(TheNewswire)
May 10, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE:SPAI)(OTC:EGTTF) (“ SPAI ” or the“ Company ”) is pleased to announce that it has successfullycompleted a simulation test at 50 km (31 miles) above sealevel.
The Company has created an elevation override functionto run the SPARC AI algorithms at extreme altitudes. The test wasconducted at altitude inputs of 10,000 feet to 164,000 feet (50km).All tests were successful in recording the correct geo coordinates anddistance to point of interest.
At 164,000 feet above sea level the SPARC AI algorithmssuccessfully recorded the geolocation of an area that is 39.38kmaway.
Commercial airlines travel between 30,000 to 40,000feet. SPARC AI algorithms have demonstrated the capability tocalculate geolocation and distance from the Stratosphere.
A video of the test can be found here:
MicrochipUpdate:
The integration of the SPARC AI algorithms andproprietary code onto the microchip is well advanced. The Companyexpects the integration to be completed in a couple of weeks.Following testing we will install the microchip onto a drone.
Further updates to be provided as we get closer to ourfirst test flight on a drone.
About SPARC AI
SPARC AI has developed and patented the S patial P redictive A pproximation and R adial C onvolution. This includes proprietaryalgorithms that uses proven mathematics to calculate the location ofdistant objects without using Satellite, GPS or the Internet. SPARC AIis developing a range of geospatial products using its core IP and isalso integrating these into a microchip to allow customers to activateSPARC AI on any of their camera device, including drones.
For more information contact:
Website: https://www.sparcai.co
Investor Presentation: ClickHere
Anoosh Manzoori, CEO SPARC AI INC. Email: anoosh@sparcai.net Phone: +61.3.9666338 |
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FORWARD LOOKING INFORMATION
This news release contains forward-looking statementsand forward-looking information within the meaning of applicablesecurities laws. These statements relate to future events or futureperformance. All statements other than statements of historical factmay be forward-looking statements or information.
The Company provides forward-looking statements for thepurpose of conveying information about current expectations and plansrelating to the future and readers are cautioned that such statementsmay not be appropriate for other purposes. By its nature, thisinformation is subject to inherent risks and uncertainties that may begeneral or specific and which give rise to the possibility thatexpectations, forecasts, predictions, projections or conclusions willnot prove to be accurate, that assumptions may not be correct and thatobjectives, strategic goals and priorities will not be achieved. Theserisks and uncertainties include but are not limited those identifiedand reported in the Company’s public filings under the Company’sSEDAR profile at www.sedar.com. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially from thoseanticipated in such statements. The Company disclaims any intention orobligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwiseunless required by law.
Accordingly, readers should not place undue reliance onthe forward-looking statements, timelines and information contained inthis news release. Readers are cautioned that the foregoing list offactors, assumptions and exclusions is not exhaustive.
The forward-looking statements and informationcontained in this news release are made as of the date hereof and noundertaking is given to update publicly or revise any forward-lookingstatements or information, whether as a result of new information,future events or otherwise, unless so required by applicablesecurities laws or the Canadian Securities Exchange. Theforward-looking statements or information contained in this newsrelease are expressly qualified by this cautionary statement.
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