HMONY: Scrypt ASIC MPW-design complete, but participation on MPW expected in november
Reference is made to the stock exchange announcement dated 14th of July 2022.
Lokotech AS, a wholly owned subsidiary of Harmonychain AS, has today received
final information from the ASIC designers that the MPW design has not been
accepted by the MPW production partner. The errors that caused the rejection of
the design is not related to our developed intellectual property, and the
production partner has therefore waived the announced penalty fee of USD 80.000.
The MPW design is completed and participation is therefore set to medio November
This information is subject of the disclosure requirements acc. To section 5-12
of the Securities Trading Act. This information constitutes inside information
and is subject of the obligation to provide information in according to the
Market Abuse Regulation (MAR). The message is published on behalf of
Harmonychain AS by Ola Stene-Johansen, CEO, at 20.02, 20th of July 2022.