Trending...
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Spinnaker Chocolate Expands with New Factory and Café in Wallingford
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
SEATTLE, April 15, 2025 ~ Seattle, Washington - Spectral Capital Corporation (OTCQB: FCCN) has made a significant move in the autonomous vehicle industry with its recent acquisition of 169,889 shares of Preferred Stock in a leading AI software company. The shares were obtained through an exchange of Spectral Capital stock valued at $10 per share, resulting in a total transaction value of $16,889,900.
The target company, which cannot be named at this time due to confidentiality agreements, is a major player in the autonomous driving space and supplies AI software to 10 of the top OEM's worldwide. With a current IPO target of $20 billion by June 2026 and outstanding shares, each share in the AI Company is estimated to be worth approximately $159. This puts Spectral's new stake at a current market value of around $27 million.
This strategic investment not only expands Spectral's portfolio into the rapidly growing autonomous driving sector but also sets the foundation for deeper collaboration between the two companies. In addition to the equity investment, Spectral Capital and the AI Company are currently negotiating a licensing agreement that would allow the AI Company to use Spectral's existing patent library. This potential agreement highlights the importance of this partnership as both companies aim to accelerate innovation in the autonomous vehicle industry by combining their expertise and resources.
More on Washingtoner
Jenifer Osterwalder, CEO of Spectral Capital Corporation, expressed her excitement about this new venture stating that "our investment in autonomous driving AI represents a strategic step forward for Spectral." She believes that their partnership with the AI Company will drive innovation in autonomous vehicle software with a visionary yet practical approach. Osterwalder also mentioned that they are looking into ways to leverage Spectral's patent portfolio in their solutions to further advance autonomous driving technology.
This acquisition marks Spectral Capital's entry into the autonomous driving arena and reflects its commitment to investing in transformative technologies. By partnering with an industry leader and gaining access to a robust patent library, Spectral Capital is strengthening its position as a diversified technology accelerator bridging innovations in artificial intelligence and next-generation computing.
Spectral Capital Corporation, headquartered in Seattle, is a publicly traded technology venture company and quantum computing incubator. The company specializes in developing and operating proprietary quantum technology platforms while strategically investing in complementary emerging technologies such as artificial intelligence and autonomous systems. Their mission is to accelerate innovation by bridging the gap between cutting-edge research and real-world applications, delivering practical, scalable solutions in areas including quantum computing, AI, and advanced robotics.
More on Washingtoner
This strategic investment by Spectral Capital Corporation not only creates value for their shareholders but also contributes to the future of transportation. With their extensive patent portfolio and expertise, they are well-positioned to foster advancements across industries and drive practical solutions for emerging technologies. For more information on Spectral Capital Corporation, visit their website at www.spectralcapital.com.
The target company, which cannot be named at this time due to confidentiality agreements, is a major player in the autonomous driving space and supplies AI software to 10 of the top OEM's worldwide. With a current IPO target of $20 billion by June 2026 and outstanding shares, each share in the AI Company is estimated to be worth approximately $159. This puts Spectral's new stake at a current market value of around $27 million.
This strategic investment not only expands Spectral's portfolio into the rapidly growing autonomous driving sector but also sets the foundation for deeper collaboration between the two companies. In addition to the equity investment, Spectral Capital and the AI Company are currently negotiating a licensing agreement that would allow the AI Company to use Spectral's existing patent library. This potential agreement highlights the importance of this partnership as both companies aim to accelerate innovation in the autonomous vehicle industry by combining their expertise and resources.
More on Washingtoner
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
Jenifer Osterwalder, CEO of Spectral Capital Corporation, expressed her excitement about this new venture stating that "our investment in autonomous driving AI represents a strategic step forward for Spectral." She believes that their partnership with the AI Company will drive innovation in autonomous vehicle software with a visionary yet practical approach. Osterwalder also mentioned that they are looking into ways to leverage Spectral's patent portfolio in their solutions to further advance autonomous driving technology.
This acquisition marks Spectral Capital's entry into the autonomous driving arena and reflects its commitment to investing in transformative technologies. By partnering with an industry leader and gaining access to a robust patent library, Spectral Capital is strengthening its position as a diversified technology accelerator bridging innovations in artificial intelligence and next-generation computing.
Spectral Capital Corporation, headquartered in Seattle, is a publicly traded technology venture company and quantum computing incubator. The company specializes in developing and operating proprietary quantum technology platforms while strategically investing in complementary emerging technologies such as artificial intelligence and autonomous systems. Their mission is to accelerate innovation by bridging the gap between cutting-edge research and real-world applications, delivering practical, scalable solutions in areas including quantum computing, AI, and advanced robotics.
More on Washingtoner
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Spokane: Underhill Sport Court Renovation Ribbon Cutting July 3, 10 a.m.
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
This strategic investment by Spectral Capital Corporation not only creates value for their shareholders but also contributes to the future of transportation. With their extensive patent portfolio and expertise, they are well-positioned to foster advancements across industries and drive practical solutions for emerging technologies. For more information on Spectral Capital Corporation, visit their website at www.spectralcapital.com.
Filed Under: Business
0 Comments
Latest on Washingtoner
- Spokane City Council Adopts Engagement and Enforcement Ordinances
- Spokane City Council Approves Safe and Welcome in Spokane Ordinance
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- Spokane: Flags Lowered for Coeur d'Alene Fire Department and Kootenai County Fire and Rescue
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- Spokane: City Details Fourth of July Activities, Closures
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025