Rocketred
2 days ago
SPARC AI Completes Successful Water Test
C.SPAI | 6 minutes ago
(TheNewswire)
SPARC AI INC
May 30, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (“SPAI” or the “Company”) is pleased to announce it has successfully tested SPARC AI’s geospatial technology over water.
The test completes an important milestone as it demonstrates the ability to geo locate points of interest on water over short and long ranges.
The tests also demonstrated the ability to locate an area over Port Philip Bay, from St Kilda to the township of St Leonards, separated by an area stretching 40km over water. Visibility between the two locations was limited due to the long distance, but SPARC AI was successful in locating the geo coordinates and distance to St Leonards.
The technology worked on and over water in the same way it works on land. It is feasible that the technology would work between countries separated by sea.
There were no assisted technologies used in these tests. Existing technologies such as lidar has a short range (a few hundred metres) and sophisticated camera and software technologies including photogrammetry will have limited use in this test given the distance and limited visibility to the target location.
Anoosh Manzoori, CEO said “The Company has completed a series of tests on land. This includes tests at elevations, whilst traveling at 100km/hour, at night and with a blindfold on a camera, and on and over water. These tests are strategically important for building a land to air to sea solution without the need for expensive high-end cameras, sensors and lidar technologies.”
The test can be seen on this video:
Click Image To View Full Size
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
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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Rocketred
1 week ago
SPARC AI Selects Parrot ANAFI USA GOV Drone for SPARC AI Microchip Integration
(TheNewswire)
May 24, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (“SPAI” or the “Company”) is pleased to announce it has selected the Parrot ANAFI USA GOV drone to integrate its SPARC AI Microchip.
The Parrot ANAFI USA GOV drone is designed for first responders and offers the same high-end security, durability, and capabilities as Parrot’s Short-Range Reconnaissance (SRR) drone designed for the U.S. Army. parrot.com
The drone is manufactured in the United States and trusted globally by defence and security organizations: parrot.com
The drone has been purchased for US$14,500 and is expected to be delivered to SPARC AI offices within 3 weeks. Installation of the SPARC AI microchip and first flight will commence shortly after.
The team is preparing a series of robust testing of SPARC AI on the drone. This includes a test of the drones’ thermal camera with SPARC AI, autonomous flight powered by SPARC AI, use case testing for situation awareness, reconnaissance, and target acquisition.
The SPARC AI microchip may also be integrated into other drone manufactures over time. The Parrot ANAFI drones have an ability to integrate 3rd party applications. Should SPARC AI integration into the Parrot ANAFI drone prove to be successful with clear benefits, SPARC AI will have a well-defined target market to promote its solution.
The Company will share the results of its tests on its website sparcai.co
Rocketred
2 weeks ago
EYEFI= SPAI today SIGNS STRATEGIC ENGAGEMENT TO SUPPORT GROWING OPPORTUNITIES IN CALIFORNIA AND THE UNITED STATES
Eyefi Group Technologies Inc. has signed an agreement with Thomas Armstrong, of Tyley Capital Group LLC, in California, to facilitate the development of opportunities in Eyefi's SPARC technology and associated product suite, for use in autonomous vehicles, unmanned aerial/sea vehicles and drones, and across a wide range of industry and defence applications in the United States. Mr. Armstrong has over 37 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. Mr. Armstrong is also a FINRA registered investment banker holding a Series 63 licence, a Series 79 licence and a Series 82 licence.
Eyefi's geospatial technology, Eyefi SPARC, powers Eyefi's product suite, such as Eyefi cloud and the company's smart phone app, SpatialEye, and has registered patents in seven countries, including Canada and the United States. The technology includes a set of proprietary algorithms that can be installed on cameras and sensors, and used to determine the location of any object being viewed or pointed at by the device. The system does not use GPS, satellite or the Internet, and is totally covert and undetectable when in use. The algorithms also have several proprietary modules; for instance, an image that has been captured using SPARC can be shared or integrated into third party applications to conduct a real-time query on any pixel to pull location data, plus any other data set on the Internet that is relevant to that location at that time.
There is a broad range of use cases for the SPARC technology for use in drones, autonomous vehicles, military, defence, smart phone, and on-person and wearable devices that can all leverage geospatial and 3-D data to provide real-time targeting of geolocations using cameras, significantly extending their on-board sensory from just metres to miles, using Eyefi's proprietary SPARC technology.
Mr. Armstrong, as an industry veteran in the United States, is well placed to assist the company with strategic introductions to potential new United States-based customers and distributors, with several key targets having already been identified.
Mr. Armstrong said, "I am excited to be working with Eyefi in their efforts to grow their customer base in the U.S., with key targets where Eyefi's SPARC technology can be leveraged."
Eyefi's chief executive officer and head of research and development, Simon Langdon, said: "Eyefi is thrilled to secure Tom's services to assist us with our growth plans in the U.S. Tom is an industry veteran with strong, quality relationships in our target market and, in particular, the drone/UAV segment. We are looking forward to working with Tom as we continue our expansion plans into the U.
Rocketred
2 weeks ago
ORIGINAL: SPARC AI Preparing for US Launch
2024-05-17 09:25 ET - News Release
Shares issued 12,484,316
SPAI Close 2024-05-16 C$ 0.245
(via TheNewswire)
SPARC AI INC
May 17, 2024 – TheNewswire - Toronto, Canada - SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (“SPAI” or the “Company”) is pleased to announce it has accepted a proposal from a US based financial institution to act as sponsor and advisor for an OTCQB listing in the United States.
The Company’s existing EGTTF listing will be upgraded, and a new ticker code issued to better reflect the Company’s name. Over the past couple of months there has been increasing activity and interest from investors and market makers from the United States. The OTCQB listing will make the SPARC AI securities available to a broader market of investors and financial institutions.
The OTCQB listing is expected to take around 5 weeks. To support the launch of the OTCQB listing, the Company is planning to hire an investor relations firm.
The integration of the SPARC AI microchip has been completed. Engineers are conducting extensive testing in preparation for installing the microchip onto a drone. The Company is also working to file a new patent in autonomous drones. More details will be provided to the market after the patent has been filed.
Management is preparing to travel to the United States to roadshow the technology to entities involved in defence and national security.
To support the above-mentioned activities, Chief Executive Director, Anoosh Manzoori, will invest CAD$84,000 into the Company by exercising 260,000 warrants and 300,000 options at CAD$0.15.
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
Rocketred
3 weeks ago
May 10, 2024 – Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (“SPAI” or the
“Company”) is pleased to announce that it has successfully completed a simulation test at 50 km (31
miles) above sea level.
The Company has created an elevation override function to run the SPARC AI algorithms at extreme
altitudes. The test was conducted at altitude inputs of 10,000 feet to 164,000 feet (50km). All tests were
successful in recording the correct geo coordinates and distance to point of interest.
At 164,000 feet above sea level the SPARC AI algorithms successfully recorded the geolocation of an
area that is 39.38km away.
Commercial airlines travel between 30,000 to 40,000 feet. SPARC AI algorithms have demonstrated
the capability to calculate geolocation and distance from the Stratosphere.
A video of the test can be found here:
Microchip Update:
The integration of the SPARC AI algorithms and proprietary code onto the microchip is well advanced.
The Company expects the integration to be completed in a couple of weeks. Following testing we will
install the microchip onto a drone.
Further updates to be provided as we get closer to our first test flight on a drone.
Rocketred
4 weeks ago
SPARC AI Completes Geospatial Tests Without a Camera
2024-05-01 16:10 ET - News Release
(via TheNewswire)
SPARC AI INC
May 1, 2024 – TheNewswire – Toronto, Canada – SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (Frankfurt: 5OV0) (“ SPAI ” or the “ Company ”) is pleased to announce that it has successfully tested the SPARC AI application without the use of a camera.
The tests were successful with SPARC AI application working and recording the geo location coordinates and distance to objects.
Using the XYZ tilt of the device, SPARC AI algorithms can determine the location of any object in the field. The algorithms can work on any device or sensor and does not require a camera.
Integrating SPARC AI onto an AI microchip will allow the Company to enable any device with powerful geospatial capabilities. Devices can become geospatial aware without a camera and without the need to constantly connect to GPS, satellite, or the internet.
“If you want to know the location of a distant object away from you, GPS is not going to tell you the geo location of the object. GPS can only record the geo location of where you are standing. The latest test and discovery will be transformative for SPARC AI. The launch of our microchip and APIs will allow our customers to deploy AI enabled geospatial solutions, on any device, to solve a broad range of use cases including those in defense.” said CEO Anoosh Manzoori.
As we continue to make progress on the microchip integration of SPARC AI algorithms, we will perform further testing using the mobile application.
A recording of the test can be found here:
Rocketred
4 weeks ago
SPARC AI Completes First Elevation Test at 60m Above Sea Level
2024-04-29 08:10 ET - News Release
(via TheNewswire)
SPARC AI INC
Positive test results with accurate recordings of geo coordinates, address, and distance to each target point of interest
April 29, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE:SPAI) (OTC:EGTTF) (Frankfurt:5OV0) (“ SPAI ” or the “ Company ”) is pleased to announce that it has successfully tested the SPARC AI at an elevation of 60m (196 feet) above sea level using the SPARC AI enabled mobile application.
The test recorded the geo-location and distance to two points of interest with a high degree of accuracy for both geo location data and distance. The data was accurately verified using Google Maps and Google Earth.
The test was conducted using a SPARC AI enabled mobile phone with no additional assistance from sensors, hardware, software or technical equipment at any location.
This test provides us with further validation and confidence as we move closer to testing SPARC AI on a drone. The test conducted at 60m (196 feet) is an important milestone for the Company as it is half the maximum permitted height allowed for drones. Regulations in Australia, Canada and United States permit drones to fly at a maximum of 400 feet or 120m.
“We have just released the latest version and update to the SPARC AI software. I am very pleased to see SPARC AI perform so well at elevation using a mobile application. Our technology is producing accurate and powerful results. I am excited to see how far we can take this technology with further tests currently underway”, said Anoosh Manzoori, CEO.
A recording of the test can be found here:
Rocketred
1 month ago
Sparc AI takes delivery of Coral microchips from Google
2024-04-22 18:42 ET - News Release
Shares issued 12,484,316
SPAI Close 2024-04-22 C$ 0.38
Mr. Anoosh Manzoori reports
SPARC AI TAKES DELIVERY OF MICROCHIPS
Sparc AI Inc. has taken delivery of the Coral microchips, accelerators and development board from Google.
Sparc AI has started embedding and integrating Sparc AI into the microchips.
Once the integration is complete, it will install the microchip onto a drone and record its first test flight to determine the location of distant objects without the use of GPS, Internet or satellite.
The test flight will be recorded and shared with shareholders by a news release.
About Sparc AI Inc.
Sparc AI has developed and patented the spatial predictive approximation and radial convolution. This includes proprietary algorithms that use 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 Internet protocol 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.
Rocketred
1 month ago
Sparc AI develops Interspace
2024-04-19 12:20 ET - News Release
Shares issued 12,484,316
SPAI Close 2024-04-18 C$ 0.395
Mr. Anoosh Manzoori, reports
SPARC AI PROVIDES AN UPDATE
Sparc AI Inc. has provided an update on operations.
Sparc AI recently announced the development of a new product, Interspace, that allows users to record the distance to any object located away from them.
Various factors determine how far a drone can fly, including the drone's battery life, the strength of its transmission system, the amount of lift it can generate as well as weather conditions along its flight path. Having successfully tested Interspace on the ground, Sparc AI plans to test the new product on drones to survey points of interest that are well beyond their distance range limits.
According to the Federal Aviation Federation in the United States, there are 780,226 drones registered. This does not include military drones or UAVs (unmanned aerial vehicles). If Interspace is successfully tested on drones, there may be a large market opportunity for Sparc AI. From Sparc AI's experience with fixed-camera devices installed on towers in forestry areas for bushfire and lighting detection, the company's algorithms performed extremely well at high altitude. Sparc AI is looking forward to reporting the outcomes of its trials.
Management is working to build a portfolio of geospatial products for the military and defence, situation awareness, reconnaissance, security, and commercial sectors. There are half a dozen products in Sparc AI's pipeline to be announced once they reach testing stage.
In GPS-denied (Global Positioning System) environments or situations where the GPS signals are not available, Sparc AI can record its geospatial data using its proprietary patented algorithms. Alternative GPS technologies for identifying locations are complex, expensive and may only provide approximate estimations. These solutions use gravity anomaly, magnetic anomaly, celestial and lidar technologies. They may also require connections to the Internet or satellite. Further, these systems appear to measure the location of the sensors only, unlike Sparc AI, which can measure the location of distant objects at different locations to the sensor.
The company is working to build its product portfolio for GPS-denied environments with no connectivity to satellite or Internet. As its core technology is software and proprietary algorithms, Sparc AI's solutions will also be covert and not identifiable by other sensors or radar.
Sparc AI plans to embed its technology into a microchip, with work already commenced to integrate into the Google Coral chip.
We seek Safe Harbor.
Rocketred
2 months ago
SPAI restructure 2.2 million Divvy to shareholders = The deferred cash consideration covered by the security charge will protect shareholders and when the $2.2-million is received by the company, the board plans to distribute these fund
A deferred cash consideration of $2.2-million in the event Eyefi Pty. is sold or divests part or all its assets or undertakes a capital raise or is in default;
A registered security charge over the assets of Eyefi until the $2.2-million is paid in full to the company;
A promissory note of $2.2-million issued by Eyefi to the company;
Eyefi is responsible for all liabilities and accounts payables of the company up to and including the close of the transaction;
The company has assigned a fully drawn loan facility (dated Nov. 29, 2022) of $222,578 to Eyefi. The loan has 10-per-cent interest and 15-per-cent penalty interest. The 592,105 warrants issued to the investor with an exercise price of 40 cents and expire on Nov. 25, 2024, have also been cancelled.
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