BrainChip and Gaming Partners International Sign Licensing, Development, and Revenue Sharing Agreement
Summary
SAN FRANCISCO, Jan. 30, 2018 (GLOBE NEWSWIRE) -- 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.BrainChip’s video analytic AI technology will be integrated into GPI’s casino table communications hub, an early version of which was shown at the Global Gaming Expo in Las Vegas in October 2017.GPI has very deep expertise in casino game operations, a broad base of existing customers, and a premier global sales and service team that will bring these products to market.Headquartered in North Las Vegas, Nevada, GPIC also has manufacturing facilities, warehouses and/or sales offices in Beaune, France; San Luis Rio Colorado, Mexico; Blue Springs, Missouri; Atlantic City, New Jersey; Gulfport, Mississippi; and Macau S.A.R., China.