DarkPulse, Inc. Signs MOU for Manufacturing and Supply Chain Logistics of its Patented Dark-Pulse BOTDA-Based Systems
May 07 2019 - 8:00AM
InvestorsHub NewsWire
DarkPulse, Inc. Signs MOU
for Manufacturing and Supply Chain Logistics of its Patented
Dark-Pulse BOTDA-Based Systems
The
Memorandum of Understanding provides the framework for a future
definitive agreement to establish DarkPulse, Inc.’s first
manufacturing and supply chain operation in
Asia
NEW YORK, New York --
May 7, 2019 -- InvestorsHub NewsWire -- DarkPulse, Inc. (OTC
Markets: DPLS) (“DarkPulse” and the “Company”), a
technology-security company focused on the manufacture, sale,
installation and monitoring of laser sensing systems based on the
Company’s patented BOTDA dark-pulse sensor technology (the
“DarkPulse Technology”), announces today that it has entered into a
non-binding Memorandum of Understanding with TS Korea Inc.
(“TSK”), an electronics
manufacturer based in Yongin, South Korea, with the goal of
entering into a future definitive agreement with TSK to establish
the Company’s first contract manufacturing and supply chain
operation in Asia. Upon the execution by DarkPulse and
TSK of a future definitive agreement, of which there is no
guarantee, TSK would (i)
contract manufacture on a non-exclusive basis the Company’s sensor
technology systems (the DarkPulse Technology Products”) based on
its DarkPulse Technology, and (ii) assist the Company with its
supply chain logistics including the delivery of the DarkPulse
Technology Products to the Company’s global
customers. The DarkPulse
Technology Products and related monitoring services provide the
Company’s customers with a data stream of critical metrics for
assessing the health and security of infrastructure for
applications in border security, pipelines, oil and gas, aviation
and aerospace, and mine
safety.
“We are excited to
join forces with TSK to help DarkPulse to prepare for the next
phase of our business plan, the commercialization of the Company’s
patented BOTDA dark-pulse sensor technology equipment and
monitoring services.”, said Dennis O’Leary, Chairman and CEO of
DarkPulse. Mr. O’Leary continued, “TSK brings valuable experience
with OEM hardware manufacturing for major electronics companies, as
well as deep knowledge with respect to shipping and delivering
electronics hardware to global customers. These key capabilities
would assist DarkPulse with its international equipment sales and
delivery efforts. We look forward to working with TSK to
expedite the preparation and execution of a definitive agreement in
the near future.”
About
DarkPulse , Inc.
DarkPulse,
Inc.uses advanced laser-based
monitoring systems to provide rapid and accurate monitoring of
temperatures, strains and stresses. The Company’s technology excels
when applied to live, dynamic critical infrastructure and
structural monitoring, including pipeline monitoring, perimeter and
structural surveillance, aircraft structural components and mining
safety. The Company's fiber-based monitoring systems can assist
markets that are not currently served, and its unique technology
covers extended areas and any event that is translated into the
detection of a change in strain or temperature. The
Company continues to explore additional potential opportunities in
strategic locations worldwide with the goal of accelerating the
adoption of its DarkPulse Technology Products and expand the
Company’s global market position. In addition to the Company’s
ongoing efforts with respect to the marketing and sales of its
technology products and services to its customers, the Company also
continues to explore potential strategic alliances through joint
venture and licensing opportunities to further expand its global
market position.
For more information,
visit www.DarkPulse.com
About TS
Korea.
TS Korea Inc., a
Korea-based company, is in the business of electronics
sub-contract, manufacturing, manufacturing resource outsourcing,
and various supply chain management services provided for global
OEM companies.
Safe Harbor
Statement
This news release
contains “forward-looking statements” within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, that are intended
to be covered by the "safe harbor" created by those sections.
Forward-looking statements, which are based on certain assumptions
and describe our future plans, strategies and expectations, can
generally be identified by the use of forward-looking terms such as
"believe," "expect," "may," "will," "should," "could," "seek,"
"intend," "plan," "goal," "estimate," "anticipate" or other
comparable terms. All statements other than statements of
historical facts included in this news release regarding our
strategies, prospects, financial condition, operations, costs,
plans and objectives are forward-looking statements.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our ability to successfully
market our products and services; the acceptance of our products
and services by customers; our continued ability to pay operating
costs and ability to meet demand for our products and services; the
amount and nature of competition from other security and telecom
products and services; the effects of changes in the cybersecurity
and telecom markets; our ability to successfully develop new
products and services; our success establishing and maintaining
collaborative, strategic alliance agreements, licensing and
supplier arrangements; our ability to comply with applicable
regulations; and the other risks and uncertainties described in our
prior filings with the Securities and Exchange Commission. We
undertake no obligation to publicly update any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
Media
contact:
DarkPulse Solutions,
Inc.
PR@DarkPulse.com
1.800.436.1436
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