Just a little reminder of comments made at the 2025 AGM
C'mon BRN time is ticking away
.....Give us a
BIGGY! !
In AGM’s past, we have avoided using the “pivot” word. Sometimes that word carries the wrong connotation. So, being conservative, we avoided using it. But there is a reality to accept – it was quite clear when I first got here, let alone Sean, that an overhaul was needed. When I arrived, Brainchip had solid fundamental technology, but, via some bad decisions, non-ideal leadership, tough luck and bad timing, whatever, the product roadmap and product robustness just wasn’t there. The Company tried with all its might to push and position what we had, but we just didn’t have the complete set needed for success. Today, I can firmly say, the Company is in its best position ever.
The Company has closed more engagements in the past 5months, than it ever has. Our confidence is such that you are seeing us make strong commitments with respect to bookings expectations. And yes, you are seeing us make noise about possible redomiciling. Our bullishness is starting to show. The Company must now look forward and drive forward, we can’t and shouldn’t look backwards in any form.
Closing Remarks:In the rapidly evolving Edge AI market, the transformation over the past few years has been extraordinary. What began as a space with simple solutions implemented by a few players has become a dynamic industry demanding complex, high-performance solutions across numerous sectors.
As Dr Tapson and I have outlined, we have taken deliberate and decisive steps to position BrainChip as a leader in this evolving environment. The work we have done, and continue to do, is strengthening the foundation for us to thrive amid these industry changes.
Make no mistake: 2025 is the most pivotal year in our company’s history. The entire BrainChip team is operating with a sense of urgency, keenly aware of the importance of securing more, and higher value, wins this year.
We are beginning to see the fruits of our labour with critical commercial successes, key collaborations, and a promising pipeline. Our progress is a testament to the soundness of our strategy and our unwavering commitment to generating sustainable, meaningful revenue streams.Lastly, as we look to the future, I firmly believe the industry will consolidate to a handful of leading-E dge AI providers, including BrainChip.
Each commercial win, and each product innovation strengthens our position and brings us closer to this vision.We are resolutely focused on achieving this vision. Thank you for your continued support and trust in our mission. Now, let me turn the meeting back to the Chairman.
Expanding Our Patent PortfolioInnovation and intellectual property remain at the heart of our strategy. Over the past year, we filed 16 additional patent applications, bringing our total portfolio to an impressive 54 patents—all while reducing filing costs by 30%. This achievement reflects
streamlined, Edge-ready models. This evolution is reshaping possibilities, enabling businesses to capitalise on the power of AI while overcoming constraints.In parallel, awareness and recognition of State-Space Models (SSMs), a core strength of BrainChip’s with our TENNs technology, have significantly grown.
Industry leaders such as NVIDIA and Tencent have demonstrated their commitment to SSMs with notable advancements. Examples are NVIDIA’s endorsement of SSMs and Tencent’s release of Hunyuan-11, an enterprise scale LLM.
These developments validate the compelling advantages of SSMs over traditional Transformer models, particularly for Generative AI on the Edge. We are confident that SSMs will become the preferred model type in this dynamic domain.Establishing leadership in SSMs for Edge applications is fundamental to BrainChip’s vision.
By harnessing this transformative technology, we are poised to redefine possibilities and cement our position as trailblazers in Edge AI innovation.
Cheers all ....Enjoy your Sunday
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