A recording of the webcast and the presentation will be available later today on our website at Results, Reports & Presentations (awaveip.com)

Trademarks

All registered trademarks and other trademarks belong to their respective owners.

Contact Information:

About Alphawave IP Group plc (LSE: AWE)

Faced with the exponential growth of data, Alphawave IP's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world's technology infrastructure. Our IP and custom silicon solutions therefore meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in Toronto, Canada in 2017, by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to focus on the hardest-to-solve connectivity challenges. To find out more about Alphawave IP, visit: awaveip.com

This announcement is issued by Alphawave IP Group plc (the "Company") and contains information which is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. By the publication of this Announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for arranging for the release of this Announcement on behalf of the Company is Link Company Matters Limited, acting as Company Secretary.

View original content to download multimedia: https://www.prnewswire.com/news-releases/alphawave-ip-acquires-optical-dsp-chip-developer-banias-labs-advancing-its-optical-dsp-products-for-data-centers-301647968.html

SOURCE Alphawave IP Group Plc