Brief: Kalray Signs Large-Scale Contract For DPU Processor

Kalray SA

14/11/2022 06:34

Nov 14 (Reuters) - Kalray SA  ALKAL.PA :
    * SIGNATURE OF A LARGE-SCALE CONTRACT WITH AN INDUSTRY
LEADER FOR
THE KALRAY DPU PROCESSOR
    * CONFIRMATION OF PERFORMANCE IN 2023 BEFORE A PRE-SERIES
COMMITMENT
    * CONTRACT INCLUDES THE TECHNICAL AND FINANCIAL TERMS AND
CONDITIONS FOR A 3-STAGE PROJECT REPRESENTING A COMMERCIAL
POTENTIAL OF MORE THAN OF MORE THAN ONE HUNDRED MILLION EUROS IN
TOTAL
    * CUSTOMER HAS ALREADY COMMITTED $1 MILLION TO KALRAY TO
COVER THE
VARIOUS PHASES OF THIS MILESTONE, WHICH IS EXPECTED TO BE
COMPLETED IN THE SECOND HALF OF 2023
    * CONTRACT VALIDATES THE RELEVANCE OF KALRAY'S TECHNOLOGY,
ITS
ABILITY TO SIGN TECHNOLOGY, ITS ABILITY TO SIGN LARGE-SCALE
CONTRACTS AND THE CHANGE IN THE COMPANY'S CHANGE OF DIMENSION.
    * THIRD STEP WILL BE VOLUME PRODUCTION, WHICH SHOULD
REPRESENT
ORDERS OF SEVERAL THOUSAND CARDS PER YEAR, I.E. REVENUES OF
SEVERAL TENS OF MILLIONS OF EUROS PER YEAR, OVER A PERIOD OF AT
LEAST 5 YEARS, WHICH SHOULD BE STARTING IN 2025

Source text for Eikon:  ID:nACT77207 
Further company coverage:  ALKAL.PA 
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