BRN Discussion Ongoing

[Diogenese]

Thank you and sorry if I was pushy.
I know that there are not always easy or binary answers to some questions which sometimes people of limited education expect.
We are very lucky to have you and your expertise in our number and your input often clarifies difficult technical issues for many of us.
Appreciate your answers and also appreciate both your candour and caution in your responses.

Hi Hoppy,

You may remember that the M2 card is offered in a few different flavours for different PC slots.

https://laptopmedia.com/laptop-m-2-ngff-ssd-compatibility-list/

M.2, also known as NGFF (Next Generation Form Factor) is the successor of the mSATA standard for expansion cards. M.2 is very flexible and is widely used as an option for additional storage on the today laptop’s motherboards. It can vary in its size – at this point, commercially available are 30mm, 42mm, 60mm, 80mm, and 110mm lengths, which are commonly expressed like ‘2230’ (22mm wide, 30mm long), ‘2242’ (22mm wide, 42mm long), etc.

There are also three different types of “keys”, which purpose is to prevent the use of inappropriate M.2s – B, M and B&M

You need to choose your M2 PCB to match the installed slot. That means the internal wiring of the M2 contacts varies depending on which slot the PC has.

 

[Meatloaf]

Currently our Patents hold our true value, and it's much more than 410 Million AUD or more to the point 258.3 Million USD

Please, can we ALL be honest, I'm 10 years in, like many other long termers, it has not been an easy journey, yet I, like many I'd
suggest are to a point, emotionally rusted on, we believe in Peters et al technology, we question the resistance to 100% commitment
by major companies, who sing our praises, I fully understand why we turned on a dime when Sean sold his 5 year business plan to the
Board, we simply couldn't afford to go the chip route on our own, some seem to have conveniently forgotten about the near on 21
million AUD that was wasted on the "Studio" path, it was not good, I can't share what I know about Studio, but it wasn't as good as
many first thought.

Akida 1000 was born, and it was brilliant, it's so good it's being referenced as I speak, yes we now have AKD 1500, yes we now have
AKD II, but the communication from within the company to shareholders has been what I'd term mildly misleading, has it been taped
out, is it being taped out, has another entity taken charge of the fab process etc etc.

Then we have TENN's....yes it appears to be brilliant, space state models, yes we are engaged with very big market players, BUT many of
us are really frustrated, we have such a great technology, we have such a great team, all have the integrity that makes me want to stay
invested, but the allegedly 100 plus NDA's, I simply don't believe that anymore, I'm sorry, I just don't buy those comments any longer.

I trust Peter and Anil 100%......but as mentioned before, by mid 2026, which is so generous, that's 11.5 years of waiting for stable revenue,
I will be done....we need solid results, not solid lines joining dots !

I'm not normally this negative, but the suppression or manipulation of our share price seems to be getting the better of me lately.

I apologize for the moaning..............Tech

That’s exactly how I feel Tech. So over the constant speculation but revenue remains dismal. Many have referenced that a coffee shop would have a higher revenue. Well I’m starting to believe that.
What was Sean’s 5 year plan? I don’t recall it ever being disclosed.
This should have been our year of finally progressing and SP raising but it remains stagnant.
Can’t wait for the AGM.

 

[Diogenese]

Currently our Patents hold our true value, and it's much more than 410 Million AUD or more to the point 258.3 Million USD

Please, can we ALL be honest, I'm 10 years in, like many other long termers, it has not been an easy journey, yet I, like many I'd
suggest are to a point, emotionally rusted on, we believe in Peters et al technology, we question the resistance to 100% commitment
by major companies, who sing our praises, I fully understand why we turned on a dime when Sean sold his 5 year business plan to the
Board, we simply couldn't afford to go the chip route on our own, some seem to have conveniently forgotten about the near on 21
million AUD that was wasted on the "Studio" path, it was not good, I can't share what I know about Studio, but it wasn't as good as
many first thought.

Akida 1000 was born, and it was brilliant, it's so good it's being referenced as I speak, yes we now have AKD 1500, yes we now have
AKD II, but the communication from within the company to shareholders has been what I'd term mildly misleading, has it been taped
out, is it being taped out, has another entity taken charge of the fab process etc etc.

Then we have TENN's....yes it appears to be brilliant, space state models, yes we are engaged with very big market players, BUT many of
us are really frustrated, we have such a great technology, we have such a great team, all have the integrity that makes me want to stay
invested, but the allegedly 100 plus NDA's, I simply don't believe that anymore, I'm sorry, I just don't buy those comments any longer.

I trust Peter and Anil 100%......but as mentioned before, by mid 2026, which is so generous, that's 11.5 years of waiting for stable revenue,
I will be done....we need solid results, not solid lines joining dots !

I'm not normally this negative, but the suppression or manipulation of our share price seems to be getting the better of me lately.

I apologize for the moaning..............Tech

Hi Tech,

To some extent, BRN is the victim of its own success as far as keeping pace with, or rather leading the rapid development of the technology.

Despite Sean's somewhat dismissive remark that Akida 1 was too narrow, we have seen several great implementations, but this is an indication that some customers wanted more ... 8-bit activaions, long skip, ...

But we also know that the advent of Akida 2 stymied at least one Akida 1 deal which had no doubt been years in the making.

TENNs is great tech (small "t" tech), allowing object tracking or NLP in silicon, relieving the CPU of the task of applying temporal algorithms to the classified (identified) output from Akida. We know it is being looked at for microDoppler radar, possibly for drone defence). We also know that TENNs can be run as an algorithm on a CPU, which means it can be commercilaized as an algorithm before the Akida 2 chip is produced. TENNs was seemingly magicked out of thin air, although Applied Brain Research had been working along similar lines.

I also keep harping on about the M2 QV CyberNeuro-RT cybersecurity PCB, a rabbit we pulled out of a DoE SBIR hat.

So we are like the swimming swan, moving along above the waterline without much apparent effort being exerted, while pedalling like mad under water.

So now I'm hoping that the board ha$ $omething up its $leeve to ju$tify the rehou$ing project.

 

[DingoBorat]

Without any revenue, this isn’t about getting a better pen—it’s about learning the alphabet first before blaming the pen.

Sure, a better pen might help, but no one is going to hand them one for free. They need to prove they can actually use it. The reality is, they haven’t even shown us they can write, so why are we talking about writing with one arm tied? If we give them the pen, soon someone will take it away from us once they realise we don't know the alphabet (i.e. IP deals/revenue).

We don’t always get the best conditions. Sometimes, you just have to work with what you have. In this case, they need to land a deal first to tell us that they can write... it's not like we were doing well before Trump...

Imo dyor

What is it with you and pens? ..

 

[HopalongPetrovski]

Looks like we are still in the S&P 300.
Unless I’ve missed it.
Other companies are announcing on Commsec

We were not removed???
Who do we have to fuck or how low do we need to go before we are kicked out?
Anybody understand it?

 

[DingoBorat]

Without any revenue, this isn’t about getting a better pen—it’s about learning the alphabet first before blaming the pen.

Sure, a better pen might help, but no one is going to hand them one for free. They need to prove they can actually use it. The reality is, they haven’t even shown us they can write, so why are we talking about writing with one arm tied? If we give them the pen, soon someone will take it away from us once they realise we don't know the alphabet (i.e. IP deals/revenue).

We don’t always get the best conditions. Sometimes, you just have to work with what you have. In this case, they need to land a deal first to tell us that they can write... it's not like we were doing well before Trump...

Imo dyor

I'm not sure I can get what I'm saying across any clearer, without just repeating the points I've already made..

I understand we need more IP deals.

You need to understand, that we need to be as accessible to the US market as possible.

The World is changing and we need to be in the strongest part.

BrainChip, isn't anywhere near big enough yet, to march to the beat of its own drum.

 

[Diogenese]

We were not removed.
Who do we have to fuck or how low do we need to go before we are kicked out?
Anybody understand it?

The shorters are having too much fun ...

 

[Yoda]

I feel you Papacass. I've been holder for over 9 years, and I am finding it enormously difficult to maintain positivity.

I want to believe in the technology, but how long does it take to get a "significant" deal over the line, not the small deals that we've seen recently. We've been promised so much over the years, but it has just never eventuated. Year after year, and podcast after podcast we are told this is the year, deals around the corner, hockey stick growth, explosive sales etc. I've actually spend some time going through past AGMs, podcasts and news etc, and Brainchip have simply not delivered on what they've said.

I've held my investment because I trusted the company and I've believed what they've told me (shareholders). I'm seriously beginning to wonder if any of it is true... My faith and confidence in management is almost zero!

And now to suggest a US listing, when they have not displayed any "real" success in Australia. To have four or five asx announcements in a day and just slip this one in, I can't help but think that management do not care one iota about Australian shareholders or the share price. Management have a lot of work to do, before they'll be able to convince shareholders to vote for this.

My other issue, is our list of partners. What does all of this mean? We have Mercedes, ARM, Intel etc etc. But no-one really knows what "partner" means. Does it mean we are working towards an IP licence or deal, or is it simply a single employee in a dark room playing with an Akida chip? Or it is someone like Mercedes who have used Akida in their EQXX model, but now it's radio since (so we don't know if EQXX was the end or beginning of our relationship with Mercedes). Will any of these partners actually lead to significant revenue/IP licence? It's like a black hole....I've emailed TD and ask him directly what "partnerships means" but just got back an email full of gibberish, goes around in circles and each sentence contracts the one before.

Im really hoping for some positive news before the AGM, but I've said this every year for years, so not holding my breath.

And for those that say oh well sell, selling is not the answer. The answer is management actually doing their jobs!

Yes, we've had several years now without the 'explosive sales' we were promised and of being told next year will be our year. Enough excuses from the CEO. We need some honest answers about why the product is not selling and what the plan is to turn that around. If I hear excuses about 'headwinds' or read statements about 'aggressive execution' of the sales strategy in a letter from the CEO one more time I'm not going to be happy. What is the strategy to sell this product and why isn't it bearing fruit? Too many years have gone by now and it's time for hard answers to hard questions at the next AGM in my opinion unless the company can land a truly significant deal in the meantime. More transparency with shareholders about the partnerships would be appreciated too.

 

[7für7]

Ohhh no… I’m not going to do it… I know what you’re waiting for… just like with all the other stocks when I was young… when it went down, I sold, only to watch it take off like a rocket while I stood there looking like a fool!!

FORGET IT!!! I’M NOT SELLING! OHHH NO… I’M EVEN GOING TO BUY HAHAHAH I’M GOING TO BUUUY!

 

[Getupthere]

Currently our Patents hold our true value, and it's much more than 410 Million AUD or more to the point 258.3 Million USD

Please, can we ALL be honest, I'm 10 years in, like many other long termers, it has not been an easy journey, yet I, like many I'd
suggest are to a point, emotionally rusted on, we believe in Peters et al technology, we question the resistance to 100% commitment
by major companies, who sing our praises, I fully understand why we turned on a dime when Sean sold his 5 year business plan to the
Board, we simply couldn't afford to go the chip route on our own, some seem to have conveniently forgotten about the near on 21
million AUD that was wasted on the "Studio" path, it was not good, I can't share what I know about Studio, but it wasn't as good as
many first thought.

Akida 1000 was born, and it was brilliant, it's so good it's being referenced as I speak, yes we now have AKD 1500, yes we now have
AKD II, but the communication from within the company to shareholders has been what I'd term mildly misleading, has it been taped
out, is it being taped out, has another entity taken charge of the fab process etc etc.

Then we have TENN's....yes it appears to be brilliant, space state models, yes we are engaged with very big market players, BUT many of
us are really frustrated, we have such a great technology, we have such a great team, all have the integrity that makes me want to stay
invested, but the allegedly 100 plus NDA's, I simply don't believe that anymore, I'm sorry, I just don't buy those comments any longer.

I trust Peter and Anil 100%......but as mentioned before, by mid 2026, which is so generous, that's 11.5 years of waiting for stable revenue,
I will be done....we need solid results, not solid lines joining dots !

I'm not normally this negative, but the suppression or manipulation of our share price seems to be getting the better of me lately.

I apologize for the moaning..............Tech

Tech, you’re not being negatived youre expressing the frustration that comes with a long journey that hasn’t delivered the stable revenue and commitment you (and many others) expected by now.

Its clear you believe in the technology, the team, and the long-term potential, but after 10 years, patience wears thin, especially when communication feels vague and progress unclear.

Seans 5-year plan made sense at the time, given the financial realities, but now, looking at where things stand, its fair to question if its delivering as promised. The shift away from the chip route was necessary, but that doesnt erase the frustration over past missteps or the lingering doubts about whether key partners are fully committed. The NDAs, the taping out process, the market traction all of it needs more clarity.

Your concern about share price suppression is also understandable. The tech is there, the talent is there, but without tangible results, it’s easy to feel like dots are being connected without a clear picture emerging. Mid-2026 is a generous timeline, but by then, patience from long-term investors will have been tested beyond reason.

You’re voicing what many are thinking, and thats not negativity its holding leadership accountable for delivering on their commitments.

 

[Cardpro]

So practically it means, that future Apple devices will not provide possibilities to connect with the internet or they will use akida

Or they have another solution and may not need akida

 

[The Pope]

Currently our Patents hold our true value, and it's much more than 410 Million AUD or more to the point 258.3 Million USD

Please, can we ALL be honest, I'm 10 years in, like many other long termers, it has not been an easy journey, yet I, like many I'd
suggest are to a point, emotionally rusted on, we believe in Peters et al technology, we question the resistance to 100% commitment
by major companies, who sing our praises, I fully understand why we turned on a dime when Sean sold his 5 year business plan to the
Board, we simply couldn't afford to go the chip route on our own, some seem to have conveniently forgotten about the near on 21
million AUD that was wasted on the "Studio" path, it was not good, I can't share what I know about Studio, but it wasn't as good as
many first thought.

Akida 1000 was born, and it was brilliant, it's so good it's being referenced as I speak, yes we now have AKD 1500, yes we now have
AKD II, but the communication from within the company to shareholders has been what I'd term mildly misleading, has it been taped
out, is it being taped out, has another entity taken charge of the fab process etc etc.

Then we have TENN's....yes it appears to be brilliant, space state models, yes we are engaged with very big market players, BUT many of
us are really frustrated, we have such a great technology, we have such a great team, all have the integrity that makes me want to stay
invested, but the allegedly 100 plus NDA's, I simply don't believe that anymore, I'm sorry, I just don't buy those comments any longer.

I trust Peter and Anil 100%......but as mentioned before, by mid 2026, which is so generous, that's 11.5 years of waiting for stable revenue,
I will be done....we need solid results, not solid lines joining dots !

I'm not normally this negative, but the suppression or manipulation of our share price seems to be getting the better of me lately.

I apologize for the moaning..............Tech

Hi tech,
Why don’t you phone your mate Peter for a D&M chat like you said in your post the other day. If you can’t post any chats with Peter, not a problem from my point of view. He is very approachable and I will just talk to him at next AGM.

Everyone just needs to chillilax and let’s wait if there is any further official news directly from BRN BOD linked to ASX announcement . Otherwise we are all just guessing and not good for anyone’s mental health. Don’t need any more MAF’s like commentary between posters and just more posts like Bravo trying to provide more links etc to other potential partners etc

Have a good week and all need to stop stressing until facts / updates are actually shared by BRN BOD

Cheers

 

[DingoBorat]

Hi Tech,

To some extent, BRN is the victim of its own success as far as keeping pace with, or rather leading the rapid development of the technology.

Despite Sean's somewhat dismissive remark that Akida 1 was too narrow, we have seen several great implementations, but this is an indication that some customers wanted more ... 8-bit activaions, long skip, ...

But we also know that the advent of Akida 2 stymied at least one Akida 1 deal which had no doubt been years in the making.

TENNs is great tech (small "t" tech), allowing object tracking or NLP in silicon, relieving the CPU of the task of applying temporal algorithms to the classified (identified) output from Akida. We know it is being looked at for microDoppler radar, possibly for drone defence). We also know that TENNs can be run as an algorithm on a CPU, which means it can be commercilaized as an algorithm before the Akida 2 chip is produced. TENNs was seemingly magicked out of thin air, although Applied Brain Research had been working along similar lines.

I also keep harping on about the M2 QV CyberNeuro-RT cybersecurity PCB, a rabbit we pulled out of a DoE SBIR hat.

So we are like the swimming swan, moving along above the waterline without much apparent effort being exerted, while pedalling like mad under water.

So now I'm hoping that the board ha$ $omething up its $leeve to ju$tify the rehou$ing project.

"So we are like the swimming swan, moving along above the waterline without much apparent effort being exerted, while pedalling like mad under water."

Love the swan analogy Diogenese

What we need is a "White Swan Event"!

My definition..

"A white swan event, a phrase commonly used in the world of BrainChip, is an extremely positive event or occurrence that is impossibly difficult to predict. In other words, white swan events are events that are unexpected and unknowable."


Maybe, it's not a good coincidence, that it's the "black swan" that is endemic to Australia and inparticular Western Australia, which we have the strongest connection with..

An unfortunate jinx perhaps?..

All the better reason, to redomicile to the US, I say!

 

[7für7]

Or they have another solution and may not need akida

Unfortunately there are a lot of devices working on the edge without internet. But The quest is, if Apple would decide to choose an outdated method or do they want to be the leader with a new technology who justifies the price of the product? Do you want a product everyone is talking absolut it’s performance or do you want to end up like “Humane Ai Pin” by the way, I think if they had choose brainchip, they would be now bestseller ! They fail because of lack of performance!

 

[FiveBucks]

Domiciling is not going to increase sales. Unless there are companies that are willing to sign but we tell them it will have to be announced on the ASX and they want complete anonymity. Highly doubt that's the case.

Viana said (and I'm paraphrasing) that if we don't have deals done by the next AGM them there's a problem. My patience is wearing thin. All the posters that continue to say "stay positive" and criticise those who complain can f right off in my opinion.

Enough is enough. We need sales and if we don't have any by the AGM, we need to hear some absolutely amazing reasons why we haven't had any.

If there is no clear roadmap to sales and revenue at the AGM, I'll be out. And that will be a bittersweet day because I had full faith in the product but I can't keep missing out on other opportunities while floating away on a sinking ship.

 

[GStocks123]

Interesting job advert from Apple

ML Engineer Multimodal Sensing - Incubation
https://www.indeed.com/viewjob?from=appshareios&jk=9590f0c639decaa7

 

[Cardpro]

I'm not sure I can get what I'm saying across any clearer, without just repeating the points I've already made..

View attachment 78770

I understand we need more IP deals.

You need to understand, that we need to be as accessible to the US market as possible.

The World is changing and we need to be in the strongest part.

BrainChip, isn't anywhere near big enough yet, to march to the beat of its own drum.

As accessible to the US market as possible?

We are headquartered and incorporated in the US, with a full sales and support team in place. While we may not be listed on the U.S. stock market, I don’t believe that’s the primary issue here.

Yes, USA might be our largest target market and MAYBE we are being overlooked solely because we are not US listed, but that still doesn’t explain why we are failing to secure major deals in Europe and Asia.

Look at companies like DroneShield, Avon Technologies, and BAE Systems—they have all successfully landed contracts with the US government/Defence.

Rather than blaming which market we are listed, we should critically evaluate our product, the effectiveness of our sales team, and the capability of our management. The real focus should be on strengthening our fundamentals and getting them right.

Also, I sincerely hope management has thoroughly considered this move, prepared solutions for potential challenges (such as shareholders holding shares in Australian super accounts), assessed the potential impact, and provided a clear rationale and justification for the decision. They announced this as an "idea" out of the blue without confirming any details and failed to even specify when further information will be available...

Imo only dyor

 

[DingoBorat]

As accessible to the US market as possible?

We are headquartered and incorporated in the US, with a full sales and support team in place. While we may not be listed on the U.S. stock market, I don’t believe that’s the primary issue here.

Yes, USA might be our largest target market and MAYBE we are being overlooked solely because we are not US listed, but that still doesn’t explain why we are failing to secure major deals in Europe and Asia.

Look at companies like DroneShield, Avon Technologies, and BAE Systems—they have all successfully landed contracts with the US government/Defence.

Rather than blaming which market we are listed, we should critically evaluate our product, the effectiveness of our sales team, and the capability of our management. The real focus should be on strengthening our fundamentals and getting them right.

Also, I sincerely hope management has thoroughly considered this move, prepared solutions for potential challenges (such as shareholders holding shares in Australian super accounts), assessed the potential impact, and provided a clear rationale and justification for the decision. They announced this as an "idea" out of the blue without confirming any details and failed to even specify when further information will be available...

Imo only dyor

"Yes, USA might be our largest target market and MAYBE we are being overlooked solely because we are not US listed, but that still doesn’t explain why we are failing to secure major deals in Europe and Asia.

Look at companies like DroneShield, Avon Technologies, and BAE Systems—they have all successfully landed contracts with the US government/Defence."

Your mind is focused on what has worked in the Past.
Moving forward, US Companies are going to be favored in deals and contracts.
In some cases; this will be a matter of policy.

Apparently, it takes the whole of Europe, to come close to matching the US's economic strength.

We do need to secure major deals elsewhere, Europe, "Western" Asia, India etc and no doubt we are progressing there and the Time is ripe, for those engagements to start bearing fruit.

To disadvantage ourselves from the Largest Economy on the Planet though (which would be the case moving forward) just doesn't make sense to me..

It's like the stupid old rule in primary school, where you had to get your "pen licence" first, before you could use one (bet you liked that one ).

It's looking to me like, if there "are" deals hinging on redomiciliation, which are likely "only" military, that the Company is going to have to convince them, that they can get the redomiciliation over the line, if the deals are dropped first.

They "may" be stuck between a rock and a hard place.

I do not think military is going to be our "biggest" earner, but it's a very good start.

 

[Diogenese]

Interesting job advert from Apple

ML Engineer Multimodal Sensing - Incubation
https://www.indeed.com/viewjob?from=appshareios&jk=9590f0c639decaa7

$264,200 for a common or garden ML engineer. We may need to cough up a bucket load of time dependent options for Olivier Coenen.

 

[Fullmoonfever]

Appears Moschip haven't forgotten about us maybe

They set up a GitHub page in April last year for a project they going to / were / are working on but not released any public files as yet.

GitHub - MosChipAI/Akida_Emotion_Recognitiom: The repository aims to leverage Akida's neuromorphic processing capabilities for real-time emotion detection, utilizing a custom-designed model trained on diverse datasets to accurately identify and class

The repository aims to leverage Akida's neuromorphic processing capabilities for real-time emotion detection, utilizing a custom-designed model trained on diverse datasets to accurately identif...

github.com