Business
BRK Announces Project Phoenix - Aimed at Developing a Chip to Enhance the Performance of Multimedia Streaming Equipment
BRK Announces Project Phoenix - Aimed at Developing a Chip to Enhance the Performance of Multimedia Streaming Equipment.
About this update from Gen 2 Technologies Inc.
[{"type":"text","content":"\n\n\n\nBRK Announces Project Phoenix - Aimed at Developing a Chip to Enhance the Performance of Multimedia Streaming Equipment\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBRK Announces Project Phoenix - Aimed at Developing a Chip to Enhance the Performance of Multimedia Streaming Equipment\nPR Newswire\nHENDERSON, Nevada, July 13, 2020\n\n\n\nHENDERSON, Nevada, July 13, 2020 /PRNewswire/ -- BRK, Inc. (the \"Company\") (OTC:BRKK) (OTC: BRKKD) wishes to inform its shareholders that it is now moving ahead with a strategy to develop a chip that optimizes performance of multimedia streaming equipment. This initiative, titled Project Phoenix, builds upon a signed collaborative agreement with leading chip player ARM Limited. \nMr. Daniel Serruya, CEO of BRK, stated, \"Project Pheonix marks the exciting next step in the revitalization of our product line. The development of our custom chipset will enable us to deliver our new technologies to a wider range of potential markets.\"\nMr. Gary Shields, CTO of BRK, added, \"Working with ARM and other third parties, provides us with access to all the latest computing and communications IP, which, when combined with our own IP, positions us to develop a performant chipset. Our chipset will faclitate the addition of multiple graphics processing cores to handle image processing and video compression all the way up to 8K UHD. This collaborative process leverages the effort of multiple companies to help us create state-of-the-art products that we expect to improve various current and potential new applications in the marketplace.\"\nMr. Michael Kovacocy, Head of Corporate Development and Investment Relations, added, \"Project Phoenix offers a new thrust to our previously mentioned strategic plans. Our intention is to de-risk our business model through diversification into complementary markets where our IP can be deployed at scale and on cost-efficient and highly accretive terms for shareholders. This initiative will allow us to move well beyond verticals tied to large scale sporting events and streamed to masses content. Our goal is t...