SPARC AI Makes Progress Towards Commercialization with the Launch of a Target Acquisition System and Autonomous Flight Solution

(via TheNewswire)

August 26, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC.  (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) (“SPAI” or the “Company”) is excited to announce that it is released two core innovative products to market including a Target Acquisition System and Autonomous Flight Solution.

These products leverage the SPARC AI core technology and can operate without GPS, satellite, lidar, radar, laser, image recognition or any other complex and expensive hardware or software.

SPARC AI’s Target Acquisition System is covert and highly flexible software installed on any camera device for drones and large surveillance systems. Used for making tactical and mission critical decisions, the technology can determine the location and distance to any distant object, without connection to GPS.

SPARC AI’s Autonomous Flight Solution allows customers to deploy and fly drones autonomously using SPARC AI algorithms in GPS denied environments. The Company is also working on extending the capability for autonomous flight without a controller and connection to base.

The Company is pleased to announce that is also launching its consulting and integration services to support customers that wish to create a bespoke solution leveraging SPARC AI products in their critial missions. Customers will also have the option to use SPARC AI’s microchip integration service.

SPARC AI has launched its new corporate website in preparation for commercialization activities including details of the product offerings.

https://www.sparcai.co

The Company continues to undertake performance testing of the solution to create a detailed user guide and specification manual for customers. It is also continuing to fine tune, enhance and develop its technology.

About SPARC AI

SPARC AI designs and develops high tech solutions for GPS denied environments that enhance perception and awareness. The Company has developed an innovative Target Acquisition System and Autonomous Flight solution for drones without requiring GPS, satellite, lidar, radar, image recognition or any other complex hardware or software solution.

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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