San Francisco – October 17, 2017 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 that it has been selected to provide its AI- powered object search and facial recognition technology in a new large municipal deployment of video surveillance and video analytics.
BrainChip Studio’s object search and facial recognition capabilities will initially be deployed in 11 pilot locations during Q4 2017 and Q1 2018, with broader deployments to follow later in 2018. The project has a potential value of more than US$1.2 million.
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