BRN Discussion Ongoing

[Jacob Kiraz]

Can someone tell me if the Renesas deal is dead in the water,
Are we in the Nitendo switch thru a megachips deal

 

[TECH]

I also attended the AGM, for the duration, yesterday.

I strangely find myself emotionally detached from proceedings, and perhaps worthy of some reflection of what was said & transpired.

Basically, I witnessed a US board and executive management team struggling to communicate with an Australian shareholder base. There was a clear cultural divide. The forthright manner, and at times brash, manner of Australian shareholders visibly threw Antonio & Sean (in Australia, respect is earnt, not given). In Antonio, the fight or flight response was to fight. Make of that what you will. No doubt it was not Antonio's finest hour.

However, my take-out is that any redomicile is on the back-burner for a while. Any move to de-list would require 75% vote via a special resolution, there is no chance that is getting up when they can't get 50% for the renumeration package. This was made clear early in the AGM, and IMO in Antonio's attempt to backtrack on the re-domicile subject tripped himself up and looked rather silly. However, when all is said in done, I reckon no move to the US ( unless dual listing ) in the immediate future.

On the journey over the last couple of years, a difficult pill to swallow. Essentially, the tech wasn't "commercial ready" , and the BrainChip team were unable to complete any enduring commercial deals. The licensing deals that were done seemed to be adhoc in nature, without integration between the companies involved (essentially selling a shelf item, with no idea what happens when it leaves the store). As a result of the commercial failure, the last 2 years have been a "pivot", or what I would describe as a desperate push to build & correct the deficiences in the product offer to make it "commercial ready" before the whole house of cards caves in. Communication has been lacking, perhaps partly because internally they knew they had to get their "shit" together before any major PR campaigns ( or else risk exposure for what was lacking, and completely decimate shareholder value ). All a bit depressing, and just my view.

However, the good news, very good news in fact, is that it would seem that we are now "commercial ready". The technical position seems very strong. The technology path for the next few years, strong. The real proof however, is in the companies that are finally putting pen to paper and doing deals with BrainChip ( in an integrated partnership, with full sight on progress )- the ultimate proof that BrainChip is now " commercial ready". This list includes RTX, Onsor, Chelpis, Frontgrade and Information System Labs.

The discussions around how we renumerate & reward US executives and employees, in a highly competitive environment, in a pre-revenue listed entity, against a backdrop of an ASX listing with associated benchmarks ( RSU's vs Options is a great example ), will continue to generate much angst. I can see no way of resolving this tension until such time as BrainChip has delivered success ( as measured by revenue, not "bookings" ), and will need to be managed as well as is possible.

Believe it or not, after this ramble, I actually think Brainchip is in the best position it has been in "ever", and remove the emotion, because now would be exactly the wrong time to sell, and probably what many institutional investors are depending on.

Morning Quiltman,

That was an excellent appraisal, I agree.

I notice that no one appears to have made comment on the excellent presentation that Dr. Johnathan, I thought he was great, he spoke
clearly, is an excellent asset to our engineering team and explained our future runway, finishing with the comment that Akida 3 will see us clear for the next decade (or words to that effect) ...a very precise, easy to follow presentation.

Noting that he has made the commitment to Sean that Akida 3 will be ready during the first quarter of 2026, as they are further down the
design phase than they had originally anticipated, so he has given a clear timeline, which I like.

To say or think that the staff have been cruising is not only very disrespectful but totally false, the entire team at Brainchip have been
digging in and working hard.

For Steve to gain entry to the Board, either someone had to step down or the Board? decided to increase the number to 7, he is well
qualified in my opinion, but the timing wasn't/isn't quite right, regarding the shareholder targeting Peter at the end was a disgrace, knowing Peter he would have been rather embarrassed, some of the comments I have read on this forum regarding this personal attack on our Founder were also disgusting!

Peter was clearly happy to chat with the shareholder privately, which is his right, rather than having his personal comments recorded forever
on the record, Peter has the highest integrity, loves this company, showed great respect in standing up and backing his CEO.

I'll always defend him, such a pity there aren't more humans on this planet with his heart, mind and attitude towards his fellow man.

God bless you Peter

 

[Smoothsailing]

Can someone tell me if the Renesas deal is dead in the water,
Are we in the Nitendo switch thru a megachips deal

No one knows about Nintendo yet as it wasn’t discussed so it’s still on the table.

Renesas we were told hasn’t use their license yet.

 

[TheDrooben]

No one knows about Nintendo yet as it wasn’t discussed so it’s still on the table.

Renesas we were told hasn’t use their license yet.

Might be wrong SS but I thought Sean said we wouldn't know if Renesas are using their licence until any products containing Akida are commercialised.......due to the licencee wanting to maintain their competitive advantage.

I did miss the last half hour or so though so it could have been mentioned again then

Happy as Larry

 

[manny100]

Might be wrong SS but I thought Sean said we wouldn't know if Renesas are using their licence until any products containing Akida are commercialised.......due to the licencee wanting to maintain their competitive advantage.

I did miss the last half hour or so though so it could have been mentioned again then

Happy as Larry

Andes are a big auto supplier to Renesas of RICS-V chips albeit to date the 32 version.
Appears we are integrating into their 64 chip.
If Renesas want access to access Neuromorphic AI at the Edge for auto they can back-door via Andes.
Tony V said they have no line of sight on what Renesas is doing - its their business. He or Sean also said some will buy a licence and never use it.
A growing Edge industry means Renesas IMO will have to at some point get access.

 

[manny100]

I think we all thought the original BOD 5 year approved plan must have been a typo and they really meant 2 years.
Turns out they meant 5 years after all.
After reading forums you would think we are in a mess and falling apart.
If it really is and always has been a 5 year plan then maybe we really are on course?

 

[Smoothsailing]

Yes 100% we are on course with a great company 2025 is our year
Go brainchip

 

[Frangipani]

At times, our company feels like a giant revolving door…

Not only Chris Jones and Rudy Pei have moved on. In recent months, so have others, who left BrainChip for companies such as Anduril, Axelera AI or Google:

Daniel Keller - Google | LinkedIn

Experience: Google · Education: Portland State University · Location: Laguna Hills · 500+ connections on LinkedIn. View Daniel Keller’s profile on LinkedIn, a professional community of 1 billion members.

www.linkedin.com

Nezar Lheimeur - Axelera AI | LinkedIn

With an innate passion for technology and an insatiable curiosity that has been with me… · Experience: Axelera AI · Education: MINES ParisTech · Location: Paris · 500+ connections on LinkedIn. View Nezar Lheimeur’s profile on LinkedIn, a professional community of 1 billion members.

www.linkedin.com

https://www.linkedin.com/in/rohanshingre/

Others, while presently still with BrainChip, are already eying jobs elsewhere, letting their LinkedIn network as well as recruiters know they are “Open To Work”:

Richard Bohl - BrainChip | LinkedIn

Driven technical manager and individual contributor with proven track record marshalling… · Experience: BrainChip · Education: The University of Texas at Austin · Location: Austin · 500+ connections on LinkedIn. View Richard Bohl’s profile on LinkedIn, a professional community of 1 billion members.

www.linkedin.com

https://www.linkedin.com/in/bajana-sai-chaitanya-varma/

https://www.linkedin.com/in/fares-ernez/

 

[Frangipani]

And then there are also those who have recently joined BrainChip, bringing along their individual talents, skills and interests:

Winston Tang - BrainChip | LinkedIn

Our team at National Taiwan University developed an innovative imaging tool, leveraging… · Experience: BrainChip · Education: University of California, Berkeley · Location: San Francisco Bay Area · 78 connections on LinkedIn. View Winston Tang’s profile on LinkedIn, a professional community of...

www.linkedin.com

https://www.linkedin.com/in/aras-pirbadian-747b535/

 

[TheDrooben]

Newly published patent from Tata involving SNNs analysis of EEG signals

WIPO - Search International and National Patent Collections

Happy as Larry

 

[FJ-215]

I'm expecting see an interview or two with Sean in the next day or so. Usually a given with Stocks Down Under following the AGM.

 

[Jacob Kiraz]

Yes 100% we are on course with a great company 2025 is our year
Go brainchip

No revenue in 25, highly unlikely said by Sean

 

[Smoothsailing]

No revenue in 25, highly unlikely said by Sean

Of course there will all ways be negative spin however annoying they are. On a more positive note announcements coming this year will be satisfactory as they will bring the revenue next year. I am well happy with the progress under Sean’s management

 

[Motty]

No revenue in 25, highly unlikely said by Sean

Hi JK. Not sure he said no revenue. I thought he said no royalties. Happy to be corrected.

 

[manny100]

Of course there will all ways be negative spin however annoying they are. On a more positive note announcements coming this year will be satisfactory as they will bring the revenue next year. I am well happy with the progress under Sean’s management

Oddly enough revenue should be coming in by the end of the 5 year plan.
Seems to be on track.
The full commercialisation ASX ann was Jan'22.

 

[Labsy]

Anduril Industries is actively collaborating with the U.S. government on the development of advanced augmented reality (AR) headsets for military applications.

I wonder if these are the headsets that were being referred to at the AGM?

As mentioned previously, it would be amaze-balls if Anduril and BrainChip were to team up.




Anduril is working on the difficult AI-related task of real-time edge computing

Anduril Menace-T edge computing product · TechCrunch · Image Credits:Anduril
Julie Bort
Tue 6 May 2025 at 6:30 am AEST 3 min read

Anduril announced its ninth acquisition on Monday with the purchase of Dublin’s Klas, makers of ruggedized edge computing equipment for the military and first responders.
Anduril wouldn’t reveal financial details of the deal, and the purchase is subject to regulatory approval, but the company did say that Klas employs 150 people.

Relatedly, on Monday, Anduril also announced a new product called Menace-T.
We’ll give the company points for the interesting product name, especially for a device that’s really just a bundle of compute/network connectivity, rather than, say, a fantasy-style broadsword. (Compare the name Menace to Lockheed Martin’s C2BMC, the name for its Command, Control, Battle Management & Communications products.)
Klas’ flagship product, known as Voyager, is the ruggedized family of compute and networking systems that Anduril had already been using in its other Menace command center products. Voyager had also already been integrated with Anduril’s flagship Lattice software. Lattice brings sensors and AI to devices to perform tasks like object identification.
But while most of us envision a portable command system being the size of a truck — which many are — Menace-T fits into two carry-on cases that can be set up by one person in minutes, the company says. Its goal is to bring edge computing and communications to off-grid and/or inhospitable environments. Anduril says it’s already being used in military ground vehicles and maritime vessels.

One interesting use case for Menace-T is compute/communications support for the military’s Integrated Visual Augmentation System (IVAS) VR headsets. The IVAS project was initially awarded to Microsoft in 2018 after it pitched the idea of developing ruggedized HoloLens headsets for soldiers. The project was awarded an initial $21.9 billion budget.
But after years of technical struggles, Anduril took control of the troubled contract in February — although Microsoft remains a cloud partner.
Lattice had already been added to Microsoft’s IVAS headsets, bringing computer vision AI that helps the headset detect, track, and classify objects.
Now Anduril thinks that the Klas technology that powers its Menace-T product can solve some of IVAS’s other historic problems, like reliable data processing.
With IVAS, “there are scenarios where those soldiers need to communicate with the tactical edge to send data, to receive data, to task autonomous systems, and that's a place where the Klas technology can help,” Tom Keane, SVP of Engineering, said at a press conference. “Klas has already been supplying technology to IVAS for several years in that context. So we expect to do more there.”

Anduril is working on the difficult AI-related task of real-time edge computing

Relatedly, on Monday, Anduril also announced a new product called Menace-T. Klas’ flagship product, known as Voyager, is the ruggedized family of compute and networking systems that Anduril had already been using in its other Menace command center products.

au.finance.yahoo.com

Yeah baby! Yeah!

Anduril Industries is actively collaborating with the U.S. government on the development of advanced augmented reality (AR) headsets for military applications.

I wonder if these are the headsets that were being referred to at the AGM?

As mentioned previously, it would be amaze-balls if Anduril and BrainChip were to team up.




Anduril is working on the difficult AI-related task of real-time edge computing

Anduril Menace-T edge computing product · TechCrunch · Image Credits:Anduril
Julie Bort
Tue 6 May 2025 at 6:30 am AEST 3 min read

Anduril announced its ninth acquisition on Monday with the purchase of Dublin’s Klas, makers of ruggedized edge computing equipment for the military and first responders.
Anduril wouldn’t reveal financial details of the deal, and the purchase is subject to regulatory approval, but the company did say that Klas employs 150 people.

Relatedly, on Monday, Anduril also announced a new product called Menace-T.
We’ll give the company points for the interesting product name, especially for a device that’s really just a bundle of compute/network connectivity, rather than, say, a fantasy-style broadsword. (Compare the name Menace to Lockheed Martin’s C2BMC, the name for its Command, Control, Battle Management & Communications products.)
Klas’ flagship product, known as Voyager, is the ruggedized family of compute and networking systems that Anduril had already been using in its other Menace command center products. Voyager had also already been integrated with Anduril’s flagship Lattice software. Lattice brings sensors and AI to devices to perform tasks like object identification.
But while most of us envision a portable command system being the size of a truck — which many are — Menace-T fits into two carry-on cases that can be set up by one person in minutes, the company says. Its goal is to bring edge computing and communications to off-grid and/or inhospitable environments. Anduril says it’s already being used in military ground vehicles and maritime vessels.

One interesting use case for Menace-T is compute/communications support for the military’s Integrated Visual Augmentation System (IVAS) VR headsets. The IVAS project was initially awarded to Microsoft in 2018 after it pitched the idea of developing ruggedized HoloLens headsets for soldiers. The project was awarded an initial $21.9 billion budget.
But after years of technical struggles, Anduril took control of the troubled contract in February — although Microsoft remains a cloud partner.
Lattice had already been added to Microsoft’s IVAS headsets, bringing computer vision AI that helps the headset detect, track, and classify objects.
Now Anduril thinks that the Klas technology that powers its Menace-T product can solve some of IVAS’s other historic problems, like reliable data processing.
With IVAS, “there are scenarios where those soldiers need to communicate with the tactical edge to send data, to receive data, to task autonomous systems, and that's a place where the Klas technology can help,” Tom Keane, SVP of Engineering, said at a press conference. “Klas has already been supplying technology to IVAS for several years in that context. So we expect to do more there.”

Anduril is working on the difficult AI-related task of real-time edge computing

Relatedly, on Monday, Anduril also announced a new product called Menace-T. Klas’ flagship product, known as Voyager, is the ruggedized family of compute and networking systems that Anduril had already been using in its other Menace command center products.

au.finance.yahoo.com

Yeah baby yeaaah!!!

 

[Food4 thought]

Morning Quiltman,

That was an excellent appraisal, I agree.

I notice that no one appears to have made comment on the excellent presentation that Dr. Johnathan, I thought he was great, he spoke
clearly, is an excellent asset to our engineering team and explained our future runway, finishing with the comment that Akida 3 will see us clear for the next decade (or words to that effect) ...a very precise, easy to follow presentation.

Noting that he has made the commitment to Sean that Akida 3 will be ready during the first quarter of 2026, as they are further down the
design phase than they had originally anticipated, so he has given a clear timeline, which I like.

To say or think that the staff have been cruising is not only very disrespectful but totally false, the entire team at Brainchip have been
digging in and working hard.

For Steve to gain entry to the Board, either someone had to step down or the Board? decided to increase the number to 7, he is well
qualified in my opinion, but the timing wasn't/isn't quite right, regarding the shareholder targeting Peter at the end was a disgrace, knowing Peter he would have been rather embarrassed, some of the comments I have read on this forum regarding this personal attack on our Founder were also disgusting!

Peter was clearly happy to chat with the shareholder privately, which is his right, rather than having his personal comments recorded forever
on the record, Peter has the highest integrity, loves this company, showed great respect in standing up and backing his CEO.

I'll always defend him, such a pity there aren't more humans on this planet with his heart, mind and attitude towards his fellow man.

God bless you Peter

I truly felt embarrassed when that idiot got up and bashed Peter it was piss poor form.

Yes the Dr was the high light for me a great presentation, easy to understand and you can see he is comfortable in front of a crowd.

Sean not so comfortable which I understand as I personally hate public speaking

I wasn’t impressed with our chairman’s performance bit out of place

 

[MDhere]

I'm here! Anything you want me to tell these people?!

 

[Jacob Kiraz]

I truly felt embarrassed when that idiot got up and bashed Peter it was piss poor form.

Yes the Dr was the high light for me a great presentation, easy to understand and you can see he is comfortable in front of a crowd.

Sean not so comfortable which I understand as I personally hate public speaking

I wasn’t impressed with our chairman’s performance bit out of place

Antonio dropped the ball this year,
Looked ruffled and year after year the word Noted but its the same old arrogance,
Next AGM is make or break,
Something real real positive of note whether it's Revenue or more IP's has to be on the table,
If not and I feel it will be positive, it'll be a blood bath

 

[Space Cadet]

I'm here! Anything you want me to tell these people?!

View attachment 83941

I'm here?
Shouldn't it be I'm MDhere?

SC