UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
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| Item 7.01 | Regulation FD Disclosure. |
On July 13, 2022, DarkPulse, Inc., a Delaware corporation (the “Company”), issued press release which announced it has signed an LOI for the acquisition of Om Optel Industries Pvt. Ltd., a fiber optic cable and HDPE pipe manufacturer based in India. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference. Pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), the information in this Item 7.01 disclosure, including Exhibit 99.1, and the information set forth therein, is deemed to have been furnished to, and shall not be deemed to be “filed” with, the SEC.
The press release may contain forward-looking statements. Such forward-looking statements are based on information presently available to the Company’s management and are current only as of the date made. Actual results could also differ materially from those anticipated as a result of a number of factors, including, but not limited to, those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and subsequent reports filed by the Company with the SEC. For those reasons, undue reliance should not be placed on any forward-looking statement. The Company assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. Any such updates or revisions may be made by the registrant by filing reports with the SEC, through the issuance of press releases or by other methods of public disclosure.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description |
| 99.1 | Press Release dated July 13, 2022 |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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DarkPulse, Inc.
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| Date: July 13, 2022 | By: | /s/ Dennis O’Leary |
| Dennis O’Leary, Chief Executive Officer | ||
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Exhibit 99.1
DarkPulse, Inc. Signs LOI to Acquire OM Optel, a Fiber Optic Cable and HDPE Pipe Manufacturing Company Based in India
OM Optel is an ISO9000 and ISO14000 certified Optical Fiber Cable Manufacturer as well as Multilayer Polyfilms, Patch Cords, Injection Molding Products and HDPE Pipes.
HOUSTON, Texas – July 13, 2022 – Dark Pulse, Inc. (OTC Markets: DPLS) (“DarkPulse” and the “Company”), 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”) for assessing the health and security of infrastructure, today announced it has signed an LOI for the acquisition of Om Optel Industries Pvt. Ltd., a Fiber Optic Cable and HDPE Pipe Manufacturer based in India (“Om Optel”).
Established in 2015, Om Optel is a leading ISO 9000 and ISO 14000 company which maintains a state-of-the-art manufacturing facility for high quality Optical Fiber Cable (OFC), Optical Patch Cords, Multilayer Polyfilms, HDPE pipes, and Injection Molding products.
Om Optel is a professionally managed organization that has developed its core competence in the manufacturing of valuable products using
state-of-the-art technologies and excellence in services. It has achieved its growth and has expanded its capabilities by following best
practices, keeping market demands in perspective and achieving highest customer satisfaction.
“Nearly 65% of costs associated with the installation of fiber sensors is a direct result of the optical cables required for these installations. This acquisition will allow the Company to offer highly competitive installation pricing while affording DarkPulse the capability to design and manufacture highly specialized optical sensing cable products,” said DarkPulse Chairman and CEO, Dennis O’Leary. “In addition, Om Optel’s HDPE pipe manufacturing business allows DarkPulse to offer gas pipeline products both with and without integrated leak detection capabilities,” Mr. O’Leary continued. DarkPulse and OM Kothari Group plan on working together across a multitude of industries included Smart Infrastructure.
The acquisition will close after entering into a definitive acquisiton agreement and customary due diligence.
About OM Optel Private Ltd.
OM Optel is currently part of The Om Kothari Group, , a highly reputed business house with diversified business interests across Infrastructure, Engineering Construction, Automotive dealerships, Real Estate and Packaging which was established in 1971. The group's flagship company, Om Metals Infraprojects Ltd. is a public limited, engineering construction company specializing in executing turnkey contracts for large infrastructure projects covering power, roads, water, irrigation, real estate and oil & gas.
The Om Kothari Group is run by a synergetic team of high achievers who hold the highest ethical standards for all stakeholders. Each one of Om's businesses is focused on creating a strong foundation of growth that has a positive impact on our world.
For more information visit: www.omoptel.com
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. 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
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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. 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," "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, Inc.
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