Operational Update

Lokotech AS, a wholly owned subsidiary of Harmonychain AS, today had a meeting with the ASIC designers. The circuit boards with mounted components and MPW-ASICs have now been returned to the laboratory, and validation has started. The circuit boards have passed visual inspection and initial tests for voltage integrity. Validation of basic functionality - that the circuit delivers according to simulation - which is the next step in the process, has begun. We will update the market as soon as this process is completed and the result is available. For more information, contact CEO Ola Stene-Johansen at osj (at ) lokotech.no