Short Term Trading Week Starting: 12th Sept, page-26

STTCOMP BRN, FA Long – Artificial Intelligence (ASX: BRN – BrainChip Holdings Limited) SP: 11.5c MC: $93 Million Cash $3M (AUD) Shares: 744M, 87M performance rights, 24.5M unlisted options. Top 6 holders own 68%

BrainChip has developed a revolutionary Spiking Neuron Adaptive Processor (SNAP) technology that learns autonomously and unsupervised, evolves and associates information just like the human brain. Company has interesting prospects but has required validation of technology. Recently announced that multiple NDA’s have been signed off.
Acquisition of Spikenet in the last few weeks gives them a market entry and instant early revenue with the ability to showcase the autonomous learning applications in facial recognition, airport security and casino table monitoring.
Strategic alliance last week with Advisian Digital Enterprise who are a subsidiary of Worley Parsons. Strong validation.