HNY N,This is actually pretty promising news.
Quantum Ventura is now advertising and demoing it's cyber security platform through a subsidiary entity, MetaGuard AI.
For those that aren't an accountant (I am), this is a common restructure that I see and assist clients with, specially tech and licensing businesses or start ups that are close to commercialisation / ready to go to market.
Quantum Ventura would be the R&D entity, it owns the IP for the cyber security platform that has been developed and funded via the SBIR.
MetaGuard AI has been set up to be the market and client facing, brand advertising and contract entering licensee which will employ sales, marketing and other employees. Quantum Ventura will have licensed it's platform to MetaGuard to distribute and on-license to paying customers.
In short, the key reason for doing this is asset protection. If things go pear shape with customers or employees, the risk is limited to the assets held by MetaGuard AI. The key asset being the IP of the cyber security platform is held by Quantum Ventura and therefore not at risk.
This means QV is ready and extremely close to being ready to sell its products. They wouldn't have restructured if they weren't.
Still no IP licence between QV and Brainchip, I'm assuming this is subject to a customer order being placed with QV, so if they have success following CES, it will probably lead to an IP licence for us.
Cheers
Nice to see you're still in the game, that was a great post...things are always bubbling away at Brainchip HQ, almost time to serve up the fruit we've all been patiently waiting on.
Regards Chris
