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15:41
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Originally posted by MrSiliconValley
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Positive news all round. Burning through $1M is expected for the development phase, it would be concerning otherwise. I don't know about a CR, however it was mentioned that M3 & M4 (revenue) will be hit near each other."Two leading experts in low power design have been recruited to the Team" "Two talented chip design engineers have been added to the team in Aliso Viejo, California." - does anyone know who? Are they referring to already identified staff?"Milestone 3 is on track for release in Q1, 2016" "This significant milestone enables BrainChip to progress licensing discussions with various Fortune 500 companies who expressed a commercial need to use the technology within a server environment. " - very positive news on still being on track. This milestone being accomplished will allow BRN to go to higher high's because it can progress and announce who they are working with."During the quarter BrainChip developed new business relationships that will lead to various alliances and access to potential new licensee opportunities." "Founder and interim CEO, Peter van der Made said “We are very pleased with the interest in our technology. 2016 is a very important year for BrainChip during which we expect to license our technology to a number of companies." "Ongoing marketing efforts were conducted during the quarter in the US and South East Asia including Singapore, Hong Kong and Australia." - very positive news."we anticipate filing a significant number of patent applications during 2016." - strengthening IP, positive news.
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Yes, I thought it was an excellent upbeat update signifying all is progressing well. I was especially pleased they said M3 is on track for release in Q1. I wouldn't be counting on it being released towards the end of March as BRN has previously said that progress of M3 is ahead of schedule. Trading this stock for a few pips therefore is a dangerous ploy in my opinion if you intend to be holder when M3 arrives.
(20min delay)