COPENHAGEN, Denmark - February 28, 2023 - NapatechTM (OSLO: NAPA.OL), a leading
provider of programmable Smart Network Interface Cards (SmartNICs) and
Infrastructure Processing Units (IPU) used in cloud, enterprise and telecom
datacenter networks, has entered into a multi-faceted collaboration agreement
with Intel to develop new hardware and software solutions.

Today's news acknowledges both parties in the contract executed on December 21,
2022, that met the threshold of material insider information and subsequent
disclosure per the Oslo Stock Exchange regulations. The disclosure can be found
at https://newsweb.oslobors.no/message/578940.

The contract, and its associated terms, represents a significant milepost by
Napatech in executing its strategic plan. It provides both validation of the
product and technology vision that the company has set, and a significant
co-investment agreement that allows both parties to continue to accelerate the
ability to achieve their respective goals.

Two complete, customer-ready IPU solutions will be available exclusively from
Napatech, uniquely featuring turn-key software packages that are
production-grade, fully warranted and supported.  These IPU solutions, based on
the Intel FPGA IPU F2000X-PL Platform, will be part of a larger, feature rich
roadmap supported by Intel Agilex FPGAs and Intel Xeon D Processors.

The new solutions will include Napatech's full suite of software packages as
well as the two new offerings jointly developed with Intel that target
well-established, differentiated use cases within the high-growth programmable
SmartNIC and Infrastructure Processing Unit markets.

This transformational business agreement defines a strategic partnership that
includes commercial and operational terms that provide additional value to
Napatech. It spans joint engineering and development, technology and roadmap
planning, innovative customer pricing models, sales and marketing collaboration,
and targeted business development for the initial and future use cases,
customers and regions. 

"Napatech's programmable NICs stand out because of their exceptional software
suite, which is specifically tailored to the hardware and workload. This
collaboration between Intel and Napatech would further enhance the synergy
between hardware features and software capabilities, resulting in products that
are optimized to address a wider range of user requirements" said Manoj
Sukumaran, Principal Analyst for Datacenter Compute and Networking at Omdia. "I
expect customers would be able to derive significant benefits from the advanced
and optimized solutions resulting from this partnership".

"Through generations of innovation Intel has earned the trust and confidence of
cloud, enterprise and telecom network and data center operators," said Jarrod
Siket, chief marketing officer at Napatech. "Napatech will benefit greatly from
its product and technology leadership, as well as sales, marketing and business
development strengths, unlocking Napatech's strategic value for customers and
shareholders."

"Our collaboration with Napatech is an indication of our deep commitment to
expanding our leadership in infrastructure processing in data center networks,"
said Jim Dworkin, Vice President and General Manager of the Cloud & Enterprise
Acceleration Division at Intel. "We are pleased to collaborate with Napatech to
combine the capabilities of Intel's Agilex FPGA, the industry leader in
performance and power efficiency, with Napatech's production-grade hardware and
software solutions. This will provide customers access to the products,
solutions and services they require to make their cloud and enterprise data
centers more efficient and cost effective."
Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation
or its subsidiaries.

About Napatech
Napatech is the leading supplier of SmartNIC solutions used in cloud,
enterprise, and telecom datacenters. Through commercial-grade software suites
integrated with high-performance hardware, Napatech accelerates network
infrastructure and security workloads to deliver best-in-class system-level
performance while maximizing the availability of server compute resources for
applications and services. Additional information is available at:
www.napatech.com.

No Forward-Looking Statements
This press release may contain forward-looking statements which are only
predictions and may differ materially from actual future events or results due
to a variety of factors, including but not limited to, business conditions,
trends in the industry and markets, global economic and geopolitical conditions,
macro-economic factors, and other risks and uncertainties set forth in
Napatech's reports. The matter discussed in this release is based on current
expectations and may be subject to change. Napatech will not necessarily update
this information. 

Media Relations					Investor Relations
Jarrod J.S. Siket				Heine Thorsgaard
Chief Marketing Officer				Chief Financial Officer
+1.724.799.4763					+45.2241.8090
jjs@napatech.com				htg@napatech.com

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