Iām going to follow the example of a few others and leave the forum. Hereās what I would say if someone asked me what's the go BRN:
They are a small tech company aiming to introduce SNNās to the market. Their technology is well timed and well positioned for the emerging edge market. The company operates on an IP based sales business model.
They launched the original version (1.0), which initially gained traction through license sales to Megachip and Renesas, as well as a joint development agreement (JDA) with Valeo. A batch of chips was produced, and the stock even rose above $2 when Mercedes announced its use in their new experimental prototype car. However, progress eventually stalled, and the company stated that the offering was too narrow and that good enough existing alternatives, made customers reluctant. Currently, neither Megachip nor Renesas have advanced 1.0 to productisation, so royalty revenue has not flowed. The CEO notes that there is still ongoing engagement for version 1.0.
The company continued to develop what they called the AKIDA1500. In August 2023, they received a shipment of AKD1500 chips in silicon from GlobalFoundries, utilising the latest SOI tech. These chips were distributed to customers as reference boards.
About a year later, they announced the early access availability of their second-generation AKIDA 2.0. They decided not to produce in silicon at this stage, although this could change in the future. Although there have been no commercial sales yet, the company continues state there is engagement actively and is still involved in evaluations with serious companies that have productisation deadlines.
Throughout the process, there have been numerous partnerships and the development of an ecosystem. Left over chips from the 1.0 chip run, have gone into edge boxes, to get SNN technology out there.
TENN is another technology the company plans to commercialise in the future. They are currently aggressively promoting it to build market awareness and funds raised from the latest CR will be directed toward its further development. As confirmed in our last price-sensitive announcement the SPP and the recent investor podcast, the CEO explained that theyāre only now reaching the stage where they can offer the algorithm and are still building the pre-trained models, with ongoing development underway and future commercialisation to come.
BRN does not provide detailed updates or roadmaps on its commercialisation efforts, which requires investors to have a significant amount of faith. In the absence of company supplied information, investors have turned to two different forums for insights. On both forums, individuals who must spend over 20 hours a week posting have become so emotionally invested or financially trapped in the stock, so they aggressively counter any dissenting views, regardless of how absurd or misleading their claims may be. For instance, recent posts have suggested that TENNās over-the-air software updates with Mercedes and Valeo are imminent, based on the use of the term "neural network" in LinkedIn posts and claimed that we have a product lineup with 14 offerings.
If you're interested in BRN, DYOR. Understand our current commercial offerings: AKIDA 1.0, AKIDA 1500, and AKIDA 2.0 IP, as well as our revenue model, including IP licensing and royalties. Examine the cash burn rate, cash runway, current revenue and the time likely needed to achieve profitability through IP sales and royalties. We are at a critical juncture.
www.linkedin.com
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another old expression money talks bullshit walks. People need to stop playing the man and play the ball. Ha Iām on fire tonight. Fingers crossed for positive announcement tomorrow. Or next week. Or next month. Maybe before the end of the year.
Bingo! So at the time the podcast with Elisa Donati was recorded, Sunny Bains was planning to meet up with our CTO before or after NICE 2024, which means sometime next week! Letās keep our fingers crossed that this prospective visit of hers will work out and lead to an intriguing podcast episodeā¦
on LinkedIn.
