Ann: Signs commercial Marketing Agreement with Global IP Supplier-BRN.AX, page-238

Three Revenue sources:

1. Licensing Revenue – SNAP licensed to OEM customers and semiconductor companies.
2. NRE Revenue – The semiconductor company designs and manufactures a specific chip utilizing SNAP technology with other technologies. The chip is incorporated into a digital electronic product and sold to the OEM consumer to go into the end user products. BrainChip will generate service income in customizing SNAP technology to the client application.
3. Royalty Revenue – BrainChip receives a royalty for every chip with SNAP technology sold, typically based on a percentage of chip price.