| From: Rocket Red | 8/28/2024 9:07:05 AM | | | | | | Sparc AI Inc. (C-SPAI) - News ReleaseORIGINAL: SPARC AI Signs a Marketing Agreement with Equity.Guru Media Inc
2024-08-28 09:02 ET - News Release
Shares issued 13,044,316
SPAI Close 2024-08-27 C$ 0.395
(via TheNewswire)
August 2 8 , 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”) is excited to announce that it has signed a 6-month Marketing Agreement with Equity.Guru Media Inc.
Equity.Guru Media will assist the Company with marketing and investor communication activities. Including CEO interviews and investor round table, editorials, and publication and distribution of news releases.
SPARC AI will provide compensation of $50,000 to Equity.Guru Media Inc for the 6-month term. This includes a $10,000 upfront fee and remaining balance of $40,000 on successful completion of a private placement by the company.
About SPARC AI
SPARC AI designs and develops high tech solutions for GPS denied environments that enhance perception and awareness. The Company has developed an innovative Target Acquisition System and Autonomous Flight solution for drones without requiring GPS, satellite, lidar, radar, image recognition or any other complex hardware or software solution.
For more information contact:
Website: sparcai.co
Equity.Guru Media Inc
Chris Parry
Email: chris@equity.guru
Phone: 778 927 2485 |
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| From: Rocket Red | 8/29/2024 7:35:51 AM | | | | | | Could SPARC AI (SPAI.V) be the solution to autonomous driving? With billions invested by tech and automotive companies over the past five years, the quest for self-driving technology continues. Despite the promises and the progress, regulatory approval remains a challenge as safety concerns persist. SPARC AI may offer a new direction in this innovative field.
equity.guru |
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| From: Rocket Red | 8/30/2024 9:50:19 AM | | | | | | ORIGINAL: SPARC AI to Attend the Land Forces 2024 International Defence Exposition
2024-08-30 09:25 ET - News Release
Shares issued 13,044,316
SPAI Close 2024-08-29 C$ 0.365
(via TheNewswire)
August 30, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”) is excited to announce that management will be attending the Land Forces 2024 International Defence Exposition on 11-13 September 2024. The last time this event was held in 2022, it attracted over 20,000 visitors including Defence, Government and Industry delegations from 30 nations. Over 800 companies exhibit at the event.
The event will provide a great opportunity for management to network at the event and explore business development opportunities.
The Company would also like to clarify the news release issued on the 28 th of August 2024 in relation to a private placement. Since new management took over about 12 months ago, the Company has been largely funded by directors of the Company and structured to minimize dilution for shareholders. The directors accepted the technical risk of re-coding the entire SPARC AI software platform, integrating it into mobile applications, microchips and a high-end drone.
The Company had also recently announced an unsecured loan agreement with two directors. Once again, the directors are taking the risk on further product development, working capital and commercialization activities. This level of commitment to the success of a public company is unprecedented.
The Company is also in the process of applying for an R&D refund which is expected to be around $45,000. The directors also have warrants that could be exercised to provide further funding. The Company is not in any rush to undertake a private placement and is focusing its effects on commercialization activities. |
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| From: Rocket Red | 8/30/2024 9:32:47 PM | | | | | | SPARC AI Revolutionizing Border Security
2024-08-30 15:01 ET - News Release
(via TheNewswire)
August 30, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”) is excited to announce that it has successfully completed several tests on water.
The SPARC AI enabled drone was able to successfully record the location of a Navigation Marker in the ocean that was 477 meters away. The drone was flying at 35 meters above the ground with high winds of over 52km/hour.
Whether you need target acquisition to guard against illegal immigration, smuggling, terrorism demands, search and rescue or recording shark attacks, SPARC AI could be the ideal solution as it does not require GPS, radar, laser, lidar or image recognition software. Once a target has been identified the drone can autonomously fly to the target for further investigation and fly back to base using SPARC AI algorithms.
A video of the demonstration can be found here: sparcai.co
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
Equity.Guru Media Inc
Chris Parry
Email: chris@equity.guru
Phone: 778 927 2485 |
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| From: JubilationT | 10/2/2024 10:40:31 AM | | | | | |
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| | | Toyota To Invest $500 Million in Joby Aviation
08:45:00 AM ET, 10/02/2024 - PR Newswire
- Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025
- Funds will support certification and commercial production of Joby's electric air taxi
- Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization
- Will bring total investment from Toyota Motor Corporation in Joby to $894 million
TOYOTA CITY, Japan, and SANTA CRUZ, Calif., Oct. 2, 2024 /PRNewswire/ -- Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility.
The investment, which will be made in two equal tranches, is subject to standard regulatory approvals and certain other conditions, finalization of collaborative and commercial agreements and, with respect to the second tranche, the finalization of terms related to a strategic alliance focused on commercial manufacturing and certain other conditions. The investment, which will bring Toyota Motor Corporation's total investment in Joby to $894 million, will be made in the form of cash for common stock, with the first tranche targeted to close later this year and the second in 2025. Further details of the investment are available via the companies' regulatory filings with the SEC.
"Today's investment builds on nearly seven years of collaboration between our companies," said JoeBen Bevirt, founder and CEO, Joby Aviation. "The knowledge and support shared by Toyota have been instrumental in Joby's success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel."
Joby continues to make important progress towards commercialization, recently rolling its third aircraft off its pilot production line in Marina, California, and breaking ground on an expanded facility in California that will more than double the Company's manufacturing footprint. In August 2024, it confirmed that the fourth of five stages of the type certification process is now more than one-third complete on the Joby side.
"With this additional investment, we are excited to see Joby certify their aircraft and shift to commercial production," said Tetsuo "Ted" Ogawa, who signed the agreement as the Operating Officer on behalf of Toyota Motor Corporation. "We share Joby's view that sustainable flight will be central to alleviating today's persistent mobility challenges."
Toyota's additional investment reflects the continued aim of Toyota Motor Corporation's founding family, starting with Kiichiro Toyoda down to present-day Chairman Akio Toyoda, to realize the dream of air mobility for personal or daily travel as part of its transformation into a mobility company.
Since 2019, in addition to monetary investments, Toyota has been investing time and human resources to share its knowledge of the Toyota Production System via process planning, manufacturing method development, and tooling design. Toyota engineers now work side-by-side with the Joby team in California, and, in 2023, the two companies signed a long-term agreement for Toyota to supply key powertrain and actuation components for the production of Joby's aircraft.
Toyota's relationship with Joby began through an initial investment made by Toyota Ventures, the early-stage venture capital arm of Toyota that explores and identifies disruptive technologies and companies for investment opportunities and provides support for portfolio companies. Toyota Motor Corporation subsequently completed investments totaling $394 million.
The shares to be sold in the investment have not been, and will not be, registered under the Securities Act of 1933, as amended ("Securities Act"), or any state or other applicable jurisdiction's securities laws, and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions' securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
Photos of the signing ceremony and related video content, including interviews with JoeBen Bevirt and Tetsuo "Ted" Ogawa are available at this link.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.
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| From: Rocket Red | 10/3/2024 9:33:31 AM | | | | | | ORIGINAL: SPARC AI Completes Development of Advanced Target Acquisition System
2024-10-03 09:30 ET - News Release
Shares issued 13,044,316
SPAI Close 2024-10-02 C$ 0.25
(via TheNewswire)
October 3, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”) is excited to announce the development of version 2.0 has been completed and the Company is now testing the solution.
Version 2.0 introduces enhanced capabilities tailored for identifying target locations in challenging terrains and environments. This upgraded technology is designed to address the most difficult target acquisition tasks, aiding sectors such as search and rescue, border security, defence, and situational awareness. With this new version, users can pinpoint the exact geo-location of hidden targets or areas of limited visibility , whether they are positioned on ridges, hillsides, or concealed within coastal cliffs and mountainous regions.
The company is intensifying its efforts to expand its presence in the Target Acquisition System market, which is valued at US$13.59 billion, according to Statview Research 1 . While many competitors depend on complex, costly, and heavy hardware solutions deployed on the ground, such as the Elbit Systems HATTORIX, SPARC AI has taken a different approach. It has developed an innovative software solution that integrates seamlessly with drones, enabling a cost effective and rapid deployment and efficient target acquisition across a broad area, including challenging and complex terrains.
The company has begun implementing a new billing platform to streamline the management of recurring payments for its software. This platform will handle billing cycles, licensing, and payments on a per-drone basis, while also providing a solution for managing billing and payments for resellers and channel partners.
The Company is looking forward to sharing test results of Version 2.0 over the coming weeks.
- Target Acquisition System Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028. stratviewresearch.com
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.
Copyright (c) 2024 TheNewswire - All rights reserved. |
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