New York-based technology firm DarkPulse Inc. announced last week it will move its national headquarters to downtown Houston.
DarkPulse (OTCMKT: DPLS) leased just over 4,200 square feet of space in the Mellie Esperson Building at 815 Walker St. The tech firm currently lists New York City as its headquarters, according to the U.S. Securities and Exchange Commission. The 10-year Houston lease commences on March 1.
DarkPulse said it plans to hire approximately 50 employees for its Houston headquarters. Additionally, some corporate members based in the U.K. will relocate to the Houston office, including the company's Special Teams unit.
"Today's announcement is the culmination of hard work, dedication and a focused business strategy built upon the company’s evolution as a global Infratech leader," O'Leary said in a Feb. 7 announcement.
DarkPulse also operates an electronics manufacturing, research and development facility spanning 20,000 square feet in Tempe, Arizona.
The company develops security systems using fiber optic sensor technology to monitor temperatures, strains and stresses. DarkPulse's technology can be used by enterprise customers and governments for pipeline monitoring, border security, mine safety, aerospace infrastructure monitoring and other structural surveillance. Dennis O'Leary, chairman and CEO of DarkPulse, said the company also serves the transportation industry to monitor roadways, bridges and overpasses.
On Feb. 8, DarkPulse announced a new partnership with the Everglades Foundation to monitor environmentally sensitive areas in the Florida Everglades, including dam and levy monitoring. DarkPulse will also use technology to provide resource management planning, impact evaluation and habitat analysis through the project.
DarkPulse originally started as a spinout from the University of New Brunswick in Canada. DarkPulse purchased patents related to the distributed sensor technology from the university in 2010 in exchange for a debenture of 1.5 million Canadian dollars, the firm said in SEC filings.
The technology company recorded net losses of $275,841 and $1.83 million during 2020 and 2019, respectively, and to date hasn't generated operating revenue, DarkPulse said in its latest annual report. During the nine months ended Sept. 30, 2021, DarkPulse reported a net loss of $1.92 million, the firm told investors in a November quarterly report. DarkPulse is seeking to raise additional capital to accelerate sales and marketing efforts and to begin generating revenue.
