BrainChip Fortifies Neuromorphic Patent Portfolio with New Awards and IP Acquisition

Laguna Hills, Calif. – DATE, 2022 – BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world's first commercial producer of ultra-low power neuromorphic AI IP, has extended the breadth and depth of its neuromorphic IP with two new patents granted by the US Patents and Trademarks Office (USPTO), and the acquisition of previously licensed technology from Toulouse Tech Transfer (TTT). These latest additions of technical assets reinforce BrainChip's event-based processor differentiation for high performance, ultra-low power AI inference and on-chip learning. BrainChip also acquired full ownership of the IP rights related to JAST learning rule and algorithms from French technology transfer-based company TTT, including issued patent EP3324344 and pending patents US2019/0286944 and EP3324343. The invention related to the acquired IP rights include pattern detection algorithms that provide BrainChip with significant competitive advantages. The company held an exclusive license for the IP prior to their acquisition.