BRN Discussion Ongoing

[manny100]

As at 30/9/24 we had 7.7 quarters of cash in the bank - almost 2 years. Cash is not an issue at all.
As we have no pressing need at all for immediate cash it appears that we are expecting a major deal before 30th June2025 which is the last day of drawing the LDA funds.
Pico and the M2 format were developed in response to clients' requests/needs. We also know for example that Tata intends driving AKIDA into its products.
We know NDA's have been in place for some time. Plenty of engagements.
With 2 new products (Pico and M.2) recently released plus our new Edge box partnerships i doubt the raise is to produce another product so soon.
IMO its more likely connected to a deal. Why else would we raise cash when there is no pressing need?

 

[Fullmoonfever]

As we know from what was posted by BRN. RTX def playing with neuromorphic.

Transformative Technologies

Raytheon Technologies is defining the future of aerospace and defense with ground-breaking research and development to create transformative technologies that push the limits of known science.

www.rtx.com

Advanced sensing

• Our RF systems use higher-power microelectronics, increased processing power and software-defined apertures to achieve next-generation capabilities for radar, electronic warfare, communications and multifunction radio frequency applications.
• We’re advancing electro-optical/infrared and other systems such as space-based multispectral sensors and electro-optical distributed aperture systems variants.
• We are providing increased capability against advanced threats and countermeasures by enhancing high-bandwidth digital waveform generation, AI-enabled intelligent signal processing and advanced neuromorphic processing.
• Our acoustic systems enable advanced mine-hunting and undersea networking capabilities through high sensitivity, directionality, multiple access and multi-mod active and passive capabilities for sonar, communications and navigation.
• Our missile seekers counter a wide range of advanced threats through advanced processing and algorithms, all while achieving low size, weight, power and cost.

 

[Pom down under]

As at 30/9/24 we had 7.7 quarters of cash in the bank - almost 2 years. Cash is not an issue at all.
As we have no pressing need at all for immediate cash it appears that we are expecting a major deal before 30th June2025 which is the last day of drawing the LDA funds.
Pico and the M2 format were developed in response to clients' requests/needs. We also know for example that Tata intends driving AKIDA into its products.
We know NDA's have been in place for some time. Plenty of engagements.
With 2 new products (Pico and M.2) recently released plus our new Edge box partnerships i doubt the raise is to produce another product so soon.
IMO its more likely connected to a deal. Why else would we raise cash when there is no pressing need?

Maybe they are looking at buying a coffee shop franchise

 

[7für7]

Just to close the day productive

https://www.linkedin.com/posts/beem...prioritises-activity-7284066751250579457-GZv8

 

[FuzM]

As at 30/9/24 we had 7.7 quarters of cash in the bank - almost 2 years. Cash is not an issue at all.
As we have no pressing need at all for immediate cash it appears that we are expecting a major deal before 30th June2025 which is the last day of drawing the LDA funds.
Pico and the M2 format were developed in response to clients' requests/needs. We also know for example that Tata intends driving AKIDA into its products.
We know NDA's have been in place for some time. Plenty of engagements.
With 2 new products (Pico and M.2) recently released plus our new Edge box partnerships i doubt the raise is to produce another product so soon.
IMO its more likely connected to a deal. Why else would we raise cash when there is no pressing need?

Been thinking about this as well.

One theory that I have is that they might be required to provide a financial guarantee to ensure stability throughout contractual duration. If there is a large contract of which payment is either milestone or turnkey based, they might require Brainchip to have financial capability to scale up. It would be a high risk item for the contracting company to purchase/deal with a company with unknown financial ability to support its scaling operation in the near term timeline.

If I were to contract out house building, it would be rather unpleasant if my contractor were to suddenly run out of money midway of house construction because they have to hire more people for the work. Would probably ask for a letter of financial guarantee from the bank or financial institution.

Just my wild theory and assumption.

 

[manny100]

Maybe they are looking at buying a coffee shop franchise

View attachment 75856

Could be maybe buying the whole franchise business and becoming a coffee Franchisor?
How else could they explain raising $20 mill when they are already cashed up - and cashed up big?

 

[Tothemoon24]

Apologies if posted from 3 weeks ago , neuromorphic & neural networks gets a brief mention

 

[Gazzafish]

Been thinking about this as well.

One theory that I have is that they might be required to provide a financial guarantee to ensure stability throughout contractual duration. If there is a large contract of which payment is either milestone or turnkey based, they might require Brainchip to have financial capability to scale up. It would be a high risk item for the contracting company to purchase/deal with a company with unknown financial ability to support its scaling operation in the near term timeline.

If I were to contract out house building, it would be rather unpleasant if my contractor were to suddenly run out of money midway of house construction because they have to hire more people for the work. Would probably ask for a letter of financial guarantee from the bank or financial institution.

Just my wild theory and assumption.

I agree. I’m sure I read a few years back that some tier 1 companies

Been thinking about this as well.

One theory that I have is that they might be required to provide a financial guarantee to ensure stability throughout contractual duration. If there is a large contract of which payment is either milestone or turnkey based, they might require Brainchip to have financial capability to scale up. It would be a high risk item for the contracting company to purchase/deal with a company with unknown financial ability to support its scaling operation in the near term timeline.

If I were to contract out house building, it would be rather unpleasant if my contractor were to suddenly run out of money midway of house construction because they have to hire more people for the work. Would probably ask for a letter of financial guarantee from the bank or financial institution.

Just my wild theory and assumption.

I agree. I’m sure I read a few years back that some Tier 1 companies may be reluctant to sign a deal unless Brainchip could provide financial stability. Be a very bad investment for a tier 1 company to sign a deal with a company that wasn’t around long enough to deliver on the deal. This additional revenue raise is a good thing in my opinion

 

[Fullmoonfever]

Was looking at BH again and RTX searches.

This PDF came up from the Navy (NAVAIR) and appears BH would have been working on the Snap Card prior to 2023 as this update was dated July 23.

Indicates how long Dev & testing cycles can be.

Navy definitely think highly of it at that point.

Looking good.