Another small tit bit of useful information
"Post quarter-end, BrainChip was selected to provide its AI-powered object search and facial recognition technology in a new large-scale municipal deployment of video surveillance and video analytics. The deployment encompasses over 4,000 cameras across several towns and cities in France. BrainChip’s technology will be used on selected cameras to protect specific high value areas, including hospitals, schools, and first-responder sites. The project has a potential value of more than US$1.2 million and will be deployed in 11 pilot locations during Q4 2017 and Q1 2018, with broader deployments to follow later in 2018."
Well that's a far more positive way of referring to the follow on deployments than they've said before.
Sure it doesn't imply there's a contract for the follow on, but clearly indicates if not MOU in place, an understanding in concrete nevertheless.
Definitely suggest at least $20 million will go into next years receipts from this.
Well that's $4000 x only 5000 cameras = $20 m (super conservative). Ignoring up front accelerator fees and 20%pa maintenance.
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