Darkpulse Inc (OTCMKTS: DPLS) is heating up after the Company announced it has closed the acquisition of an equity position in Gladstone Acquisition Corp., a Delaware corporation (NASDAQ: GLEE) (the “SPAC”). Pursuant to the Purchase Agreement with Gladstone Sponsor, LLC, and the SPAC, the Company purchased 2,623,120 shares of Class B Common Stock and 4,298,496 Private Placement Warrants, each of which is exercisable to purchase one share of Class A Common Stock from the Original Sponsor, for $1,500,000. GLEE management has resigned and DPLS officer Geoff Mullins, Wayne Bale, and John Bartrum were appointed as members of the board of directors of the Company. Finally, Rick Iler was appointed as Principal Executive Officer, Chief Financial Officer and Secretary of the Company. In addition to the payment of the Purchase Price, the Company also assumed all responsibility for all of SPAC’s public company reporting obligations. For a long time Darkpulse has been planning to spin off Optilan onto a major exchange and the acquisition of GLEE is the perfect choice. They can now do an initial business combination and an intial public offering and raise a significant amount of money to fund expansion by IPO’ing Optilan into GLEE with the bulk of OS in the new Company owned by DPLS shareholders via the Optilan dividend.
DPLS continues to see record growth recently reporting record revenues in Q2, 2022 of $4,435,043, an increase of over 120% from the $2,018,333 reported in the previous quarter. Driving the sales increase was continued strong global demand for fiber and infrastructure sales for Optilan, as well as increases in revenue from the Company’s other subsidiaries. Continuing strong demand in the major markets in North America and Europe drove increased sales at Optilan by more than 118% and the Company’s U.S. subsidiaries increased by a combined total of more than 131% from the previous quarter. Management states they expect the latter half of 2022 to continue increasing revenues, with additional contracts wins through Q3 continuing throughout Q4 2022. The Company just held its 2nd annual shareholders event and you can find it here.
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Darkpulse Inc (OTCMKTS: DPLS) operating out of New York, develops, markets, and distributes a suite of engineering, installation, and security management solutions to industries and governments on an international level. DarkPulse’s ultra-high sensitivity infrastructure monitoring provides enhanced visibility to enterprises, allowing them to detect corrosion and system weaknesses before leaks, spills, and other tragic losses. Our system outperforms all other distributed fiber sensors in the market. The company intends to deliver security and monitoring systems in applications for border security, pipelines, the oil and gas industry, and mine safety. In addition to their leadership in sensing systems, DarkPulse is continuing to expand its offerings into services, and growing their suite of solutions to address global critical resource and infrastructure challenges.
The Company’s recently acquired subsidiary Optilan is a global provider of turnkey telecommunications and security systems, and integration services intended to offer one-stop-shop services for all aspects of security and communication applications. The company’s services include design, installation, commissioning, support, and maintenance services of satellite, wireless, fiber transmission systems, CCTV security and radio-based systems, enabling the energy, transportation, critical infrastructure and industrial sectors to receive individually tailored, innovative applications and services that deliver value, resilience and flexibility. Optilan is headquartered in the United Kingdom and operates offices in Azerbaijan, India, the Middle East, UAE and Turkey.
DPLS subsidiary TJM West Electronics is an ISO9001 and AS9100 certified electronics and electro-mechanical assembly operation operating out of a high tech, 20,000 Sq ft facility in Tempe, Arizona. The Company’s subsidiary Wildlife Specialists, LLC was founded in 2007 to provide clients with comprehensive wildlife and environmental assessment, planning, and monitoring services. The Company currently maintain two regional offices located in north central and southeastern Pennsylvania.
In this video engineers demonstrate the function of the dark-pulse based BOTDA system measuring strain on a PVC pipe. A 4″ PVC pipe specimen with 12′ length has a sensing fibre helically wrapped around it which measures the hoop strain as the pressure in the pipe is raised. Data is first collected at an internal pressure of 10 psig. The engineers then clamp one end of the pipe creating a disturbance in the strain field. This disturbance is readily seen in the second measurement demonstrating dark-pulse BOTDA system’s ability to detect sub-metre strain events. DarkPulse offers multiple configurations with increased processor capacity for faster data display including a cloud-based GUI as part of 24/7 structural health monitoring solutions. Darkpulse is a leader in distributed fiber sensor solutions. DPLS system outperforms all other distributed fiber sensors in the market today. 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 which represents an enormous market worth billions puts Darkpulse in line for serious government contracts according to many investors who are buying in here. The Company continues to grow fast through acquisition.
$dpls Will blow up like no other! Year 1 product launch and they’ve crushed it.
Look at dpls’s 8ks, you will see multimillion dollar contracts and even a $45m contract.
Watch the money start pouring in each ER. Get in before sp reflects!
Buy now, hold for a year, make a fortune. pic.twitter.com/ig3tQ3k4Bs
— TheUrbanFarmer (@NattaCop) October 12, 2022
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The Company has been very busy; in August Optilan reported it has once again secured three contracts within the same week. The first two are related to the Oil & Gas Industry and located in Iraq and Qatar, respectively. A third contract was won for an offshore wind project located in the United States. The Company anticipates completion of all three contracts in roughly six months. The contract values total approximately USD $3M. Optilan has also successfully continued expansion of its Fibre and Emergency Response Services business unit.
The Company also entered into agreements to increase its equity ownership to 100% in both Remote Intelligence, Limited Liability Company and Wildlife Specialists, LLC, which, when closed, will make both firms wholly owned subsidiaries of the Company. Together, both companies offer fully integrated, drone-based, geo-rectiﬁed, 3D modeled mapping for industrial applications specializing in the energy and environmental survey service. Initially specializing in the Oil & Gas industry, the companies will expand offerings into the home drone delivery markets.
On October 13 DPLS announced it has closed the acquisition of an equity position in Gladstone Acquisition Corp., a Delaware corporation (NASDAQ: GLEE) (the “SPAC”). Pursuant to the Purchase Agreement with Gladstone Sponsor, LLC, and the SPAC, the Company purchased 2,623,120 shares of Class B Common Stock and 4,298,496 Private Placement Warrants, each of which is exercisable to purchase one share of Class A Common Stock from the Original Sponsor, for $1,500,000.
David Gladstone, Terry L. Brubaker, Paul W. Adelgren, Michela A. English, John H. Outland, Anthony W. Parker, and Walter H. Wilkinson, Jr. tendered their resignations as officers and directors of the Company, Michael Malesardi, Michael LiCalsi, Bill Frisbie and Bill Reiman resigned as officers of the Company, and Geoff Mullins, Wayne Bale, and John Bartrum were appointed as members of the board of directors of the Company. Finally, Rick Iler was appointed as Principal Executive Officer, Chief Financial Officer and Secretary of the Company.
In addition to the payment of the Purchase Price, the Company also assumed the following obligations: (i) responsibility for all of SPAC’s public company reporting obligations, (ii) the right to provide an extension payment and extend the deadline of the SPAC to complete an initial business combination from 15 months from August 9, 2021 to 18 months for an additional $1,150,000, and (iii) all other obligations and liabilities of the Original Sponsor related to the SPAC.
— DarkPulse (@DarkPulseTech) October 13, 2022
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Currently trading at a $113 million market valuation DPLS OS is 6,145,852,186. The Company has a strong balance sheet with $34 million in assets vs. $17 million in total liabilities including just $2 million in notes payable. DPLS has been working on some major projects in recent months including the Honcut Bridge in Loma Rica California, and recently signed a contract for the installation of its patented BOTDA EREBOS™ high resolution sensor system into Moon Land Resort in Hurghada Egypt. DPLS assisted with the launch of the world’s first intelligent bridge in Marysville, CA by installing its sensor technology with the California Division of Transportation (“CALTRANS”). DPLS is the Platinum sponsor for Smart Cities Connect Washington D.C Smart Cities conference to be held September 26th-29th and its CEO will be the keynote speaker. They also signed a MOU for the purchase of Om Optel Industries Pvt. Ltd., a fiber optic cable manufacturing business located in India. DPLS has completed a number of important acquisitions and expects to continue to see a reduction in costs with increases in revenues as it consolidates and adds key acquisitions in the near future. DPLS has runner in its blood skyrocketing out of the double zeroes last year to highs of $0.202 per share and investors are looking for a move back to these levels. Darkpulse continues to make big moves with the $15 million Company share buyback and the acquisition of Optilan which secured leases for two new facilities located in Warwickshire in the U.K as well as over a dozen new contracts including a contract for $45 million since the Company completed the acquisition. Investors in the Company have been waiting for a catalyst to end the downtrend that has decimated the share price since DPLS hit highs of $0.204 back in July 2021 and this just might be it with DPLS already up over 10% on the news in late trading Thursday. From current levels, DPLS has a lot ton of room for growth. We will be updating on DPLS when more details emerge so make sure you are subscribed to Microcapdaily.
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Disclosure: we hold no position in DPLS either long or short and we have not been compensated for this article.