There was no fee attached for this license, the tradeoff is a big royalty percentage.
"Under this new commercial Akida IP licence agreement, BrainChip is entitled to receive a 10% royalty on the Net Sale Price of Frontgrade’s first licensed product in exchange for providing Akida 1.0 IP that includes one hundred hours of integration support and twenty-four months of software maintenance. After twenty-four months Frontgrade has the option to purchase additional software maintenance for $125,000 per year. F rontgrade also has the option to obtain an additional Akida 1.0 IP licence for one more licensed product for a fee of €150,000 or a royalty of 15% of the Net Sale Price of the second licensed product. "
BRN Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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