-- SPARC AI Inc (SPAI.CN) on Monday said that it signed a second Ukrainian drone manufacturer to its Overwatch platform, marking "continued commercial momentum" for the company's GPS-denied navigation and precision targeting software.
The company said that this agreement is independent of it's previously announced Ukrainian partnership and opens a second distribution channel into the "world's most demanding" electronic warfare environment.
"Each new manufacturer integration expands the Company's installed base and deepens the operational data feeding its proprietary machine learning models," said the company.
It added that all Overwatch deployments remain subject to applicable export control and defence trade compliance requirements.
"SPARC AI's go-to-market strategy is designed to embed Overwatch as standard infrastructure across drone and robotic platforms," said the company. "Securing a second independent manufacturer in Ukraine validates both the demand for the Company's software-only approach and the repeatability of its distribution model."
Shares of the company were last seen up $0.44 at $3.26 on the Canadian Securities Exchange.
Price: $3.20, Change: $+0.38, Percent Change: +13.48%