Page 1

∞ Alphawave IP Alphawave IP Group plc Q3 Trading Statement Strong Q3 bookings with total YTD bookings of US $ 219.3m Growth driven by North American end customers with 137 % increase in bookings in North America for first 9 months of FY2021 compared to same period in FY2020 Four new end customers won in Q3 2021 including a new hyperscaler¹ 4nm design win bringing total end customers to 21 Strong Q4 outlook based on demand in North America and South Korea LONDON , United Kingdom and TORONTO , Ontario , Canada October 20 , 2021 - Alphawave IP ( LSE : AWE , " Alphawave IP " , the " Company " ) , a global leader in high - speed connectivity for the world's technology infrastructure , is pleased to announce a strong Q3 performance . Total annual bookings to date now exceed US $ 219m , with a robust pipeline for further bookings in Q4 . Bookings in Q3 were driven by 4 new customer wins , including one of the first ever design wins in 4nm with a new hyperscaler¹ end customer . Strong Q4 Outlook The Company's Q3 bookings were US $ 23.2m , of which US $ 21.5m were license and related , and US $ 1.8m are estimates of potential future royalties . This brings FY2021 bookings to date to US $ 219.3m , of which US $ 202.3m are license and related , and US $ 17.0m are estimates of potential future royalties . Of the US $ 219.3m bookings , US $ 147.8m relate to the previously announced multi - year subscription licensing deals with VeriSilicon and the Company's China Product Partnership . VeriSilicon licensing update The Company achieved an acceleration of end customer wins in China through its reseller agreement with VeriSilicon . In Q3 two end customers in China licensed Alphawave IP technology through this agreement , with a total transaction value of US $ 3.9m , excluding potential future royalties . The revenues from these China customer wins are not included within the total bookings figure of US $ 219.3m as they are part of the Company's previously announced US $ 54m VeriSilicon subscription multi - year reseller transaction . 1 ¹ Hyperscalers are technology companies that provide cloud , networking and internet services at scale . Examples of hyperscalers include Google , Facebook , Alibaba , Microsoft , and Amazon