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1 December 2016 BrainChip and Cisco Internet of Everything Innovation Centre Sign Agreement to Demonstrate the Capabilities of BrainChip's Spiking Neuron Adaptive Processor (SNAP) Technology Highlights  BrainChip signs an agreement with the Cisco Internet of Everything Innovation Centre to demonstrate BrainChip’s SNAP technology  The first demonstration will commence in December of 2016 and showcase traffic monitoring and advanced analysis capabilities  A second demonstration focusing on an in‐vehicle camera for hazard detection and road safety is also being developed as part of the agreement BrainChip Holdings Ltd (“BrainChip” or the “Company”) (ASX: BRN), a leading developer of software and hardware accelerated solutions for Advanced Artificial Intelligence and Machine Learning applications, is pleased to announce that it has signed a collaboration agreement with the Cisco Internet of Everything Innovation Centre (CIIC) to develop a series of demonstrations utilising BrainChip’s Spiking Neuron Adaptive Processor (SNAP) technology. CIIC is an industry and research collaboration centre at Curtin University, established by Cisco with foundation partners Curtin University and Woodside Energy Limited. With access to advanced facilities and a global industry network, the CIIC is designed to build and foster innovation in an open environment to solve industry problems. The first demonstration will showcase traffic monitoring and advanced analysis capabilities that will capitalise on the strength of the SNAP technology. The SNAP Advantage BrainChip’s SNAP technology can quickly learn, recognise and track complex objects in real time from multiple sources, such as video camera feeds. ASX PRESS RELEASE ______________________________________________________________________________ BrainChip Holdings Ltd ACN 151 159 812 Level 2, 6 Thelma Street, West Perth WA 6005 T: +61 8 9444 2555 | F: +61 8 9444 1600 | W: www.brainchipinc.com The SNAP technology provides users a significant edge in a wide range of applications. Current traffic management systems must collect and store data, which then needs to be analysed either manually or using an algorithm. This is a multi‐ stage process. In contrast, SNAP has the ability to perform the analysis on a single chip or circuit board with little instruction; making a SNAP‐based solution significantly cheaper and faster to implement and maintain. Demonstration One: Traffic Modelling and Advanced Analysis Using SNAP technology, a computing platform connected to cameras placed at key locations on roads end users can automatically:  Identify vehicle types  Count and categorise all vehicles  Detect pedestrians  Automatically produce real time traffic reports The demonstration will include lab and field trials that will demonstrate the benefits of the BrainChip SNAP technology. Demonstration Two: In‐Vehicle Camera Solution BrainChip is also developing an in‐vehicle platform utilising the SNAP technology, leveraging Cisco’s products where applicable, to perform three types of information processing:  Positioning will use GPS information to record the location and speed of vehicles.  Computer Vision for road sign identification and detection, pedestrian detection, object detection in front of the vehicle and alarm generation to alert the driver.  Data Analytics to create a driving report that will contain locations travelled, speed of the vehicle and objects detected on the journey. The Chief Executive Officer of BrainChip, Lou DiNardo, commented: “Working on the next generation traffic management and road safety is a great way to showcase the power and flexibility of our technology. We are excited to be given this opportunity to work with some of the leading organisations in this field and we look forward to bringing further updates to the market on our progress over the next few months.