Ann: Annual Report to shareholders, page-3

Additional emphasis on need for more staff, marketing, and funding.


The Company will focus over the coming year on achieving the commercial aims of its business plan, and to that end there will be a continued and concentrated emphasis on marketing. This effort will be focused on existing and new contacts, potential customers with an immediate need, an understanding of how SNAP can meet those needs, and the resources to act quickly. Besides clear advantages in faster processing, lower power consumption and a smaller footprint, which make it possible to embed the technology, BrainChip SNAP has a huge advantage over ‘Deep Learning’ technology in its ability to learn rapidly, within a few seconds and its ability to extract unknown patterns from data. The Company aims to exploit these advantages to their fullest extent. At the same time, the Company will act to ensure that is has sufficient funds to achieve the targeted yet sizeable growth plans, which will include additions to management of a US-based CEO, a full time marketing team and additions to the engineering team involved in the delivery of resources. The Company will continue to pursue commercial and technical partnerships with established corporations involved in the Artificial Intelligence marketplace to strengthen its commercial position.