COPENHAGEN, Denmark - May 8, 2026 (OSLO: NAPA.OL), - NapatechTM a leading
provider of Programmable Network Interface Cards used in data centers, today
announced that it has received the first material commercial purchase order
associated with a major AI infrastructure design win secured in 2025.

Napatech received its first production order in 2026 for its next-generation
platform from a pioneer in AI inference systems. The initial order of 1,000
units, with multi-million dollar value, marks the transition from development
into commercial production. This milestone represents the start of a multi-year
deployment with the customer and provides strong validation of Napatech's
long-term strategy, technology roadmap, and product leadership in the rapidly
expanding AI infrastructure market.
 
"Receiving our first production order is an important milestone in our journey
to enable efficient AI infrastructure at scale," said Kartik Srinivasan, Chief
Executive Officer of Napatech. "It validates our strategic direction and
reinforces that Napatech's technology is solving critical data movement and
performance efficiency challenges for customers deploying AI inference
solutions."

The customer's AI Inferencing platform leverages Napatech's high performance
programmable SmartNIC architecture to deliver efficient, high-throughput, low
latency, scale out connectivity for distributed AI workloads. As inferencing
continues to expand across clustered server environments, demand for flexible
and deterministic networking solutions that ensure valuable AI compute resources
are fully utilized is accelerating.

The contract supports Napatech's financial guidance for the full year of 2026,
which is unchanged.

About Napatech
Napatech is the leading provider of programmable SmartNIC and DPU solutions that
accelerate AI, network, storage, and security workloads for cloud, enterprise,
and telecom datacenters worldwide. Through commercial-grade software suites
integrated with high-performance hardware, Napatech accelerates workloads to
deliver best-in-class system-level performance while maximizing the availability
of server compute resources for applications, services, and revenue. 

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 is subject to change. Napatech will not necessarily update this
information. For details, visit us at www.napatech.com.

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