product being released to production. Estimates contract worth £1.8 million in 2023, while revenue could be worth in excess of $25 million over five years. Chief Executive Graham Curren says: ‘I am pleased to announce this new tapeout, our second since our IPO in the fourth quarter last year.’ Current stock price: 59.84 pence, up 2.3% 12-month change: up 3.2% Copyright 2023 Alliance News Ltd. All Rights Reserved
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