BrainChip Holdings (ASX:BRN) secured a $1.8 million contract with the Air Force Research Laboratory for the use of its neuromorphic radar signaling processing technology, according to a Tuesday filing with the Australian bourse.
The contract award was granted under the US Federal Government's Small Business Innovation Research program, the filing said.
Company shares rallied almost 14% in recent Tuesday trade.
Price (AUD): $0.25, Change: $+0.03, Percent Change: +13.64%
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