DarkPulse, Inc. Closes Acquisition of Certain Assets of Optilan UK Ltd Including Subsidiaries in India and Turkey

Rhea-AI Summary

DarkPulse, Inc. (DPLS) expands its operations in India and Turkey by acquiring assets of Optilan UK Ltd, including two subsidiaries. These acquisitions align with the company's global expansion plan, focusing on pipeline structural health monitoring and security in key infrastructure markets. The company's CEO, Dennis O'Leary, emphasizes the operational superiority gained through these acquisitions and the strategic partnerships in India, Turkey, Europe, UAE, and Oman.

DarkPulse secures operations in India and Turkey as part of the Company’s Expansion Goals

HOUSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- DarkPulse, Inc. (OTC: DPLS) (“DarkPulse”, “DPLS", or "the Company") today announced the acquisition of certain assets of Optilan UK Ltd including two operating subsidiaries. The subsidiaries acquired are Optilan India Pvt Ltd, a major engineering group that designed multiple installations across the globe including security, rail, oil and gas, telecoms and, most importantly, distributed fiber optic sensor systems (DFOSS). The second entity acquired is Optilan Communications & Security Systems Ltd (Turkey) who has played a key role in projects such as the Trans-Anatolian Natural Gas Pipeline (TANAP) installation as well as maintenance services for one of the world’s largest pipelines and its operator. The Turkish-based company is also responsible for multiple contracts across the Middle East including Libya and Iraq.

The acquisitions are in line with the Company’s plan to expand operations throughout India as well as open operations in Europe, UAE, and Oman as part of its global expansion plan. Recent news reports related to oil and gas infrastructure developments throughout both regions are attractive to DarkPulse as the Company begins full manufacturing of its patented high resolution brillouin optical time domain analysis (BOTDA) fiber optic sensor systems with a concentration in pipeline structural health monitoring and security.

“The acquisition of assets directly related to operational superiority is a key milestone for the Company,” said Dennis O’Leary, founder and CEO of DarkPulse Inc. “Both India and Turkey teams have decades of experience bringing DarkPulse advanced sales and engineering capabilities as we expand into key European, Middle Eastern and India infrastructure markets,” he continued. “Our partnership with the OM Kothari Group brings us into India and having an engineering team with deep operational experience and community ties in-country streamlines operations and affords rapid market penetration allowing us to secure a market leader position.”

About DarkPulse, Inc.

DarkPulse, Inc. uses advanced laser-based monitoring systems to provide rapid and accurate monitoring of temperatures, strains, and stresses. The Company’s technology excels when applied to live, dynamic critical infrastructure and structural monitoring, including pipeline monitoring, perimeter and structural surveillance, aircraft structural components and mining safety. The Company's fiber-based monitoring systems can assist markets that are not currently served, and its unique technology covers extended areas and any event that is translated into the detection of a change in strain or temperature. In addition to the Company’s ongoing efforts with respect to the marketing and sales of its technology products and services to its customers, the Company also continues to explore potential strategic alliances through joint venture and licensing opportunities to further expand its global market position. For more information, visit www.DarkPulse.com

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans, and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise.

Contact info: PR@Darkpulse.com, 800-436-1436

FAQ

What assets did DarkPulse, Inc. (DPLS) acquire as part of its expansion goals?

DarkPulse, Inc. (DPLS) acquired certain assets of Optilan UK Ltd, including two operating subsidiaries: Optilan India Pvt Ltd and Optilan Communications & Security Systems Ltd (Turkey).

What are the focus areas of the acquired subsidiaries in India and Turkey?

The subsidiaries focus on engineering, security, rail, oil and gas, telecoms, and distributed fiber optic sensor systems (DFOSS). In Turkey, they have been involved in projects such as the Trans-Anatolian Natural Gas Pipeline (TANAP) installation and maintenance services for large pipelines in the Middle East.

How does the acquisition align with DarkPulse, Inc.'s global expansion plan?

The acquisitions are part of the company's plan to expand operations throughout India and open operations in Europe, UAE, and Oman, focusing on pipeline structural health monitoring and security in key infrastructure markets.

What does the CEO, Dennis O'Leary, emphasize about the acquisitions?

Dennis O'Leary highlights the operational superiority gained through the acquisitions and the strategic partnerships in India, Turkey, Europe, UAE, and Oman, positioning the company as a market leader in these regions.