BrainChip (BRN) investors received some early Christmas gifts in the store late yesterday, related to the company’s much-touted Akida processor

The Akida Neural Processor is a system-on-chip solution developed by BrainChip for the emerging AI market.The development of the product has sparked an inflow of investment in BrainChip over the past year, driving the shares since the beginning January rose by over 500 percent

In a key development for the commercialization of the processor, BrainChip has signed an intellectual property license agreement with the major semiconductor manufacturer Renesas Electronics America. As part of the agreement, Renesas will receive the licensed, worldwide licensed design license from BrainChip for the usage rights for the Akida IP and associated support -Services

In return, BrainChip can expect ongoing license fees as well as other conditional payments based on the volume of processors sold

In another boon to the prospect of the processor, BrainChip has also received an order from NASA for an Akida Early Access Evaluation Kit The US The national aerospace agency will use the kit to evaluate the processor for its space travel

Lou DiNardo, CEO of BrainChip, called the Renesas deal “a market validation of our technology. He said he was both” excited and proud “to receive the order for the evaluation kit from NASA

“We hope that the potential benefits of the Akida neuromorphic processor for use in space and aerospace applications can make a valuable contribution to NASA’s continued primary mission for the benefit of humanity,” he added

BrainChip shares are currently in a trading freeze and were last traded at 325 cents per share

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World News – AU – BrainChip (ASX: BRN) signs IP agreement and sends processor to NASA – The Market Herald for evaluation

Source: https://themarketherald.com.au/brainchip-asxbrn-signs-ip-agreement-and-sends-processor-to-nasa-for-evaluation-2020-12-24/