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Las Vegas, NV – April 9, 2024 – Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in developing innovative and advanced AI and AI infrastructure solutions, today announces the completion of its acquisition of privately held healthcare technology and data integration services firm, Wired-4-Health.
Unified by a shared objective to propel the healthcare data interoperability landscape forward, this strategic merger leverages cutting-edge AI and amplified computational capabilities. This potent combination empowers healthcare and life sciences organizations to navigate the complexities of data and system interoperability with unprecedented efficiency. By streamlining transaction processing, health outcomes analytics, and compliance adherence, this union fosters enhanced performance, improved data integrity, and a more cost-effective, scalable infrastructure for customers.
“Our strategy behind this acquisition was to enable Avant to deliver best-in-class data and system interoperability support services to the healthcare and life sciences sectors powered by AvantAI® and our high-density compute capabilities,” said Tim Lantz, Chief Executive Officer of Avant Technologies. “At the same time, this exciting combination significantly strengthens our financial profile, offers massive commercial growth opportunities in one of Avant’s largest target markets, and bolsters our internal customer support and R&D capabilities.”
The healthcare sector currently grapples with a confluence of intensifying pressures. Providers face an unrelenting demand to elevate patient outcomes while simultaneously reducing costs. This exigency coincides with an unprecedented prevalence of chronic illness and clinician burnout. Despite the transformative potential of digitalization within healthcare, a crucial impediment persists. The lack of standardized data protocols renders the vast troves of information generated by this digital revolution immensely intricate and expensive to utilize. Consequently, the potential for data-driven solutions to the industry’s most pressing challenges remains unrealized.
“In the near term, if the healthcare industry expects to succeed in lowering costs while improving quality, the deployment of advanced AI, combined with more powerful, cost-effective compute capabilities will be critical to that success,” said Angela Harris, Avant’s Chief Operating Officer. “The addition of Wired-4-Health will position Avant as a key contributor in helping healthcare organizations solve complex problems at the intersection of cost, quality, compliance and technology.”
About Avant Technologies, Inc.
Avant Technologies, Inc. is an artificial intelligence technology company specializing in creating and developing innovative and advanced AI infrastructure solutions designed to revolutionize the landscape for AI software development companies and other companies that require immense, scalable computing power, such as scientific simulations, climate modeling, protein folding analysis, and big data processing. The Company also employs its highly sophisticated machine and deep learning AI system, Avant! AI, to support a more efficient and secure operating environment.
More information about Avant Technologies can be found at https://avanttechnologies.com
You can follow us on social media at:
https://www.linkedin.com/company/avant-technologies-ai
https://www.youtube.com/@AvantTechAI
https://www.facebook.com/AvantTechAI
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
Source: Avant Technologies, Inc.
Las Vegas, NV – March 20, 2024 – Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in developing innovative and advanced AI and AI infrastructure solutions, today announced that it has entered into negotiations to acquire a privately held healthcare technology and data integration services firm in a cash-and-stock transaction valued at approximately $2 million.
Financial and Strategic Benefits of this Acquisition for Avant:
• This potential acquisition would significantly improve Avant’s financial health due to the immediate gains in revenue and operating cash flow generated from the existing long-term customer contracts Avant would inherit.
• Strengthens Avant’s expertise and reputation in handling healthcare, clinical, and financial data. This will boost the Company’s sales and execution capabilities within the healthcare sector, which has become a booming market for AI research, development, and adoption.
• Creates a well-established and experienced professional services team within Avant, which allows the company to effectively address the increasing needs of both existing and potential customers.
• Unlocks profitable new opportunities to sell additional services (upselling) and related products (cross-selling) to our existing customer base. This includes expanded professional services, automated data integration, powered by AvantAI®, and enhanced infrastructure through our new high-density compute offerings.
• This potential acquisition bolsters Avant’s internal software development team, which accelerates the delivery of Avant’s new high-density computing solutions, and supports the Company’s ongoing research and development efforts.
“We are excited about this opportunity to accelerate Avant’s growth within the healthcare sector and create new value for our customers and shareholders,” said Timothy Lantz, Avant’s Chief Executive Officer. “This acquisition will serve to further strengthen our financial position, unlock new growth opportunities in one of the top segments of AI adoption, and bolster our internal product development and client services capabilities.”
About Avant Technologies, Inc.
Avant Technologies, Inc. is an artificial intelligence technology company specializing in creating and developing innovative and advanced AI infrastructure solutions designed to revolutionize the landscape for AI software development companies and other companies that require immense, scalable computing power, such as scientific simulations, climate modeling, protein folding analysis, and big data processing. The Company also employs its highly sophisticated machine and deep learning AI system, Avant! AI™, to support a more efficient and secure operating environment.
More information about Avant Technologies can be found at https://avanttechnologies.com
You can follow us on social media at:
https://www.linkedin.com/company/avant-technologies-ai
https://www.youtube.com/@AvantTechAI
Tweets by AvantTechAI
https://www.facebook.com/AvantTechAI
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
SOURCE: Avant Technologies, Inc.
Las Vegas, NV – March 4, 2024 – Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in creating and developing innovative and advanced AI infrastructure solutions, announced today that Avant is experiencing growing demand for its planned high-density compute infrastructure and distributed supercomputing solutions.
In September 2023, Avant announced plans to begin working on the design and production of a faster, more powerful, and more cost-effective compute infrastructure aimed at supporting AI, machine learning and other big data use cases. Last month Avant announced its partnership with the Florida-based technology development firm Wired4Tech to help support “last mile” development and testing of Avant’s new high-density private cloud infrastructure solution. On the heels of that recent announcement, the company shared today that it is seeing strong prelaunch momentum for its new high-density compute solution, which is expected to be available later this year.
Avant’s VP of Business Development, Jared Pelski, stated, “The team has been working hard on bringing new technology to market that will address critical issues and growing opportunities in the current data center infrastructure landscape. We’re starting to see that effort and innovation play out on the demand side as we continue to ramp up our pre-launch selling activities. Our qualified pipeline has almost doubled since December and new lead volume for February was up over 500%, month-over-month.”
The global cloud computing market size was valued at $545.8 billion in 2022, and it is projected to reach $1.24 trillion by 2027(1). Within that broader landscape, private cloud and AI are two of the fastest growing subsegments with rapidly increasing demand for better, more cost-effective, and scalable solutions. These early indicators of demand for Avant’s new high-density compute infrastructure are consistent with commercial growth numbers that have been reported from traditional data centers. A Q3 2023 report by TD Cowen, entitled, “A Tsunami of AI Demand Hits the Data Center Market,” highlighted annualized growth rates in the third-party data center market of more than 80%, and went on to cite a specific example of a large data center whose sales pipeline doubled in size over a 90-day period(2).
“We’ve made great progress over the past several months and are encouraged by the growing enthusiasm we’re seeing from the market, but we still have a lot of hard work ahead of us,” said Timothy Lantz, Chief Executive Officer of Avant. “The fact that early interest in our next generation infrastructure is coming from multiple customer segments, including data centers, universities, healthcare, government, construction, and tech is a great indicator of how extensively AI and big data are being woven into the fabric of our economy and our everyday lives. The magnitude of reach and positive impact Avant can make in this space is a huge motivator to our team and inspires us to give our best every day.”
1. Source: Cloud Computing Market; Markets and Markets; November 2022
2. Source: A Tsunami of AI Demand Hits the Data Center Market; July 2023
About Avant Technologies, Inc.
Avant Technologies, Inc. is an artificial intelligence technology company specializing in creating and developing innovative and advanced AI infrastructure solutions designed to revolutionize the landscape for AI software development companies and other companies that require immense, scalable computing power, such as scientific simulations, climate modeling, protein folding analysis, and big data processing. The Company also employs its highly sophisticated machine and deep learning AI system, Avant! AI™, to support a more efficient and secure operating environment.
More information about Avant Technologies can be found at https://avanttechnologies.com
You can follow us on social media at:
https://www.linkedin.com/company/avant-technologies-ai
https://www.youtube.com/@AvantTechAI
Tweets by AvantTechAI
https://www.facebook.com/AvantTechAI
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
SOURCE: Avant Technologies, Inc.
Vancouver, Kelowna and Delta, BC – February 22, 2024 – Investorideas.com, a global news source and expert investing resource covering AI stocks issues a snapshot for the sector featuring Avant Technologies, Inc. (OTCQB: AVAI), an artificial intelligence (AI) technology company specializing in creating and developing innovative and advanced AI infrastructure solutions.
Read the full article on Investorideas.com
https://www.investorideas.com/News/2024/technology/02220AI-Stocks.asp
With AI stocks showing impressive gains in 2023, there are high expectations for 2024 as the technology advances exponentially and investment continues to pour into the sector.
According to a report this week from Barron’s, “Microsoft is on an artificial-intelligence charm offensive around the world. The technology company’s latest commitment is for around $5.6 billion in AI investment across Europe.”
With the tech giants all battling for leadership, investors are looking for smaller companies with niche market opportunities, to find the next potential big thing in AI.
Focusing on security applications for AI, Avant Technologies, Inc. (OTCQB: AVAI) just announced that it will be expanding its scope for planned enhancements to Avant! AI™ with the intent to deliver best in class security in conjunction with its high-performance data center infrastructure. As one of the earliest companies to market with a functional generative AI, Avant’s announcement marks a significant advancement in data center information management, compliance and cybersecurity.
From the news: Avant! AI™ seamlessly integrates with industry-standard data science tools and algorithms, enabling organizations to harness the power of data for deeper insights and informed decision-making. Planned advancements in Avant’s proprietary gen AI will have the dual aim of providing early detection of potential security vulnerabilities and recommendations for proactive interventions to enhance cybersecurity baselines, mitigate risks and ensure compliance in today’s dynamic digital landscape.
“As a former CISO, I am extremely excited about adding AI-enhanced cybersecurity to our customer-facing toolkit,” said Danny Rittman, CISO at Avant Technologies. “Cybersecurity and compliance are more important than ever, and we are passionate about supporting our customers and partners to stay ahead of the curve – both now and in the future.”
From the news: On the cybersecurity front, Avant will serve as a vigilant guardian – supervising all cybersecurity aspects within the data center environment. From continuous monitoring and vulnerability assessment to proactive risk assessments and real-time response in case of cyber-attack incidents, Avant intends to empower its customers to achieve and maintain a robust cybersecurity posture and threat mitigation capabilities – going beyond standard cybersecurity to maintain data compliance, privacy compliance, and necessary standard compliances according to specific application types. By automating compliance management processes, organizations can achieve regulatory compliance while reducing administrative burden and mitigating compliance-related risks.
Avant CEO, Timothy Lantz said, “The rapid advancements in AI are unlocking tremendous opportunities and potential across almost every facet of our lives, but those same advancements can also pose an increased threat when used by those with an intent to harm. In today’s digital world cybersecurity is of paramount importance and Avant is committed to providing our customers with the necessary tools to ensure the safety and security of their information and that of their end-users.”
Avant! AI™ represents a paradigm shift in data center management, offering organizations a strategic advantage in optimizing performance, enhancing cybersecurity, and ensuring compliance in their IT infrastructure.
According to a recent article looking at how one AI stock, C3.ai performed last year, “The stock gained 157% in 2023, far outpacing the S&P 500’s 24% rise.”
C3.ai will host its fifth annual AI conference, C3 Transform 2024, from March 5-7, 2024 in Boca Raton, Florida. This event brings together business leaders, technical experts, thought leaders, and C3 AI customers to discuss enterprise AI innovation, performance and value; this year, the focus is on how generative AI is delivering enormous productivity and efficiency benefits across industries.
From the news: “At its core, C3 Transform is where the vision of enterprise AI comes to life,” said C3 AI CEO and Chairman, Thomas M. Siebel. “Generative AI is changing the future of business, and leaders across every sector are turning to it to improve efficiency, productivity, and workforce skills and knowledge. By bringing together experts from C3 AI and early adopters who can speak to the value of enterprise AI, C3 Transform gives attendees the chance to discover exactly how they can use generative AI securely and effectively.”
A recent Form 13F SEC filing for Nvidia grabbed investor attention showing investment in SoundHound AI (NASDAQ: SOUN), a voice AI solutions company. Investors will be able to see if the company performance matches expectations, as they announced that it will report its 2023 fourth quarter and full year financial results on Thursday, February 29, 2024 after market close. The company will host a conference call and webcast to review the results on the same day.
Keyvan Mohajer, Co-Founder and CEO, and Nitesh Sharan, CFO will host the conference call at 2:00 p.m. PT / 5:00 p.m. ET. A live audio webcast will be available at investors.soundhound.com and a replay will be available at the same location.
Knightscope, Inc. (NASDAQ: KSCP), an innovator in robotics and artificial intelligence technologies focused on public safety, recently announced that it deployed two more of its K5 Autonomous Security Robots (“ASRs”) driven by its proprietary AI software to enhance safety measures at a Washington casino and at a security services company that recently became a reseller in the Knightscope Authorized Partner (“KAP”) program.
The K5 ASR is the Company’s fully autonomous (i.e., no human intervention needed to operate) outdoor robot capable of watching over a property 24/7/365. The robot’s commanding size, along with its conspicuous lighting, strobe lights, broadcast messages and patrol sounds effectively deter illicit activities, while its sensors gather evidentiary-quality video and publicly available data to aid investigations. The robots also provide a unique guest experience with branded graphics, a client-chosen voice for custom audio broadcast messaging, and improved access to emergency services.
As all investors turned to Nvidia’s Q4 earnings this week for insight into the direction of the sector, it is apparent that the AI game in still in its infancy. It is growing at a pace beyond any predictions. OpenAI’s ChatGPT surpassed 1 million users in 5 days and according to the latest available data (December), ChatGPT currently has around 180.5 million users.
Research more AI stocks with Investorideas.com free stock directory
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Las Vegas, NV – February 21, 2024 – Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in creating and developing innovative and advanced AI infrastructure solutions, announced today that it will be expanding its scope for planned enhancements to Avant! AI™ with the intent to deliver best in class security in conjunction with its high-performance data center infrastructure. As one of the earliest companies to market with a functional generative AI, Avant’s announcement marks a significant advancement in data center information management, compliance, and cybersecurity.
Avant! AI™ seamlessly integrates with industry-standard data science tools and algorithms, enabling organizations to harness the power of data for deeper insights and informed decision-making. Planned advancements in Avant’s proprietary gen AI will have the dual aim of providing early detection of potential security vulnerabilities and recommendations for proactive interventions to enhance cybersecurity baselines, mitigate risks and ensure compliance in today’s dynamic digital landscape.
“As a CIO and former CISO, I am extremely excited about adding AI-enhanced cybersecurity to our customer-facing toolkit,” said Danny Rittman, CIO at Avant Technologies. “Cybersecurity and compliance are more important than ever, and we are passionate about supporting our customers and partners to stay ahead of the curve – both now and in the future.”
On the cybersecurity front, Avant will serve as a vigilant guardian – supervising all cybersecurity aspects within the data center environment. From continuous monitoring and vulnerability assessment to proactive risk assessments and real-time response in case of cyber-attack incidents, Avant intends to empower its customers to achieve and maintain a robust cybersecurity posture and threat mitigation capabilities – going beyond standard cybersecurity to maintain data compliance, privacy compliance, and necessary standard compliances according to specific application types. By automating compliance management processes, organizations can achieve regulatory compliance while reducing administrative burden and mitigating compliance-related risks.
Avant CEO, Timothy Lantz, said, “The rapid advancements in AI are unlocking tremendous opportunities and potential across almost every facet of our lives, but those same advancements can also pose an increased threat when used by those with an intent to harm. In today’s digital world cybersecurity is of paramount importance and Avant is committed to providing our customers with the necessary tools to ensure the safety and security of their information and that of their end-users.”
Avant! AI™ represents a paradigm shift in data center management, offering organizations a strategic advantage in optimizing performance, enhancing cybersecurity, and ensuring compliance in their IT infrastructure.
About Avant Technologies, Inc.
Avant Technologies, Inc. is an artificial intelligence technology company specializing in creating and developing innovative and advanced AI infrastructure solutions designed to revolutionize the landscape for AI software development companies and other companies that require immense, scalable computing power, such as scientific simulations, climate modeling, protein folding analysis, and big data processing. The Company also employs its highly sophisticated machine and deep learning AI system, Avant! AI™, to function as both a versatile and customizable AI solution in a host of industries and applications.
More information about Avant Technologies can be found at https://avanttechnologies.com
You can also follow us on social media at:
https://twitter.com/AvantTechAI
https://www.linkedin.com/company/avant-technologies-ai
https://www.facebook.com/AvantTechAI
https://www.youtube.com/@AvantTechAI
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release.
Contact:
SOURCE: Avant Technologies, Inc.
Las Vegas, NV – February 12, 2024 – Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in creating and developing innovative and advanced AI infrastructure solutions, announced today that it plans to begin additional training on AvantAI™ to enhance its latest developments in high-performance data center infrastructure. As one of the earliest companies to bring a gen AI to market, Avant’s announcement marks a significant advancement in data center operations management.
“We are thrilled to introduce our groundbreaking AI technology for intelligent data center management,” said Danny Rittman, CISO at Avant Technologies, Inc. “With our innovative solution, organizations can unlock new levels of performance and efficiency in their data center operations, driving business success in today’s digital era.”
By leveraging AvantAI™ to enhance monitoring capabilities, organizations will be able to gain real-time insights into their data center infrastructure, thereby enabling proactive management of maintenance, uptime, and overall performance. By analyzing vast amounts of data, the AI system will be able to forecast potential problems before they happen and provide proactive solutions to avoid outages or malfunctions, ensuring uninterrupted operation of critical systems. In addition to data monitoring and predictive analysis, AvantAI™ will help oversee and monitor all aspects of data traffic efficiency – offering enhanced capabilities to dynamically adjust resource allocation and routing, maximize performance and minimize latency, and achieve throughput and responsiveness in their data center environments.
Avant CEO Timothy Lantz commented, “By leveraging Avant’s legacy AI technology in combination with our newest innovations in high-density computing infrastructure, we are aspiring to create a true paradigm shift in data center management – offering our customers and partners an unparalleled advantage in performance and cost optimization.”
About Avant Technologies, Inc.
Avant Technologies, Inc. is an artificial intelligence technology company specializing in creating and developing innovative and advanced AI infrastructure solutions designed to revolutionize the landscape for AI software development companies and other companies that require immense, scalable computing power, such as scientific simulations, climate modeling, protein folding analysis, and big data processing. The Company also employs its highly sophisticated machine and deep learning AI system, AvantAI™, to function as both a versatile and customizable AI solution in a host of industries and applications.
More information about Avant Technologies can be found at https://avanttechnologies.com
You can also follow us on social media at:
https://twitter.com/AvantTechAI
https://www.linkedin.com/company/avant-technologies-ai
https://www.facebook.com/AvantTechAI
https://www.youtube.com/@AvantTechAI
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
Source: Avant Technologies, Inc
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