BRCHF: A First Mover in a New Market

We are initiating coverage of BrainChip Holdings (OTC:BRCHF) with a valuation of $0.75 per share. BrainChip is the first company to offer a commercial neuromorphic processor and the associated IP to the market. The company's Akida IP brings artificial intelligence (AI) tools to the "edge" with on-device computing and "one-shot" learning capabilities. The company licenses its intellectual property to OEMs, semiconductor designers and semiconductor manufacturers. On-device Artificial Intelligence or "Edge AI" holds significant promise as a low-power alternative to Cloud AI tools currently in the marketplace.