Operational update - Participation on Multi-Project-Wafer postponed
With reference to the stock exchange announcement on 8th of June 2022. On 14th
June 2022 at 18:00, Lokotech AS had an update meeting with its ASIC designers.
The previously communicated delay from our designers' subcontractor is worse
than what was previously communicated to us, and we were today informed that the
participation on the MPW should be postponed to November.
"We have chosen to postpone participation in MPW until the next run, starting in
November, in order not to incur a cancellation fee, in light of the new
information. Since the foundry is fully booked until 2023, the delay should not
adversely affect the timeline for mass production, and the ASIC's expected
efficiency is still unsurpassed.» comments CTO Christian Rustad.
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
21.07, 14th of June 2022.