How BrainChip will make revenue from announcement info:
Upfront Payment: BrainChip gets €150,000 for providing the design and support. Royalties: BrainChip will earn 10% of the money Frontgrade makes from selling the first chip using Akida. Extra Licenses: Frontgrade can pay more (€150,000 or 15% royalties) if they want to use Akida for other chips. Software Maintenance: After two years, Frontgrade can pay $125,000 per year to keep the software updated. That is the simplest I can make.
Cheers
BRN Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
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