(TheNewswire)
April 18, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC. (CSE:SPAI)(OTC:EGTTF) (Frankfurt:5OV0) (“ SPAI ” or the“ Company ”) is pleased to announce that it has developed a newdistance measurement solution Interspace Application using its proprietary algorithms.
SPARC AI can remotely record the geolocation of adistant object. We have nowtaken it a step further and developed the ability to record the distance of anyobject that is away from us.
One of the most common use cases to recording thedistance of an object away from you is in the autonomous vehiclesector. Companies such as Tesla and Waymo use a variety oftechnologies such as Lidar, Radar, Ultrasonic Sensors, and Laser.These technologies are also often expensive and heavy that make themunpractical for use on drones.
Leveraging SPARC AI proprietarypatented algorithms and software we have developed the InterspaceApplication that determines the distance to any object without theassistance of any other technology or sensor. You can see a shortvideo we made recently testing this new application above railwaytracks. In this demonstration we are measuringthe distance away from us in meters and cm.
We will provide further videos as we refine and improvethis new feature. We aim to make the SPARC AI Interspace Applicationavailable to customers as an additional annual paid add-on to ourgeolocation solution. It will be integrated into the SPARC AImicrochip and customers will be able to pull the data into their ownapplications and internal systems. They will also be able to run theirown AI models using our data. Note the graphic design of our app isonly for demonstration and testing purposes.
The Company will make further announcements asrequired. We have also launched a new section on our website todescribe new SPARC AI features and applications as they are launched https://www.sparcai.co/new-features .
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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