Anoosh Hardenbrook Gov Drone Microchip!Blackhawk talks operations of target Hardenbrook
2024-04-15 17:41 ET - News Release
Mr. Justin Hanka reports
UPDATE ON THE ACQUISITION OF HARDENBROOK GROUP
Blackhawk Growth Corp. has provided an update on the proposed acquisition of Hardenbrook Group Pty. Ltd.
Since the acquisition was announced in May, 2023, Hardenbrook has progressed substantially with the following developments:
1. Hardenbrook has been focusing on IP (intellectual property) acquisition, development and commercialization activities. It has consolidated the medical AI assets of Asthmatic AI, Autism AI and Mood AI into a holding company, Life AI. It has provided financing to Asthmatic AI that has allowed it to enroll the first 50 participants into its clinical trial for predicting asthma attacks. It is targeting 300 participates in total for this trial.
Life AI is building a portfolio of medical AI assets that address large medical conditions in the community. For instance, according to the Centers for Disease Control and Prevention reported 25 million (7.7 per cent of the United States population) had asthma in 2021 and over 1,000 persons die from Asthma attacks globally each day.
Life AI is also in negotiations with a Tier 1 university to secure IP used to create a digital twin of a human heart. The research developed over several years was used to optimize a pacemaker before it can be implanted into patients. The innovative technology has a wide range of other applications including the ability for anyone to create a digital twin of their heart and use a mobile application for heart monitoring. Life AI is focused on creating technologies to optimize human performance, improve health outcomes of the sick and enhance wellness at scale.
2. Hardenbrook has signed a binding term sheet to acquire the units in two funds from a group of 23 investors. The funds have assets with a current market value of approximately $888,758, comprising listed and unlisted companies in Australia and Canada. Some of these companies include Sparc AI (CSE:SPAI), Haranga Resources (ASX: HAR), Mindbio Therapeutics (CSE: MBIO), unlisted Sienna Mining and several others. The acquisition will add these assets to Hardenbrook's balance sheet and provide cashflow as these assets are sold down over time. The fund manager is Shape Capital Pty. Ltd., a company operating under a financial services licence. Shape Capital receives fees that are comparable with other fund management businesses including a 2-per-cent annual management fee and 20-per-cent performance fee only after 10-per-cent performance hurdle. Director Anoosh Manzoori is the director and shareholder of Shape Capital. Directors Anoosh Manzoori and Justin Hanka are also investors and unit holders in the funds owning 1 per cent of the total number of units.
Sparc selects Parrot ANAFI USA GOV drone for microchip
2024-05-24 10:52 ET - News Release
Mr. Anoosh Manzoori reports
SPARC AI SELECTS PARROT ANAFI USA GOV DRONE FOR SPARC AI MICROCHIP INTEGRATION
Sparc AI Inc. has selected the Parrot ANAFI USA GOV drone to integrate its Sparc AI (artificial intelligence) microchip.
The Parrot ANAFI USA GOV drone is designed for first responders and offers the same high-end security, durability and capabilities as Parrot's short-range reconnaissance (SRR) drone designed for the U.S. Army.
The drone is manufactured in the United States and trusted globally by defence and security organizations.
The drone has been purchased for $14,500 (U.S.) and is expected to be delivered to Sparc AI offices within three weeks. Installation of the Sparc AI microchip and first flight will commence shortly after.
The team is preparing a series of robust testing of Sparc AI on the drone. This includes a test of the drone's thermal camera with Sparc AI, autonomous flight powered by Sparc AI, and use-case testing for situation awareness, reconnaissance and target acquisition.
The Sparc AI microchip may also be integrated into other drone manufacturers over time. The Parrot ANAFI drones have an ability to integrate third party applications. Should Sparc AI integration into the Parrot ANAFI drone prove to be successful with clear benefits, Sparc AI will have a well-defined target market to promote its solution.
The company will share the results of its tests on its website.
About Sparc AI Inc.
Sparc AI has developed and patented the spatial predictive approximation and radial convolution. This includes proprietary algorithms that use proven mathematics to calculate the location of distant objects without using satellite, GPS (Global Positioning System) or the Internet. Sparc AI is developing a range of geospatial products using its core IP (intellectual property) and is also integrating these into a microchip to allow customers to activate Sparc AI on any of their camera devices, including drones.