DarkPulse, Inc Reports Second Quarter 2022 Financial Results and Operational Highlights.

NEW YORK and HOUSTON: DarkPulse, Inc. (OTC Markets: DPLS) ("DarkPulse" and the "Company"), a global technology company focused on the manufacture, sale, installation and monitoring of their patented laser sensing systems which provide a data stream of critical metrics for assessing the health and security of infrastructure, announces its financial results for second quarter ended June 30, 2022. The Company has also issued a shareholder letter discussing its operating results.

A Letter to Shareholders from the Founder of DarkPulse Inc.

Dear fellow shareholders,

It is my great pleasure to once again address all of our shareholders in this letter as Founder and CEO of DarkPulse, Inc. (the "Company").

On behalf of our entire team, it is my pleasure to review accomplishments to date as well as our 2022 trajectory.

Since early 2022 we have made significant progress with the commercialization of our patents as well as expanding our global presence to more than eleven countries. We expect this expansion to continue well into 2023 as the Company continues to build market share into global critical infrastructure markets.

Significant Accomplishments for the First Half of 2022

After acquiring several entities our trajectory and rate of accomplishments has continued to significantly accelerate. Here are some key milestones we have attained to date.

During the first half of 2022, we have accomplished the following:

The Company secured office space in Houston, TX for its global headquarters. This is strategic for several reasons including Houston being a major business hub as well as a consolidated market for major companies in the oil and gas industry.

The Company has hired a financial controller based in our Houston office which will streamline back office operations while reducing costs, shortening time required to consolidate our subsidiaries' financial documentation, aiding in financial reporting, and business operations while reducing cash cycles.

The Company has completed work for a new hardware design with integrated pulse generator eliminating the use of competing technology for deployments of our systems. We are beginning the design of an integrated PC for the same reasons.

The Company terminated its relationship with Bill Bayliss as part of its growth strategy. Mr. Bayliss was hired by BlueWater Group to prepare Optilan for sale and has successfully completed his role in that regard.

Optilan HoldCo 3 Limited ("Optilan"), our wholly-owned subsidiary, has named Jason Keith as CEO.

The Company added Dr. Ehab Eldemeri as Director of GCC and the Middle East.

The Company has begun interviews for additional members of the Board and the creation of various committees consistent with rules associated with senior exchanges.

The Company assisted with the launch of the world's first intelligent bridge in Marysville, CA by installing our sensor technology with the California Division of...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT