Next-generation,
professional and military-grade camera company leverages digital cinema
innovations leader to create first operative A.I. imaging and technology data
system
Los Angeles, California – October 2, 2019 – Today,
Hawkeye Systems, Inc. (OTCQB: HWKE), announced the execution of a proposed
agreement to acquire Radiant Images, an award-winning technology provider to
customers world-wide, specializing in cinema, immersive, volumetric and light
field. Hawkeye System’s proposed acquisition of Radiant Images, and its award-winning
camera technology, will further enable Hawkeye Systems’ client’s access to
combined A.I. and video technology across a variety of industries, as well as
granting access to greater capital markets. In less than a year, Hawkeye
Systems has experienced exponential growth within the imaging technology space,
and the proposed acquisition will now allow the business to create predictive
A.I. image analysis solutions. The acquisition is expected to close by the end
of December 2019.
Hawkeye
Systems, is a next generation imaging technology company focused on developing
cutting edge imaging products and services to assist with intelligence,
surveillance, and reconnaissance. The company will now be able to leverage
Radiant Images’ digital innovations, virtual reality and augmented reality to
enhance their overall customer experience. The proposed acquisition marks a
strategic step for existing customers and gives both the modality and ability
to capture images and image data. The A.I. capabilities will address problems
in the imaging space across a variety of industries, which include the
entertainment, sports, auto, education, training and medical spaces, while also
continuing to expand our products and services for military, police and law
enforcement agencies.
“We
are extremely pleased to be announcing this news as it comes at a pivotal
moment for the company, which will not only strengthen our stance in the
imaging market but also allows us to invest in new capabilities and technology
that will improve a variety of industries,” said Corby Marshall, founder
and chief executive officer of Hawkeye Systems. “There’s a lot of value in
this deal and we look forward to consolidating companies, offering our
customers more and expanding our current team.”
Founded
by Michael Mansouri and Gianna Wolfe, Radiant Images was an early adopter of
digital technology. The company differentiates itself by providing solutions
and conceiving original digital innovations within the film industry. Radiant
Images is built on the principle of finding ways to simplify the complicated
filmmaking process and offering more immersive and unique experiences for the
viewer.
“Hawkeye
and Radiant share the common goal of creating the world’s most advanced imaging
technology systems that utilize A.I. and interpret data all in real time. This
a huge step in continuing to ensure that our technology can do unimaginable
things for our customers,” said Michael Mansouri, co-founder of Radiant
Images. “I look forward to joining Hawkeye’s team as their Chief
Technology Officer and welcome the additional role as both companies continue
to create, enable and capture the most advanced image technology.”
In
addition to Michael’s transition to chief technology officer, Gianna Wolfe,
co-founder of Radiant Images, will have a continuing operational role in
Radiant. The company will look to expand both their executive and engineering
teams. Radiant Images will be newly formed as a subdivision under Hawkeye
Systems – operating at full capacity, which allows for additional financial
accessibility and resources.
“This
proposed acquisition creates a certain synergy across multiple industries and
we are excited to grow and expand the company to create game-changing
technology,” said Lucas Foster who serves as a technical advisor to
Hawkeye Systems and is the President and CEO of Insight Engineering LLC.
“Hawkeye is a leader when it comes to high-resolution imagery, gathering
those images and gathering relevant data, and now coupled with Radiant, the
company’s scope, as it relates to A.I. data will only expand.”
Hawkeye
Systems will be leveraging Radiant Images’ RGB, Volumetric and Light Field
camera technologies to capture, store, process and output images and depth data
in 180 and 360 degrees in real time. These systems provide live streaming and
real-time image analysis of immersive 360 degree video which can be applied to
a variety of industries and use cases, from the battle field to the factory
floor. This proposed acquisition strengthens Hawkeye Systems’ technology and
will also make them leaders in the emerging fields of volumetric and light
field imaging. With exceptional portability, the volumetric and light field
image capture systems can create new products and services for a variety of new
markets including the entertainment industry, education and training
simulations, and quality control for manufacturing.
About Hawkeye Systems, Inc.
Hawkeye
Systems, Inc. is an American next-generation imaging technology company
developing products and services for military, police and the safety of
civilians. The company is focused on developing cutting edge optical imaging
products and services to assist the military and police forces with
Intelligence, Surveillance and Reconnaissance (ISR).
Hawkeye
is led by U.S. Military Academy (West Point) graduates, as well as film and
entertainment industry leaders. We are researching, designing, and developing
technology systems to protect and assist our military, police officers and
first responders while helping keep civilians safe from all threats both
foreign and domestic.
About Radiant Images
Radiant
Images is an award-winning technology provider to customers worldwide, specializing
in cinema, immersive, volumetric and light field advancements and innovations.
The company has been part of some of the world’s first and largest never been
done before immersive experiences, such as the Emmy-winning NASA/JPL Cassini’s
Grand Finale as well as the White House Obama’s Farewell Speech.
Radiant’s
AXA system debuted at the National Broadcasters Association in Las Vegas April
22nd, 2017, showcasing in all leading camera manufacturer exhibits such as
ARRI, Sony, Canon, Panasonic, and Red Digital Cinema. In 2018, Radiant Images
was commissioned by Sony Electronics to develop the world’s first truly
portable light field camera system called The Meridian; which debuted on June
2018 at the CineGear Expo located on the Paramount Studios lot. By the fall of
2018, ICG Magazine named Radiant Images “Light Years Ahead” for their
advances in holographic video technology with light field and volumetric.
Most
recently, the company designed, manufactured, sold, and installed the world’s
most accurate and adoptive volumetric and light field stages for one of the
oldest and largest movie studios. In June 2019, the company received the Tech
Innovation Award from Definition Magazine.
Forward-Looking Statements
This
press release may contain “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such statements include, but are not limited
to, any statements relating to access to capital, liquidity, increased visibility,
our growth strategy and product development, updates on the CRADA, and any
other statements that are not historical facts. Forward-looking statements are
based on management’s current expectations and are subject to risks and
uncertainties that could negatively affect our business, operating results,
financial condition, and stock price. Factors that could cause actual results
to differ materially from those currently anticipated are: risks related to our
growth strategy; risks relating to the results of research and development
activities; our ability to obtain, perform under and maintain financing and
strategic agreements and relationships; our dependence on third-party suppliers
and partners; our ability to attract, integrate, and retain key personnel; the
early stage of products under development; our need for substantial additional
funds; government regulation; patent and intellectual property matters;
competition; as well as other risks described in our SEC filings. Important
factors that may cause the actual results to differ from those expressed within
may include, but are not limited to: the success or failure of Hawkeye’s
efforts to successfully market its camera; systems, other products and services
as scheduled; Hawkeye’s ability to attract and retain quality employees; the
effect of changing economic conditions; increased competition; the ability of
Hawkeye to obtain adequate debt or equity financing. We expressly disclaim any
obligation or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in our
expectations or any changes in events, conditions or circumstances on which any
such statement is based, except as required by law.
For more
information, please contact:
Corby
Marshall, CEO
Number: +1(800)531-8799
Email: pr@hawkeyesystemsinc.com
Website: hawkeyesystemsinc.com
For more
information, please contact:
Michael
Mansouri, Co-founder
Number: +1(323)737-1314
Email: Michael@radiantimages.com
Website: radiantimages.com
SOURCE Hawkeye Systems, Inc.