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07:10:53 EDT Sun 16 Jun 2024
Enter Symbol
or Name
USA
CA



Sparc AI Inc
Symbol SPAI
Shares Issued 9,094,539
Recent Sedar Documents

Sparc AI working to put its IP into microchips

2023-08-14 17:47 ET - News Release

Subject: SPARC AI Announces Corporate Strategy PDF Document File: Attachment SPARC AI Announces Corporate Strategy.pdf SPARC AI INC. NEWS RELEASE SPARC AI INC ANNOUNCES CORPORATE STRATEGY August 14, 2023 Toronto, Canada SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (Frankfurt: 5OV) ("SPAI" or the "Company") announces its corporate strategy to commercializing its geospatial intellectual property. SPARC AI is working to embed SPARC AI algorithms and modules into a microchip. The chip will provide a covert geospatial capability and can be installed in drones and UAV's, fixed camera devices, motor vehicles, sensors and wearables. SPARC AI's patented algorithms embedded in a chip will deliver unprecedented geospatial capability that is covert, scalable, fast and accurate. The solution will be ideal for military, surveillance, target acquisition, asset protection, and situational awareness. SPARC AI is reviewing several chip vendors including Google's Coral platform https://coral.ai/products to realize this opportunity. It is also exploring partnership opportunities to get to market quickly and cost effectively. The SPARC AI chip can be sold via established distributors and resellers on a fix fee plus recurring revenue model. The Company is also releasing its shareholder presentation here. A copy is also available on the Company's website https://www.sparcai.co/investors. The Company will provide further progress updates to the market. For more information contact: Anoosh Manzoori, CEO SPARC AI INC. Email: anoosh@shape.capital Tel: 61.409 252 088 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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