Louis DiNardo. Presented April 2018 ASX CODE: BRN AN AI PROCESSOR COMPANY MARCH BrainChip MARCH

Transcription

1 Louis DiNardo President and CEO Presented April 2018 ASX CODE: BRN AN AI PROCESSOR COMPANY BrainChip MARCH MARCH 2018

2 Disclaimer This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of the assets and consult their own legal, business and/or financial advisers. The information contained in this presentation has been prepared in good faith by BrainChip Holdings Ltd, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, BrainChip Holdings Ltd, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted in this presentation. Certain information in this presentation refers to the intentions of BrainChip Holdings Ltd, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the corporations act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause BrainChip s actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, BrainChip Holdings Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated. BrainChip MARCH

3 BrainChip Year-End Update Recent Announcements Sales and Marketing Update Annual General Meeting Spiking Neural Network Technology BrainChip MARCH

4 Recent Announcements February 2018 Establishment of EMEA Sales Presence BrainChip retains 20-year experience surveillance and video analytics veteran in Europe, Mr. Luis Coello. Addition will assist in strengthening BrainChip s market position with law enforcement and intelligence agencies across Europe. January 2018 November 2017 November 2017 October 2017 October 2017 September 2017 Agreement with Gaming Partners International Establishment of Australian Sales and BD Presence Placement Raises A$21.5 million Shipment of First BrainChip Accelerator Provision of AI Video Analytics for a Large-Scale Municipal Project in France Launch of BrainChip Accelerator Companies will jointly develop video analytic products for worldwide deployment in casino currency security, game table operations and player behaviour applications. BrainChip to receive a total of US$500,000 in license fees, a non-recurring engineering fee of US$100,000 for products developed and long-term revenue sharing for the sale of the developed technology. BrainChip retains 30-year technology sales and business development veteran Mr. Gregory Ryan to lead Australian Sales and Business Development Initiative. Local presence will build upon the Company s successful engagements in Europe and the United States by addressing the regions urgent requirements in anti-terrorism and anti-crime sought by homeland security and local law enforcement. BrainChip raises A$21.5 million in an oversubscribed share placement which was supported by a large number of institutions. Significant milestone in neuromorphic computing as the first commercial implementation of a hardware-accelerated spiking neural network (SNN) system. Major European automobile manufacturer will evaluate BrainChip Accelerator for use in Advanced Driver Assisted (ADAS) and Autonomous Vehicle (AV) applications. Project has a potential value of more than US$1.2 million. Deployment encompasses over four thousand cameras across several towns and cities in France. BrainChip s technology will be used on selected cameras to protect specific high-value areas, including hospitals, schools, and first-responder sites. BrainChip Studio s object search and facial recognition capabilities was initially be deployed in 11 pilot locations during Q and Q1 2018, with broader deployments to follow later in BrainChip Accelerator increases the speed and accuracy of the object recognition function of BrainChip Studio software by up to six times Very low-power and can be easily installed within existing video surveillance systems without upgrading power systems or thermal management. Helps law enforcement and intelligence organisations rapidly identify objects in large amounts of archived or live streaming video. BrainChip MARCH

5 BrainChip Year-end Update BrainChip Accelerator Card ADAS and Autonomous Vehicle Collaboration Europe Detroit Third Parties Civil Surveillance/Public Safety Law Enforcement Schools Homeland Security Commercial Surveillance/Consumer Behavior Gaming BrainChip MARCH

6 BrainChip s SNN Outperforms Leading Deep Learning Models 45 Effective Frames/Sec/Watt (Standard Definition) Nvidia Jetson TX2 GoogleNet* Nvidia Jetson TX2 AlexNet* BrainChip Accelerator** *NVIDIA Jetson TX2 in MQ mode, NVIDIA website, 3/7/2017, adjusted for SD resolution BrainChip MARCH 2018 **BrainChip Accelerator, 4 models, 3 scales 6

7 BrainChip Year-End Update Successful Placements in 2017 A$27.5 million. US$20.9M Ended the Year with Roughly US$16M Net Burn in December Quarter US$1.9M Burn US$700K/month or US$2.1M/quarter provides 21 to 22 months Akida Capital Expense on the order of US$3.0M for Physical Design, Mask and First Tested Units Covered by Cash Receipts BrainChip MARCH

8 BrainChip Year-End Update Company expects continued sales growth with original equipment manufacturers, integrators and other partners. SaaS Surveillance System Integrators Milestone Gaming Partners International Quantum Corporation Existing Customers France Homeland Security Paris Police Yveline Safran Lockport BrainChip MARCH

9 BrainChip Year-End Update Company expects continued sales growth with original equipment manufacturers, integrators and other partners. Sales Pipeline 323 Leads since introduction of BCS and Accelerator Dozens of Software Download 100 Opportunities 52 Qualified Opportunities with a lifetime value of over US$336M 15 Design Wins with a lifetime value of over $37M BrainChip MARCH

10 BrainChip Year-End Update Trade Shows Security and Counter Terrorism Expo 2018 March 3-6, London, UK Added 50 Leads, including key UK organizations ISC West 2018 April Las Vegas, USA G2E May Macau Advertising Online and Print ads across NA and EMEA Added 59 new leads since Feb 1, including US law enforcement BrainChip MARCH

11 BrainChip Year-End Update Company is focused on the development of its revolutionary AKIDA Neuromorphic Processor Unit. ADAS and AV FinTech Cybersecurity IoT BrainChip MARCH

12 BrainChip AKIDA TM Neuromorphic (NSoC) Product Description General Purpose Processor based upon Patented (2008) Spiking Neural Network Fully parallel architecture Training Method Unsupervised Learning Trains itself to recognize patterns Specifications 8x more neurons than competitive test chips 13x more synapses than competitive test chips Ultra-low Power Development Overview Milestones: FPGA mid 2018, Dedicated Silicon late 2018 End Market Applications Robotics Gaming ADAS/Autonomous Vehicles Drones & Air Transport Surveillance & Cyber Security Speech & Image Recognition Stock Market Forecasting Neurons and Synapses TrueNorth Test Chip 2015 SNAP Availability AKIDA TM SAM: $ 4.8 Billion* The Neuromorphic Chip Market is estimated to be worth $4.8 Billion by 2022 with a CAGR of 26.31% between 2016 and Source: Markets and Markets 2015 Report 2017 AKIDA TM Loihi Test Chip 2018 BrainChip MARCH

13 Artificial Neural Network Competitive Landscape Spiking Neural Networks Convolutional Neural Networks / Deep Learning Software Simulation of ANNs CPU CPU Cloud Acceleration Edge Acceleration Off-the-Shelf Hardware Acceleration Customized Acceleration Google TPU TrueNorth Test Chip Loihi Test Chip BrainChip MARCH

14 BrainChip 2018 Well Capitalized Well Staffed Strong Intellectual Property Commercially Available Products for Surveillance OEM and End-User Sales Large Sales Pipeline Revenue Growth Profitability Akida TM Development BrainChip MARCH

15 BrainChip Organizational Development Louis DiNardo CEO Anil Mankar CDO Peter van der Made CTO Robert Beachler SVP Marketing Ryan Benton CFO Investor Relations Aliso Viejo Aliso Viejo Europe General Accounting M&C Toulouse Toulouse North America Tax Australia Treasury Public Relation Legal Technical Marketing Human Resources BrainChip MARCH

16 Spiking Neural Networks Technology BrainChip MARCH

17 Traditional CPU Architecture Inefficient for ANNs Traditional Compute Architecture Artificial Neural Network Architecture Memory Control unit Arithmetic logic unit input output PROCESSOR ACCUMULATOR Optimal for sequential execution Distributed, parallel, feed-forward or back-propagation BrainChip MARCH

18 Machine Learning Taxonomy Class of computing where functionality is NOT explicitly programmed Machine Learning (Artificial Intelligence) Algorithmic approaches Artificial Neural Networks (ANNs) Support Vector Machines Bayesian Networks Network types Convolutional Neural Networks (Deep Learning) Spiking Neural Networks (Neuromorphic Computing) BrainChip MARCH

19 We require exquisite numerical precision over many logical steps to achieve what brains accomplish in very few short steps. 1 John von Neumann Inventor of the digital computer 1 Von Neumann J (1958) The Computer and the Brain. New Haven CT: Yale UP. BrainChip MARCH

20 Artificial Neural Network Types for Primary Compute Spiking Neural Networks Low Power Ideal for Edge / Data Acceleration Convolutional Neural Networks Math intensive Ideal for Cloud Compute Synapses Neurons Spikes Reinforced connections Inhibited connections Linear Algebra Matrix Multiplication BrainChip MARCH

21 Thank You BrainChip MARCH