(TheNewswire)
May 17, 2024 – TheNewswire - Toronto, Canada - SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (“SPAI” or the“Company”) is pleased to announce it hasaccepted a proposal from a US based financial institution to act assponsor and advisor for an OTCQB listing in the United States.
The Company’s existing EGTTF listing will beupgraded, and a new ticker code issued to better reflect theCompany’s name. Over the past couple of months there has beenincreasing activity and interest from investors and market makers fromthe United States. The OTCQB listing will make the SPARC AI securitiesavailable to a broader market of investors and financial institutions.
The OTCQB listing is expected to take around 5 weeks.To support the launch of the OTCQB listing, the Company is planning tohire an investor relations firm.
The integration of the SPARC AI microchip has beencompleted. Engineers are conducting extensive testing in preparationfor installing the microchip onto a drone. The Company is also workingto file a new patent in autonomous drones. More details will beprovided to the market after the patent has been filed.
Management is preparing to travel to the United Statesto roadshow the technology to entities involved in defence andnational security.
To support the above-mentioned activities, ChiefExecutive Director, Anoosh Manzoori, will invest CAD$84,000 into theCompany by exercising 260,000 warrants and 300,000 options atCAD$0.15.
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: Click Here
Anoosh Manzoori, CEO SPARC AI INC. Email: anoosh@sparcai.net Phone: +61.3.9666338 |
THE CANADIAN SECURITIES EXCHANGE HASNOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY ORADEQUACY OF THIS RELEASE. NO SECURITIES COMMISSION OR OTHER REGULATORYAUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINEDHEREIN.
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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