CRANSTON, RI / ACCESSWIRE / November 2, 2023 / Sparx Holdings Group, Inc. (OTC PINK:SHGI), a pioneering force in fire protection technology, remains steadfast in its mission to advance the Sparx™ Smart Sprinkler System prototype. This innovative system is designed to seamlessly integrate with conventional sprinklers typically found in warehouses and commercial spaces. The Sparx™ Smart Sprinkler System, distinguished by its advanced sensor-based design, represents a transformative approach to fire protection, with initial tests showing prompt detection of fire hazards. Unlike conventional systems that rely solely on basic temperature thresholds, the Sparx™ Smart Sprinkler System is intended to activate targeted sprinkler heads surrounding the fire's origin and halt its potential spread.
The recent surge in large-scale warehouse and commercial fires, exemplified by the tragic 2022 incident at the 1.2 million square foot Walmart facility in Plainfield, Indiana, has underscored the urgent need for advanced fire protection solutions. The fire, which led to millions of dollars in damages and tort claims filed against many of the responding fire departments(1), highlighted the limitations of traditional storage fire sprinkler systems, which are primarily designed to suppress and control fires until the fire department arrives to achieve final extinguishment, rather than directly extinguish the fire effectively.
As of June this year, with the construction of a new 2.2 million square foot Walmart facility, concerns among local authorities in Hancock County have escalated, shedding light on the necessity for more robust fire management technology(2). Sparx Holdings Group, Inc. recognizes the significance of technological advancement in addressing these critical fire protection challenges.
Through its focus on leveraging cutting-edge electronics and software, Sparx Holdings Group, Inc. aims to deliver a comprehensive solution that not only suppresses but has the potential to extinguish fire hazards in commercial settings. The Sparx™ Smart Sprinkler System is anticipated to offer advanced fire protection capabilities and provide vital information to assist incident commanders in strategic decision-making during fire emergencies by providing critical information such as how many fire sprinklers have activated, exactly which sprinklers have activated, and ceiling temperatures during a fire which are helpful when it comes to determining the structural integrity of the building during firefighting efforts.
"We're driven to transform fire protection in complex settings such as large warehouses, mitigating the risks associated with high-stakes firefighting efforts and safeguarding lives," stated Cassandra DeNunzio, CEO of Sparx Holdings Group, Inc.
With an innovative approach and commitment to ensuring swift response times and effective fire sprinkler protection, Sparx Holdings Group, Inc. believes it is poised to capture a significant share of the global fire sprinkler market, which was valued at $12.49 billion USD in 2021(3).
For more information on Sparx Holdings Group, Inc., please refer to the information below.
Regulation A+ offering: https://www.sparx-fire.com.
Twitter: https://twitter.com/SHGI_SparxFire
Facebook: https://www.facebook.com/people/Sparx-Holdings-Group-Inc/100093347986779/
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Cautionary Language Concerning Forward-Looking Statements:
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Please refer to the risk factors in our Form 1-A Offering Circular filed with the Securities and Exchange Commission on May 11, 2023.
Citations in Article:
(2) Fox 59: https://fox59.com/indiana-news/hancock-county-firefighters-concerned-about-responding-to-warehouse-fires/
(3) Straits Research. (2022). (rep.). Fire Sprinkler Market Trend, Growth to 2022-2030. Retrieved February 2, 2023, from https://straitsresearch.com/report/fire-sprinkler-market
Contact:
Sparx Holdings Group, Inc.- Investor Relations and Media Inquiries
Email: info@sparx-fire.com
Website: https://www.sparx-fire.com
Source: Sparx Holdings Group, Inc.
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