Lokotech AS, a wholly owned subsidiary of Lokotech Group AS, convened with the
company's ASIC designers yesterday to assess the final MPW test results.
 
With reference to operational update 10th of August 2023 and annual report
submitted to market the 29th of March 2024, Lokotech is now pleased to announce
that all objectives, including objectives related to AI acceleration, are
validated. All test objectives for chiplet #2 and chiplet #1 via the
Multi-Project-Wafer is complete. Both digital and analog validations of the
custom internal circuitry are now completed. As our ASIC designers expressed,
"We are good to go."
 
This achievement marks a significant milestone in the project's advancement,
reaffirming Lokotech's novel power-efficient design tailored for both blockchain
mining on the Scrypt algorithm and Edge AI applications.
 
This information is mandatory in accordance with Section 5-12 of the Norwegian
Securities Trading Act. This information constitutes inside information and is
subject to the duty to provide information in accordance with the Market Abuse
Regulation (MAR). The message is published on behalf of Lokotech Group AS by
Benjamin Miklozek, CFO, at 7.00, on the 16th of May 2024.