@TECH I can't see how $0 income at this stage of the company's journey could be considered stable? If we are to judge our CEO as he wishes to be (on results rather than effort) then the 4C numbers need to reflect that. In my view it would be disingenuous of him to claim the technical advances as a signal of his success - these were well underway before he arrived. Sean was hired to head up the commercial growth of the company and if the 4C doesn't show some good progress he will, in my opinion, be guilty of making statements that were, lets say, enthusiastic rather than realistic. I hope that doesn't prove to be the case for all our sakes...............
I agree the technical advances are not a signal of Sean's success in his role as CEO.
It's important to look at where Brainchip was as a company prior to Sean's appointment to fully assess his performance to date.
Prior to Sean coming on, PVDM was our interim CEO during the search for a new CEO which we now know to be Sean Hehir.
I've met Peter multiple times, he's an amazing human, a true innovator and no doubt works himself more than he needs to given his age and financial position, but he's not cut from the CEO cloth and I would hazard a guess probably hated his time in the chair and would have much preferred to be out the back in the shed (or Brainchip Research Institute) tinkering away on our next gen technologies instead of facing up for a stocks down under presentation.
I don't think it would be too much of a stretch to say there was only one-hand on the steering wheel while Peter was temporarily driving the bus, and you know what, that's probably fair. The fact is prior to Sean and given the stage that the company was at, Peter's role as CTO was the most important role at the company at that time. During Peter's interim tenure as CEO, NVISO's driver monitoring system would have been flashing red and beeping at the detection of an unalert driver because Peter simply had more important things to do day-to-day.
Fast forward to Sean's appointment as CEO, 9 months or so after the search began. Peter takes his one hand off the wheel and gets to walk down the aisle to the back of the bus where he takes a seat next to the cortical column he had been heavily working on 9 months prior but has had limited time to tinker with of late due to his increased responsibility as interim CEO. He picks up the cortical column and looks at it intently, his eyes begin to shine and a large smile crosses his face.
Sean climbs the steps of the bus, looks around, gives a wave to those on the bus and then sits down in the warm seat left behind by Peter. Sean pulls a pair of aviators out of his jacket pocket and puts them on before then placing two hands on the steering wheel and gently steering the bus back into the centre of the lane.
15 November 2021 - the commercialisation bus is now back on track. See announcement below regarding Sean's appointment, key focus areas and what he brings to the table.
https://brainchip.com/sean-hehir-as-new-chief-executive-officer/
Aliso Viejo, Calif. – 15 November 2021 –
BrainChip Holdings Ltd (ASX: BRN), (OTCQX: BCHPY), a leading provider of ultra-low power, high performance artificial intelligence technology and the world’s first commercial producer of neuromorphic AI chips, today announced it has appointed Sean Hehir, a proven technology executive with significant experience in driving explosive revenue growth for the world’s largest technology organizations, as Chief Executive Officer. He will guide the company towards full commercialization of its Akida™ neuromorphic computing platforms out of the new North American offices in Laguna Hills, California.
Mr. Hehir’s track record of organizational development, strategic alliances, and go-to-market programs have driven revenue growth for large technology organizations, including HP, Compaq, and Fusion-io. As a relationship-builder, he has executed programs and partnerships with companies such as Microsoft, Intel, AMD, Oracle, Cisco, SAP, and Accenture. He currently serves as a board member of the Silicon Valley Executive Network and holds a bachelor’s in business from the University of Massachusetts at Amherst plus an MBA from Georgia State University.
“I’m excited to join BrainChip at this pivotal time in their history. It is a time when the company is heavily invested in working with partners that will benefit from AI at the edge. I believe my experience in building strong relationships with top-tier global clients will prove beneficial to BrainChip as they enter this next phase of growth,” said Mr. Hehir. “Preparing for the broad commercial launch of Akida silicon and intellectual property will be my top priority, so BrainChip can begin its transformation from a company developing groundbreaking AI technology to a company supplying cutting-edge markets like automotive, transportation, consumer, aerospace, medical, and industrial IoT with the best AI technology available.”
Since Sean's appointment, the following developments have been made which I believe DO signal Sean's performance (or lack there of) in his role as CEO (hopefully I haven't missed anything).
- Complete company and website rebranding exercise undertaken within weeks of Sean's appointment as CEO (prior to the rebranding you may recall Brainchip had an Exxon Mobil-like PR disaster with the now infamous table cloth saga.
- 9th March 2022 - BrainChip Continues Expansion with Sales Partnerships in New Geographic Markets
- 5th April 2022 - BrainChip and SiFive Partner to Deploy AI/ML Technology at the Edge
- 20th April 2022 - BrainChip and NVISO Partner on Human Behavioral Analytics in Automotive and Edge AI Devices
- 11th May 2022 - BrainChip Launches AI Enablement Program
- 16th May 2022 - BrainChip and Edge Impulse Partner to Accelerate AI/ML Deployments
- 23rd May 2022 - BrainChip Joins Arm AI Partner Program
- 26th May 2022 - MegaChips Forms Strategic Partnership with BrainChip
- 20th June 2022 - BrainChip Partners with Prophesee Optimizing Computer Vision AI Performance and Efficiency
- 17th August 2022 - BrainChip Empowers Next Generation of Technology Innovators with Launch of the University AI Accelerator Program
- 23rd November 2022 - BrainChip Adds Rochester Institute of Technology to its University AI Accelerator Program
- 12th December 2022 - BrainChip Joins Intel Foundry Services to Advance Neuromorphic AI at the Edge
- 3rd January 2023 - Edge Impulse and BrainChip Partner to Further AI Development with Support for the Akida platform
- 6th February 2023 - BrainChip Partners with AI Labs on Next-Generation Application Development
- 27th February 2023 - BrainChip Partners with emotion3D to Improve Driver Safety and User Experience
- 2nd March 2023 - BrainChip Expands Its Ecosystem with Teksun to Bring the Akida Processor to Next-Generation AIoT Devices
- 11th April 2023 - BrainChip and Blue Ridge Envisioneering Collaborate on Next- Generation Tactical Edge Devices
I'm aware a lot of the above would have been a team effort including the likes of Rob Telson and Chris Stevens, but Sean's top priority upon appointment was to [rephrased] "prepare for the broad commercial launch of Akida silicon and intellectual property".
In addition to the above, I wonder how many of the podcasts guests that have come on since Sean's appointment have come from his strong network of top-tier global companies. Jean-Luc Chatelain (Accenture's [$183B company] Managing Director and Global Chief Technology Officer of Accenture Applied Intelligence) being at least one of them.
Long gone are the days where Brainchip turns up to CES with an unironed table cloth. The company has taken significant steps forward in its commercialisation efforts since the appointment of Sean.
Sean can't make the technology hit the market quicker, he relies on Anil, Peter and the rest of the team to get it to our customers to test. Timing of commercial deals is then out of everyones hands. I'm sure we're not far off deals landing, it is and has always been a matter of time and I believe that time is getting closer.
What Sean can do is get the company positioned well from a partnership and ecosystem perspective, to ensure smooth and fast uptake of our technology market wide in an ubiquitous manner. The above developments, in my opinion, confirm Sean has done a great job of positioning Brainchip in this regard.
There's more work to be done no doubt, but in my mind, Sean is doing a great job, irrespective of the share price, which will do what it'll do.
Cheers
SERA2g