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SPARC AI Completes a Major Milestone with the Development of a Mobile Application



SPARC AI INC
 

April 4, 2024TheNewswire - Toronto, Canada – SPARC AI INC.  (CSE:SPAI) (OTC:EGTTF) (Frankfurt:5OV0) (“SPAI” or the “Company”) is pleased to provide an update on operations.

 

The productization of the SPARC AI intellectual property is progressing. During the past month the Company completed the following development:

 

Mobile Application Implementation: A mobile application with essential camera functionality has been developed, enabling orientation towards points of interest and data retrieval. Features for capturing location data, including location, heading, and tilt retrieval, have been implemented.

 

The development team are currently undertaking extensive testing. A process of fine-tuning the algorithms involves iterative steps, where the setup is carefully configured to simulate real-world scenarios, particularly those involving heights. This iterative approach is necessary to ensure that the algorithms perform optimally under varying conditions and heights. However, due to the complexity of the algorithms and the iterative nature of the fine-tuning process, it is inherently time-consuming. Each iteration involves adjustments, testing, and analysis to gauge the algorithm's performance accurately. This meticulous approach is essential to achieving the desired accuracy and reliability in distance calculation and other functionalities.

 

Core Library Development: Progress is being made in developing a core library in Python, facilitating third-party integration for seamless incorporation into devices such as drones and cameras. This library enables communication between the mobile application and external devices, enhancing data transmission and interaction. Fine-tuning of the core library is ongoing to improve accuracy in distance calculation.

 

Firmware Environment Setup: The development is working on the integration into the SPARC AI microchip. Utilizing the Debian Linux-based OS named Mendel for Coral development boards ensures efficient running of SPARC AI algorithms. Compatible operating systems for chosen hardware platforms are being selected to optimize system performance.

 

Interface Development: The Company is working on establishing a robust serial communication interface to acquire camera feeds from various external third-party devices. This interface acts as a vital bridge, enabling the transfer of raw camera data to be processed by microchips for precise distance and location approximation.

 

SPARC AI is also expecting to take delivery of the Coral microchip boards and Accelerator boards in the next couple of weeks.

 

The Company looks forward to providing further updates to the market including a demonstration of the SPARC mobile app.

  

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

 

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. NO SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

 

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.