SPARC AI INC - EGTTF STOCK NEWS

EYEfi Group Technologies Inc. (CSE:EGTI, OTC PINK:EGTTF) announces a 49% increase in sales revenue for H2 2021 compared to H2 2020. Key developments include being shortlisted for a multimillion-dollar tender with Telstra and launching the EYEfi Cloud application in collaboration with a major camera manufacturer. Additionally, a new order was secured from Melbourne Water Corporation for EYEfi SPARC technology, enhancing its market presence. The company anticipates significant revenue growth with upcoming product launches in Australia, New Zealand, and the USA.

EYEfi Group Technologies Inc. (CSE:EGTI)(OTC PINK:EGTTF) announced its CEO Simon Langdon will meet with potential enterprise customers in the US next month to promote the SPARC technology, designed for drones and autonomous vehicles. This patented technology enables spatial tracking and situational awareness without relying on GPS or internet. Successful implementations include partnerships with Transurban Group and Melbourne Water Corporation. EYEfi aims to expand its presence in the US and Australia and leverage its technology for various commercial applications.

EYEfi Group Technologies has announced that the Department of Transport (DOT)EYEfi Cloud API, an extension of its Automated Incident Management (AIM) platform. This integration allows real-time incident data sharing across various government applications, enhancing the management of incidents on major arterial roads. The AIM product already processes over 3,000 incidents monthly for VicRoads and DOT, improving incident visibility and operational efficiency.

EYEfi Group Technologies (CSE:EGTI, OTC PINK:EGTTF) has announced the deployment of its SpatialEye App in a world-first mobile fire spotting application for Melbourne Water Corporation. This app utilizes EYEfi's SPARC technology to help personnel efficiently identify bushfires using smartphones. Phase one implementation serves as a significant customer reference site for EYEfi, enhancing its market position. This deployment follows previous successful installations of SPARC technology at MWC for asset protection.

EYEfi Group Technologies Inc. (CSE:EGTI, OTC PINK:EGTTF) announced an expansion of its bushfire monitoring solution for Melbourne Water Corporation during the 2021/2022 fire season. Utilizing its proprietary SPARC technology, EYEfi enhances situational awareness without relying on GPS or the internet. The new site at Mt Gregory aims to bolster asset protection in bushfire-prone areas. CEO Simon Langdon expressed satisfaction with the program's success and commitment to ongoing safety improvements. EYEfi is also assessing further site expansions for the network.

EYEfi Group Technologies has announced its approval for DTC full-service eligibility, allowing its shares to be traded electronically in the U.S. This move aims to enhance investor access and increase liquidity for EGTTF. The DTC process expedites share settlements, benefiting both investors and brokers. EYEfi specializes in innovative spatial technology and IIoT solutions, and this eligibility is seen as a strategic step to attract a broader investor base and streamline operations.

EYEfi Group Technologies Inc. has partnered with Thomas Armstrong of Tyley Capital Group, LLC, to explore opportunities for its SPARC technology in the autonomous vehicle and drone sectors across the U.S. Armstrong brings 37 years of legal experience in venture capital and M&A, enhancing EYEfi's strategic outreach. The SPARC technology, equipped with proprietary algorithms, is designed for covert geo-targeting without GPS reliance, expanding its use in various industries. EYEfi aims to leverage this partnership to grow its U.S. customer base, particularly within the drone market.

EYEfi Group Technologies (CSE:EGTI, OTC PINK:EGTTF) has announced an agreement with Melbourne Water Corporation to extend the use of its patented SPARC technology for the upcoming fire season (2021/22). This partnership follows a successful deployment in 2020/21, leveraging EYEfi’s spatial technology for accurate bushfire detection and monitoring. As part of the expansion, MWC will gain access to the SpatialEye smartphone app and will pilot an AI-based smoke plume detection feature in early 2022. EYEfi's technology enhances safety and efficiency in managing bushfire risks across critical water assets.

EYEfi Group Technologies has entered a strategic development agreement with a leading global camera manufacturer, enhancing their cloud capabilities for end-users. This collaboration will enable users to effortlessly activate and monitor cameras via EYEfi Cloud, tapping into a vast distributor network in Australia and New Zealand. EYEfi anticipates significant revenue from monthly subscription fees and boasts over $35 million in its sales pipeline. The product is slated for a market release between January and March 2022.