OTC Markets Group Welcomes BrainChip Holdings Ltd. to OTCQX

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OTC Markets Group Inc.

May 13, 2021, 07:00 ET

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NEW YORK, May 13, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced BrainChip Holdings Ltd. (ASX: BRN;OTCQX: BRCHF), provider of ultra-low power high performance AI technology, has qualified to trade on the OTCQX® Best Market. BrainChip Holdings Ltd. upgraded to OTCQX from the Pink® market.

BrainChip Holdings Ltd. begins trading today on OTCQX under the symbol "BRCHF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

BrainChip CEO and Founder Peter van der Made said, "BrainChip's inclusion on the OTCQX Market provides the increased visibility we need to engage with a large and growing US investor audience. We are focused on building a strong, innovative and profitable global technology business based on commercialising our worlds-first Akida artificial intelligence chip technology."

BrainChip Holdings Ltd. retained MCAP LLC to act as the Company's OTCQX advisor. MCAP is a US broker-dealer that provides institutional securities services and electroinc market making. MCAP acted as the company's OTCQX sponsor.

About BrainChip Holdings LtdBrainChip 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.