Ann: Product Development and Business Update, page-23

OriginallypostedbyDeena

Mytakeonthemainpointsareasfollows:

1. Akidadevelopmentbeingfasttracked.
   Additionalfocus/resources.
   FPGAcompletedforinternalevaluation
   SelectionofASICvendorforproduction(almostcomplete)willreducecostsandacceleratetimetomarket.
   2.Costreductions
   UsingOEMsexclusivelyforBrainChipStudiosalesandmarketing.
   TemporaryreductionincertainExecutivecompensation.
   3.GPIagreementproceedingbutdelayedbyAngelacquisition

Fast Tracking Akida Development

From comments, some may have missed your point Deena.

Just so there's no misunderstanding, this Announcement confirms that the Co has now finally made the decision to go down the full service path (Turn Key path) in regard to the manufacture of the IC. Big decision which they hope is the most cost effective route, with reduced risks and one which will accelerate time-to- market.    While costs for the IC are a little bit higher. BRN will pay for all non recurring engineering. The Turn Key path will save all the in house cost of manufacture incl. the capital cost of the expensive mask set.