NEW YORK, May 07, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- 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