Numascale; signs letter of intent with University of Oslo

Numascale announced today that it has signed a letter of intent covering development, joint application for project funds and product deliveries with University of Oslo.

Under the agreement, University of Oslo will partner with Numascale in the process of applying for Norwegian and European governmental development funds such as OFU (Innovation Norway). In addition the agreement covers the intention by the University of Oslo to purchase a number of computer cards based on  Numascale`s NumaChip for up to NOK 11 million to be used in new data systems for scientific computing.

Dolphin Interconnect Solutions ASA currently owns 72.7% of the shares in Numascale.


For further comments, please contact:
Kåre Løchsen, CEO Numascale, +47 95 08 87 31
Alex Gundersen, CFO Dolphin, +47 41 47 41 07

www.dolphinics.com

www.numascale.com