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ORIGINAL: SPARC AI Preparing for US Launch

2024-05-17 09:25 ET - News Release
Shares issued 12,484,316
SPAI Close 2024-05-16 C$ 0.245

(via TheNewswire)

SPARC AI INC

May 17, 2024 – TheNewswire - Toronto, Canada - SPARC AI INC. (CSE: SPAI) (OTC: EGTTF) (“SPAI” or the “Company”) is pleased to announce it has accepted a proposal from a US based financial institution to act as sponsor and advisor for an OTCQB listing in the United States.

The Company’s existing EGTTF listing will be upgraded, and a new ticker code issued to better reflect the Company’s name. Over the past couple of months there has been increasing activity and interest from investors and market makers from the United States. The OTCQB listing will make the SPARC AI securities available 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 to hire an investor relations firm.

The integration of the SPARC AI microchip has been completed. Engineers are conducting extensive testing in preparation for installing the microchip onto a drone. The Company is also working to file a new patent in autonomous drones. More details will be provided to the market after the patent has been filed.

Management is preparing to travel to the United States to roadshow the technology to entities involved in defence and national security.

To support the above-mentioned activities, Chief Executive Director, Anoosh Manzoori, will invest CAD$84,000 into the Company by exercising 260,000 warrants and 300,000 options at CAD$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 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: [e-mail]

Phone: [phone]