InvestmentPitch Media Video Discusses SPARC AI’s Discovery of Powerful Application for its SPARC Intellectual Property and Patents Involving Navigation of Autonomous Drones

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VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- SPARC AI Inc. (CSE:SPAI) (OTCPink:EGTTF) (FSE:5OV0) has discovered a powerful application for its SPARC intellectual property and patents involving the navigation of autonomous drones.

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GlobeNewswire, Inc.

Retrieved on:

Tuesday, August 29, 2023

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SPAI, Partnership, GPS, CSE, SPARC, Agriculture, Research, Acquisition, Algorithm, Mining, News, Surveying

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VANCOUVER, BRITISH COLUMBIA, CA

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INVESTMENTPITCH MEDIA AND SPARC AI, INVESTMENTPITCH MEDIA

Summary

Key Points:

VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- SPARC AI Inc. (CSE:SPAI) (OTCPink:EGTTF) (FSE:5OV0) has discovered a powerful application for its SPARC intellectual property and patents involving the navigation of autonomous drones.
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.
SPARC’s patented algorithms, included in its portfolio of 7 patents, record the Location Points (Fx) of a drone’s flight path.
The SPARC data collected can be used to create a real-time navigation map on-board the drone.

VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- SPARC AI Inc. (CSE:SPAI) (OTCPink:EGTTF) (FSE:5OV0) has discovered a powerful application for its SPARC intellectual property and patents involving the navigation of autonomous drones. SPARC’s technology 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.

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. If you are unable to view this video, please watch on InvestmentPitch Media’s YouTube channel at this link: (click here)

Installing SPARC’s patented algorithms as an internal on-board navigation system within an autonomous drone eliminates the current procedure whereby on-board sensors and cameras use GPS, lidar, image recognition technology and AI algorithms to feed data into the drone’s navigation system. SPARC’s patented algorithms, included in its portfolio of 7 patents, record the Location Points (Fx) of a drone’s flight path. Use these Location Points to calculate the shortest path back to base or by using SPARC’s reverse lookup algorithm, fly directly to any Location Point. The SPARC data collected can be used to create a real-time navigation map on-board the drone.

With the capability of capturing the location of any distant object, drones can survey points of interest well beyond their range limits. It is also 100% covert which is ideal for military, surveillance, target acquisition, asset protection, and situational awareness. Autonomous drones are used in a variety of industries including transport, construction, logistics, surveillance and inspection, search and rescue, mining, military, and agriculture.

The company is working to embed SPARC AI algorithms modules into a microchip, which will deliver unprecedented geospatial capability that is scalable, fast and accurate.

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.

Following a major restructuring, and with only 9,091,000 shares outstanding, 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 [email protected].

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Disclaimer

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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