Ann: Frontgrade Gaisler Licenses Brainchip's Akida IP, page-7

“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. Frontgrade 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. BrainChip is currently unable to estimate potential future royalty revenues. This licence for the product(s) is perpetual and no other material conditions must be satisfied to execute the agreement.“This collaboration with Frontgrade Gaisler to licence Akida IP for implementation into space SoCs represents an important step in space-based AI deployments, turning into reality what once was considered unattainable”, says Sean Hehir, CEO of BrainChip “We are pleased to expand on our trusted relationship with Frontgrade as they push the boundaries of space computing.”