Status of Tape-Out for Lokotechs ASIC: Dry-Runs Have Started

15 Dec 2025 08:00 CET

Oslo, 15th of December 2025
With reference to the stock exchange notice dated 26th of September 2025:

The "dry-run" phase for the commercial-scale ASIC project has now officially
commenced. Following the successful completion of internal prerequisite
checks, including pipe-cleaning, the ASIC design has been delivered to our
production partners.

The production partners will now conduct their own verification procedures, as
part of this final phase prior to tape-out. This phase is iterative in nature,
and we are conducting full-chip Layout-Versus-Schematics ("LVS") in parallel
with the dry runs being carried out.

The next update on this matter will be provided once conclusions have been
received from the foundry and the mask set has entered production, i.e., upon
the ASIC being taped out.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2025-12-15 08:00 CET.

More information:
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661955_Status of Tape-Out for Lokotechs ASIC- Dry-Runs Have Started.pdf