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BrainChip Expands European Presence with Novo TechnologiesSAN FRANCISCO, Feb. 14, 2019 (GLOBE NEWSWIRE) -- BrainChip Holdings Ltd (ASX:BRN), the leading neuromorphic computing company, announced today that it has signed a strategic partnership agreement with Novo Technologies to sell BrainChip’s AI-powered video analytics solutions in Greece and Cyprus. Novo Technologies currently sells video surveillance, security and access control solutions to police and border control agencies as well as airports, sports stadia and retail/banking locations that require video monitoring. In addition, the company has expertise to provide covert vehicle-based surveillance systems that may be operated from a remote location. CCTV footage is often recorded in low resolution, and is well-suited for content analysis using BrainChip’s unique, award-winning technology. BrainChip Studio has been awarded a Milipol Innovation Award and was named Security Today’s New Product of the Year for video analytics. BrainChip’s video analytics solution is based on an innovative spiking neural network (SNNs) technology. Several European government agencies have now adopted BrainChip’s SNN technology to expedite their investigations. George Skouras, General Manager of Novo Technologies, commented: “Our sales partnership with BrainChip is a perfect fit. Within Greece and Cyprus, we have already identified many of our customers that are keen to experience the benefits and features provided by BrainChip’s AI-powered solutions. We look forward to launching evaluations with several of our key accounts.” BrainChip’s Director of EMEA Sales, Luis Coello, added: “We are delighted to welcome Novo Technoogies to BrainChip’s fast-growing European reseller network. This new collaboration with Novo Technologies further increases our global footprint and the range of video surveillance applications to sell and deploy this year.” About BrainChip Holdings Ltd (ASX:BRN) About Novo Technologies Company Contact: Media Contact (US): Investor Relations: Media Contact (Europe) : Media Contact (Australia): |