DarkPulse, Inc. Announces Letter Of Intent To Acquire TerraData Unmanned, PLLC, A Drone Based Company Offering Multiple Platforms Including Underwater Capabilities

Dark Pulse, Inc.  a technology company focused on the manufacture, sale, installation, and monitoring of laser sensing systems based on its patented BOTDA dark-pulse sensor technology (the “DarkPulse Technology”) which provides a data stream of critical metrics for assessing the health and security of infrastructure, today announced the signing of a Letter of Intent (the “LOI”) to acquire TerraData Unmanned, PLLC a drone based company offering multiple platform capabilities including underwater inspection services (“TerraData”). TerraData offers fully integrated, drone based, geo-rectified, 3D modeled mapping for industrial applications including transportation departments, water management agencies, and engineering firms. TerraData inspects culverts, bridges, piers, dam and lock systems, water treatment facilities and more.

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TerraData provides unique services critical in countering the increasing public safety concern related to bridges, culverts, dams, and similar infrastructure. TerraData’s ROV Inspection Services are needed more than ever as the United States struggles to assess conditions and deterioration of aging infrastructure. Specializing in underwater inspection through their unmanned vehicles (UUV), TerraData mitigates the safety concerns surrounding human divers.

TerraData will join DarkPulse’s growing list of world-class capabilities and the Company’s positioning as the leader in infrastructure sensing and monitoring in all domains, air, land, and sea. “We are excited to be joining the DarkPulse family alongside Remote Intelligence, and Wildlife Specialists. We at TerraData are motivated by the foundation, vision, strategy, and business culture DarkPulse has assembled. Leveraging the expertise and experience of members across these teams, our group is certain to accomplish the intended goal of becoming collectively, a true end-to-end solutions provider” stated TerraData COO Justin Dee.

“As DarkPulse continues to build best in class technology service offerings to the critical infrastructure/key resources market we look for teams such as TerraData to bring experienced personnel and leading-edge equipment allowing the Company to operate AI assisted inspection services in all mediums including land, sea and air.” said DarkPulse CEO Dennis O’Leary. “TerraData’s ability to work in difficult marine environments with accuracy, efficiency, and expert results while eliminating risk to humans is a game-changer,”

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Under the terms of the LOI, DarkPulse would acquire 60% of the issued and outstanding voting capital stock or equity interests of TerraData in exchange for restricted shares of the common stock of the Company worth $200,000 with the price per share to be stated in the definitive agreement and $400,000 to be paid within 12 weeks of closing. The parties anticipate that the execution and closing of the Definitive Agreement would occur simultaneously. As a result of the Closing, the Company would become a subsidiary of DarkPulse. Post-closing, we expect that additional cash will be invested in TerraData’s ongoing operations, to be applied towards working capital and expansion of the business.

Final terms of the acquisition will be conclusively determined in a definitive agreement. Completion of the acquisition is subject to customary due diligence and documentation provisions and any necessary share issuance requirements and approvals.

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