Brief: Brainchip Holdings Updates On MegaChips Agreement

MegaChips

25/11/2021 01:15

Nov 25 (Reuters) - Brainchip Holdings Ltd  BRN.AX :
    * UPDATES ON MEGACHIPS AGREEMENT
    * ALSO AGREES TO PROVIDE PROOF OF CONCEPT ENGINEERING
SERVICES,
AKIDA SALES AND DEVELOPMENT SUPPORT TO MEGACHIPS' CUSTOMERS
UNDER AGREEMENT
    * SEES AGGREGATE REVENUE OF ABOUT US$2 MILLION UNDER
AGREEMENT
OVER CURRENT FY AND FY 2022
    * HAS AGREED TO ENTER DISTRIBUTION AGREEMENT WITH MEGACHIPS
FOR
DISTRIBUTION OF CERTAIN AKIDA PRODUCTS IN JAPAN
    * ANTICIPATES AGGREGATE REVENUE OF ABOUT US$2 MILLION UNDER
AGREEMENT OVER CURRENT FY & FY2022
    * EXPECTS TO RECOGNIZE ADDITIONAL REVENUE FROM LICENSE FEE &
ADDITIONAL REVENUE OPPORTUNITIES NOTED ABOVE IN SUBSEQUENT
FINANCIAL YEARS

Source text for Eikon:  ID:nASX2bdwLT 
Further company coverage:  BRN.AX 

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