What the Company has told us this year regarding the GPI deal:
27 February, 2019
The Commercial Agreement has been delayed partly as a result of the diligence process associated with GPI’s board and shareholders agreeing to be acquired by Angel Kodo, of Kyoto Japan and partly pending the completion of system integration and acceptance of performance.
27 March, 2019
In January 2018, BrainChip and Gaming Partners International (GPI) signed a Licensing and Development Agreement. This agreement provided for the integration of the Company’s pattern recognition technology with GPI’s Automated Table System (ATSTM). GPI is a leading OEM provider of equipment to the global gaming industry. In June 2018, BrainChip’s visual analytics product was demonstrated in Macau with the GPI ATSTM. This was a significant event because global leaders in the gaming industry were provided private demonstrations of the system.
29 April, 2019
• GPI’s shareholders have approved the merger with Angel Holdings Godo Kaisha of Kyoto, Japan. The transaction has been announced to close on 1 May 2019, following which the Company intends to resume commercial discussions and determine the intention to continue with the deployment of the solution, which is currently under review.
What the Company has told us this year regarding the GPI...
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