20:27:17 EDT Mon 22 Jun 2026
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Sparc AI Inc
Symbol SPAI
Shares Issued 26,127,421
Close 2026-06-22 C$ 2.64
Market Cap C$ 68,976,391
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Sparc AI registered as authorized user under AUKUS

2026-06-22 18:15 ET - News Release

Mr. Anoosh Manzoori reports

SPARC AI REGISTERED AS AUKUS AUTHORISED USER, OPENING PATHWAY TO US AND UK DEFENCE MARKETS

Sparc AI Inc. has been registered by the Australian government as an authorized user under the AUKUS licence-free environment, a designation that lets the company move eligible defence technology to U.S. and United Kingdom partners without a separate export permit.

Established under the Defence Trade Controls Amendment Act 2024, the licence-free environment removes permit requirements for most controlled goods, technology and services traded between authorized users in the three nations.

The designation is most consequential for Sparc AI's work with United States-built drone platforms. It gives the company a direct, permit-free route to embed its GPS-denied geolocation and target acquisition software into the systems of approved U.S. drone manufacturers and integrators collapsing a process that previously ran on a permit-by-permit basis into one that can move at the pace of commercial development.

"Registration as an AUKUS authorized user is a significant commercial and strategic milestone," said Anoosh Manzoori, chief executive officer of Sparc AI. "It lets us supply eligible controlled technology to authorized partners across the alliance without a stand-alone export permit, and it positions Overwatch inside the platforms our partners are already fielding."

Use of the licence-free environment remains subject to eligibility, prenotification and record-keeping obligations administered through Australia's defence export controls regime.

About Sparc AI Inc.

Sparc AI develops software that delivers precision target acquisition and navigation for defence drones and autonomous systems operating in GPS-denied environments. Software-only and hardware-agnostic, its passive with no radar, lidar or emissions that can be detected or jammed. Sparc AI's flagship platform, Overwatch, provides detection, tracking and multidrone co-ordination across the connected fleet, giving operators and commanders decisive situational awareness on the modern battlefield.

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