Welcome!

News Feed Item

BrainChip Advances its Position as a Leading Artificial Intelligence Provider with an Exclusive License for Next-Generation Neural Network Technology

ALISO VIEJO, CA -- (Marketwired) -- 03/20/17 -- BrainChip Holdings Ltd. (ASX: BRN)

Highlights:

  • Agreement with Toulouse Tech Transfer and the CERCO research center to license the exclusive rights to the JAST learning rules;
  • JAST technology will be implemented on BrainChip's proprietary SNAP technology;
  • License further solidifies BrainChip's position as a leader in the field of Neural Networking and Artificial Intelligence technology and solutions.

BrainChip Holdings Ltd. (ASX: BRN), ("BrainChip" or the "Company"), is a leading developer of software and hardware accelerated solutions for Advanced Artificial Intelligence and Machine Learning applications. The Company has developed a revolutionary new Spiking Neuron Adaptive Processor (SNAP) technology that can learn autonomously, evolve and associate information just like the human brain. The technology, which is proprietary, is fast, completely digital, and consumes very low power. Target markets include Civil and Commercial Surveillance, as well as Machine Learning.

Today, BrainChip announced that it has signed an agreement with French-based technology transfer company Toulouse Tech Transfer, to license the exclusive rights to the JAST learning rules and algorithms developed by CERCO (Brain and Cognition Research Center), a preeminent public research lab based in Toulouse, France. The groundbreaking JAST technology significantly enhances the Company's existing neural network design and will be implemented on the Company's proprietary Spiking Neural Adaptive Processor (SNAP).

The addition of the JAST technology to the SNAP processor enables BrainChip to offer a compact and easy to use commercial alternative to GPU processors for visual analytics. The license provides the Company significant improvements over existing deep learning designs. These benefits will allow BrainChip customers to reduce development cycles and significantly improve their time-to-market with new products.

BrainChip President and CEO Louis DiNardo commented, "BrainChip has developed a suite of software and hardware products to support a wide range of applications and customer requirements. The JAST technology adds to our offering of SNvision, a software solution that runs on any Windows platform, and our hardware solution, SNAPvision, which will be available in the third quarter of 2017. SNAPvision will implement existing learning rules and algorithms on a Field Programmable Gate Array (FPGA). The SNAPvision product can process a significantly larger number of video streams than the existing SNvision software only solution and will provide end-users with a wide range of analytics. The ability to learn on the device, and at near instant speeds, sets our technology apart from other solutions that require long training cycles. The JAST learning rules will provide an exciting enhancement to our existing product offerings."

Toulouse Tech Transfer president and CEO Pierre Dufresne added, "The JAST technology, a new unsupervised learning algorithm developed by Simon Thorpe and his team at CERCO, is a complementary approach to the traditional deep learning techniques. We believe that our alliance with BrainChip and its French subsidiary Spikenet Technology will enable a wide range of breakthrough applications. This illustrates the dynamism of our region in the AI field."

The terms of the exclusive license have not been disclosed, but costs related to the transaction in 2017 are expected to be immaterial relative to the Company's total expenses.

About BrainChip Holdings Ltd (ASX: BRN)
BrainChip is a leading provider of software and hardware accelerated solutions for Advanced Artificial Intelligence and Machine Learning applications. The Company's Spiking Neural Adaptive Processor (SNAP) can learn autonomously with a small sample set and provide real-time information, data analytics and knowledge in image and video processing applications, high frequency data streams for financial analysis and event, speech, and speaker recognition from audio sources. BrainChip's SNAP technology can quickly learn, recognize, and track events in real time from multiple sources and identify repeating patterns in complex data streams. The Company currently provides software and hardware accelerated solutions that address high-performance requirements in Civil Surveillance, Facial Recognition, and Visual Inspection systems. Future solutions include audio analytics and deep learning for financial and other data intensive applications. www.brainchipinc.com.

About Toulouse Tech Transfer
Toulouse Tech Transfer is a technology transfer company and its core business is to invest in technology maturing programs based on public research results, which covers intellectual property and legal issues, marketing and technical operations.

Toulouse Tech Transfer also acts as a service company for academia, providing consultancy and training in areas such as technology transfer and IP.

About CERCO
The Brain and Cognition Research Center (Centre de Recherche Cerveau et Cognition - CERCO) in Toulouse, France is a research unit belonging to the CNRS and the Université Paul Sabatier. It has around 100 members, including 35 permanent researchers and support staff, working on the brain mechanisms underlying a wide range of cognitive functions, including visual and auditory perception, attention, memory, motor control and higher mental states including consciousness.

Company Contact:
Cossette Drossler
VP Finance and Administration
+1 (949) 330-6754

Investor Contact:
Laura Guerrant-Oiye
Principal
Guerrant Associates
+1 (808) 960-2642
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams. In his session at 22nd Cloud Expo | DXWorld Expo, Daniel Jones, CTO of EngineerBetter, will answer: How can we improve willpower and decrease technical debt? Is the present bias real? How can we turn it to our advantage? Can you increase a team’s effective IQ? How do DevOps & Product Teams increase empathy, and what impact does empath...
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
You know you need the cloud, but you're hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You're looking at private cloud solutions based on hyperconverged infrastructure, but you're concerned with the limits inherent in those technologies. What do you do?
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...