InvestmentPitch Media Video Discusses SPARC AI, Newly Listed on the CSE and Addressing Opportunities in the Multi-Billion Dollar Geospatial Intellectual Property Space

Rhea-AI Summary

SPARC AI Inc., a new listing on the CSE, is focused on commercializing its geospatial intellectual property. The company holds a portfolio of 7 patents that allow for determining the location of any object without satellite, GPS, or internet connection. SPARC AI is working to embed its algorithms into a microchip for various applications such as drones, fixed camera devices, motor vehicles, and wearables. The technology enables geolocation of distant objects, building proprietary maps for surveillance and situational awareness. The company has a multi-billion dollar addressable market and is exploring partnership opportunities for market entry.

VANCOUVER, British Columbia, Aug. 16, 2023 (GLOBE NEWSWIRE) -- SPARC AI Inc. (CSE:SPAI) (OTCPink:EGTTF) (FSE:5OV0) is the latest new listing on the CSE, having previously traded as EYEFI Group. Following a major restructuring, and with only 9,091,000 shares issued, the company is moving towards commercializing its geospatial intellectual property, including a portfolio of 7 patents, which allows anyone to determine the location of any object without the need for satellite, GPS or an internet connection.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “SPARC” in the search box.

SPARC AI calculates the location or position of anything you can see or point at over any distance, height and terrain and is only limited by the resolution of the underlying model and the initial pointing data.

The company is working to embed SPARC AI algorithms modules into a microchip, which can be installed in drones and UAV’s, fixed camera devices, motor vehicles, sensors and wearables. SPARC AI’s patented algorithms embedded in a chip will deliver unprecedented geospatial capability that is scalable, fast and accurate. It is also 100% covert which is ideal for military, surveillance, target acquisition, asset protection, and situational awareness.

With the capability of capturing the location of any distant object, drones can survey points of interest well beyond their range limits. The technology can embed a proprietary patented algorithm into the image for location reverse lookup, allowing a user to click on an individual pixel within the image, instantly providing the geolocation of the pixel in the image thereby enabling a drone to be sent automatically to its destination. This powerful feature provides the ability to build proprietary maps of objects for surveillance, and situational awareness that benefits commercial, military and insurance use cases.

By utilizing a drone or a series of fixed cameras, a user can create a geofenced area of reference for situational awareness, surveillance, asset protection and tracking targets of interest and apply AI and machine learning to capture data over time and integrate 3rd party data for intelligence data analysis.

Collect large datasets of information from drone or fixed camera locations and use ChatGPT and natural language protocols to query proprietary location data for instant analysis or pull data from third party sources to build highly sophisticated and intelligent geolocation solutions.

According to a number of top management consulting and research organizations, the company has a multi-billion dollar addressable market.

SPARC AI is currently reviewing several chip vendors including Google’s Coral platform and other partnership opportunities to get to market quickly and cost effectively.

The shares are trading at $0.25. For more information about SPARC AI, please visit the company’s website www.SPARCai.co, contact Anoosh Manzoori, CEO, at +61.409 252 088 or by email at anoosh@shape.capital.

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The information in this InvestmentPitch Media Ltd video is for the viewers information only. SPARC AI Inc. has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd, through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What is the company name mentioned in the press release?

The company mentioned in the press release is SPARC AI Inc.

What is the stock symbol of SPARC AI Inc. on the CSE?

The stock symbol of SPARC AI Inc. on the CSE is SPAI.

What is the total number of shares issued by SPARC AI Inc.?

SPARC AI Inc. has issued 9,091,000 shares.

What is the main focus of SPARC AI Inc.?

SPARC AI Inc. is focused on commercializing its geospatial intellectual property.

What is the technology used by SPARC AI Inc. to determine object location?

SPARC AI Inc. uses a portfolio of 7 patents to determine the location of any object without satellite, GPS, or internet connection.

What applications can utilize SPARC AI's algorithms?

SPARC AI's algorithms can be embedded in drones, fixed camera devices, motor vehicles, sensors, and wearables.

What are the benefits of SPARC AI's geospatial capability?

SPARC AI's geospatial capability is scalable, fast, accurate, and 100% covert. It is ideal for military, surveillance, target acquisition, asset protection, and situational awareness.

What is the potential market size for SPARC AI?

According to top management consulting and research organizations, SPARC AI has a multi-billion dollar addressable market.

What chip vendors is SPARC AI reviewing for market entry?

SPARC AI is currently reviewing chip vendors, including Google's Coral platform, for market entry.

What is the current trading price of SPARC AI shares?

The current trading price of SPARC AI shares is $0.25.