ALISO VIEJO, CA--(Marketwired - September 07, 2016) -
- BrainChip signs strategic alliance with Advisian Digital Enterprise to collaborate on a series of projects utilising BrainChip's technology
- Alliance will combine the project development expertise of Advisian, part of the WorleyParsons Group with the innovative technologies of BrainChip
- Products developed under the partnership will be marketed through Advisian's global network
- A number of potential applications for BrainChip's technology have already been identified by the two parties
BrainChip Holdings Ltd (ASX: BRN) ("BrainChip" or "the Company"), is pleased to announce that it has signed a strategic alliance with global advisory firm Advisian to explore the development of a series of products that utilise BrainChip's Spiking Neuron Adaptive Processor (SNAP) technology.
Advisian is part of WorleyParsons Limited (ASX: WOR), an ASX-listed professional services giant. The alliance will combine Advisian's extensive project expertise with BrainChip's SNAP technology, which provides a rapid learning capability that opens up a whole new area of possibilities for data analysis.
The two companies will work together on a project development plan that will identify a series of products that can be developed using BrainChip's SNAP and related technologies. All projects developed under the partnership will be marketed through WorleyParson's extensive global network. All intellectual property will remain with BrainChip.
Both Advisian and BrainChip have already identified a number of potential applications for the SNAP technology across a range of industries.
Bradley Andrews, President of Digital Enterprise at Advisian Digital Enterprise, commented: "Advisian Digital Enterprise is pleased to partner with BrainChip to bring leading SNAP technology combined with Digital Enterprise solutions to our customers in Resources, Energy and Infrastructure."
Peter van der Made, founder and interim chief executive officer of BrainChip, commented: "Having a partner like Advisian, with a strong industry reputation and global network of clients, provides an important validation of the BrainChip technology. We have already identified a series of potential projects utilising SNAP and we look forward to bringing further updates to the market on our progress over the next few months."
Located in Aliso Viejo, California, BrainChip has developed a revolutionary new Spiking Neuron Adaptive Processor (SNAP) technology that is extremely fast, has the ability to learn autonomously and rapidly, and associate information just like the human brain. The technology is fast, completely digital, and consumes very low power. Additional information is available by visiting www.brainchipinc.com
About Advisian Digital Enterprise
Advisian Digital Enterprise works with its clients to realise the future of an advanced industry in which data and digital transformation has brought energy, resilience and new paradigms. It solves clients' toughest challenges by applying technology, thinking and experience to the acquisition, management and visualisation of data that connects the digital realm to the physical one. Additional information is available by visiting advisian.com/our-services/digitalenterprise.aspx