BRN Discussion Ongoing

[7für7]

GO KEViNm GO KEVIN

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[Earlyrelease]

On a more positive note.

Kevin D. JohnsonKevin • FollowingVerified • Following Field CTO – HPC, AI, LLM & Quantum Computing | Principal HPC Cloud Technical Specialist at IBM | Symphony • GPFS • LSFField CTO – HPC, AI, LLM & Quantum Computing | Principal HPC Cloud Technical Specialist at IBM | Symphony • GPFS • LSF 4m • 4 minutes ago • Visible to anyone on or off LinkedIn

Busy with lots of client meetings this week. I've also been spending just a bit more time writing long form articles which I'll be publishing soon, including one tomorrow for the weekend. Oh, and my PhD work is moving forward. Once I return to the States, the demo parade will continue. Multiple Akida+Symphony on tap, IBM i, the prediction market Symphony demo is almost there also. We are going to start March off with a bang!

Whitehorse.

Reading Kevin's to do list for the rest of his week, almost mirrors my transition to retirement schedule in its volume and intensity..

Just got up from my nanna nap, read the Letter to Shareholders and 4E, was almost exhausted after that, so needed a cuppa. Then got stuck into the Annual report and was disappointed I wasnt in the top 20, turns out you need to buy a shitload of shares to get there as they dont hand them out unless you work from Brainchip..

Then watered the lawn. Realised that I better conserve my energy for tommorows Friday lunch, which obviously restricts my nanna nap capacity as I will also have to get up early to see the market respond to this report.

Yip and like Kevin- March looks like a cracker- share price about the burst the ceiling, anticipate posting bus emoji's on TSE and spending my days palming $100 notes off a wad of cash in my hand to my two labradores, whom no doubt will eat a fair few before they realize they are plastic.

Jeez, think I may need to seek some tips from Kevin, on how he manages his schedule, as I am obviously lacking.

 

[Fullmoonfever]

Whitehorse.

Reading Kevin's to do list for the rest of his week, almost mirrors my transition to retirement schedule in its volume and intensity..

Just got up from my nanna nap, read the Letter to Shareholders and 4E, was almost exhausted after that, so needed a cuppa. Then got stuck into the Annual report and was disappointed I wasnt in the top 20, turns out you need to buy a shitload of shares to get there as they dont hand them out unless you work from Brainchip..

Then watered the lawn. Realised that I better conserve my energy for tommorows Friday lunch, which obviously restricts my nanna nap capacity as I will also have to get up early to see the market respond to this report.

Yip and like Kevin- March looks like a cracker- share price about the burst the ceiling, anticipate posting bus emoji's on TSE and spending my days palming $100 notes off a wad of cash in my hand to my two labradores, whom no doubt will eat a fair few before they realize they are plastic.

Jeez, think I may need to seek some tips from Kevin, on how he manages his schedule, as I am obviously lacking.

Just turn the Nana nap into a 6 mth hibernation. No schedule to worry about, no BC to worry about and then see what it all looks like when you wake up sleepy, hungry and grumpy.

That mood will either fit the real world you wake up to and the nightmare continues or the real world may surprise and all that will be but a dream

 

[The Pope]

Hi all,
The annual report, share holder letter etc and is disappointing to say the least. A positive was Sean didn’t get any of his $9m booking bonus for achieving no $$$$. Hopefully there is some very positive news before AGM 2026 with Sean saying a few months ago “watch us now”.

After last years AGM 2025 and the BS coming out of the mouth from one of the BOD’s and said they will fall onto the sword if wrong. Well, I will be voting that one BOD to not be on the board post AGM 2026. I have had enough for now and hopefully if successful, it will set an example to others on the BOD. I don’t want mass change in the BOD as that would cause too much disruption but one change for now should suffice.

The runway keeps getting longer and longer and it’s very hard to believe a number of statements coming out from the CEO and BDO. Looking forward to chatting to them about it at the AGM 2026.

Might see some of you at the AGM this year.

Note - if by chance anyone from BOD is reading this and wish to reach out then direct message me linked to my comments above. Probably more chance of Elon calling me to introduce himself.

Cheers
The Pope

 

[Galaxycar]

Hi all,
The annual report, share holder letter etc and is disappointing to say the least. A positive was Sean didn’t get any of his $9m booking bonus for achieving no $$$$. Hopefully there is some very positive news before AGM 2026 with Sean saying a few months ago “watch us now”.

After last years AGM 2025 and the BS coming out of the mouth from one of the BOD’s and said they will fall onto the sword if wrong. Well, I will be voting that one BOD to not be on the board post AGM 2026. I have had enough for now and hopefully if successful, it will set an example to others on the BOD. I don’t want mass change in the BOD as that would cause too much disruption but one change for now should suffice.

The runway keeps getting longer and longer and it’s very hard to believe a number of statements coming out from the CEO and BDO. Looking forward to chatting to them about it at the AGM 2026.

Might see some of you at the AGM this year.

Note - if by chance anyone from BOD is reading this and wish to reach out then direct message me linked to my comments above. Probably more chance of Elon calling me to introduce himself.

Cheers
The Pope

Oh how I have waited for this day for the last two years POPE and your idiot mate POM have mocked me, Well who has been 100% correct. Me! That’s who, 0% 0% 0% of Hehir performance bonus where’s your 9 million in bookings now. . I knew when the IBM Crap started getting posted it was gunna be bad, every year just before leading up to the AGM a company or imaginary product just like Nintendo dream is leaked. Last week in the lead up to today’s absolutely woeful announcements it happened again. Finally POPE you have seen the light it’s all been bullshit,a con, a sham! PDVM be a man instead of a enabler don’t vote at the AGM, Let your shareholders have their say.Your absolute pitiful letter to shareholders today just shows how dilusional you are.
Pom AND 7FUR7 I truly hope you help vote ANTONIO out. He deserves it. INCOMPETENT.
What I don’t understand is the misleading crap they have spieled to use shareholders, JUST imagine what they have been selling to the professional investors in the capital raises, It must have been a doozy bullshit show they have put on for them they to have lost millions in the last year or two. WATCH US NOW!!!

 

[7für7]

Now everyone wishes, Sean would get his bonus because this would mean, he would have reached the target LoL

 

[Earlyrelease]

The Annual report only confirms what I raised last month re our impending removal from the AsX 300. Hopefully those large institutional holders that need to rebalance their accounts have already started swapping stocks, however I still think we have a period of instability before we get to the AGM where hopefully we have some better news and hopefully some “bookings” in the lead up to that.

Still haven’t sold a share but now looking at averaging down a bit.

As our number one fan boy PR poster boy IBM Kevin has shown there is lots and lots of opportunities which we just need to have the market identify and then implement.

 

[Cgc516]

After reading this annual report, I personally don’t see anything unusual.
As genuine long-term holders, we have walked this journey together since the first day of 2025. We have reviewed every quarterly report along the way. Is there any financial information that was not already disclosed to us?
I believe the disappointment some people feel comes more from unrealistic expectations than from the actual results.
The market does not always move at our desired pace. Accepting reality is far more constructive than reacting emotionally.
I still choose to trust Peter and the direction of the management team. Building a company takes time — and patience.
Let’s give them the time they need.
I truly believe things will improve.

 

[LongTermInvestor]

My family holds over 2 million shares across various accounts, which I estimate places us roughly within the top 60 shareholders.

I understand that technology adoption takes time, so I do not place all the blame on CEO Sean. These things rarely happen overnight, especially when companies are transitioning to an entirely new architecture such as neuromorphic computing.

On remuneration, I voted against it last year and intend to do the same this year. Long term shareholders have been patient while waiting for meaningful returns. Senior management should absolutely receive a competitive base salary aligned with market rates, otherwise we risk losing key talent. However, performance incentives must be tied to clear and measurable targets. No target, no bonus. In particular, securing a Tier 1 IP licence should be treated as a priority and directly linked to performance outcomes.

Regarding last year’s AGM, to be honest, I was disappointed with Chairman Antonia. As chairman, he should know the company’s key details inside out. Not being across something as fundamental as the domicile details was concerning. Based on that, I would consider voting him out if the opportunity arises.

As for Sean, I remain somewhat undecided and will reassess closer to the AGM depending on developments. We still have approx. 2.5 months until AGM and a lot can happen between now and then! At this stage, I am inclined to retain Sean, as I do not want to disrupt or slow down the commercialisation strategy.

Overall, I still believe strongly in the company, especially in neuromorphic edge AI. I genuinely think the inflection point could be approaching.
I must say that IBM's Field CTO (Kevin D. Johnston) did an amazing job demonstrating the use cases of Brainchip Akida!

I have accumulated a significant number of additional shares over the past few months and will continue adding if progress remains on track.
I am also hoping to break into the top 50 shareholders eventually.

Go hard, BrainChip! I truly believe we are getting closer and closer to the finish line. Let’s make this the run that forces the short sellers to rethink their positions.

 

[jrp173]

After reading this annual report, I personally don’t see anything unusual.
As genuine long-term holders, we have walked this journey together since the first day of 2025. We have reviewed every quarterly report along the way. Is there any financial information that was not already disclosed to us?
I believe the disappointment some people feel comes more from unrealistic expectations than from the actual results.
The market does not always move at our desired pace. Accepting reality is far more constructive than reacting emotionally.
I still choose to trust Peter and the direction of the management team. Building a company takes time — and patience.
Let’s give them the time they need.
I truly believe things will improve.

I don't understand how after reading the AR, you don't see anything unusual.

Don't you think it's unusual that the CEO achieve 0% of his goal for the last year? He's also not the only person in Sales we have a VP of Sales... so no flags raised?

As for the disappointment, shareholder's didn't set the $9M target in bookings, the company did. That expectation was sent by them, so how could shareholders not be disappointed?

I'm amazed at the "nothing to see here, "carry on" attitude, as thought things are going swimmingly well.

 

[LongTermInvestor]

I don't understand how after reading the AR, you don't see anything unusual.

Don't you think it's unusual that the CEO achieve 0% of his goal for the last year? He's also not the only person in Sales we have a VP of Sales... so no flags raised?

As for the disappointment, shareholder's didn't set the $9M target in bookings, the company did. That expectation was sent by them, so how could shareholders not be disappointed?

I'm amazed at the "nothing to see here, "carry on" attitude, as thought things are going swimmingly well.

It depends how the KPI is structured.

It could be binary, basically 0% or 100%. If the hurdle wasn’t fully met, it records as 0% even if meaningful bookings were achieved.

For example, if the target was $9M and $8M was delivered, that could still show as 0% under an all-or-nothing structure. So 0% doesn’t necessarily mean zero bookings.

 

[Rach2512]

Couldn't make it to our Akida Pico Webinar? Catch Kurt Manninen and Ritik Shrivastava walking you through what's next for ultra-low power edge AI 👇 https://bit.ly/4rfq2zX | BrainChip

Couldn't make it to our Akida Pico Webinar? Catch Kurt Manninen and Ritik Shrivastava walking you through what's next for ultra-low power edge AI 👇 https://bit.ly/4rfq2zX

www.linkedin.com

 

[Xray1]

I hope the Co and Peter don't see this " Letter to Shareholders " that was signed by Peter and the Chairman as a reason for Peter V D M not having to attend or to front up at the next AGM and face s/holders face to face. I hope that he attends of his own free will.

IMO ......Now that Peter has signed the Letter to Shareholders and it now forms an official Co document / ASX announcement, then I think he should personally attend the next upcoming AGM, so that he can personally deliver and comment upon same and take questions from s/holders, thus giving some further substance to same and s/holders in a more meaningful way rather than just an open letter to shareholders included in the bunble of ASX announcements submitted so as to take imo some of the attention / sting away from the Co's current financial and management predicaments.

Like always DYOR & DD

 

[Diogenese]

A useful discussion of the development of NNs including a potted history of the neuron from 6 minutes

Annual report is out, at least we now know that Sean did not meet his booking target which seemed obvious to the market already.

CEO Short Term Incentive Outcome: While the team achieved several critical operational and technical milestones - including progress on our Generation 3 specifications and TENNs Cookbook - the Company fell short of its primary commercial Bookings target. Although Mr Sean Hehir as CEO was eligible for a Short Term Incentive (STI) of up to 100% of his base salary, no STI was awarded in 2025 because the specific "Bookings" target of $9M was not met. Consequently, Mr Hehir received 0% of his target STI award for 2025.

I guess when you're counting chickens you should leave out the ones still in the shell.

Here's an interesting item from the report:

We were very tight with Edge Impulse on model development. I wonder if the takeover of Edge Impulse by Qualcomm had anything to do with this.

Qualcomm to Bolster AI and IoT Capabilities with Edge Impulse Acquisition | Qualcomm

 

[Frangipani]

Well, BrainChip may not yet have gone public about said sponsored drone competition, but hey, no one should underestimate the sleuthing skills of us TSE forum members…
(Unfortunately those investigative skills do not extend to predictions as to when we will finally see meaningful revenue and the BRN share price sustainably heading North…)

Should anyone be keen to find out more about the Raytheon Autonomous Vehicle Competition (AVC) prior to the public reveal by our company (at least I believe that is the contest our CMO was alluding to), let me refer you to two posts of mine I wrote last month:





I happened to find further info about the 2025/26 AVC earlier today, this time on the LinkedIn page of the Department of Electrical and Computer Engineering at The University of Texas at Dallas:

Congratulations to the 1st Place winners of the 2025 Fall UTDesign EXPO UT DESIGN I: Raytheon Autonomous Vehicle Competition John Didimos Hannah Madsen Syed Muhammad Shaheer Akhtar Dineshman… | Department of Electrical & Computer Engineering

Congratulations to the 1st Place winners of the 2025 Fall UTDesign EXPO UT DESIGN I: Raytheon Autonomous Vehicle Competition John Didimos Hannah Madsen Syed Muhammad Shaheer Akhtar Dineshman Bajracharya Aadesh Senthilkumar Jassiel Lorea Riley Mckinney Love Bhusal Neil Patel Tu Dao UT DESIGN...

www.linkedin.com

View attachment 93787

View attachment 93788

View attachment 93789


The UTD students’ corporate mentors from RTX are Marta Tatu, Data Scientist at Raytheon and Trey Williams, Technical Fellow, Software Engineering at Raytheon - they can be seen standing on the right in the following picture taken at the ECE UTDesign EXPO on 12 December:

2025 Fall UTDesign EXPO

Explore this photo album by UTD ECE on Flickr!

www.flickr.com

View attachment 93790

https://www.linkedin.com/in/marta-tatu-8114b24/

Trey Williams - Raytheon | LinkedIn

Experience: Raytheon · Location: Plano · 382 connections on LinkedIn. View Trey Williams’ profile on LinkedIn, a professional community of 1 billion members.

www.linkedin.com

The Eye on AI podcast with Steve Brightfield suggests that all competing uni teams were equipped with Akida hardware for the 2025/26 round of the AVC.
According to Aneesh Thakkar in my post tagged above, they were given AKD1000 M.2 Boards, which makes sense given that the UTD students’ poster mentions they also used a Raspberry Pi 5 with M2 HAT.




FYI: Craig S. Smith was referring to his Oura smart ring, a health tracking wearable by Finnish health technology company Oura Health Oy, founded in 2013.

Explore the Benefits of Oura: Smart Rings for Wellness

Learn why Oura Rings are essential: Advanced technology precisely tracks health metrics, sleep patterns, and stress management for better daily well-being.

ouraring.com

The US Department of Defense / DOD (or as the Trump Administration now loves to call it, the Department of War / DOW) is actually Oura’s largest enterprise customer.

Earlier this year, an announcement about this partnership (which already commenced in 2019) and rumours about consumer data shared with Palantir (co-founded by tech billionaire Peter Thiel, who is one of Donald Trump’s longtime backers) sparked a backlash on social media - more and more users started voicing privacy concerns regarding their biometric data or expressed a general unhappiness with Oura’s connections to the military and/or the Trump Administration.

Read here, why “Oura’s Partnership with the Pentagon Is Ringing Alarm Bells for Customers” and how the company responded to the accusations:

The Frightening Reason Some Women Are Ditching Their Oura Rings

“It’s not paranoid to be concerned about your data. It’s justified.”

slate.com

On-device Edge AI to the rescue!

Here’s the public confirmation:

Shaping the Future of Edge AI in 2026

View attachment 94182



Riley Mckinney is a fresh Computer Science graduate and member of the University of Texas at Dallas (UTD) team that won 1st place in the intramural UTDesign Expo (Fall 2025) for their autonomous UAV/UGV navigation system, developed to compete in the Raytheon Autonomous Vehicle Competition (AVC) 2025/2026 dubbed “Operation Touchdown”.

On his LinkedIn page, he details his contributions to the project, in which he and his teammates used Akida for a computer vision obstacle-detection module:

“Created an Akida-based obstacle detection module (MobileNetV1 on neuromorphic hardware) with dual simulation/hardware modes, supporting live camera input and real-time inference on the Raspberry Pi.”


View attachment 94178

View attachment 94180
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https://www.linkedin.com/in/riley-mckinney/details/projects/

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https://www.businesswire.com/news/home/20260226502625/en/BrainChip-Named-Official-Technology-Sponsor-for-Raytheons-Operation-Touchdown-Autonomous-Vehicle-Competition

Feb 26, 2026 9:00 AM Eastern Standard Time

BrainChip Named Official Technology Sponsor for Raytheon’s “Operation Touchdown” Autonomous Vehicle Competition​

---

Sponsorship provides university teams with low-power AKD1000 neuromorphic AI hardware to solve complex collaborative UAV/UGV challenges

LAGUNA HILLS, Calif.--(BUSINESS WIRE)--BrainChip Holdings Ltd. (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low-power, fully digital, event-based neuromorphic AI, today announced its role as the official Technology Sponsor for the 2025-2026 Raytheon Autonomous Vehicle Competition (AVC).

“This competition represents the future of autonomous systems—where power-constrained devices must make intelligent decisions in real-time,” Sean Hehir, CEO of BrainChip.

The Raytheon AVC, themed “Operation Touchdown,” challenges undergraduate engineering teams from across four United States-based regions—South, Puerto Rico, West Coast, and East Coast—to design and integrate a collaborative system of systems involving at least one Unmanned Aerial Vehicle (UAV) and one Unmanned Ground Vehicle (UGV). Teams must demonstrate fully autonomous navigation, target identification, and collaborative behaviors, including the signature challenge of autonomously landing a UAV on a moving UGV.

As the competition's core technology provider, BrainChip is requiring participating teams to integrate its advanced neuromorphic semiconductor technology into their systems. Teams will have exclusive access to the Akida™ AKD1000, a low-power Edge AI acceleration processor built on the Akida 1.0 neural network inference processor.

“Supporting STEM education and fostering innovation is at the core of BrainChip’s mission,” said Sean Hehir, CEO of BrainChip. “This competition represents the future of autonomous systems—where power-constrained devices must make intelligent decisions in real-time. We are proud to see our Akida technology driving the cognitive capabilities of the UAVs and UGVs in this year’s challenge.”

To ensure student success, BrainChip is providing the AKD1000 hardware at cost, delivering neuromorphic boards to each university competition team. Furthermore, BrainChip is committing up to 40 hours of virtual engineering support per competition, along with recorded webinars and integration guides, to assist teams in mastering on-chip learning and real-time adaptation to field conditions.

“The Raytheon Autonomous Vehicle Competition is designed to push the boundaries of what university students can achieve in autonomous systems,” said Jesse Lee, Raytheon Autonomous Vehicle Competition Lead. “By incorporating BrainChip’s neuromorphic processors, we are equipping the next generation of engineers with the cutting-edge AI capabilities required to solve real-world defense and disaster response challenges.”

The contest’s United States-based locations and dates:

• South: The University of Texas at Arlington, Texas, April 16-17
• East: George Mason University, Washington, D.C., April 22-24
• West: Santa Barbara City College, California, June 5-6
• Puerto Rico: TBD

About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY):
BrainChip is the worldwide leader in Edge AI on-chip processing and learning. The company’s first-to-market, fully digital, event-based AI processor, Akida™, uses neuromorphic principles to mimic the human brain, analyzing only essential sensor inputs with unmatched efficiency and energy economy. Explore more at www.brainchip.com.

About Raytheon:
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies, and partners defend their national sovereignty. For more than 100 years, Raytheon has developed new technologies in integrated air and missile defense, advanced sensors, and autonomous systems.

Contacts​

Media Contact:
Madeline Coe
prforbrainchip@bospar.com
224-433-9056
Investor Contact:
Trevor Franz
ir@brainchip.com

---

---

Do they really mean “at cost” rather than “at no cost”?

“To ensure student success, BrainChip is providing the AKD1000 hardware at cost, delivering neuromorphic boards to each university competition team.”

 

[Diogenese]

Apparently I signed up for Frontgrade newsletter. Nothing to report, but it did prompt me to have a look back at the agreement.

They are licensing 8 nodes (32 NPU/NPE) per processor, when the max is 64 (or 128), so they have found that 32 NPUs are sufficient for their needs. which provides 1 TOP @ 5 GHz. The fact that 1/8th of Akida 1 meets their needs shows how powerful Akida is, in that they are investing in producing a SoC. I think it is unlikely they would skimp on the number of nodes when developing an entire SoC. And, of course, if time is not critical, there is Akida's ability to reuse NPUs once the spike wave has passed.

So I see the choice of 8 nodes as illustrative of Akida's processing power and versatility.

 

[Diogenese]

Apparently I signed up for Frontgrade newsletter. Nothing to report, but it did prompt me to have a look back at the agreement.

They are licensing 8 nodes (32 NPU/NPE) per processor, when the max is 64 (or 128), so they have found that 32 NPUs are sufficient for their needs. which provides 1 TOP @ 5 GHz. The fact that 1/8th of Akida 1 meets their needs shows how powerful Akida is, in that they are investing in producing a SoC. I think it is unlikely they would skimp on the number of nodes when developing an entire SoC. And, of course, if time is not critical, there is Akida's ability to reuse NPUs once the spike wave has passed.

So I see the choice of 8 nodes as illustrative of Akida's processing power and versatility.

Ok, so here's a surprise (to me at least) - Akida 1500 has 9 nodes.

AKD1500-Datasheet-1.2.pdf

Page 26

The Akida Neural Fabric is self-contained and managed by a runtime library that can run on a host processor.

Groups of four Neural Processing Units are organized in a node. A mesh network transports spike packets and configuration data between the nodes. An AKD1500 Chip provides a 3 row x 3 column mesh.

One of the reasons for going IP only was the problem of inventory, how many chips with 64 nodes, 32 nodes, 16 nodes, 8 nodes, 4 modes, 2 nodes, 1 node, ...?

It also means the company is confident that 9 nodes can handle all the expected customer tasks, keeping in mind the NPU reuse capability.

Well I guess that that means there are about 7 times more chips per wafer than a 64 node chip.

 

[Diogenese]

Ok, so here's a surprise (to me at least) - Akida 1500 has 9 nodes.

AKD1500-Datasheet-1.2.pdf

Page 26

The Akida Neural Fabric is self-contained and managed by a runtime library that can run on a host processor.

View attachment 95460

Groups of four Neural Processing Units are organized in a node. A mesh network transports spike packets and configuration data between the nodes. An AKD1500 Chip provides a 3 row x 3 column mesh.

One of the reasons for going IP only was the problem of inventory, how many chips with 64 nodes, 32 nodes, 16 nodes, 8 nodes, 4 modes, 2 nodes, 1 node, ...?

It also means the company is confident that 9 nodes can handle all the expected customer tasks, keeping in mind the NPU reuse capability.

Well I guess that that means there are about 7 times more chips per wafer than a 64 node chip.

... and while we're here, this NPU diagram shows the 1-to-many packet switching box which sends the output spike to a number of downstream NPUs:

The packet address header may include about 30 bits to deliver 4 bits of information, so that's ~30 times the number of connected NPUs in bits for addressing. Each of the "many" packets is sent sequentially so the time taken to send the packet is multiplied. That is why Akida 3 is changing to solid state switching comms mesh instead of a packet switched comms mesh. This will save time and power. The number and location of the addressed NPUs is set during set up configuration by the coprocessor (using MetaTF).

Akida 3 will blow the competition away.

 

[Pom down under]

Hi all,
The annual report, share holder letter etc and is disappointing to say the least. A positive was Sean didn’t get any of his $9m booking bonus for achieving no $$$$. Hopefully there is some very positive news before AGM 2026 with Sean saying a few months ago “watch us now”.

After last years AGM 2025 and the BS coming out of the mouth from one of the BOD’s and said they will fall onto the sword if wrong. Well, I will be voting that one BOD to not be on the board post AGM 2026. I have had enough for now and hopefully if successful, it will set an example to others on the BOD. I don’t want mass change in the BOD as that would cause too much disruption but one change for now should suffice.

The runway keeps getting longer and longer and it’s very hard to believe a number of statements coming out from the CEO and BDO. Looking forward to chatting to them about it at the AGM 2026.

Might see some of you at the AGM this year.

Note - if by chance anyone from BOD is reading this and wish to reach out then direct message me linked to my comments above. Probably more chance of Elon calling me to introduce himself.

Cheers
The Pope

Will anyone be recording the live online AGM this year?

 

[Pom down under]

https://www.businesswire.com/news/home/20260226502625/en/BrainChip-Named-Official-Technology-Sponsor-for-Raytheons-Operation-Touchdown-Autonomous-Vehicle-Competition

Feb 26, 2026 9:00 AM Eastern Standard Time

BrainChip Named Official Technology Sponsor for Raytheon’s “Operation Touchdown” Autonomous Vehicle Competition​

---

Sponsorship provides university teams with low-power AKD1000 neuromorphic AI hardware to solve complex collaborative UAV/UGV challenges

LAGUNA HILLS, Calif.--(BUSINESS WIRE)--BrainChip Holdings Ltd. (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low-power, fully digital, event-based neuromorphic AI, today announced its role as the official Technology Sponsor for the 2025-2026 Raytheon Autonomous Vehicle Competition (AVC).



The Raytheon AVC, themed “Operation Touchdown,” challenges undergraduate engineering teams from across four United States-based regions—South, Puerto Rico, West Coast, and East Coast—to design and integrate a collaborative system of systems involving at least one Unmanned Aerial Vehicle (UAV) and one Unmanned Ground Vehicle (UGV). Teams must demonstrate fully autonomous navigation, target identification, and collaborative behaviors, including the signature challenge of autonomously landing a UAV on a moving UGV.

As the competition's core technology provider, BrainChip is requiring participating teams to integrate its advanced neuromorphic semiconductor technology into their systems. Teams will have exclusive access to the Akida™ AKD1000, a low-power Edge AI acceleration processor built on the Akida 1.0 neural network inference processor.

“Supporting STEM education and fostering innovation is at the core of BrainChip’s mission,” said Sean Hehir, CEO of BrainChip. “This competition represents the future of autonomous systems—where power-constrained devices must make intelligent decisions in real-time. We are proud to see our Akida technology driving the cognitive capabilities of the UAVs and UGVs in this year’s challenge.”

To ensure student success, BrainChip is providing the AKD1000 hardware at cost, delivering neuromorphic boards to each university competition team. Furthermore, BrainChip is committing up to 40 hours of virtual engineering support per competition, along with recorded webinars and integration guides, to assist teams in mastering on-chip learning and real-time adaptation to field conditions.

“The Raytheon Autonomous Vehicle Competition is designed to push the boundaries of what university students can achieve in autonomous systems,” said Jesse Lee, Raytheon Autonomous Vehicle Competition Lead. “By incorporating BrainChip’s neuromorphic processors, we are equipping the next generation of engineers with the cutting-edge AI capabilities required to solve real-world defense and disaster response challenges.”

The contest’s United States-based locations and dates:

• South: The University of Texas at Arlington, Texas, April 16-17
• East: George Mason University, Washington, D.C., April 22-24
• West: Santa Barbara City College, California, June 5-6
• Puerto Rico: TBD

About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY):
BrainChip is the worldwide leader in Edge AI on-chip processing and learning. The company’s first-to-market, fully digital, event-based AI processor, Akida™, uses neuromorphic principles to mimic the human brain, analyzing only essential sensor inputs with unmatched efficiency and energy economy. Explore more at www.brainchip.com.

About Raytheon:
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies, and partners defend their national sovereignty. For more than 100 years, Raytheon has developed new technologies in integrated air and missile defense, advanced sensors, and autonomous systems.

Contacts​

Media Contact:
Madeline Coe
prforbrainchip@bospar.com
224-433-9056
Investor Contact:
Trevor Franz
ir@brainchip.com

---

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Do they really mean “at cost” rather than “at no cost”?

“To ensure student success, BrainChip is providing the AKD1000 hardware at cost, delivering neuromorphic boards to each university competition team.”

Well that’s next years profit reduced by 50%