20:53:35 EDT Mon 26 Oct 2026
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Sparc AI Inc
Symbol SPAI
Shares Issued 26,127,421
Close 2026-10-26 C$ 2.30
Market Cap C$ 60,093,068
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Sparc AI signs MOU with drone OEM in Europe

2026-10-26 19:05 ET - News Release

An anonymous director reports

SPARC AI SIGNS MOU FOR EUROPEAN FIXED-WING UAV INTEGRATION AND ADVANCES COMMERCIAL STRATEGY IN THE MIDDLE EAST

Sparc AI Inc. has entered into a memorandum of understanding (MOU) with a major drone original equipment manufacturer (OEM) and supplier in Europe.

Highlights:

  • Signed MOU with drone OEM in Europe;
  • Expansion of Overwatch into fixed-wing platforms;
  • Integration of Overwatch Intelligence, a consolidated view of connected aircraft;
  • New opportunities beyond defence;
  • Field proven in Ukraine and the Middle East by operators on their own aircraft.

Under the MOU, the manufacturer will integrate and evaluate Overwatch, the company's positioning network for GPS-denied (Global Positioning System) environments, on two new fixed-wing unmanned aerial vehicles (UAVs), with a defined path to commercial deployment once testing has been validated. Due to the highly security-sensitive nature of the agreement, the identity of the manufacturer and the jurisdiction, which is in Europe, are not being disclosed. The MOU is one of several engagements the company has under way with drone manufacturers and end-user operators in the region, which range from evaluation of Overwatch on their platforms through to commercial discussions, and the company expects to provide further updates as these progress.

The fixed-wing manufacturer will conduct independent testing and validation, with Sparc AI providing engineering, training and standby support during the testing program. The MOU is structured so that integration and evaluation lead directly to commercial deployment.

The program represents the first integration of Overwatch on these two fixed-wing UAV platforms. Fixed-wing aircraft typically operate over greater distances and for longer durations than multirotor drones, increasing the importance of reliable positioning when GPS signals are unavailable denied or downgraded

Fleet-wide positioning intelligence

The integration also incorporates Overwatch Intelligence, the company's platform for consolidating positioning data from multiple connected drones and UAVs into a unified operational picture.

Overwatch Intelligence is designed to provide mission commanders with a consolidated view of connected aircraft, including their positions, observation data and movement history on a single map, delivering fleet-wide intelligence in GPS-denied environments.

This capability is intended to support co-ordinated operations in which maintaining situational awareness across multiple aircraft is critical.

Field proven by operators on their own aircraft

The MOU follows independently verified live trials of Overwatch under GPS jamming in Ukraine and GPS spoofing in the Middle East. These were run by the operators themselves, on their own aircraft and at their own locations, rather than by Sparc AI on a demonstration airframe.

Opportunities beyond defence/advancing commercial engagements

Overwatch is a dual-use product with applications across defence, commercial and emergency response markets. The same network that positions a drone under jamming also serves operators that need reliable positioning where GPS is unavailable or unreliable, including inside and around critical infrastructure, in urban canyons, and during disaster response. The company is receiving interest in Overwatch for commercial use cases alongside its defence engagements and intends to pursue these opportunities.

Following a successful validation of Overwatch, Sparc AI has also entered into an agreement with a regional advisory firm to support and advance both defence and commercial activities in the Middle East.

As described above, a government ministry flew Overwatch on its own government-owned drones under GPS spoofing conditions, obtaining the position of the aircraft and then the co-ordinates of a target. The advisory firm will support Sparc AI in converting that validation into commercial engagements with government and defence customers in the region.

About Sparc AI Inc.

Sparc AI is a defence technology company solving for assured positioning in GNSS-denied environments. Its flagship product, Overwatch, is a platform that ingests telemetry from drones and other systems and platforms and returns absolute latitude and longitude -- no onboard software, no edge hardware and no reliance on GPS. Delivered as a stateless service, Overwatch gives commercial and defence operators dependable positioning enabling navigation and geospatial intelligence wherever satellite signals are jammed, spoofed or unavailable.

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