07:12:04 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Sparc AI Inc
Symbol SPAI
Shares Issued 9,094,539
Close 2023-10-20 C$ 0.19
Market Cap C$ 1,727,962
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Sparc AI selects development partner for microchip

2023-10-20 09:01 ET - News Release

Mr. Anoosh Manzoori reports

SPARC AI SELECTS DEVELOPMENT PARTNER FOR SPARC AI ON A MICROCHIP

Sparc AI Inc. has now selected an embedded systems engineering and software company to assist with the development of a mobile application and a microchip with embedded Sparc AI patented code and algorithms. Sparc announced on Aug. 21, 2023, that it was working on selecting a development partner to move the company's existing patented IP (intellectual property) to a product format for commercialization.

The development will take approximately four months to complete and will result in the company launching powerful products for security, surveillance, search and rescue, and reconnaissance activities. The development will be carried out by a highly experienced firm and Sparc AI will retain all intellectual property rights to all existing and new code, systems, processes and knowhow.

Sparc AI aims to demonstrate a powerful ground-to-air navigation platform that is fully autonomous, covert and not connected to GPS.

On completion of the proposed development works, Sparc AI will be able to demonstrate the following capabilities, including:

  • A person taking a photo of an object that is up to 500 metres away. The photo will be sent to a drone via SMS (short message service). A drone will autonomously fly to the object image location (not the location of the person). The drone will fly autonomously with no GPS, Internet, satellite connection or human intervention. For demonstration purposes, it will have cellular connectivity to receive the image.
  • Attaching a camera to a car and driving for three kilometres. Once the destination is reached, uploading images to a drone and instructing the drone to fly back using only the Sparc algorithms. This demonstration will not use GPS, satellite or human intervention, and the drone will fly autonomously back to base via the same path travelled by the car.

In GPS-denied environments or situations where the GPS signals are not available, Sparc AI can record geospatial data using its proprietary patented algorithms to create new navigation systems and applications. Alternative GPS technologies for identifying locations are complex, expensive and may provide approximate estimations only, which include gravity anomaly, magnetic anomaly, celestial and lidar (light detection and ranging) technologies. They may also require connections to the Internet or satellite. Further, these systems appear to measure the location of the sensors only, not the location of distant objects at different locations to the sensor.

The launch of the Sparc AI microchip and mobile application marks a transformative turnaround for the company. The company will make further announcements providing updates on the development work and video demonstrations of the products at an official launch early next year.

We seek Safe Harbor.

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