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

Refinitiv3 min read

(TheNewswire)

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

These products leverage the SPARC AI core technologyand can operate without GPS, satellite, lidar, radar, laser, imagerecognition or any other complex and expensive hardware orsoftware.

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

SPARC AI’s Autonomous Flight Solution allowscustomers to deploy and fly drones autonomously using SPARC AIalgorithms in GPS denied environments. The Company is also working onextending the capability for autonomous flight without a controllerand connection to base.

The Company is pleased to announce that is alsolaunching its consulting and integration services to support customersthat wish to create a bespoke solution leveraging SPARC AI products intheir critial missions. Customers will also have the option to useSPARC AI’s microchip integration service.

SPARC AI has launched its new corporate website inpreparation for commercialization activities including details of theproduct offerings.

https://www.sparcai.co

The Company continues to undertake performance testingof the solution to create a detailed user guide and specificationmanual for customers. It is also continuing to fine tune, enhance anddevelop its technology.

About SPARC AI

SPARC AI designs and develops high tech solutions forGPS denied environments that enhance perception and awareness. TheCompany has developed an innovative Target Acquisition System andAutonomous Flight solution for drones withoutrequiring GPS, satellite, lidar, radar, image recognition or any othercomplex hardware or software solution.

For more information contact:

Website: https://www.sparcai.co

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 statementsand forward-looking information within the meaning of applicablesecurities laws. These statements relate to future events or futureperformance. All statements other than statements of historical factmay be forward-looking statements or information.

The Company provides forward-looking statements for thepurpose of conveying information about current expectations and plansrelating to the future and readers are cautioned that such statementsmay not be appropriate for other purposes. By its nature, thisinformation is subject to inherent risks and uncertainties that may begeneral or specific and which give rise to the possibility thatexpectations, forecasts, predictions, projections or conclusions willnot prove to be accurate, that assumptions may not be correct and thatobjectives, strategic goals and priorities will not be achieved. Theserisks and uncertainties include but are not limited those identifiedand reported in the Company’s public filings under the Company’sSEDAR profile at www.sedar.com. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially from thoseanticipated in such statements. The Company disclaims any intention orobligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwiseunless required by law.

Accordingly, readers should not place undue reliance onthe forward-looking statements, timelines and information contained inthis news release. Readers are cautioned that the foregoing list offactors, assumptions and exclusions is not exhaustive.

The forward-looking statements and informationcontained in this news release are made as of the date hereof and noundertaking is given to update publicly or revise any forward-lookingstatements or information, whether as a result of new information,future events or otherwise, unless so required by applicablesecurities laws or the Canadian Securities Exchange. Theforward-looking statements or information contained in this newsrelease are expressly qualified by this cautionary statement.