HARMONYCHAIN 26 Jun 2024 07:00 CEST
Lokotech Group AS
In reference to our annual report submitted to the market on March 29, 2024,
Lokotech will tape-out a commercial-scale AI and Scrypt ASIC. The tape-out date
is set for October of this year.
As previously mentioned, the validation process for Chiplet 2 analog
transceivers proved more time-consuming than anticipated, primarily due to
challenging wire bonding issues on the small MPW chiplet prototypes.
Additionally, we have decided to slightly increase the technical scope of the
chip to bolster its security against unauthorized access and enhance overall
design robustness. Significant enhancements have also been made to the AI block
to align with industry standards and improve user-friendliness. These
improvements, implemented parallel to the validation of Chiplet 2, extended the
project timeline somewhat.
Upcoming Milestones:
Tape-out will now take place in October 2024, marking the final design phase
before mass production.
Final high-accuracy power simulations for our design are slated for August 2024
and will be communicated to the market upon completion.
Negotiations with the Value Chain Aggregator (VCR) have commenced to discuss
pricing and scheduling terms with the foundry, ensuring a seamless transition
into the manufacturing phase. Further updates will be provided as we reach these
milestones.
Customer Information:
Despite the revised timeline, customers that ordered directly from us have the
option to cancel their orders with a full refund plus accrued interest. Orders
not canceled will maintain their place in the production queue. Sales for Batch
1 will close the same week the power simulations are published. Other batches
will open at later dates.
This announcement complies with Section 5-12 of the Norwegian Securities Trading
Act, constituting inside information under the Market Abuse Regulation (MAR).
Published on behalf of Lokotech Group AS by Benjamin Miklozek, CFO, at 7:00, on
June 26, 2024.
More information:
Access the news on Oslo Bors NewsWeb site
Lokotech Group AS
Oslo Børs Newspoint
LOKOTECH GROUP AS
NO0010921299
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Lokotech Group AS published this content on 26 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2024 05:06:25 UTC.
