UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 25, 2023
DIGITAL LOCATIONS, INC.
(Exact name of registrant as specified in its charter)
Nevada | 000-54817 | 20-5451302 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
1117 State Street, Santa Barbara, CA |
93101 | |
(Address of Principal Executive Offices) | (Zip Code) |
(805) 456-7000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common | DLOC | OTC Pink |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure.
On July 25, 2023, the Company issued a press release discussing the potential of direct satellites to smartphone communication.. A copy of the press release issued by the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated by reference solely for purposes of this Item 7.01 disclosure.
Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.
The information set forth under this Item 7.01, including Exhibit 99.3, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Exhibits
99.1 | Press Release dated July 25, 2023 |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
DIGITAL LOCATIONS, INC. | ||
Date: July 27, 2023 | By: | /s/ Rich Berliner |
Name: | Rich Berliner | |
Title: | Chief Executive Officer |
Exhibits 99.1
Digital Locations CEO Rich Berliner Discussed the Potential of Direct Satellites to Smartphone Communication with Space Technology and Security Expert
Dr. Gregory Falco, Assistant Professor at Cornell University, commented about the challenges of communication ambiguity and data ownership
Santa Barbara, CA - July 25, 2023 - Digital Locations, Inc. (OTCMKTS:DLOC), the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world, today announced that in a recent podcast, its CEO, Rich Berliner, spoke with Dr. Gregory Falco, Assistant Prof at Cornell University. During the conversation, Dr. Falco commented about the challenges of communication ambiguity and data ownership
“The area that we are really excited about now is multi agent architectures and LEO constellations,” said Dr. Falco. “We are interested in RPO missions (Rendezvous and Proximity Operations), where you have two assets that are coming close in proximity to each other and by doing so they need to communicate and interact and sometimes physically talk which requires security to be built into these systems.”
Talking about the potential of satellite to mobile communication, Dr. Falco stated, “When you have the capability to do sat to cell communication, you need to choose which satellite is talking to which, especially if you have a proliferated constellation in a Leo environment.”
Dr. Falco added, “Another area that’s very interesting is on the end-user standpoint on the cell side because that becomes the user segment of the space system.”
Dr. Gregory Falco, an Assistant Professor at the Sibley School of Mechanical and Aerospace Engineering and the Systems Engineering Program at Cornell University, is widely recognized for his ground breaking contributions in the field of mission-resilient autonomy for Aerospace Systems. He received his PhD from MIT, where NASA’s Jet Propulsion Laboratory funded his doctoral research in Cybersecurity at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL). Prior to joining Cornell University, he was an Assistant Professor at Johns Hopkins University’s Institute for Assured Autonomy and completed postdoctoral research at Stanford University’s Freeman Spogli Institute and MIT CSAIL.
He is the director of the Aerospace ADVERSARY Laboratory, which designs and develops next-generation autonomous, secure and resilient space infrastructure. As a hacker, he exploits physics and modern computing systems to achieve missions previously thought to be infeasible. His space technology research is policy-relevant and advances standards and national security conversations relating to space supremacy and cybersecurity. DARPA, the US Space Force, AFRL, NIST and NASA have funded his lab.
He was listed in Forbes 30 Under 30 for Enterprise Technology, named a DARPA RISER, and received the DARPA Young Faculty Award for his disruptive security and space technology research. His research and patents have been spun out into startups that have achieved international impact and recognition, resulting in acquisition. He consults for a range of big technology companies, space systems and defense contractors including Johns Hopkins University’s Applied Physics Laboratory. Prior to completing his PhD, he was an executive at Accenture.
This podcast can be viewed at https://www.youtube.com/watch?v=yOA5fs9PSi4
About Digital Locations, Inc.
Digital Locations, Inc., is the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world. Today, high-speed Internet (also known as broadband Internet) is only available in densely populated areas around the world. The rest of the world is still waiting. Elon Musk (SpaceX), Jeff Bezos (Blue Origin) and others are launching thousands of Low Earth Orbit (LEO) satellites. Unfortunately, without the use of additional equipment, the technology does yet exist that will allow these satellites to deliver high-speed Internet directly to smartphones. Solving this problem represents an extraordinary business opportunity. Working with a research team from Florida International University, we are developing a truly disruptive technology that will finally make it possible for the wireless industry to offer high-speed Internet service from satellites directly to smartphones anywhere in the world, indoors and outdoors with no dead zones and no cell towers. Anyone, anywhere, regardless of location, economic status, race or gender will be able to access high-speed Internet service and benefit from remote learning, health care, government services, telework, participation in public affairs and even Netflix, Amazon and much, much more.
To learn more about Digital Locations please visit www.digitallocations.com
Safe Harbor Stmt: This press release may contain “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. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. 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, except as may be required under applicable law.
Press Contact:
communications@digitallocations.com
(805) 456-7000