EYEFI Group Technologies Inc ( (TSE:SPAI) ) has issued an announcement.
SPARC AI Inc. has announced a significant advancement in drone technology with its GPS-free geolocation system, which has been featured on Parrot’s Solution Partner website. This innovation allows drones to operate effectively in environments where conventional navigation systems are unreliable, enhancing their utility in defense, law enforcement, and search and rescue operations. The technology’s ability to perform autonomous flights without GPS marks a breakthrough, potentially transforming unmanned aerial operations across various sectors.
More about EYEFI Group Technologies Inc
SPARC AI Inc. operates in the technology industry, focusing on developing advanced geolocation and target acquisition systems for drones. Their primary product enables precise geolocation tracking without relying on traditional navigation systems such as GPS, radar, or lidar, making it suitable for use in GPS-denied environments.
YTD Price Performance: 3.85%
Average Trading Volume: 16,577
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$3.52M
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