ASX-listed neuromorphic computing company, BrainChip (ASX:BRN), is expanding its sales channels into Greece and Cyprus.
In a newly signed strategic partnership with Novo Technologies (Novo), BrainChip’s AI-powered video analytics solutions will be actively marketed and sold into the new regions via Novo’s established sales and distribution network.
Novo is a leading distributor of digital video surveillance solutions. Its expertise lies in the integration of video analytics and recognition technologies including face and license plate recognition.
It also provides covert vehicle-based surveillance systems that may be operated from a remote location.
Novo is ready to hit the ground running and George Skouras, General Manager of Novo Technologies is excited by the prospect of showcasing the technology to the Novo network.
“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 and we look forward to launching evaluations with several of our key accounts,” he said.
Novo helps its customers gain access to the tools needed to enhance its surveillance. Its customers currently include police departments and border control agencies as well as airports, sports stadiums and retail and banking locations.
The majority of CCTV footage is recorded in low resolution and BrainChip’s Studio technology is able to run facial and object recognition on very low-resolution footage – making it ideally suited for deployment in these environments.
The BrainChip Studio technology is based on spiking neural network (SNNs) – a next generation form of artificial intelligence. It is able to identify and track suspects and witnesses via facial characteristics and even clothing patterns.
The agreement with Novo follows BrainChip’s latest agreement with SoftCryptom to distribute its video analytics solutions to government agencies in France, Belgium and Switzerland and the company are delighted to have further expanded its European footprint.
“This new collaboration with Novo Technologies further increases our global footprint and the range of video surveillance applications to sell and deploy this year,” said BrainChip’s Director of EMEA Sales, Luis Coello.
BrainChip Studio is already used by several European government agencies and is speeding up investigations with its ability to scan terabytes of video footage and recognise faces and objects in a fraction of a second to high accuracy. Importantly, it is able to do it 20 times faster than a human operator.
It has also been awarded a Milipol Innovation Award and was named Security Today’s New Product of the Year for video analytics.
This content is produced by Star Investing in commercial partnership with BrainChip. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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