Brief: Kalray And Pliops Enter Into Exclusive Negotiations

Kalray SA

03/06/2024 17:18

June 3 (Reuters) - Kalray SA  ALKAL.PA :
    * PLIOPS ENTERS INTO EXCLUSIVE NEGOTIATIONS TO CREATE A
GLOBAL
LEADER IN DATA ACCELERATORS FOR AI AND STORAGE ACCELERATION
    * COMPANIES ARE IN ADVANCED DISCUSSIONS, WITH AN EXCLUSIVITY
PERIOD AGREED UPON UNTIL MID-JULY 2024
    * EXPECTED INTEGRATION OF PLIOPS WOULD CONSOLIDATE
ADDITIONAL
CASH, COVERING PLIOPS FINANCIAL NEEDS FOR 12 MONTHS
    * INTEGRATION OF PLIOPS WOULD START HAVING A POSITIVE IMPACT
ON
TURNOVER AND EBITDA OF NEW GROUP FROM 2025

Source text for Workspace:  ID:nACT86087 
Further company coverage:  ALKAL.PA 

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