VERSES AI Inc. (NEO::VERS) (OTCQX:VRSSF) ("VERSES'' or the
"Company”), a cognitive computing company specializing in
next-generation intelligent software systems, welcomes National
Aeronautics and Space Administration’s (NASA) Jet Propulsion
Laboratory (JPL) to the Beta program of its
Intelligence-as-a-Service platform, Genius™.
NASA seeks to advance international and interagency
collaboration on space exploration efforts through technology and
policy standards. NASA, JPL and many other stakeholders in the new
“space race” have a vested interest in standardizing infrastructure
and supporting the space economy, which Morgan Stanley estimates
may grow to $1 Trillion by 2040.
The international space agency community is actively seeking to
develop standards for space exploration. For example, many
countries have recently announced their intention to return to the
moon. To ensure safety and collaboration, in 2020, NASA published
the Artemis Accords, a non-binding multilateral arrangement between
thirty-two world governments and one territory participating in
NASA’s Artemis space program, which aims to. return humans to the
moon by 2025, establish a permanent presence on the moon, and
ultimately expand space exploration to Mars and beyond. The Accords
set out to define space rules and laws governing various
activities, from exploiting natural resources on the moon, comets
and asteroids to governments' ability to protect access to lunar
bases or mining zones. PWC estimates that the lunar economy will
reach $170B by 2040. In addition to governance considerations, many
technical specifications must be developed, including power
distribution, communications, positioning, navigation and timing,
lunar surface surveying, lunar satellite networks for guidance and
communications, and cislunar space traffic control.
Interoperability is central to the success of the global space
economy.
“Interoperability of systems is critical to ensure safe and
robust space exploration. Therefore, the Artemis Accords call for
partner nations to utilize open international standards, develop
new standards when necessary, and strive to support
interoperability to the greatest extent practical,” says NASA.
“We believe that interoperability, knowledge sharing,
transparency and accountability are prerequisites for collaboration
in space and is precisely the kind of application that Genius is
uniquely designed to enable,” said VERSES CTO, Jason Fox. Genius is
built on the open standards designed by the Spatial Web Foundation
being developed within the IEEE P2874 Spatial Web, Architecture and
Governance Working Group. IEEE (Institute of Electrical and
Electronics Engineers) is the world’s largest standards development
organization (SDO) and works with many other SDOs and government
agencies involved in space exploration. The standards have been
successfully deployed in Flying Forward 2020, a European Commission
program chartered with defining governance systems for autonomous
drones across five European cities.In a similar fashion, NASA,
Defense Advanced Research Projects Agency (DARPA), and John Hopkins
Applied Physics Laboratory (APL), among others, are seeking to
develop a civil lunar infrastructure that unifies other siloed
efforts to foster shareable, scalable systems that interoperate.
Genius is the only system based on these open standards that is
designed specifically to foster this kind of interoperability and
governance on Earth, the Moon, Mars, and beyond."I’m thrilled that
JPL will participate in the Genius beta program because it
represents one more step towards standardization. While serving as
CTO of the Open Geospatial Consortium, the standards body
responsible for key geospatial information standards, my experience
with NASA and JPL is that real tests using running code are an
essential step in the adoption of standards. And standards are the
foundation to enabling industries and economies to thrive," said
George Percivall, Distinguished Engineering Fellow and Vice-Chair
of the IEEE P2874 Working Group on behalf of the Spatial Web
Foundation.
About VERSESVERSES AI is a cognitive computing
company specializing in biologically inspired distributed
intelligence. Our flagship offering, Genius, is patterned after
natural systems and neuroscience. Genius enables intelligent
software agents that can learn, adapt and interact with the world.
Key features of Genius include generalizability, predictive
queries, real-time adaptation and an automated computing network.
Built on open standards, Genius transforms disparate data into
knowledge models that foster trustworthy collaboration between
humans, machines and AI, across digital and physical domains.
Imagine a smarter world that elevates human potential through
innovations inspired by nature. Learn more
at VERSES, LinkedIn and X.
About NASA's Jet Propulsion Laboratory (JPL)The
Jet Propulsion Laboratory (JPL) is a federally funded research and
development center founded in 1936 by researchers at the California
Institute of Technology. The National Aeronautics and Space
Administration (NASA) owns and sponsors the laboratory. The
laboratory's primary function is constructing and operating
planetary robotic spacecraft, though it also conducts Earth-orbit
and astronomy missions. It is also responsible for operating the
NASA Deep Space Network. For more information, visit JPL.
On behalf of the Company Gabriel René, Founder
& CEO, VERSES AI Inc.Eric Holder, Director of Communications,
VERSES AI Inc. press@verses.ai
Investor Relations Inquiries U.S., Matthew
Selinger, Partner, Integrous Communications, mselinger@integcom.us
415-572-8152Canada, Leo Karabelas, President, Focus Communications,
info@fcir.ca 416-543-3120
Forward Looking Information
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation (collectively, “forward-looking
statements”). The forward-looking statements herein are made as of
the date of this press release only, and the Company does not
assume any obligation to update or revise them to reflect new
information, estimates or opinions, future events or results or
otherwise, except as required by applicable law. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budgets",
"scheduled", "estimates", "forecasts", "predicts", "projects",
"intends", "targets", "aims", "anticipates" or "believes" or
variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. These forward-looking
statements include, among other things, statements relating to: the
potential value and size of the space economy by 2040; the goals of
the Artemis Accords; the technical specifications which must be
developed to achieve the goals of the Artemis Accords; that
interoperability is a prerequisite for collaboration in space; that
the Johns Hopkins Applied Physics Laboratory will oversee LOGIC,
and work closely with LSII and LSIC; and that the GeniusTM beta
program represents one more step towards standardizing knowledge
sharing and collective intelligence. Such forward-looking
statements are based on a number of assumptions of management,
including, without limitation, that Morgan Stanley’s estimate of
the potential value and size of the space economy is accurate; that
the goals and directives of the Artemis Accords remain unchanged,
and that the technical specifications outlined herein are necessary
to achieve the goals and directives of the Artemis Accords; that
GeniusTM will support the JPL’s goals and objectives as currently
contemplated; that GeniusTM will perform as currently contemplated;
that JLP and its related stakeholders will benefit from
participating in the GeniusTM program as currently anticipated;
that interoperability is a prerequisite for collaboration in space;
that the Johns Hopkins Applied Physics Laboratory will oversee
LOGIC, and work closely with LSII and LSIC as currently
contemplated; that the GeniusTM beta program represents one more
step towards standardizing knowledge sharing and collective
intelligence; that the Company will be successful in the deployment
of its resources and personnel; that results of testing and
development data will be consistent with anticipated results and
estimates; that the Company will not come across technology or
other barriers preventing it from achieving its business objectives
and commercializing its technology; and that the Company’s
technology will impact the AI market and the Company’s success in
the AI market as anticipated.
Additionally, forward-looking statements involve
a variety of known and unknown risks, uncertainties and other
factors which may cause the actual plans, intentions, activities,
results, performance or achievements of the Company to be
materially different from any future plans, intentions, activities,
results, performance or achievements expressed or implied by such
forward-looking statements. Such risks include, without limitation:
the JPL’s objectives and directives and the Company’s operations
could be adversely affected by possible future government
legislation, policies and controls or by changes in applicable laws
and regulations including, with respect to the Company, the ability
of the Company to develop and commercialize its products and
release and deploy its technologies; political instability;
unexpected development and production challenges; the Company could
face technology or software disruptions; unanticipated costs; the
Company’s technology may fail to perform as expected; increased
competition; that Morgan Stanley’s estimate of the potential value
and size of the space economy will prove to be inaccurate; that the
goals of the Artemis Accords will change or not be reached, or that
additional unanticipated technical specifications will be required
to achieve the goals of the Artemis Accords; that the Johns Hopkins
Applied Physics Laboratory will not have the expected involvement
with the DARPA initiatives as outlined herein; that the GeniusTM
beta program will not represent a step towards standardizing
knowledge sharing and collective intelligence; that GeniusTM will
not perform as anticipated or provide the expected impact on the
space industry or on the achievement of JPL’s goals; the loss of
key personnel; and the loss of key partnerships necessary for the
Company to achieve its business objectives. The forward-looking
statements contained in this press release represent management's
best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future
results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements. Neither the
Company nor any of its representatives make any representation or
warranty, express or implied, as to the accuracy, sufficiency or
completeness of the information in this press release. Neither the
Company nor any of its representatives shall have any liability
whatsoever, under contract, tort, trust or otherwise, to you or any
person resulting from the use of the information in this press
release by you or any of your representatives or for omissions from
the information in this press release.
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