BrainChip Reflects on a Successful 2021, with Move to Market Readiness Behind Next-Generation Edge-Based AI Solutions - Seite 2

Achieving rapid success in Akida product development allowed BrainChip to move its US headquarters to larger facilities to support expected customer growth as the company continues to move toward commercialization of its Akida AKD1000 neuromorphic processor and comprehensive development environment. The new 10,000 sq. ft. (929 square meters) facility is four times the size of its previous headquarters and provides the company with the ability to scale its services and processes needed to satisfy expected customer and support infrastructure needs.

BrainChip recently announced the appointment of Mr. Sean Hehir as BrainChip’s new CEO. He takes over from interim CEO Peter van der Made, who moves to his previous CTO position full time. Mr. Hehir’s focus is to guide BrainChip’s progress towards full commercialization of the Akida AKD1000 chip and its IP. He is joined by non-executive director additions to the Company’s Board – former ARM executive Antonio J. Viana and innovation champion and strategic advisor Ms. Pia Turcinov.

As a public company, BrainChip received several upgrades to its market presence, which included its addition to the S&P/ASX 300 index, an update of its ticker symbol on the OTC market and a listing upgrade to the OTCQX Best market. BrainChip also launched a US based ADR (BCHPY) that allows BrainChip to continue its path of pursuing high accessibility to the US capital markets. Due to the strong demand for high-growth potential, Artificial Intelligence stocks in the US are expected to result in an influx of US investment and ultimately an increase in shareholder value. The company’s successes have driven a rise of its stock price by 100 percent over the last 12 months

Other highlights from this year include being named among the EE Times Silicon 100, the launch of five sensor modalities of Akida (odor, vision, audio, tactile and gustation, which see real-world application in Covid-19 detection, facial recognition, voice recognition, vibration analysis and wine and beer taste recognition). Practical demonstrations in quality control and other industrial environments consume only microwatts to milliwatts of power. BrainChip’s founder Peter van der Made won the AI Hardware 2021 innovator award based on the development and production capabilities of Akida, the continuation of its highly popular “This is Our Mission” podcasts, and frequent speaking appearances at shows and events throughout the world.