Boca Jom
3 days ago
Company Report: Avant Technologies
Business Overview
Avant Technologies is a forward-thinking company specializing in artificial intelligence (AI) and high-performance computing. Their operations span the acquisition and integration of advanced AI-powered servers, development of proprietary AI software for data center management, and significant ventures into healthcare technology.
Mission Statement
Avant Technologies is committed to revolutionizing the technological landscape by leveraging cutting-edge AI and computing solutions. Their mission is to drive efficiency, security, and innovation, particularly in data management and healthcare sectors.
Core Competencies and Differentiators
1. Advanced AI Solutions: Avant Technologies focuses on acquiring and utilizing high-performance, immersible AI-powered servers to enhance computational capabilities and data processing efficiency. This positions them at the forefront of AI technology application.
2. Proprietary AI Software: The development of a proprietary AI software platform for data center management underscores Avant's commitment to innovation. This platform aims to optimize resource allocation, improve operational efficiency, and manage data centers more effectively.
3. Healthcare Technology Integration: Avant has strategically acquired healthcare technology firms to advance AI interoperability in healthcare data. This integration promotes better data analysis and management, contributing to more efficient healthcare solutions.
4. Security Initiatives Avant is implementing AI-empowered zero-trust architecture within its data centers to ensure robust security measures and data integrity. This focus on security differentiates them from competitors by prioritizing data protection and trust.
5. Supercomputing Capabilities: Avant's launch of an advanced AI supercomputing network, along with their efforts to develop a nationwide low-latency supercomputing grid, highlights their commitment to providing extensive and rapid computational resources. These initiatives demonstrate Avant's dedication to scalability and performance in AI computing.
Strategic Partnerships and Collaborations
Avant Technologies collaborates with companies like Wired4Tech to continuously evaluate and enhance their technological offerings. These strategic partnerships are crucial in ensuring that Avant remains at the cutting edge of technological innovation and efficiency.
Recent Developments
- Binding LOI for AI Servers: Avant Technologies has entered into a binding Letter of Intent (LOI) to purchase high-performance AI servers. This move is aimed at significantly boosting their AI capabilities and data processing efficiency.
- Performance Evaluation by Wired4Tech: The engagement with Wired4Tech to evaluate the next-generation AI server technology highlights Avant's commitment to maintaining optimal performance and technological superiority.
- Data Center Management Revolution: Avant is developing a proprietary AI software platform intended to revolutionize data center management by optimizing resource allocation and improving operational efficiency.
- New CEO and Healthcare Focus: Following the acquisition of a healthcare technology and data integration firm, Avant appointed a new CEO. This strategic move aligns with their mission to enhance AI interoperability in healthcare data.
- AI-Empowered Zero Trust Architecture: Avant's initiative to implement AI-empowered zero-trust architecture in its data centers underscores their focus on security and data integrity.
Conclusion
Avant Technologies presents itself as an innovative leader in the AI and high-performance computing space. Their strategic acquisitions, focus on proprietary AI solutions, and commitment to data security and healthcare integration position them as a forward-thinking and robust player in the tech industry. To a reader, Avant comes across as a dynamic and ambitious company, dedicated to leveraging AI for transformative solutions across various sectors. Their proactive approach in acquiring advanced technologies and fostering strategic partnerships signals a strong drive for continuous improvement and market leadership.
ENDS.
Sources:
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Enters-Binding-LOI-to-Purchase-Dozens-of-High-Performance-Immersible-AI-Powered-Servers?id=442935
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Engages-Wired4Tech-to-Evaluate-the-Performance-of-Next-Generation-AI-Server-Technology?id=441570
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-to-Revolutionize-Data-Center-Management-with-Proprietary-AI-Software-Platform?id=440832
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Equipping-AI-Managed-Data-Center-with-High-Performance-Computing-Systems?id=440114
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Names-New-CEO-Following-Acquisition-of-Healthcare-Technology-and-Data-Integration-Firm?id=439109
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-to-Implement-AI-Empowered-Zero-Trust-Architecture-in-Its-Data-Centers?id=438410
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Launches-Advanced-AI-Supercomputing-Network-and-ExpansiveData-Solutions?id=437767
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Begins-Development-on-Next-Generation-AI-Driven-Resource-Allocation-Solution?id=436931
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Acquires-Wired-4-Health-Advancing-AI-Interoperability-in-Healthcare-Data?id=436200
https://www.otcmarkets.com/stock/AVAI/news/UPDATE---Avant-Technologies-Engages-Wired4Tech-to-Develop-Nationwide-Low-Latency-Supercomputing-Grid?id=435981
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Engages-Wired4Tech-for-the-Development-of-a-Nationwide-Low-Latency-Supercompute-Grid?id=435806
Oleblue
2 weeks ago
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology
May 23 2024 - 8:00AM
LAS VEGAS, NV -- May 23, 2024 -- InvestorsHub NewsWire -- Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), a leading innovator and enabler of AI infrastructure technology, announces its engagement with Wired4Tech, a renowned AI infrastructure consulting firm.
As part of its existing technology services agreement with Wired4Tech, Avant Technologies has engaged Wired4Tech to conduct comprehensive performance benchmarking of a next-generation AI cloud server that Avant is evaluating for future use in its AI data center cloud infrastructure.
Wired4Tech’s performance benchmarking will encompass a range of crucial metrics, including response time, throughput, CPU and memory usage, disk I/O, network latency, and error rates. These metrics are essential for assessing the server's ability to handle complex AI workloads efficiently and reliably. Additionally, Wired4Tech will measure the server’s power consumption and anticipated cost savings.
Response time will be evaluated to measure the speed at which the server responds to various actions, providing insight into its overall responsiveness. Throughput analysis will assess the server's data transfer capabilities, considering factors such as file size, cached or uncached content, and available network bandwidth.
Furthermore, CPU and memory usage will be closely monitored to gauge the server's processing power and memory management efficiency. Disk I/O performance will be evaluated to ensure smooth data access and storage operations, while network latency measurements will provide valuable information on the server's communication speed with external systems.
"We are excited to engage Wired4Tech to benchmark the performance of an innovative, next-generation AI server," said William Hisey, Chief Executive Officer at Avant Technologies. "By conducting rigorous benchmark testing of this promising server technology, we expect to validate its expected performance and cost-saving benefits."
The results of the benchmark testing will enable Avant Technologies to further execute on its AI infrastructure business strategy.
About Avant Technologies, Inc.
Avant Technologies leads the way in providing distributed submerged infrastructure solutions. With a commitment to innovation and sustainability, Avant Technologies addresses the complex challenges of the digital era with cutting-edge solutions.
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://twitter.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.
info@avanttechnologies.com
Oleblue
3 weeks ago
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm
Avant Technologies, Inc.
Thu, May 2, 2024
In this article:
LAS VEGAS, May 02, 2024 (GLOBE NEWSWIRE) -- Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence (AI) technology company specializing in the development of advanced AI and data center infrastructure solutions, has named William Hisey as the Company’s new Chief Executive Officer (CEO), effective immediately. Hisey comes to Avant via its acquisition of Wired4Health, a healthcare technology and data integration firm, where he’s spent the last 13 years serving as the firm’s Chief Financial Officer (CFO).
Hisey joins Avant at a pivotal moment in the Company’s growth. Avant spent the past year laying the groundwork for its future in the AI industry, and William Hisey will bring his 25 years of experience in business operations and finance, including executive-level positions in private equity and corporate finance, to position the company financially to continue its AI data center infrastructure development plans and the Company’s complete growth in the burgeoning AI industry.
Commenting on his appointment as the new CEO at Avant, Hisey said, “Avant has been methodically building a company that can compete in the AI space in an area of great need, and I am excited to join the team at this crucial point in the Company’s development.”
His experiences run the gamut from initial start-ups to Fortune 100 Companies. Mr. Hisey began his career at Ernst & Young, considered one of the Big Four accounting firms globally, as a financial auditor before transitioning to Pitney Bowes, where he performed in multiple financial roles. After serving as the Vice President (VP) of Business Development at IVAX Pharmaceuticals, Hisey became the CFO of the boutique venture capital firm, SnowMark Capital.
Mr. Hisey then transitioned to the entrepreneurial side of business and founded RxStrategies, Inc., a “340B” pharmaceutical services startup, where his focus was on developing the business model, raising capital, and directing the ramp-up of company infrastructure and front of the house activities.
Most recently, Hisey has been providing CFO and private equity services to a variety of companies, while also serving as the CFO for Wied4Health since 2011. His work includes financial structuring, business modeling, strategic planning, capital raises, and due diligence/process improvement projects.
Prior to his 13-year tenure with Wired4Health, which was acquired by Avant earlier this month, Hisey spent almost six years as CFO and Vice President of Business Development with Sentry Data Systems (Sentry), a healthcare solutions technology company. While at Sentry, the company grew from just 15 employees to more than 100 employees and revenue grew dramatically from less than $1 million to more than $100 million.
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
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 because 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
Boca Jom
7 months ago
1. Avant Technologies Inc.'s AI solutions are cutting-edge and have the potential to revolutionize the industry.
Avant Technologies Inc. is a leader in AI innovation, with specialized machine and deep-learning capabilities. Its flagship product, Avant! AI , is a game-changer that offers sophisticated algorithms for predictive analytics and can manage high-speed data streams essential in financial analytics. This provides accurate, real-time insights, thereby aiding in more effective risk management.
2. Avant Technologies Inc.'s versatile revenue streams offer a diversified approach to revenue generation and risk mitigation.
Avant Technologies Inc. has a three-pronged business model that spans in-house AI development, B2B solutions, and tech licensing. This diversified approach helps to reduce risk and opens multiple avenues for revenue.
3. Avant Technologies Inc.'s focus on performance and scalability makes it a go-to choice for AI companies aiming for rapid innovation.
Avant Technologies Inc.'s computational prowess offers quick and efficient data processing, making it a go-to choice for AI companies aiming for rapid innovation. This is essential in the fast-paced AI industry, where companies need to be able to quickly develop and deploy new AI solutions.
BlazingStocks
8 months ago
Item 3.02 Unregistered Sales of Equity Securities.
On October 2, 2023, Avant Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreement with 1800 Diagonal Lending LLC (“DL”) pursuant to which the Company issued to DL a Convertible Promissory Note (the “DL Convertible Note”) in the aggregate principal amount of $126,000 for a purchase price of $105,000. The DL Convertible Note has a maturity date of March 2, 2025 and the Company has agreed to pay interest on the unpaid principal balance of the DL Convertible Note at the rate of eight percent (8.0%) per annum from the date on which the DL Convertible Note is issued until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. The Company shall have the right to prepay the DL Convertible Note, provided it makes a payment including a prepayment to DL as set forth in the DL Convertible Note.
The outstanding principal amount of the DL Convertible Note may not be converted prior to the period beginning on the date that is 180 days following the date the DL Convertible Note is issued. Following the 180th day, DL may convert the DL Convertible Note into shares of the Company’s common stock at a conversion price equal to 85% of the lowest trading price during the 20-day period preceding the date of conversion. In addition, upon the occurrence and during the continuation of an event of default (as defined in the DL Convertible Note), the DL Convertible Note shall become immediately due and payable and the Company shall pay to DL, in full satisfaction of its obligations hereunder, additional amounts as set forth in the DL Convertible Note. In no event shall DL be allowed to effect a conversion if such conversion, along with all other shares of Company common stock beneficially owned by DL and its affiliates would exceed 4.99% of the outstanding shares of the common stock of the Company.
The issuances of the DL Note and the DL Convertible Note was made in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”), pursuant to Section 4(a)(2) of the Act. The foregoing description of the terms of the above transactions do not purport to be complete and are qualified in their entirety by reference to the provisions of such agreements, the forms of which are filed as exhibits to this Current Report on Form 8-K.
The transaction was closed and funded on October 4, 2023.
Prior note for $125,100 that was funded by DL on or about March 27, 2023 was paid off by the Company on September 26, 2023 for $136,393.27.
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