The Harmonychain group signs a framework agreement with an estimated gross contract value of NOK 900 million with Keytouch Technology AS
Harmonychain’s wholly owned subsidiary Lokotech has signed a framework agreement with Keytouch Technology AS for the production and delivery of Lokotech’s Bulldozer ASIC supercomputer series. Production will mainly take place in environmentally friendly and modern facilities at Keytouch in Notodden, where parts of the electric energy is produced by solar panels. The agreement has an estimated gross contract value of NOK 900 million. The agreement can be extended with any new products within the same product family. The duration of the framework agreement is 5 years.
Keytouch is a privately owned Norwegian company that already delivers high-tech products to customers such as ABB, Siemens, the Kongsberg group, and Green Ammo.
In addition to the solar-powered factory in Notodden, as well as a sales and engineering office in Horten, Keytouch has several production partners, mainly in Norway, but also internationally.
-We are very pleased to secure a framework agreement on production and logistics with Keytouch. Keytouch maintains a high level of service, has built up a strong competence through deliveries to other high tech customers and has a solid industry network. We are confident that they will deliver a first-class product. The fact that Keytouch also focuses on and produces with green energy from its own solar panel system fits well with our own focus on sustainable energy solutions within blockchain, says CEO of Harmonychain AS and chairman of Lokotech AS, Ola Stene-Johansen.
-The agreement has an estimated value of approximately NOK 900 million, and will create several new jobs, both for Keytouch and for several of our subcontractors. Production start is planned to start in H1 2022. Most of the production will be carried out in Notodden, but we also have a good network of subcontractors for this project, says Marketing Manager in Keytouch Arild Henriksen.
-The contract also triggers investments in “state of the art” production equipment with a high degree of robotisation and automation, as well as expansion of our plans to build a new solar-powered and energy-positive production facility in Høgås in Notodden. There will also be a need for many new hires next year, says CEO of Keytouch Technology AS, Hans Arne Flåto.
For more information, contact:
CEO Ola Stene-Johansen: +47 41 42 71 29
Chairman of the Board Bjørn Zachrisson: +47 46 29 00 00
www.harmonychain.com
This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5 -12