Licensing agreement between BrainChip and Gaming Partners International

BrainChip announces it has entered into a global licensing, development and revenue sharing agreement with Gaming Partners International Corporation (“GPI”) (NASDAQ: GPIC), a leading supplier of casino currency and table game equipment. The companies will jointly develop video analytic products for worldwide deployment in casino currency security, game table operations and player behaviour applications.

Under the terms of the agreement BrainChip will receive a total of US$500,000 in license fees, a non-recurring engineering fee of US$100,000 for products developed under this agreement, and long-term revenue sharing for the sale of the developed technology. BrainChip’s video analytic AI technology will be integrated into GPI’s casino table communications hub, an early version of which was shown at the Global Gaming Expo in Las Vegas in October 2017.

About BrainChip Holdings Ltd (ASX:BRN)
BrainChip Holdings Ltd. is a leading provider of software and hardware accelerated solutions for Advanced Artificial Intelligence and Machine Learning applications. The Company has developed a revolutionary new spiking neural network 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. The Company provides software and hardware solutions that address the high-performance requirements in Civil Surveillance, Gaming, Facial Recognition and Visual Inspection systems.