jobynimble
1 week ago
SPARC AI INC.
Notice of Annual General and Special Meeting of Shareholders of SPARC AI Inc.
Date of Meeting: November 20, 2024
Time of Meeting: 2:00 P.M. Pacific Standard Time (PST),
Place of Meeting: via zoom
https://us02web.zoom.us/j/89788249033?pwd=Iaeuu6eA8BcgUTTiiQPB5xTpvf5nGj.1
Meeting ID: 897 8824 9033
Passcode: 182461
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jobynimble
2 weeks ago
https://www.stockwatch.com/News/Item/Z-C!SPAI-3614179/C/SPAI
November 4, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”) is pleased to report that it has launched an innovative solution for recording multiple points of interest using its Target Acquisition System.
SPARC AI has seamlessly integrated Google Maps for its Target Acquisition System. This feature enables users to view the target’s location on a map and explore its surroundings in greater detail, including street view. This situation awareness solution provides significant value for both commercial applications and first responders.
SPARC AI determines the location of distant objects and places a real-time marker on a map. Our solution operates exclusively using proprietary algorithms without relying on lidar, radar, image recognition, or lasers. It can also function effectively in GPS-denied environments and is compatible with Google’s offline maps.
The latest update to SPARC AI’s solution allows operators to record multiple observations and display them on a map and directly on the drone's controller, assisting in managing complex missions and monitoring several targets simultaneously. The solution also works on coastal waters.
The integration of online and offline maps highlights the extensive potential to incorporate various applications and data sets into SPARC AI’s Target Acquisition System, enabling solutions for a wide variety of use cases.
SPARC AI is enhancing the platform to deliver maximum flexibility and creating greater product depth. A short video of the Google Maps integration can be seen here:
https://www.sparcai.co/sparc-ai-google-maps
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: https://www.sparcai.co
Anoosh Manzoori, CEO
SPARC AI INC.
Email: anoosh@sparcai.net
Phone: +61.3.9666338
jobynimble
3 weeks ago
SPARC AI INC
October 29, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”) is pleased to report SPARC AI has developed a new connectivity module for its drone’s target acquisition system.
The offline version enables the drone to capture distance measurements and geo-coordinates for target acquisition without requiring internet or network connectivity. The online version, on the other hand, supports connectivity and may, in the future, integrate with private networks or defense-grade communication systems. Additionally, the company also plans to expand this capability, enabling operators to effortlessly switch between online and offline modes within a single flight mission.
SPARC AI is enhancing the platform to deliver maximum flexibility, adapting seamlessly to diverse use cases and mission requirements.
This version 2.0 release offers enhanced capabilities specifically designed for identifying target locations in complex terrains and environments. The upgraded technology addresses challenging target acquisition needs, supporting key sectors including search and rescue, border security, defense, and situational awareness.
The Company is currently conducting final tests in preparation for the launch of its sales campaign, aimed at engaging with distributors throughout the United States.
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: https://www.sparcai.co
Anoosh Manzoori, CEO
SPARC AI INC.
Email: anoosh@sparcai.net
Phone: +61.3.9666338
https://www.stockwatch.com/News/Item/Z-C!SPAI-3612292/C/SPAI
Rocketred
2 months ago
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)
SPARC AI INC
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. https://www.stratviewresearch.com/3027/target-acquisition-system-market.html
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: https://www.sparcai.co
Anoosh Manzoori, CEO
SPARC AI INC.
Email: anoosh@sparcai.net
Phone: +61.3.9666338
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.
Rocketred
3 months ago
SPARC AI Revolutionizing Border Security
2024-08-30 15:01 ET - News Release
(via TheNewswire)
SPARC AI INC
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: https://www.sparcai.co/border-security-on-water
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: https://www.sparcai.co
Anoosh Manzoori, CEO
SPARC AI INC.
Email: anoosh@sparcai.net
Phone: +61.3.9666338
Equity.Guru Media Inc
Chris Parry
Email: chris@equity.guru
Phone: 778 927 2485
Rocketred
3 months ago
SPARC AI to Attend the Land Forces 2024 International Defence Exposition
2024-08-30 09:26 ET - News Release
(via TheNewswire)
SPARC AI INC
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 $45,000. The directors also have warrants that could be exercised to provide further funding. The Company is not in any rush to undertake a private placement and is focusing its effects on commercialization activities.
Rocketred
3 months ago
ORIGINAL: SPARC AI Signs a Marketing Agreement with Equity.Guru Media Inc
2024-08-28 09:02 ET - News Release
Shares issued 13,044,316
SPAI Close 2024-08-27 C$ 0.395
(via TheNewswire)
SPARC AI INC
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.
Rocketred
3 months ago
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)
SPARC AI INC
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.
https://www.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: https://www.sparcai.co
Anoosh Manzoori, CEO
SPARC AI INC.
Email: anoosh@sparcai.net
Phone: +61.3.9666338
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.
Rocketred
3 months ago
ORIGINAL: SPARC AI Starts Commercialization and is Also Developing a Fully Autonomous Low-Cost Loitering Munition Drone
2024-08-16 08:50 ET - News Release
Shares issued 13,044,316
SPAI Close 2024-08-15 C$ 0.255
(via TheNewswire)
SPARC AI INC
August 16, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”), having successfully completed and tested the integration of SPARC AI on a high-end drone, the Company 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 us, the Company can progress to productizing its technology including the development of marketing collateral, 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 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 counter-drone technologies and provide a high degree of target acquisition accuracy that is currently lacking by low-cost loitering munition drones 1 .
The 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 2 years with an exercise price of $0.26. Management has extensive experience in delivering highly scalable high-tech 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 via appropriate channels. The Company will seek legal advice before entering into any commercial contract.
About SPARC AI
SPARC AI has developed and patented the S patial P redictive A pproximation and R adial C onvolution. 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 and is also integrating these into a microchip to allow customers to activate SPARC AI on any of their camera device, including drones.
For more information contact:
Website: https://www.sparcai.co
Investor Presentation: Click Here
Anoosh Manzoori, CEO
SPARC AI INC.
Email: anoosh@sparcai.net
Phone: +61.3.9666338
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.
Rocketred
3 months ago
Mr. Armstrong has over 38 years of legal experience in representing companies and investors in venture capital financings, private placements, angel financings, mergers and acquisitions, and general corporate matters. His practice includes representation of companies and investors in various industries including medical devices, software, internet, consumer goods, telematics, and entertainment. Tom is also a FINRA registered investment banker with Finalis Securities www.finalis.com holding a Series 63 license, a Series 79 license and a Series 82 license and assists companies in raising capital.
Representative Matters include:
Represented Smith & Vandiver on acquisition by SF Equity Partners.
Represented BioVentrix, Inc. on Series A Preferred Stock financing from Andera Partners.
Represented IPfolio Corporation on acquisition by IPAN Service GMBH.
Represented Hawk Ridge Systems, LLC on management buyout with Main Street Capital.
Represented 6Connex on acquisition by Dura Software.
Represented Team Liquid Enterprises, LLC on investment from Axiomatic, LLC.
Represented Quest Nutrition, LLC on investment from VMG Partners.
Represented DriversEd.com on merger with eDriving, LLC.
Represented Tesla Motors on Series C Preferred Stock Financing.
Rocketred
3 months ago
Sparc AI launches autonomous drone without GPS
2024-08-13 16:52 ET - News Release
Shares issued 13,044,316
SPAI Close 2024-08-13 C$ 0.26
Mr. Anoosh Manzoori reports
SPARC AI SUCCESSFULLY LAUNCHES AN AUTONOMOUS DRONE WITHOUT GPS
Sparc AI Inc. has created a solution for autonomous flight for the Parrot ANAFI USA drone.
In late 2023, the company put forward a path to develop and re-engineer the core IP and technology, embed it into microchips, mobile phones and high-end drones used by first responders. The company also set an ambitious goal to leverage the Sparc AI algorithms to power a drone in autonomous flight.
The company is pleased to report that it has successfully deployed the Sparc AI algorithms on the Parrot ANAFI USA drone and successfully completed a series of autonomous flights that demonstrates the drone self-navigating and flying autonomously without GPS, lidar (light detection and ranging), radar, satellite or image recognition software. Setting up the autonomous flight is done whilst the drone is deployed in the air and activated within seconds of identifying the target location. There is no need for complex flight path orchestration software or building the flight path offline and then uploading to the drone.
The company has recorded a test flight that demonstrates the drone recording the geolocation of a parked car and then self-navigating, without GPS, to the exact location before flying back to base also without GPS. There is a connection between the drone and the controller for safety and for sending commands manually only when required. The video has been unedited and unscripted and presented in its raw form to fully demonstrate the drone in action.
Having reached this critical milestone, the company is planning to extend the technology for several use cases. For instance, using algorithms that provides instructions to the Sparc AI-enabled drone to self-navigate based on its environment for defence, border control, search and rescue, and security.
The company looks forward to providing more updates.
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 and is also integrating these into a microchip to allow customers to activate Sparc AI on any of their camera device, including drones.
We seek Safe Harbor.
jobynimble
3 months ago
https://webfiles.thecse.com/SPARC_AI_COMPLETES_AUTONOMOUS_FLIGHT.pdf?zoFJ1Os_A8tW5jOXqbgoZlBSbORi5jsi
SPARC AI INC.
NEWS RELEASE
SPARC AI SUCCESSFULLY LAUNCHES AN AUTONOMOUS DRONE WITHOUT GPS
August 13, 2024 – Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTC: SPAIF) (“SPAI” or the “Company”), is pleased to announce that the Company has created a solution for autonomous flight for the Parrot ANAFI USA drone.
In late 2023, the Company put forward a path to develop and re-engineer the core IP and technology, embed it into microchips, mobile phones and high-end drones used by first responders. The Company also set an ambitious goal to leverage the SPARC AI algorithms to power a drone in autonomous flight.
The Company is pleased to report that it has successfully deployed the SPARC AI algorithms on the Parrot ANAFI USA drone and successfully completed a series of autonomous flights that demonstrates the drone self-navigating and flying autonomously without GPS, lidar, radar, satellite or image recognition software. Setting up the autonomous flight is done whilst the drone is deployed in the air and activated within seconds of identifying the target location. There is no need for complex flight path orchestration software or building the flight path offline and then uploading to the drone.
The company has recorded a test flight that demonstrates the drone recording the geo location of a parked car and then self-navigating, without GPS, to the exact location before flying back to base also without GPS. There is a connection between the drone and the controller for safety and for sending commands manually only when required. The video has been unedited and unscripted and presented in its raw form to fully demonstrate the drone in action.
Having reached this critical milestone, the Company is planning to extend the technology for several use cases. For instance, using algorithms that provides instructions to the SPARC AI enabled drone to self-navigate based on its environment for defence, border control, search and rescue and security.
The Company looks forward to providing more updates
About SPARC AI
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 and is also integrating these into a microchip to allow customers to activate SPARC AI on any of their camera device, including drones.
For more information contact:
Website: https://www.sparcai.co Investor Presentation: Click Here
Anoosh Manzoori, CEO SPARC AI INC.
Email: anoosh@sparcai.net Phone: +61.3.9666338
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