Press Release

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Tachyum Slovakia R&D Center expands its Workforce: Reversing Brain Drain to Brain Gain

Bratislava, Slovakia, October 22, 2019 – Tachyum, s.r.o., the company’s European headquarters in Bratislava, announced that it continues to successfully contribute to Slovakia’s reversal from “Brain Drain” to “Brain Gain” with its recent addition of highly qualified full-time engineers and scientists. Among the recently hired engineers, there are Slovaks returning home after working abroad in the US and UK, as well as top talent from Japan and Russia. The new additions are eager to bring their skillset and expertise to the fields of advanced compiler design and chip performance optimization that Tachyum offers in its Bratislava R&D center.

Tachyum’s Bratislava operation is a rapidly growing R&D center playing an essential role in designing the first universal processor that will be produced as an EU product for the European market. The company’s flagship Prodigy Universal Processor Chip is the smallest and fastest general-purpose, 64-core processor developed to date, requiring 10x less processor power, and reducing processor cost by 3x. Prodigy outperforms the fastest Intel Xeon processor on normal data center workloads while outperforming NVIDIA’s latest GPU on AI applications. Tachyum’s Bratislava operation also leads the development of native Prodigy data center and AI applications to fully exploit the processor’s high- performance /ultra-low power attributes.

“With Tachyum s.r.o. in Bratislava, we are becoming a magnet for world-class engineering talent that is expected to grow to more than double our employees next year as we continue to attract top-notch technologists from around the globe,” said native Slovak Dr. Radoslav Danilak, founder and CEO of Tachyum Inc. “Our contribution to European AI, cloud and supercomputing initiatives will be significant. Tachyum is playing its part to help Slovakia not only be the largest per capita producer of automobiles in the world, but also become a world-class IT, supercomputing and AI powerhouse.”

Dr. Danilak was named IT Person of the Year 2019 at IT GALA, the most prestigious annual event of the Slovak information technology and telecommunications communities. He was honored based on his contributions to technical development in IT; contribution to development of IT business in Slovakia; participation on advisory panels, professional associations and academic functions; and his support of education, enlightenment and public information. The award was presented by an informal association of Slovak journalists and members of professional associations in the fields of IT and telecommunications.

Dr. Danilak was recently a keynote speaker at the SlovakiaTech 2019, an international professional

conference and presentation fair for companies focused on science, research and innovation in industry

and industrial technologies, energy, logistics and the environment. His two talks included a presentation

on Tachyum as a Slovak success story, followed by a presentation titled, “Can Slovakia ever be Silicon

Valley?”

With the recent addition of Dr. Kurt Lauk, former member of the European Parliament and renowned European businessman, to Tachyum Board of Advisors, Tachyum has opened a productive dialogue with German automotive and telecommunications companies keen to exploit the unique advantages of Prodigy in their businesses. Dr. Lauk brings to Tachyum’s Board of Advisors valuable insights regarding European industries, including his deep understanding of European manufacturers and suppliers, along with expertise in international strategy and extensive experience bringing technology innovations to market.

“Tachyum is doing a tremendous job in attracting talent back to Slovakia. We believe that this project will become one of the major cornerstones for the regional innovation ecosystem,” noted Adrian Vycital, Managing Partner at IPM Group, Tachyum’s lead investor.

“I am proud to be a part of Tachyum as we are working to bring Slovakia to a leadership position in the semiconductor market with our Prodigy Universal Processor Chip”, said Juraj Pavlovic, Country Manager of Tachyum, s.r.o. “We are laying out the technological foundation for the future ecosystem for High Performance Computing (HPC), AI, and business applications in the automotive, telecommunications and other industries. We are creating new opportunities in Slovakia, and our goal is to accelerate business growth and create wealth from our breakthrough semiconductor technology. We appreciate the confidence in us demonstrated by our employees, the government of Slovakia, and our lead investor IPM Group.”

One of the new engineers who returned to Slovakia to work in the Tachyum R&D center in Bratislava said: “It is gratifying to have found an exciting engineering position in my home country, especially with a dynamic startup like Tachyum. I believe there are many more highly educated and skilled people from Slovakia working abroad who would like to take advantage of opportunities such as working for Tachyum on the latest semiconductor technology to return home.”

Prodigy offers industry- leading performance for data center, AI, and HPC workloads. Prodigy will directly enable a 32-Tensor Exaflop supercomputer and allow the building of machines more powerful than the human brain by 2021, years ahead of industry expectations. With telecoms transitioning to 5G, Prodigy will bring AI from cell tower-mounted datacenters to power intelligent IoT devices and autonomous systems. Tachyum is planning a 7nm tape-out next year, with volume production in 2021.

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About Tachyum

Named for the Greek prefix “tachy,” meaning speed, combined with the suffix “-um,” indicating an element (e.g. lithium), Tachyum is meant to evoke the notion of “an element of speed”. Tachyum emerged from stealth mode in 2017 to engineer disruptive intelligent information processing products. Tachyum’s founders have a track record of solving problems caused by device physics in semiconductors, to deliver transformational products to global markets, and are backed by IPM Growth, the Central & Eastern European venture capital platform, as Tachyum’s lead investor.