Ann: BrainChip Ships First BrainChip Accelerator, page-3

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BrainChip Ships First BrainChip Accelerator
To a Major European Car Maker for Evaluation
in ADAS and AV Systems
San Francisco – October 24, 2017 BrainChip Holdings Ltd. (“BrainChip” or the
“Company”) (ASX:BRN), a leading developer of software and hardware
accelerated solutions for advanced artificial intelligence (AI) and machine
learning applications, today announced that it has shipped its first BrainChip
Accelerator card to a major European automobile manufacturer.
As the first commercial implementation of a hardware-accelerated spiking neural
network (SNN) system, the shipment of BrainChip Accelerator is a significant
milestone in neuromorphic computing, a branch of artificial intelligence that
simulates neuron functions. BrainChip Accelerator will be evaluated for use in
Advanced Driver Assisted (ADAS) and Autonomous Vehicle (AV) applications.
The shipment follows the launch of BrainChip Accelerator on 10th September
2017.
BrainChip Accelerator increases the performance of object recognition provided
by BrainChip Studio software and algorithms. The low-power accelerator card
can detect, extract and track objects using a proprietary SNN technology. It
provides a 7x improvement in images/second/watt, compared to traditional
convolutional neural networks accelerated by Graphics Processing Units (GPUs).
Bob Beachler, BrainChip’s Senior Vice President for Marketing and Business
Development, said: “This is an exciting first evaluation of BrainChip Accelerator
that was released just last month. Our spiking neural network provides
instantaneous “one-shot” learning, is fast at detecting, extracting and tracking
objects, and is very low-power. These are critical attributes for automobile
manufacturers processing the large amounts of video required for ADAS and AV
applications. We look forward to working with this world-class automobile​

manufacturer in applying our technology to meet its requirements.”