SPARC AI INC ANNOUNCES PRODUCT STRATEGY & PATHWAY TO COMMERCIALIZATION

TORONTO, CANADA, August 21, 2023/EINPresswire.com/ -- SPARC AI INC. (CSE: SPAI) (OTC:EGTTF) (Frankfurt: 5OV0) ('SPAI' or the 'Company') announces its product strategy and pathway to commercialization.

SPARC AI has started engaging local software and embedded system engineering firms to build a product layer for the Company’s existing intellectual property. The product mix could be sold individually or integrated into one complete geospatial end-to-end ground to air solution for situation awareness, security, and surveillance use cases.

Ground Field - Mobile Application Solution
SPARC AI embedded into a mobile app. The solution is useful for field staff on the ground for security, surveillance, facility management & maintenance, and reconnaissance work.

Ground Fix & Air - Fixed Camera Solution
SPARC AI integrated into fixed camera devices on the ground or in the air (drones and UAVs) for asset protection, bush fire detection, situation awareness, security, and surveillance.

Microchip Solution
SPARC AI has also received proposals to integrate SPARC AI into a small credit-card sized computer (3.4 inches or 8.6 cm), SPARC AI MINI. The solution will allow the Company to sell the device as a simple plug and play integration into 3rd party hardware and sensor systems in commercial and military applications. SPARC AI could also launch its own branded drones by partnering with an OEM drone manufacturer.

After the integration into the small computer, the Company can then proceed with the final step to integrate and launch an AI microchip with the embedded SPARC AI geospatial code base. This will allow customers to install the SPARC AI microchip into any sensor or camera and determine the location of any object in the field. It will be covert and leverage edge computing with no connection to the cloud or internet. It will deliver unprecedented geospatial capability that is covert, scalable, fast and accurate.

SDK Development
The Company will also develop and make available a Software Development Kit (SDK). Customers can either use the SPARC AI developed products or use the SDK to integrate SPARC AI into their own proprietary products and systems.

There is an estimated 3-month development sprint to launch the Ground Field solution and SDK and a further 3 to 4 months to complete the Ground Fix & Air, SPARC AI MINI and the AI Microchip. Once development starts, the Company expects to have a full working demo and SDK in 3 months to start engaging with potential customers and distributors.

The Company is tendering the development work and will make an announcement when it has selected the software and embedded system engineering firm to undertake the works.

For more information contact:

Website: https://www.sparcai.co
Investor Presentation: Click Here

Anoosh Manzoori, CEO
SPARC AI INC.
Email: [email protected]
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.

Anoosh Manzoori
SPARC AI INC
+61 409 252 088
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