- Signing of a contract for the development and supply of Kalray
DPU-based accelerator cards with a major NASDAQ listed
- The contract includes the technical and financial terms and
conditions for a project established in 3 stages and representing a
commercial potential of over one hundred million euros in
- Confirmation of performance in 2023 before a pre-series
- This contract validates the relevance of Kalray's technology,
its ability to sign large contracts and the change in dimension
initiated by the company.
Kalray (Euronext Growth Paris: ALKAL), a leading provider
of hardware and software technologies and solutions for
high-performance, data centric computing markets, from cloud to
edge, announces that it has signed a major contract with a world
leader in the field of high technology, listed on the NASDAQ, in
accordance with the negotiations announced recently1.
Éric Baissus, Kalray CEO, says : “The signing of this
contract is a major milestone for Kalray. It is the result of
nearly 18 months of in-depth evaluation by our customer of our
technology, which has demonstrated its relevance compared to the
most advanced alternatives in the industry, the quality of our
teams, whom I would like to thank for the remarkable work that was
done throughout these discussions, and of our ability, as a
strategic partner company to offer the guarantees required to sign
a contract of this magnitude with a major international player.
This contract is further proof of the change of dimension initiated
by our company and a further step towards becoming one of the world
leaders in our market.”
A MAJOR CONTRACT, WHICH CONFIRMS KALRAY'S ABILITY TO CONVINCE
This major contract was signed with an American company listed
on the NASDAQ, a major player in the industry that generated
several tens of billions of dollars in revenue in 2021 and had a
market capitalization of over one hundred billion dollars.
The contract covers the development and supply of acceleration
cards based on Kalray's DPU processors, on which the customer
intends to build the next generation of its products and services.
This agreement includes technical, commercial and financial terms
and represents a commercial potential of several tens of millions
of Euros per year. The signing of this contract demonstrates
Kalray's ability to win over the most demanding players in the
market and to sign contracts with very high revenue-generating
AND CONFIRMS THE RELEVANCE OF KALRAY'S TECHNOLOGY AND
The key criterion in the customer's choice was the ability of
Kalray's technology and its offering of acceleration cards to
process the customer's data with the best performance/price and
performance/consumption ratio. The advanced tests showed that
Kalray's solution was a factor of 3 to 5 times better than the
competition, representing a potential savings for the customer of
several hundred million dollars over the life of the project. In
addition to this cost/performance advantage, Kalray's solutions can
be easily programmed and can handle a wide variety of data
processing in parallel, which traditional alternatives such as GPUs
or FPGAs do not allow.
Kalray's ability to support such a large contract comes from its
"fabless" business model. Like other high-growth companies like
NVIDIA, Kalray does not have a factory. Instead, Kalray relies on
industry partners such as TSMC, the world's largest semiconductor
manufacturer, and Wistron, one of the world's largest card and
server manufacturers, to manufacture its hardware solutions without
having to invest in a production facility.
A CONTRACT IN 3 CLEARLY DEFINED STAGES
The first phase began with the signing of the contract and
covers the manufacturing of an ultra-high performance accelerator
card including 4 Kalray MPPA® DPU processors and the support of the
customer's development teams for the development of their next
generation product. The 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.
The second step will be for the customer, once performance is
confirmed, to launch pre-series production of its new generation of
product, resulting in initial multi-million Euro card orders.
The 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.
This signature is in line with Kalray's strategy to work with
major players looking for a unique technology for very large
projects. The company is currently in discussions with several
players with the same profile and believes that this first major
contract should be a catalyst for signing new contracts with this
type of first tier customer and with all its prospects in
ABOUT KALRAY Kalray is a leading provider of hardware and
software technologies and solutions for high-performance, data
centric computing markets, from cloud to edge.
Kalray provides a full range of products to enable smarter, more
efficient, and energy-wise data-intensive applications and
infrastructures. Its offers include its unique patented DPU (Data
Processing Unit) processors and acceleration cards as well as its
leading-edge software-defined storage and data management offers.
Separated or in combination, Kalray’s high-performance solutions
allow its customers to improve the efficiency of data centers or
design the best solutions in fast-growing sectors such as AI, Media
& Entertainment, Life Sciences, Scientific Research, Edge
Computing, Automotive and others.
Founded in 2008 as a spin-off of the well-known French CEA
research lab, with corporate and financial investors such as
Alliance Venture (Renault-Nissan-Mitsubishi), NXP Semiconductors or
Bpifrance, Kalray is dedicated through technology, expertise, and
passion to offer more: more for a smart world, more for the planet,
more for customers and developers. www.kalrayinc.com
________________________ 1 See press release dated from
September 21, 2022.
version on businesswire.com: https://www.businesswire.com/news/home/20221114005083/en/
INVESTORS Eric BAISSUS
firstname.lastname@example.org +33 4 76 18 90 71
ACTUS Finance & Communication Anne-Pauline PETUREAUX
email@example.com +33 1 53 67 36 72
PRESS Sylvie DAM firstname.lastname@example.org +33 4
76 18 90 71
ACTUS Finance & Communication Serena BONI
email@example.com +33 4 72 18 04 92
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