BrainChip Appoints Pia Turcinov as Non-Executive Director

  • Highly experienced director and driven innovator
  • Specialist in technology commercialisation, technology law and corporate governance

LAGUNA HILLS, Calif.–(BUSINESS WIRE)–BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), a leading provider of ultra-low power high performance artificial intelligence technology and the world’s first commercial producer of neuromorphic Al chips and IP, today announced that Pia Turcinov has been appointed as a non-executive director effective 04 January 2022.

Pia Turcinov is an accomplished executive and non-executive director with broad and strategic experience across a range of industries. Ms. Turcinov manages a portfolio career, holding several positions with the common focus on the opportunities that innovation, technology, and diversification offer. With more than 30 years’ industry experience, she has qualifications in law and business management, and shares her expertise as a strategic commercialisation advisor, innovation champion, mentor, facilitator and public speaker on topics relating to entrepreneurship, technological disruption and Science, Technology, Engineering and Mathematics (STEM).

“BrainChip is a global leader in edge Al technology,” said Ms. Turcinov. “I’m excited to be joining the BrainChip Board as they launch a best-in-class neuromorphic Al chip that I believe can change the world. I look forward to bringing my unique qualifications and diverse experience to assist BrainChip through this new period of growth, helping the company build worldwide strategic Al partnerships.”

“Pia is a fantastic appointment for BrainChip, bringing a wealth of corporate and commercial experience,” said BrainChip Chairman Emmanuel Hernandez. “She shares our strong belief in the future of beneficial Al and how BrainChip is uniquely positioned to be a major force in this critical market. I look forward to her contributions to the Board.”

“On behalf of the management and staff of BrainChip, we welcome Pia to the company,” said BrainChip CEO Sean Hehir. “She joins us at an exciting time and her extensive knowledge and experience in strategically leveraging entrepreneurship, innovation, commercialisation, economic and supply chain development will be greatly valued.”

This announcement is authorised for release by the BRN Board of Directors.

About BrainChip Holdings Ltd (ASX: BRN)

BrainChip is a global technology company that is producing a groundbreaking neuromorphic processor that brings artificial intelligence to the edge in a way that is beyond the capabilities of other products. The chip is high performance, small, ultra-low power and enables a wide array of edge capabilities that include on-chip training, learning and inference. The event-based neural network processor is inspired by the spiking nature of the human brain and is implemented in an industry standard digital process. By mimicking brain processing BrainChip has pioneered a processing architecture, called Akida™, which is both scalable and flexible to address the requirements in edge devices. At the edge, sensor inputs are analyzed at the point of acquisition rather than through transmission via the cloud to a data center. Akida is designed to provide a complete ultra-low power and fast Al Edge Network for vision, audio, olfactory and smart transducer applications. The reduction in system latency provides faster response and a more power efficient system that can reduce the large carbon footprint of data centers.

Forward Looking Information

This press release includes forward-looking information or statements within the meaning of securities laws and Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, their businesses, which may include, but are not limited to, statements with respect to the business strategies, product development, expansion plans and operational activities of the Company. Often but not always, forward-looking information can be identified by the use of words such as “potential,” “predicts,” “projects,” “seeks,” “plans,” “expect”, “intends”, “anticipated”, “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “should,” “would” or “will” be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks related to the potential capabilities and the expansion thereof, research and development projects of the Company, the market potential of the products of the Company, the market position of the Company, the scalability of the Company’s production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the technology industry, market strategic and operational activities, and management’s ability to manage and to operate the business. More details about these and other risks that may impact the Company’s businesses are described under the Company’s filings with the Australian Stock Exchange (ASX,) or the SEC. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law.

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