August 6, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC.  (CSE: SPAI) (OTC: SPAIF) (“SPAI” or the “Company”), is pleased to announce that the Company has created and successfully launched a proprietary SPARC AI application for the Parrot ANAFI USA drone. The app takes full control of the drone’s flight management and navigation systems, and it also houses the SPARC AI proprietary geospatial algorithms and software.

The SPARC AI app is installed on the drone’s controller and allows a user to fully navigate and take geospatial recordings of distant objects. SPARC AI will release a commercial model to allow users to download the SPARC AI app onto their drone’s controller on a SaaS model.

The Company has conducted extensive testing of the drone with remarkable results. These tests have shown that we can determine the location of points of interest without relying on GPS. A video of one of the test flights can be seen here:

https://www.youtube.com/watch?v=szsupUR17ZE

The Company is also pleased to announce that it is working to enable the drone to fly autonomously without GPS which could have profound applications in commercial and defence industries. The autonomous flight will be activated via the SPARC AI app on the drone’s controller and sold under a SaaS model. In addition, the SPARC AI microchip installation on the drone will allow the drone to fly completely autonomously with no communication with the controller and rely solely on the AI algorithms and SPARC AI for navigation and decision making.

“Our engineers have demonstrated the portability of the SPARC AI software having successfully installed it on several types of microchips, mobile phones and now on a highly sophisticated drone. Our ability to use a drone to identify the location of any points of interest without relying on GPS, internet or the support of special sensors is a significant milestone for the Company.” said Chief Executive Officer, Anoosh Manzoori.

            

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

Investor Presentation: Click Here

 

Anoosh Manzoori, CEO SPARC AI INC. Email: anoosh@sparcai.net Phone: +61.3.9666338

     

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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.