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  1. #61
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    Quote Originally Posted by Joshuatree View Post
    16 years!.Thats a long evolution , is their tech still relevant ,has it kept up? How many cap raises? And mkt cap re $480 million!! Hope success is close for you long term believers.
    Capital raising

    24 August 2020
    BRN today issued 35,000,000 fully paid ordinary shares (Share Option Agreement (as announced to ASX on 13 August 2020)

    13 August 2020 Company Enters into an Equity Draw Agreement with LDA Capital.
    Agreement provides the Company a Put Option for up to A$29 million.


    15 April 2020 Company places 103.96M Fully Paid Ordinary Shares at $0.03 and raises A$3.12M in Gross Proceeds.

    16 July 2019: BrainChip completes Retail Entitlement Offer. Concludes successful capital raise totalling around $10.7 million. Approximately 67 million new BrainChip shares will be issued at$0.06 per share

    26 June 2019 Company Secures Funding for Product Development BrainChip has entered into a financing agreement with CST Capital Pty Ltd) for US$2.565 million. This funding will provide the necessary capital for the initial development of the Akida device.

    Under the terms of the financing agreement, CST Capital will provide US$2.565 million to
    BrainChip for the purchase of convertible notes. The convertible notes have an effective 10% interest rate paid upfront as a discounted subscription to the face value of the notes, being US$2.85 million, a 12-month maturity with up to three 6-month extensions at the Company’s election for an extension fee equal to 3% of the face value of the convertible notes outstanding at that time. The conversion price is equal to 92% of the average of a VWAP formula prior to a conversion notice.

    The terms of the financing agreement also require BrainChip to issue to CST Capital 30,000,000 ordinary shares for no consideration as ‘collateral shares’(which can be used for the conversion of the notes or may be bought back by the Company for nominal consideration upon maturity), 1,561,279 ordinary shares in payment of the drawdown fee for the financing (at an effective price of $0.079 per share) and 21,868,976 options (with a three year term, and a strike price of $0.117) on completion of the purchase of the convertible notes.


    31 October 2017 BrainChip Completes Placement to Raise A$21.5 million at A$0.18. 119,380,063 shares to be issued approximately 12% of BrainChip’s total post-placement issued share capital.

    26 May 2017 BrainChip Holding Ltd. Raises A$6.0M in Private Placement
    Company Placed 40M Ordinary Shares at A$0.15 per share and included a 1-for-2 option at a strike price of A$0.23.


    26 October 2016 BrainChip raises A$5.355m through an Oversubscribed Placement. The placement, which was initially expected to raise between A$3m and A$4m, was priced at A$0.18 per share.

    2 June 2016 Placement of Rights Issue Shortfall to High Net Worth Individuals –
    $4.075 Million raised. The Rights Issue offered up to 27,169,585 new shares at an issue price of $0.15 per share to raise a total of $4.075 million before costs.


    Quote Originally Posted by moka View Post
    CEO Louis DiNardo was in venture capital in the US previously and said that BRN is very capital efficient. Total capital raising A$40m less fees $38/39m = US$29m. Capital burn of US$15m (as at 31/12/17) to get where they are is great, not many US technology companies can match that. Had enough cash for 2 years at 31/12/17 @ $700K/month.
    .
    Last edited by moka; 25-08-2020 at 09:22 PM.

  2. #62
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    https://themarketherald.com.au/brainchip-asxbrn-posts-6-85m-half-yearly-loss-2020-08-26/

    Brainchip (ASX:BRN) posts $9.5M half-yearly loss.
    The company's shares were worth just five cents each at the start of the year but closed yesterday afternoon at 33 cents per share — a massive increase of 560 per cent.
    The major catalysts for the share price rise were the completion of the wafer fabrication for its flagship Akida system-on-a-chip product and the subsequent major partnership with MagikEye, each completed over the past two months.

  3. #63
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    Half year financial report out today. The bad news is $9.5M half-yearly loss. The good news is a research centre set up in Perth to look at the application of Artificial Intelligence across a wide spectrum of use cases including Smart Health.

    https://www.asx.com.au/asxpdf/202008...71sgjym8gt.pdf
    In May 2020, the Company incorporated a new Australian subsidiary, BrainChip Research Institute Pty Ltd, to pursue the further innovative and develop the next generation of the Akida software.
    Founder and inventor of Brainchip Mr Peter van der Made, Chief Technical Officer, relocated to Perth, Western Australia from California in January 2020 to lead the research team.

    On 23 July 2020, the Company announced the appointment of Professor Barry J. Marshall, a Nobel Prize laureate in Physiology and Medicine, to the Company’s Scientific Advisory Board.
    Marshall is at The University of Western Australia and set up the Marshall Centre for Infectious Diseases. Marshall invented the widely used urea breath test for diagnosis of the bacterium Helicobacter pylori (ulcers.) Smart Health is a branch of healthcare where neural network technology, medical and virology research meet to enable new intelligent technologies to deliver the rapid interpretation of clinical tests. There is talk of breath testing for diabetes, and coronavirus which could use Brainchip technology.

    https://brainchipinc.com/brainchip-a...ory-board-sab/

  4. #64
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    https://bulletinline.com/2020/08/24/...neral-vision/#
    What is NEUROMORPHIC CHIP?
    Leading NEUROMORPHIC CHIP market Players:

    1. aiCTX AG
    2. Applied Brain Research, Inc.
    3. BrainChip Holdings Ltd.
    4. General Vision.
    5. Hewlett Packard Enterprise
    6. HRL Laboratories, LLC.
    7. IBM Corp
    8. Intel Corporation.
    9. Qualcomm Technologies, Inc.
    10. Samsung Electronics Ltd.

  5. #65
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    https://sbir.nasa.gov/SBIR/abstracts...6.22-6631.html
    Scalable Neural Net and Neuromorphic Module for In-Space Autonomous Orientation and Maneuvering
    Tensor, along with several commercial partners, is developing new technology suitable for small satellites (SmallSat/CubeSat) and small launch vehicles.
    Using the COTS (commercial off the shelf) The BrainChip, Inc. Akida with fully configurable neural processing cores and scalable neural nets, we can design autonomy and artificial cognition capabilities for our prototype CubeSat that will be scalable to any space vehicle. The overarching goal is to make spacecraft autonomy affordable and ubiquitous.
    Last edited by moka; 27-08-2020 at 07:42 PM.

  6. #66
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    https://themarketherald.com.au/brainchip-asxbrn-completes-akida-wafer-fabrication-2020-07-02/

    02 July 2020 BrainChip (ASX:BRN) completes Akida wafer fabrication
     BrainChip (BRN) has completed the wafer fabrication for its Akida system, enabling progression to the assembly and testing phase
     The first completed Akida devices will be used for testing both internally and by customers who signed on to the Early Access program
     If the system stands up to company expectations in the testing phase, BrainChip will be well on the way to developing an AI system with capabilities beyond anything currently available
    The wafer manufacture was completed to schedule in conjunction with the company's partners, Socionext and Taiwan Semiconductor Manufacturing Company.

  7. #67
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    https://themarketherald.com.au/brain...oc-2020-06-09/

    09 June 2020 Tech developer BrainChip (BRN) has signed a joint development agreement with European automotive supplier Valeo for the Akida System-on-Chip (SoC)
     Valeo supplies sensors and systems for autonomous vehicles (AV) and advanced driver assistance systems (ADAS)
     The SoC will be developed to process data and learn in a way that is a lot more focused and streamlined than previous system architectures
    The low-power, reliable system will bypass the need for an exterior processing unit to integrate large amounts of sensor data, and instead provide a potentially better and more elastic solution in one compact package.

  8. #68
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    I’ve been watching BRN on Stockness Monster. Some big trades going through including one for nearly $1m. Turnover down today compared to earlier in the week. Closed at 31.5c.
    Volume 9,189,147 Turnover $5,977,275

    https://stocknessmonster.com/

    11:22:51 am 11:27:56 am 31c ..3,093,039 shares .. $958,842.. 48 trades
    10:06:53 am 10:06:58 am 31c.. 865,613 .. $268,340.. 40
    10:26:18 am 10:26:22 am 30.5c .. 686,082 ..$209,255.. 45
    11:29:07 am 11:33:49 am 31.5c ..1,110,564.. $349,827.. 36
    1:12:24 pm 1:17:07 pm 31.5c ..681,210 .. $214,581.. 27
    2:31:43 pm 2:33:20 pm 31.5c ..729,191 .. $229,695.. 44
    3:17:35 pm 3:17:35 pm 31.5c ..769,481.. $242,386.. 18

  9. #69
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    Excellent sharing thanks Moka. watching this .

  10. #70
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    https://www.finnewsnetwork.com.au/ar...ork275728.html
    BrainChip Holdings (ASX:BRN) Presentation, FNN Online Investor Event, April 2020
    Video and transcript

    We were founded in 2013. We did a public offering, actually a reverse takeover in 2015, company of Azania (mining company), we're listed on the ASX exchange. I think one of the things that investors should be cognizant of is we are in my mind and to my knowledge, the only pure-play artificial intelligence company that is public. We've raised about AU$53 million.

    Our engineering resources are primarily in California and Toulouse, France. California, Southern California, we have hardware design, we have computational neuroscientists who are researchers and in Toulouse, France, it's a team that we acquired when we acquired Spikenet in September of 2015. We do have five people that are dedicated contractors to us in India and we will likely be opening an India design center and rather than have them as contractors, so they'll be wholly owned.

    Akida means spike in Greek. But you can think about spike as an event. Spiking neural networks are going to be an evolution. In the interim, there is a whole bunch of what we call computational neural networks, everything that's going on in the artificial intelligence world. What the team has been able to do is develop a chip that can do spiking neural networks in a native domain, but during the interim, while people are evolving to spiking neural networks, it really is an event-based processor.

    There's a lot of companies that are laying claim to being able to play at the edge. Number one, they're not a complete solution. They need a host CPU, they act as an accelerator or a math coprocessor. Our device is complete. Everything in our device and everything in the intellectual property that we're marketing as well is a complete neuro fabric. It runs the network and it does all of the processing.

    We are opening innovation and research centers. The first is in Western Australia. Peter Van Der Made for personal reasons wanted to go back to Perth. He's starting a innovation and research center there.
    Commercial contracts are in negotiation. We've got one that's been on a kind of long pole out of Europe (Valeo). We've got one coming out of United States in Detroit (Ford). We've got a couple that are going on in China.

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