- High-flying software and engineering stock SPARC AI Inc. (CSE:SPAI) has completed the development of Version 2.0 of its target acquisition system.
- The company is intensifying its efforts to expand its presence in the target acquisition system market, which, according to Statview Research, is valued at US$13.59 billion
- SPARC AI’s target acquisition system is a discreet and highly adaptable software that can be installed on any camera-equipped device, including drones and large-scale surveillance systems
- SPARC AI stock opened trading at $0.29 per share
High-flying software and engineering stock SPARC AI Inc. (CSE:SPAI) has completed the development of Version 2.0 of its target acquisition system.
Via a news release, the Toronto-based tech company explained that Version 2.0 of the target acquisition system brings advanced features specifically designed for locating targets in difficult terrains and environments. This upgraded technology tackles the most challenging target acquisition tasks, benefiting sectors such as search and rescue, border security, defence and situational awareness. With this new version, users can accurately determine the geo-location of hidden targets or areas with limited visibility, whether they are on ridges, hillsides, or concealed within coastal cliffs and mountainous regions.
Unlike many competitors who rely on complex, expensive, and heavy ground-based hardware solutions such as the Elbit Systems HATTORIX, SPARC AI has developed a software solution that aims to be more innovative. This software integrates seamlessly with drones, allowing for a more cost-effective, rapid deployment and efficient target acquisition over large areas, including difficult and complex terrains.
The company has also introduced a new billing platform to simplify the management of recurring payments for its software. This platform will manage billing cycles, licensing, and payments on a per-drone basis, and can provide a solution for handling billing and payments for resellers and channel partners.
The company is intensifying its efforts to expand its presence in the target acquisition system market, which, according to Statview Research, is valued at US$13.59 billion.
SPARC AI’s target acquisition system is a discreet and highly adaptable software that can be installed on any camera-equipped device, including drones and large-scale surveillance systems. Designed to support tactical and mission-critical decision-making, this technology can pinpoint the location and measure the distance to any remote object, all without relying on GPS.
SPARC AI Inc. has developed and patented Spatial Predictive Approximation and Radial Convolution (SPARC), encompassing exclusive algorithms leveraging established mathematical principles to determine the positions of remote objects independently of satellite, GPS or internet connectivity. Leveraging this core IP, SPARC AI is in the process of creating a variety of geospatial solutions, which are being seamlessly integrated into a microchip. This integration empowers users to enable SPARC AI functionality across their camera devices, including drones.
SPARC AI Inc. stock (CSE:SPAI) opened trading at $0.29 per share and has risen 185.00 per cent since the year began.
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(Top image: SPARC AI Inc.)