This morning the ASX queried Brainchip regarding “any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities? significant recent gains in the absence of announcements.”

Brainchip response: No

ASX Q3. ‘Is there any other explanation that BRN may have for the recent trading in its securities?’

Brainchip response:

“On 4-Jan, the company announced that it had appointed a new non-executive director.

On 10-Jan the company issued a press release stating that an “Early Access Program” customer, Information Systems Laboratories, is using BrainChip technology in an artificial Intelligence-based radar research project for the Air Force Research Laboratory. Although we continuously support and engage with all of our Early Access Customers, this particular transaction is immaterial in nature and there are no ongoing commercial arrangements in place with this customer at this time. It is the company’s opinion this transaction does not qualify as an announceable event under Listing Rule 3.1.

Additionally, in recent days, there has been an increase in editorial tech media coverage regarding the operate. This coverage has grown since the completion of our chip. This increase in coverage could be a factor regarding increasing market confidence in our technology.

AI market in various market segments where we In the Company’s opinion no new material information exists that can be announced.”

Disc: not held