Companies to Jointly Develop and Deploy Casino Video Analytic Products
San Francisco – 31 January 2018: BrainChip Holdings Ltd. (“BrainChip” or the “Company”) (ASX:BRN), a leading developer of software and hardware accelerated solutions for advanced artificial intelligence (AI) and machine learning applications, today announced it has entered into a global licensing, development and revenue sharing agreement with Gaming Partners International Corporation (“GPI”) (NASDAQ: GPIC), a leading supplier of casino currency and table game equipment.
The companies will jointly develop video analytic products for worldwide deployment in casino currency security, game table operations and player behaviour applications. According to a Statista report, the table gaming industry represents an opportunity at over 3,500 casinos worldwide and Casino City Press’ Gaming Almanac indicates that there are over 60,000 gaming tables worldwide that the Company estimates represents a global addressable market of over US$200 million annually for video analytic solutions.
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