SPARC AI INC - EGTTF STOCK NEWS

EYEfi Group Technologies Inc. (CSE:EGTI)(OTC PINK:EGTTF) has secured a $200,000 order from Telstra Corporation Limited for its EYEfi Cloud, Automated Incident Management (AIM) product. This service is utilized by the Victorian Government's Department of Transport and Melbourne Water Corporation for enhanced management of incidents and wildfire tracking. The AIM product supports GPS tracking and automates incident processes across the Department of Transport's fleet. EYEfi plans to release further sales updates as additional contracts are nearing completion.

EYEfi Group Technologies Inc. (CSE:EGTI)(OTC:EGTTF) announced a significant upgrade to its SPARC installation for Melbourne Water Corporation and deployed a remote site enhancing bushfire detection capabilities. This upgrade allows Victorian Government's fire agencies to access improved real-time fire monitoring across expansive water catchments. EYEfi plans to propose extending this solution to over 40 additional sites. The technology is entirely self-sustainable, operating on solar power and utilizing Telstra’s 5G/LTE network. CEO Simon Langdon emphasized the importance of this opportunity to showcase EYEfi's innovative solutions.

On February 27, 2023, EYEfi Group Technologies (CSE:EGTI) (OTCPink:EGTTF) announced a collaboration with Axis Communications, offering a free 6-month subscription to EYEfi Cloud Connect for all new and existing Axis customers. Axis, a leading network video provider, will pay for the subscription to encourage adoption of EYEfi's cloud-based video surveillance service, which simplifies security management for users. EYEfi aims to expand globally, having signed three distributors in Oceania and negotiating with a major global distributor. Shares are currently trading at $0.35.

EYEfi Group Technologies Inc. (CSE:EGTI)(OTC PINK:EGTTF) has launched a partnership with Axis Communications to offer a free 6-month subscription to EYEfi Cloud Connect for all new and existing Axis customers. This initiative aims to enhance product visibility and connectivity, as Axis sells millions of camera devices annually in Australia and Asia. EYEfi will receive full payment for these subscriptions. The EYEfi Cloud Connect service provides a cloud-based video surveillance solution, facilitating remote management of surveillance footage. This collaboration is expected to accelerate sales and adoption of EYEfi products through support from major distributors in Oceania.

EYEfi Group Technologies announces a major update for its EYEfi Cloud Connect (ECC) set for February 18, ahead of schedule, enhancing its position in the rapidly expanding Video Surveillance as a Service (VSaaS) market, projected to grow from USD 3.3 billion in 2022 to USD 7.6 billion by 2027 at a CAGR of 18.0%.

The ECC solution allows remote management of surveillance footage, offering significant cost savings and scalability. EYEfi has signed three major distributors and is in negotiations with several more, aiming to capitalize on the increasing demand for cloud-based surveillance solutions.

EYEfi Group Technologies has successfully listed its securities on the Frankfurt Stock Exchange (FSE), expanding its market reach to European investors. The company continues its trading on the Canadian Securities Exchange under the symbol EGTI. CEO Simon Langdon expressed enthusiasm about this milestone, emphasizing the increased access for institutional and retail investors in Europe. EYEfi specializes in innovative spatial technologies and IIoT sensor hardware, enhancing geo-targeting capabilities through its EYEfi Cloud platform. This development positions EYEfi favorably in a competitive landscape, potentially driving growth and investor interest.

EYEfi Group Technologies Inc. (CSE:EGTI)(OTC PINK:EGTTF) announced its intention to list shares on the Frankfurt Stock Exchange, Germany's largest trading platform, to enhance investor access and trading liquidity. CEO Simon Langdon emphasized that this listing aims to attract institutional and retail investments across Europe. Additionally, the company issued 200,000 options to an external consultant at an exercise price of CAD$0.50 over three years. EYEfi continues to be listed on the Canadian Securities Exchange. Further updates will be provided upon completion of the listing.