Kalray ends merger negotiations with Pliops

Grenoble, August 1, 2024 – Kalray (Euronext Growth Paris: ALKAL), specialist in intensive data management and processing technologies, announces the interruption of negotiations with the Israeli company Pliops. The unfavorable development of the financial markets prevented the conclusion of a capital merger beneficial to shareholders.

Nevertheless, Kalray and Pliops believe in the complementarity of their technologies for advanced solutions in generative AI and data acceleration. They are considering a commercial collaboration to integrate KV technologies from Pliops and MPPATM from Kalray.

In the short term, Kalray is focusing on its roadmap and anticipates strong growth in turnover in the second half of 2024. In the medium term, the validation of the TC4 acceleration card in a product from a major American player promises volumes reaching €100 million over five years.