Sorry to disappoint but I do not have established dialogue what I have is a monologue and as monologues are it is all one way.
I have never made any secret of the fact that I disagree with the failure to use the ASX and to rely upon press releases and social media as a satisfactory method for communicating with shareholders and the market.
The inadequacy of this approach was on full display in the Trim analysis which completely omitted/missed the AKIDA Onsor Nexa agreement for epilepsy detection and warning glasses timetabled by Onsor for commecial release second half 2026 and the advance sale by Frontgrade Gaisler of the AKIDA GRAIN to the Swedish Space Agency for end of 2025 press releases.
I have exhausted my willingness to engage with Investor Relations on this point. I do not need to be told again that I have no idea about the operation of the Continuous Disclosure Rules by someone who takes their advice from the ASX rather than lawyers skilled in this jurisdiction and motivated to assist a Company to maximise the use it it can make of the ASX to communicate progress and achievements.
I have sent emails to the Company pointing out how I view the failure and providing examples of announcements by other technology companies and have spoken at the AGM regarding this issue.
I will continue as appropriate to send further emails as the knowledge gained at the AGM from the Chair that Brainchip has recently engaged with lawyers regarding the use of the ASX gives me some hope that perhaps after years of hitting up against a brick wall a change might be possible.
Additionally the Chair's apology at the AGM for their ASX policy and taking all the blame could be seen as indicating that advice being received from their lawyers has perhaps opened the idea that there have been matters that might reasonably been made the subject of an ASX announcement in the past.
I would not normally disclose what I have emailed the Company but on this occasion I have decided to share the contents of one of my emails since the AGM which remains unanswered:
"Thank you for your email.
I do however wish to raise amatter with you regarding ASX announcements or the lack thereof that you mightlike to raise with the lawyers that Brainchip has engaged.
It is stating the obvious to saythat Brainchip is a revolutionary technology company and as such the market andshareholders are concerned with basically three things:
1. Management
2. Revenue
3. Technology validation
Leaving 1 and 2 to one side thevalidation of revolutionary technology or proof of concept if you like is acritical aspect of Brainchip’s valuation in the market.
This validation is notpeculiar to Brainchip but is common across the biotechnology and mining sectorsof the market.
Oil explorers will publish pricesensitive ASX announcements regarding geological reports that indicatefavourable formations to provide comfort to the market that where they areexploring is a sensible option.
Biotechnology companiesintending to develop drugs will publish results from other researchers who havehad good outcomes in mice to provide comfort to the market that the approachthey propose to take is sensible.
As Brainchip AKIDA technologybecomes more known and accessible a growing number of researchers arepublishing papers validating the technology. Tata Consulting Services has beena regular publisher in this area as I would assume you know.
As they have published theyclearly are not concerned with keeping their findings under wraps. It ofcourse would be unnecessary to publish the entire document so copyright issuesshould not arise and if approached the right way they would likely see theadvantage to them of having their work promoted.
TCS are not the only ones thoughas the following illustrates:
---------------------------------------------------------------------------------------------------------------------------------------------------NeuromorphicQuantum Adversarial Learning
(NQAL): ABio-Inspired Paradigm for DNS over HTTPS Threat Detection
BasharatAli
NanjingUniversity
ResearchArticle
Keywords:Network Security, NQAL in Network Security, Network Protocols, EnhancingNetwork Security,
EnhancingDoH Protocol Security, Threats Detection in Encrypted Network, Cyber AttacksDetections
PostedDate: April 30th, 2025
AbstractExcerpt:
To overcomethese complex issues, this work proposes a new architecture—NeuromorphicQuantum Adversarial Learning (NQAL)—a bio-inspired, zero-knowledge-supporteddetection
mechanismcombining spiking neural networks (SNNs), quantum noise injection (QNI), andfederated swarm intelligence to immunize, rather than detect, DoH-basedattacks.
The methodrelies on a neuromorphic model employing Dynamic Spiking Graph Attention(DSGAT) and Spike-Timing-Dependent Plasticity (STDP) to encode encryptedtraffic as dynamic spike trains to enable ultra-fast, energy-efficientinference on processors such as Intel Loihi and BrainChip Akida
Experimentset up Except:
Experimentswere carried out on neuromorphic hardware platforms such as Intel Loihi 2 andBrainChip Akida that providesub-millisecond latency with low-power event-driven processing characteristics.
Akidaresults related Excerpt:
Table 5:Hardware Deployment Metrics
PlatformAccuracy Latency Power Throughput
GPU (NVIDIAV100) 89.2% 3.1 ms 45 W 1,200 QPS
TPUv4 91.5%2.8 ms 32 W 1,500 QPS
Loihi 298.7% 0.9 ms 4 W 9,800 QPS
Akida99.1% 0.7 ms 3 W 12,400 QPS
Outcome ofTable 5:
HardwareInstallation Metrics presents the excellent performance of our neuromorphichardware solutions towards accomplishing peak performance for DoH securitysystems.When comparing Loihi 2 andAkaida to GPU platforms and TPU platforms depicts easily how changing towardsneuromorphic chips invokes important boosts in terms of both accuracy andefficiency.Both the GPU (NVIDIA V100) and TPUv4 initiated withlow performance at 89.2% and 91.5% accuracy, respectively, butwhen executed on Loihi 2,accuracy jumped dramatically to 98.7%,and a further improved 99.1% on Akida.
Thisincrease in accuracy isaccompanied by a drastic reduction in latency,from 3.1 ms for GPU to 0.7 ms for Akida, illustrating the real-time processingcapability of the neuromorphic hardware.
Besidesthis, the power usage of the
Loihi 2 andAkida platforms—4 W and3 Wrespectively—is a brilliantpower efficiency against traditional GPU-based systems consuming 45 W.Throughput is alsodramatically increased, with Akida being able to support 12,400 QPS, in strongcontrast to the GPU’s 1,200 QPS.
Suchresults justify the single value of neuromorphic hardware as an approach forenergy-efficient high-performance DoH anomaly detectionand prove how
our newapproach beats current systems and becomes the future standard for real-timesystem encrypted traffic protection[14].
Full paper SHAPE \* MERGEFORMAT HERE
I need not tell you thatcybersecurity and AKIDA’s ability to be a player in his space has been a themepromoted by Peter van der Made to shareholders since ground zero.
Nor do I need to tell you thattwo very significant engagements have been revealed in the past few monthsspecifically in this cybersecurity space.
It is however apparently notobvious to those who have in the past been advising Brainchip that shareholderslike to see independent validation of the technology underpinning theirinvestment and confirming that Brainchip is not another scam like Theranos.
I will pull up here as I respectyour intelligence and assume you have already understood the point I ammaking.
I will say in concluding thereis great scope to improve investor relations by recognising that this is anarea where communication could be improved via the ASX without any suggestionthat the company is engaging in ramping.
If you would like me to furtherexpand on this I would be happy to do so."
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------What dissuades me from engaging with a group of shareholders as suggested is the behaviour that flowed following a meeting I attended with Sean Hehir, Geoff Carrick and Tony Dawe in Sydney in late 2023 with a number of other retail shareholders where I/we continued to prosecute the case for greater use of the ASX.
This meeting which was never secret was the subject of abuse and crazed commentary from a large number here and in another place. As it transpired this reaction led to Investor Relations pulling back completely from having meetings with retail shareholders.
Funnily enough it was at this much maligned meeting that I started to make some traction on the question of ASX announcements with Sean Hehir CEO discussing with him the GetSwift Appeal and putting a different view point to that of Geoff Carrick but that died a sudden death thanks to the commentary that followed with regards to the meeting and the complete closing down of these lines of communication.
So I will continue my efforts privately to chip away at this flawed policy regarding ASX announcements.
My opinion only DYOR
Fact Finder
PS: Thanks to FMF for posting the summary that I used in my email.
(20min delay)