DarkPulse Inc (OTCMKTS: DPLS) signed letters of intent with Remote Intelligence and Wildlife Specialists offering the Oil and Gas industry laser-sensing 3D mapping to facilitate environmental survey services. The sensor technology called BOTDA is a patent product of the firm, and it will diversify the company portfolio in the sensor-based monitoring sphere.
Kenneth Davidson, Chief Operating Officer at Dark Pulse, said they were really excited to team up with both companies. According to him, the companies will help expand the service portfolio of Dark Pulse in the foundational infrastructure technology domain.
As per the signed letters of intent, Dark Pulse acquires 60% of both companies with a collective payment of $1,300,000. The payment has been divided into two parts, $1,000,000 in cash and the remaining $300,000 in shares. More cash flows will be followed to expand the operations at a later stage.
A spokesperson of Remote Intelligence and its sister concern, Wildlife Specialists, reported that the partnership would help make the earth a more safe and productive space. The drone and geo-aided technology is a way forward to help in better monitoring of the industrial applications used by the company.
In another move to aid its expansion plans, Dark Pulse appointed Dr. Joseph Catalino the Chief Strategy Officer. He has vast experience in handling business operations as a government bureaucrat and was also a part of the COVID task force of the White House. Confirming the appointment, Dark Pulse said that Dr. Catalino’s experience will help grow the company operations and explore newer horizons.
Dr. Catalino shared that he was thrilled to join the company when they have acquired Remote Intelligence and Wildlife Specialists. He looked forward to working on next-gen technology solutions for the growth of the business and the industry.
Dark Pulse also partnered with Bachner Group in April to aid infrastructure development investments to protect and secure Americans.