Probably will not help you to explain to this poster but here is an extract of the critical part of the actual announcement:
BrainChip Signs First Akida™ Intellectual Property License Agreement
_____________________________________________________________________________
• BrainChip to deliver Akida 1.0 neural network intellectual property (IP) for use in
customer’s system-on-chip (SoC) licensed products
• Agreement includes a single-use design license, implementation support, per unit
royalty and ongoing software maintenance services
______________________________________________________________________________
Aliso Viejo, Calif. – 23 December 2020 – BrainChip Holdings Ltd (ASX: BRN), a leading provider
of ultra-low power, high-performance AI technology, today announced the signing of an intellectual
property license agreement with Renesas Electronics America Inc., a subsidiary of Japan-based
Renesas Electronics Corp., a tier-one semiconductor manufacturer that specializes in
microcontroller and automotive SoC products.
The unconditional agreement provides for:
• a single-use, royalty-bearing, worldwide IP design license for the rights to use the Akida™
IP in the customer’s SoC products, which continues while the customer continues to use
the Akida IP in its products. The parties agreed to customary termination terms;
• BrainChip to provide implementation support services (at an agreed fee to cover costs)
aimed at facilitating the customer’s adoption and commercialization of the Akida-licensed
product during the first year of the license agreement.
• The agreement provides for various payment terms including the payment of ongoing
royalties based on the volume of units sold, commencing at certain agreed volume
threshold and the net sale price of the customer’s products. The royalties remain in effect
throughout the life of the licensed product.
• Brainchip to provide software maintenance services, which attract a separate fee if the
customer elects to continue to use these services after the first two years of the
agreement.
My opinion only no research required just need to read the above to realise Brainchip has a commercial engagement in place. Deep research would involve reading the explanatory document to the 4C in January, 2021 which advises that the first part of the licence fee had been paid during that month.
As I said my anonymous opinion only DYOR.
- Forums
- ASX - By Stock
- BRN
- Who will vote with the founders?
Who will vote with the founders?, page-94
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRN (ASX) to my watchlist
(20min delay)
|
|||||
Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $421.9M |
Open | High | Low | Value | Volume |
23.0¢ | 24.0¢ | 21.5¢ | $2.404M | 10.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 382931 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 184518 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 214858 | 0.230 |
11 | 223458 | 0.225 |
23 | 571078 | 0.220 |
26 | 1203619 | 0.215 |
43 | 1209209 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 213833 | 9 |
0.240 | 727126 | 21 |
0.245 | 552427 | 17 |
0.250 | 451979 | 10 |
0.255 | 521248 | 11 |
Last trade - 13.11pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
BRN (ASX) Chart |