For holders' growing impatient it's important to know the timelines:
AKIDA1000 was completed in November 2021. AKIDA1000 R & D ceased.
Hindsight tells us R & D turned to AKIDA 1500 and later GEN2/TENNs.
See News release dated 8/11/21 titled:
BrainChip Completes Testing Production Version of the Akida Chip
Quote from PVM from the release dated 8/11/21:
“This is another major milestone for the company
as we migrate from our research and development phase into full production and commercialization of the AKD1000 chip and the Akida IP,” said BrainChip CEO, Peter van der Made. “We have already seen significant uptake by Early Access Customers looking to leverage the clear advantages that Akida offers beyond the capabilities of other AI products. Akida is a ‘Next Generation’ AI device that offers real-time learning on chip and operates at a very low power consumption.”
Sure the chip was available in 2019, 2020 and 2021 for early access any anyone who wanted to license it such as Renesas but the focus was R&D.
BrainChip Completes Testing Production Version of the Akida Chip - BrainChip
With the focus now on commercialization a News release dated 18/1/22 Titled :
BrainChip Achieves Full Commercialization of Its AKD1000 AIoT Chip With Availability of Mini PCIe Boards in High Volume
News Release
It's been almost 3 and a half years since full on commercialization commenced. - Sean Hehir commenced in Novemb.er 2022 to drive the commercialization process.
Its not that long ago when you consider in January 2022 there was basically nothing that AKIDA 1000 could slip into immediately.
While the demand for AI at the Edge and is growing and innovation accelerating the time from engagement to revenue is not - it's incredibly slow involving extensive and time-consuming testing. For safety regulated auto and health it could easily be 5/6years plus.
In general the extensive timeframes are sometimes not understood by retail investors some of whom are impatient.
AKIDA is not just an add on to improve performance it's a whole new way of doing something. Early in a new tech adoption cycle that can be hard for business, end users and holders to 'get their head around'.
Sean said in the quarterly that he is confident we will close substantially more bookings in 2025. Given the time lapse since Jan'22 and the increase in client validation since Sept'24 that is expected.
The bottom line is patience still required for revenue but we are getting closer.