ASX AnnouncementBrainChip Announces India Software Development...

ASX Announcement
BrainChip Announces India Software Development Center
Company Establishes Presence in Hyderabad, India
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Aliso Viejo, California – 20 September 2020 – BrainChip Holdings Ltd (ASX: BRN), a leading
provider of ultra-low power high performance AI technology, today announced that the Company
has established a Software Development Center in Hyderabad, India. The Akida NSoC is a
complex integrated circuit that includes multiple interfaces, Data-to-Event Converters, a CPU
complex, on-chip memory and a neuron fabric to implement a complete neural network with no
external components required. The development center will concentrate on software and firmware
development to support the AkidaTM Neuromorphic System-on-Chip (NSoC). Software for device
drivers, the CPU complex and firmware are critical components of an Akida commercial
implementation.
BrainChip Systems India, Pvt. Ltd. (BCI) is located at 401, Surabhi Dhansi Building, Ameerpet,
Hyderabad-Telangana, India. The development center is staffed by five software engineers and
local management. The new entity is not expected to add incremental expense to the Company’s
historical cash outflows as the staff have served the Company as contracted services providers for
several quarters and the Company has provided funds for the facility and cost of equipment.
BCI will complement the software development of the Company’s staff in Toulouse, France which
concentrates on software for the Akida Development Environment and implementation of networks
on the Akida neuron fabric. This comprehensive software environment is intended to provide ease
of use and execution by companies utilizing industry standard tools for traditional Convolutional
Neural Networks to leverage the ultra-low power Event-Based capability provided by the Akida
intellectual property in SoC designs as well as the Akida device in system architectures.
BrainChip Holdings Ltd
ACN 151 159 812
Level 12 225 George St Sydney NSW 2000
T: +61 2 9290 9606 I F: +61 2 9297 0664 I W: www.brainchipinc.com
Louis DiNardo, BrainChip CEO commented, “We have
established BrainChip Systems India to support the
requirement for robust system software and firmware. As
Akida is implemented commercially, it is important that our
software is mature and provides a positive user
experience.” Mr DiNardo continued, “We have a very
seasoned management and engineering team in
Hyderabad. Having a BrainChip entity in India will allow us
to recruit and retain experienced engineering professionals
as we expand operations to meet market demands. The
India group has been working exclusively on Akida software and firmware development for several
quarters and we are fortunate to have them join us as we bring Akida to market.”
This announcement is authorised for release by the BRN Board of Directors.
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About Brainchip Holdings Ltd (ASX: BRN)
BrainChip is a global technology company that is producing a groundbreaking neuromorphic
processor that brings artificial intelligence to the edge in a way that is beyond the capabilities of
other products. The chip is high performance, small, ultra-low power and enables a wide array of
edge capabilities that include on-chip training, learning and inference. The event-based neural
network processor is inspired by the spiking nature of the human brain and is implemented in an
industry standard digital process. By mimicking brain processing BrainChip has pioneered a
processing architecture, called Akida™, which is both scalable and flexible to address the
requirements in edge devices. At the edge, sensor inputs are analyzed at the point of acquisition
rather than through transmission via the cloud to a data center. Akida is designed to provide a
complete ultra-low power and fast AI Edge Network for vision, audio, olfactory and smart
transducer applications. The reduction in system latency provides faster response and a more
power efficient system that can reduce the large carbon footprint of data centers.
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