May 10, 2024 – TheNewswire - Toronto, Canada – SPARC AI INC.  (CSE:SPAI) (OTC:EGTTF) (“SPAI” or the “Company”) is pleased to announce that it has successfully completed a simulation test at 50 km (31 miles) above sea level.

 

The Company has created an elevation override function to run the SPARC AI algorithms at extreme altitudes. The test was conducted at altitude inputs of 10,000 feet to 164,000 feet (50km). All tests were successful in recording the correct geo coordinates and distance to point of interest.

 

At 164,000 feet above sea level the SPARC AI algorithms successfully recorded the geolocation of an area that is 39.38km away.

 

Commercial airlines travel between 30,000 to 40,000 feet. SPARC AI algorithms have demonstrated the capability to calculate geolocation and distance from the Stratosphere.

 

A video of the test can be found here:

 

https://www.youtube.com/watch?v=Qoz-NNpOoHU

  

Microchip Update:

 

The integration of the SPARC AI algorithms and proprietary code onto the microchip is well advanced. The Company expects 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 our first test flight on a drone.

                   

About SPARC AI

SPARC AI has developed and patented the Spatial Predictive Approximation and Radial Convolution. This includes proprietary algorithms that uses proven mathematics to calculate the location of distant objects without using Satellite, GPS or the Internet. SPARC AI is developing a range of geospatial products using its core IP and is also integrating these into a microchip to allow customers to activate SPARC 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

     

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FORWARD LOOKING INFORMATION

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information.

 

The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

 

Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors, assumptions and exclusions is not exhaustive.

 

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.