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BrainChip (ASX:BRN) announces new Akida collaboration

Technology
ASX:BRN      MCAP $519.6M
02 September 2020 10:00 (AEST)
BrainChip (ASX:BRN) - CEO, Louis DiNardo

Sourced: Crunchbase

Tech developer BrainChip (BRN) has announced a new collaboration, with VORAGO Technologies signing the Akida Early Access Program Agreement.

Together, BrainChip and VORAGO will support a phase one NASA Program for a neuromorphic processor that meets spaceflight requirements.

The Texas-based tech company will bring its patented HARDSIL technology to the program, to be used with BrainChip’s Akida neuromorphic processor, its flagship artificial intelligence technology.

Both of the company’s technologies are uniquely suited for use in space and other extreme environments.

“The combination of benefits from the Akida neuromorphic processor and a radiation-hardened process brings significant new capabilities to spaceflight and aerospace applications,” BrainChip CEO Louis DiNardo said.

“We are thrilled and honoured to partner with BrainChip to harness the radiation hardening capabilities of our patented HARDSIL technology for the phase one program with NASA,” VORAGO CEO Bernd Lienhard added.

Under the Akida Early Access Program Agreement, VORAGO will help pay any of BrainChip’s expenses related to the NASA collaboration.

In return, the Akida program offers early access to the Akida device, evaluation boards and dedicated support from BrainChip.

Following today’s collaboration news, shares in BRN are trading grey at 31 cents per share at 10:17 am AEST.

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