I think we all need to re-read this press release published on...

I think we all need to re-read this press release published on 14th June. The leaders have clearly told that leading automotive and surveillance companies have signed EAP or Development agreements. The chip has been validated and we will soon hear further development of the commercial relationship between Brainchip and those companies in EAP. I think we need to have patience and wait for the next announcement.

BrainChipSuccessfully Launches the Akida Early Access Program

Aliso Viejo,California – 14, June 2020 – BrainChip Holdings Ltd (ASX: BRN), a leading provider ofUltra-Low Power, high performance AI technology, today announced an EarlyAccess Program (EAP) for the Akida™ neural processor System-on-Chip (SoC). TheEAP has been targeted at specific customers in a diversity of end markets forearly adoption of the Akida device.

Sinceannouncing the start of wafer fabrication in April 2020, the demand forevaluation systems, including engineering prototypes, has been significant. Inresponse to this demand, BrainChip has established an EAP for select partnersto ensure availability of initial devices and evaluation systems for keyapplications. Multiple customers have committed to the advanced purchase ofevaluation systems for a range of strategic Edge applications includingADAS/AV, Unmanned Aerial Vehicles (UAV), Edge vision systems and factoryautomation.

The EAPincludes evaluation boards with the Akida device, software and hardware supportand dedicated engineering resources. The EAP agreements include paymentsintended to offset the Company’s expenses to support partner needs.

Partners haveengaged in the early development of systems and solutions utilizing thepowerful software development environment and chip simulator all contained inthe Akida Development Environment (ADE). By utilizing the complete flowavailable in the ADE, designers have successfully developed and trainedhighly-optimized neural network solutions using the Company’s development flow,including the Tensorflow and Keras environments. Optimized and trained modelscan be run on the ADE to evaluate performance on the Akida processor. With theAkida evaluation board, the same trained networks and control files used in theADE will be used to program the neural processor SoC to run the complete neuralnetwork. This enables partners to implement their hardware solutions quicklyand efficiently.

LouisDiNardo, BrainChip CEO commented, “We are very pleased with the level ofinterest and commitment to the Akida neural processor. Leading companies in theautomotive industry and surveillance market have committed to the Early AccessProgram or signed Development Agreements. Additionally, we are focused onopportunities in the Smart Home area, Smart Health and Industrial IoT.” DiNardocontinued, “The level of engagement with key partners and industry leaders is atestament to the value of the Akida neural processor which enables ultralowpower AI technology with continuous learning to be implemented effectively in awide range of Edge applications.”

“I am excitedto see the application of BrainChip’s innovative neural processor solution tosolve challenging problems facing industries implementing Edge AI, such asautomotive ADAS and AV,” said Rich Wawrzyniak of Semico Research, “BrainChip’sAkida neural processor is an ideal fit for applications in which highperformance is required in a tight power budget. The capability to process onlythe relevant event-driven data in an application is a great solution for manysituations where much of the data can be extraneous and processing it justwastes power. Good job BrainChip!”