LONDON Aspex Semiconductor Ltd. (High Wycombe) has converted itself into a vendor of accelerator boards and an intellectual property licensor and is looking to hire senior software engineers to capitalize on a recent influx of orders.
As well as securing orders for its Accelera cards and silicon IP across multiple vision applications the company has entered into a development contract to build a 65-nm custom ASIC device, Aspex said.
The company did not list the orders, or assign a value to them. However, the company said that revenues from the contracts will enable Aspex to cover all of its operating costs for the foreseeable future.
"We are cautiously optimistic about the markets for our products and services, and are naturally pleased to achieve profitability on a run-rate basis. We are grateful to our investors, led by Spark Ventures, who have been extremely patient, and at this time we do not foresee the need for new funds from investors," said Aspex CEO, Paul Greenfield, in a statement.
"Our team of software and silicon designers has worked incredibly hard throughout to develop a world-class solution for high definition video compression, and clearly this sector has significant growth potential."
Aspex has been shipping video chips and boards into the broadcast, medical, printing and wafer inspection segments, and has recently delivered 125 Accelera cards to a customer in Asia with a contract generating revenues in excess of $1.25 million. The flagship product in the Aspex IP library is a software-programmable IP core known as Q for high-definition video compression supporting the H.264 and MPEG2 and MPEG4 standards. Aspex employs around 20 staff at its design centre in High Wycombe.
Aspex supports high-definition video processing
Aspex Linedancer used for video processing