Ann: Annual Report FY20, page-13

As for the narrative report by the Chairman the following is the salient part though it contains only the already known material:

"We concluded 2020 having made significant strides in the development of our technology and
commercialisation of Akida with the launch of our Early Access Program and the availability of Akida evaluation
boards, new partnerships, expansion of our leadership team and global facilities. In December we signed an
agreement to license the Akida intellectual property to a major Japanese semiconductor company and we look
forward to continuing this momentum throughout the upcoming year.

Our Early Access Program was launched in June 2020 and targeted specific customers in a diverse set of end
markets in order to ensure availability of initial devices and evaluation boards for key applications. Multiple
customers have committed to the advanced purchase of evaluation boards for a range of strategic AI Edge
applications including Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV),
Unmanned Aerial Vehicles (UAV), Edge vision systems and factory automation. Among those joining the
program are VORAGO Technologies in a collaboration intended to support a Phase I NASA program for a
neuromorphic processor that meets spaceflight requirements. We are also collaborating with Tier-1
Automotive Supplier Valeo Corporation to develop neural network processing solutions for ADAS and AV.

This year, we partnered with Socionext, a leader in advanced System-on-Chip (SoC) solutions for video and
imaging systems, to provide a complete low-power AI Edge network for vision, audio and smart transducers
without the need for a host processor or external memory. Our partnership with Magik Eye Inc., developers of
revolutionary 3D sensors that change how machines see the world, combines the best of AI with 3D sensing
to provide a total 3D vision solution to manufacturers for fast 3D object detection and recognition in applications
including robotics, automotive and emerging consumer products, such as AR/VR and others."

My takeaways from this narrative description of the year 2020 is as follows:

1. The name Renesas is not used and yet the names of others appear. The only mention of the Renesas name is tucked deeply within the section of the Annual Report which I will loosely refer to as the accounting part. Clearly for commercial in confidence reasons the company has a strategy in play.

2. I have highlighted the nominated strategic Ai Edge uses but draw your particular attention to the last words "factory automation". If you have been following the Tata Consulting Services (TCS) web site, and patents and remember the statement by Tata's Dr. Arijit Mukerjee that he was looking forward to building a robot based on an AKIDA platform at the joint presentation on 14 December, 2019 you will be aware that one of the primary research and development areas of TCS is factory automation through cooperative autonomous robots.

3. Socionext remains front and centre as a partner which adds weight to the reason behind other posters observations that Socionext have been promoting Brainchip and its involvement with them on various social media sites.

4. There is absolutely not a word about the VOC Detection involving NaNose released yesterday.

Otherwise business as usual.

AKIDA Ballista.
My opinion only DYOR.