From the Sydney Presentation Yesterday 6/6/15:
"we HAVE achieved the first two milestones"
• Milestone 1 – Simulating a race car demonstration in software for “proof of technology” by comparing BrainChip’s SNAP technology to a traditional genetic learning algorithm technology. Demonstrates that the technology works, is SCALABLE, and products can be verified using the tools that BrainChip develops.
• Milestone 2 – Implementing a race car demonstration in hardware to visually illustrate the capacity, SCALABILITY and speed of the SNAP technology to prospective licensees.
• Milestone 3 – Release a software API specification and RTL design solution for implementing customer Client/Server neural network applications using the SNAP hardware technology. Makes it possible for clients to develop their own solutions on top of the BrainChip hardware.
• Milestone 4 – Execute an IP License Agreement with an upfront payment of no less than $500,00
Word
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