Business
Status of tape-out for Lokotech Scrypt/AI ASIC
Status of tape-out for Lokotech Scrypt/AI ASIC
About this update from Lokotech Group As
Oslo 26. September 2025With reference to the stock exchange notice dated 11th August 2025 andinformation in the semi-annual report dated 29th of August.The necessary design adjustments after the 3rd party IP library update havebeensuccessfully implemented. The engineering team have since moved on and arecurrently working through the last tests, verifications and adjustments forthetop layer of the ASIC. This work has taken somewhat longer than firstanticipated in the estimated timeline. Tape-out is therefore expected to bepushed 4 weeks or more into the future. We are also working to reduce thewindowbetween dry-run and tape-out. Next notice on this matter will be on the dateforstart of dry-run and thereafter when the ASIC is taped-out.The increased engineering efforts related to this matter has no materialimpacton the costs associated with the development for Lokotech.This information is subject to disclosure under the Norwegian SecuritiesTradingAct, §5-12.https://newsweb.oslobors.no/message/656273