(via TheNewswire)

August 13, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC.  (CSE: SPAI) (OTC: SPAIF) (“SPAI” or the “Company”), is pleased to announce that the Company has created a solution for autonomous flight for the Parrot ANAFI USA drone.

In late 2023, the Company put forward a path to develop and re-engineer the core IP and technology, embed it into microchips, mobile phones and high-end drones used by first responders. The Company also set an ambitious goal to leverage the SPARC AI algorithms to power a drone in autonomous flight.

The Company is pleased to report that it has successfully deployed the SPARC AI algorithms on the Parrot ANAFI USA drone and successfully completed a series of autonomous flights that demonstrates the drone self-navigating and flying autonomously without GPS, lidar, radar, satellite or image recognition software. Setting up the autonomous flight is done whilst the drone is deployed in the air and activated within seconds of identifying the target location. There is no need for complex flight path orchestration software or building the flight path offline and then uploading to the drone.

The company has recorded a test flight that demonstrates the drone recording the geo location of a parked car and then self-navigating, without GPS, to the exact location before flying back to base also without GPS. There is a connection between the drone and the controller for safety and for sending commands manually only when required. The video has been unedited and unscripted and presented in its raw form to fully demonstrate the drone in action.

Having reached this critical milestone, the Company is planning to extend the technology for several use cases. For instance, using algorithms that provides instructions to the SPARC AI enabled drone to self-navigate based on its environment for defence, border control, search and rescue and security.

The Company looks forward to providing more updates.

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

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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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