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This is correct.Megachips are selling our IP. If they sold our IP, I doubt we will know who to
Based on past releases about $2 million OF the $4.8 million is unexplained and attributable predominately to licence fees.
As $2 million is a substantial amount if it has arisen from a licence/s for AKIDA technology directly entered by Brainchip with a customer/s there is no NDA known to man that would sideline the obligation of Brainchip to make a price sensitive announcement on the ASX. There has been no announcement ask Rocket if you want confirmation of this fact.
Logic therefore suggests that MegaChips is the most likely source of this additional licence fee or fees as its agreement allowed for it to sell licences of the AKIDA IP.
The unknown is how many licences and who are the customers.
We know Renesas paid around $500,000 to licence 2 nodes of AKIDA IP.
We know MegaChips paid somewhere from $1.5 million to $2 million for a full AKD1000 IP licence.
As AKIDA IP is scalable in this fashion then the $2 million could be four (4x) sales of $500,000 or one (1x) sale of $2 million.
However we need to remember MegaChips is providing all the resources to achieve the sale and service the customers so they must be receiving a fee or a percentage of each licence they sell. We have not been given the details of this financial arrangement.
So if they are receiving fifty percent of the fee to cover their services and remitting the balance to Brainchip then the potential customer payments remitted rise to eight x $250,000 or two x $1 million or other combinations thereof.
These numbers are based on logic and fact nothing more but in my opinion need to be considered seriously in assessing the potential significance of this report.
My opinion only DYOR
FF
AKIDA BALLISTA
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