| From: Rocket Red | 8/16/2024 1:15:44 PM | | | | | | Sparc begins commercialization work for Sparc AI tech
2024-08-16 13:13 ET - News Release
Shares issued 13,044,316
SPAI Close 2024-08-15 C$ 0.255
Mr. Anoosh Manzoori reports
SPARC AI STARTS COMMERCIALIZATION AND IS ALSO DEVELOPING A FULLY AUTONOMOUS LOW-COST LOITERING MUNITION DRONE
Having successfully completed and tested the integration of Sparc AI on a high-end drone, Sparc AI Inc. is progressing to commercialize the technology for the following use cases, including situation awareness, search and rescue, security, and bushfire detection.
With the technical risks behind it, the company can progress to productizing its technology, including the development of marketing collateral and technical specification manuals and start engaging with potential clients and distribution partners.
The company is also pleased to announce that it has started working on designing and building a loitering munition drone. The new drone will be low cost and fully controlled and managed by Sparc AI algorithms that require no GPS (Global Positioning System) or radio frequency connection to a controller. It will fly autonomously and self-navigate to the target enemy.
The objective is to make the low-cost loitering munition drone undetectable by counterdrone technologies and provide a high degree of target acquisition accuracy that is currently lacking by low-cost loitering munition drones.
Directors Anoosh Manzoori and Justin Hanka have provided the company with a $200,000 loan facility. The loan is unsecured and comes with no interest, fees or penalties. A total of 400,000 warrants will be issued in connection to the loan, expiring in two years with an exercise price of 26 cents.
Management has extensive experience in delivering highly scalable high-technology solutions within budget and in a timely manner. Management is confident that the development of the low-cost Sparc AI enabled loitering munition drone can be developed within budget.
Given the potential dangers of using this technology, the drone will only be sold through appropriate channels. The company will seek legal advice before entering into any commercial contract.
About Sparc AI Inc.
Sparc AI has developed and patented the spatial predictive approximation and radial convolution. This includes proprietary algorithms that uses proven mathematics to calculate the location of distant objects without using satellite, GPS or the Internet. Sparc AI is developing a range of geospatial products using its core IP (intellectual property) and is also integrating these into a microchip to allow customers to activate Sparc AI on any of their camera devices, including drones.
We seek Safe Harbor.
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| From: Rocket Red | 8/19/2024 9:06:32 AM | | | | | | $SPAI = Potential is HUGE = 1st Company to come out with a NON detectable drone could be worth 100's of millions
13 million shares at 100 million cap = $8.00
$AVAV = 5 billion dollar company |
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| | SPARC AI INC War Drones, Autonomous Vehicles & Chip | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| From: Rocket Red | 8/19/2024 10:20:59 AM | | | | | | DRONES in use today pretty much useless as they are detected SPAI = NON DETECTABLE DRONE
What will it be worth for a NON detectable drone ?
Ukraine spending 2 billion this year on 1 million drones that are pretty much useless today |
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| From: Rocket Red | 8/22/2024 8:50:42 PM | | | | | | | SPAI grab a few shares and put em away and see if it is a 10 ,20 ,30,40,50 to 100 dollar bill stock |
| | SPARC AI INC War Drones, Autonomous Vehicles & Chip | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| From: Rocket Red | 8/23/2024 9:19:55 AM | | | | | | SPAI DEPTH = AUG 23/24 will refresh this in a year if SPAI is still around  |
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| From: Rocket Red | 8/26/2024 8:54:54 AM | | | | | | SPAI - SPAIF NEW WEBSITE UP this morning sparcai.co
my prediction 10 to 30 dollar stock with potential of bidding war and higher stock price |
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| From: Rocket Red | 8/26/2024 5:21:36 PM | | | | | | RETIREMENT TICKET for the smart ones = SPARC AI Makes Progress Towards Commercialization with the Launch of a Target Acquisition System and Autonomous Flight Solution
2024-08-26 10:01 ET - News Release
(via TheNewswire)
August 26, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”) is excited to announce that it is released two core innovative products to market including a Target Acquisition System and Autonomous Flight Solution.
These products leverage the SPARC AI core technology and can operate without GPS, satellite, lidar, radar, laser, image recognition or any other complex and expensive hardware or software.
SPARC AI’s Target Acquisition System is covert and highly flexible software installed on any camera device for drones and large surveillance systems. Used for making tactical and mission critical decisions, the technology can determine the location and distance to any distant object, without connection to GPS.
SPARC AI’s Autonomous Flight Solution allows customers to deploy and fly drones autonomously using SPARC AI algorithms in GPS denied environments. The Company is also working on extending the capability for autonomous flight without a controller and connection to base.
The Company is pleased to announce that is also launching its consulting and integration services to support customers that wish to create a bespoke solution leveraging SPARC AI products in their critial missions. Customers will also have the option to use SPARC AI’s microchip integration service.
SPARC AI has launched its new corporate website in preparation for commercialization activities including details of the product offerings.
sparcai.co
The Company continues to undertake performance testing of the solution to create a detailed user guide and specification manual for customers. It is also continuing to fine tune, enhance and develop its technology.
About SPARC AI
SPARC AI designs and develops high tech solutions for GPS denied environments that enhance perception and awareness. The Company has developed an innovative Target Acquisition System and Autonomous Flight solution for drones without requiring GPS, satellite, lidar, radar, image recognition or any other complex hardware or software solution.
For more information contact:
Website: sparcai.co
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. NO SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
FORWARD LOOKING INFORMATION
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information.
The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors, assumptions and exclusions is not exhaustive.
The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. |
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