its an unknown quantity and no one has crystal ball methodology working accurately - lol
however EVERYTHING is pointing toward back end of 2018 which we are now arguably in now so we do have some major price catalysts coming up with their Business development pipeline deals and when these come good we wont be sitting at 13c more likely to be 30c in short term ( 3-4 months from now ) IMHO - Throw in a large car manufacturer . in Germany and who knows $1.00 share >>?????????
and not to mention we have over 13 million in the bank to see us through - its now a case of waiting for the deals to come to fruition and expand other possibilities - 10 years from now could be massive as our tech is superior to the point where we must appreciate the magnitude that a large unknown german car manufacturer is talking to us - im picking its AUDI but only a guess as they previously mentioned VW and VW own Audi - as always time will tell
SO HERES SOME OF THE DEALS IN PIPELINE to create price catalyst - from surveillance to Gaming etc.....
1) Gaming Products Int’l (OEM Engagement)
The GPI Automated Table System (ATS) will initially be deployed for currency security in Asia, primarily Macau and Singapore.
• The development is based on existing BrainChip intellectual property and new jointly developed intellectual property.
• The system will be showcased at the G2E Conference in Macau during the week of 15 May 2018.
• Commercial deployment is expected later in 2018. The utilization of BrainChip’s Spiking Neural Network (SNN) provides virtually instant currency security and correlation with Radio Frequency Identification (RFID) counts.
BrainChip MAY 2018 | 6 Gaming Products Int’l (OEM Engagement)
• Under the Development Agreement, upon completion of the Development Phases the Commercial Agreement becomes a 5-year Revenue Sharing arrangement that cannot be terminated; it is Renewable and provides 25% of all GPI Revenue derived from the sale the Developed Technology to BrainChip. • This commercial deployment represents potential revenue for the Company estimated in the range of US$5M to US$15M annually beginning in late 2018 .
GPI is responsible for product pricing and end-user demand creation.
2) Quantum Corporation (OEM Engagement)
• Quantum, San Jose, California, is a leading supplier of large-scale storage including both disk and tape backup.
• Storage is a fundamental component in Civil Surveillance, Public Safety, Commercial Surveillance, the Internet-of-Things (IoT), Big Data and the Media and Entertainment markets.
• Other leading suppliers in the storage market include HP, Dell/EMC, IBM, NetApp and Hitachi. The Company’s SNN search capabilities have already garnered attention with these large Original Equipment Manufacturers (OEMs).
• The storage market opportunity represents potential revenue for the Company estimated in the range of US$20M to US$30M annually beginning in late 2018 with significant growth opportunities as the technology is expected to achieve widespread adoption.
• The potential Revenue is based on the Company’s expectations of modest penetration in a very large market. Agreements with OEM partners are not Supply Agreements. They represent either; an agreement to integrate BrainChip products with their system, or to market BrainChip products with their products to provide a complete solution.
3) BrainChip Sales Development
• Addition of Luis Coello as Director of Sales for EMEA. Luis brings decades of experience in the Surveillance market.
• The Company is now engaged with Law Enforcement, Homeland Security and Public Safety in France, Germany, the U.K., Sweden, Norway and Spain.
• Similarly, we have expanded in Australia and Asia with engagements that now include Singapore.
• With regard to the Americas, the Company is now engaged with major Law Enforcement groups throughout the United States, including New York City, New York State, Baltimore and others.
• The appointment of Bager Sales during the quarter has already initiated engagements with major OEMs in the Southern California and Arizona marketplaces. This “force-multiplier” is critical to our success in the End-User arena.
4) BrainChip AkidaTM Development
• The AkidaTM device is a complete Neuromorphic System-on-Chip (NSoC) and represents over a decade of work by Peter van der Made and our engineering teams.
• The AkidaTM NSoC development is well along the path to refining product definition and implementation.
• The software kernel has been delivered to a major European automobile manufacture whose feedback is important to our implementation.
• The Company expects to move to an FPGA hardware implementation on schedule during the third quarter of 2018, as well as having a development environment available for key customers to develop SNNs on AkidaTM.
• Porting existing Convolutional Neural Networks (CNNs) to SNNs opens a large and immediate market while other learning modes (Autonomous Supervised and Unsupervised) support future use cases
5) HERES THE PIPELINE MODEL TO STUDY !!!
BrainChip Sales Business Development Model
• Sales Model
• OEM Engagements
• System Integrator Engagements
• End-User Engagements
-Development Agreements
-Sales and Marketing Cooperation
-Design Win
-Low Cost of Sales Incremental Engineering Expense API Development
-BC Studio/Accelerator
-AkidaTM at the Edge or Enterprise
System Integrators End UsersDesign Wins
Sales and Marketing Cooperation Supply Agreements
Low Cost of Sales Minimal Engineering Expense
BC Studio/Accelerator
END USERS
Design Win
Purchase Orders
Supply Contracts
High Cost of Sales Moderate Engineering Expense
BC Studio/Accelerator
(20min delay)