Stockwatch

Sparc AI Inc
Symbol	SPAI
Shares Issued	9,094,539
Close 2023-09-11	C$ 0.20
Market Cap	C$ 1,818,908
Recent Sedar+ Documents

Sparc AI selects Coral for geospatial chip development

2023-09-20 09:06 ET - News Release

Subject: SPARC AI SELECTS GOOGLE CORAL TO LAUNCH GEOSPATIAL CHIP FOR AUTONOMOUS DRONES PDF Document File: Attachment SPARC AI Selects Google's Coral .pdf SPARC AI INC. NEWS RELEASE SPARC AI SELECTS GOOGLE CORAL TO LAUNCH GEOSPATIAL CHIP FOR AUTONOMOUS DRONES September 20, 2023 Toronto, Canada SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (Frankfurt: 5OV0) ("SPAI" or the "Company") is pleased to announce it has selected Coral as the preferred platform for embedding its patented geospatial code. Coral (https://coral.ai) is a company owned by Google for developing AI applications on microcontroller boards and processor chips. Coral helps bring on-device AI application ideas from prototype to production. They offer a platform of hardware components and software tools to allow SPARC AI to integrate its code base and launch its own commercial chip for sale. https://vimeo.com/866263753 By leveraging Coral, SPARC AI can offer an industry accepted microchip that can be integrated into any sensor or camera device. It can also be integrated into drones and robot devices. The chip integration will make SPARC AI products covert and leverage edge computing with no connection to the cloud or internet. It will deliver unprecedented geospatial capability that is highly scalable, fast and accurate. The Company plans to offer its customers a simple plug and play integration of SPARC AI. It could also launch its own branded drones by partnering with an OEM drone manufacturer. SPARC AI is working with a local software and embedded systems engineering firm to undertake the technical work. For more information contact: Website: https://www.sparcai.co Investor Presentation: Click Here Anoosh Manzoori, CEO SPARC AI INC. Email: anoosh@shape.capital 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.