Lokotech signs letter of intent with US- and Canada-based companies to commercialize its Edge AI ASIC technology through a new joint venture

Lokotech Group AS ("Lokotech" or the "Company") has entered into a non-binding
letter of intent (the "LOI") under which the parties express their intent to
join forces in a future joint venture (the "JV").

The planned implementation structure for the JV is that the Company will sell
parts of Lokotech Groups wholly owned subsidiary, Arctic AI AS ("Arctic AI"),
to one American party and one Canadian party to combine forces with Lokotech
to develop, mature and commercialize the AI functionality of Lokotech's ASIC
into a world leading AI Edge inferencing solution. The total ownership stake
in Arctic AI which will be sold to the Company's JV partners as part of the
establishment will, in aggregate, be non-controlling.   
 
Should the LOI ultimately result in such a transaction, it is expected that
the new JV will operate out of Norway with employees, contractors and
contributors spread out across the globe.
 
The initiative targets the rapidly expanding AI inference market, including
edge AI accelerators and emerging agentic AI workloads that require
persistent, low-latency, high-efficiency compute at the edge. Combined
industry estimates project the addressable market to exceed USD 250 billion by
2030, with edge and next-generation agentic AI representing some of the
fastest-growing segments.
 
The LOI is non-binding and there can be no assurance that the parties will
reach a definitive agreement or that any transaction will be completed.
Lokotech will inform the market of significant developments on this topic.
 
For more information, contact post@lokotech.no

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-06-19 10:00 CEST.