SAI.TECH Announces Presence at the 2024 SelectUSA Investment Summit
June 18 2024 - 4:05PM
SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”)
(NASDAQ: SAI, SAITW), announced its presence at the upcoming 2024
SelectUSA Investment Summit, taking place on June 23 in Maryland,
the United States. The event serves as a pivotal platform for
fostering business investment, connecting thousands of investors,
companies, economic development organizations (EDOs), and industry
experts.
The SelectUSA Investment Summit is renowned for its role in
facilitating international tech startups looking to introduce
innovative technology products and services to the U.S. market
within the next 2-3 years.
Dr. Tao Wu has been invited to showcase SAI's ground-breaking
initiatives, including the introduction of its Computing Heat
Recycling R&D Center in Marietta, OH. This center is equipped
with the innovative Advanced Computing Center Ecosystem (ACCE),
featuring the WITBOX, HEATBOX, and USERBOX systems.
- The WITBOX system hosts
high-performance computing servers utilizing various liquid cooling
technologies, which not only enhances efficiency in dissipating
heat from server components but also facilitates the capture of
computing heat for recycling. The WITBOX system can capture over
97% of the heat generated from computing servers.
- The HEATBOX system is designed to
transfer, upgrade, supply, and regulate recycled computing heat,
capable of demand-response heat supply and providing heating within
a temperature range from 120°F to 290°F.
- The USERBOX system supports
computing heat recycling applications, offering integrated
solutions and products tailored for heating scenarios across
various demands and industrial fields.
In recognition of its commitment to innovation and education,
SAI's sponsored Computing Heat Recycle Center Education Program has
received accolades from the Marietta local government.
Additionally, grants from the Marietta Community Foundation have
been awarded to support this initiative. The program aims to engage
students from local educational institutions in practical learning
opportunities, providing them with valuable insights into data
center artificial intelligence and computing heat recycling for
greenhouse operations.
"The United States has always been an important market for our
strategic plan. We formed a US subsidiary in 2022 and were listed
on Nasdaq in May, 2022," said Dr. Tao Wu, "SAIHEAT's participation
in the 2024 SelectUSA Investment Summit underscores our unwavering
commitment to pioneering sustainable technology solutions."
About SAI.TECH
SAI.TECH is a Nasdaq-listed (SAI) sustainable distributed
bitcoin mining operator headquartered in Singapore. SAI’s mission
is to become a sustainable distributed digital asset mining
operator and heating supplier globally, while simultaneously
promote the clean transition of the bitcoin mining, power and
heating industries.
In May 2022, SAI became a publicly traded company under the new
ticker symbol “SAI” on the Nasdaq Stock Market (NASDAQ) through a
merger with TradeUP Global Corporation. For more information on
SAI.TECH, please visit https://sai.tech/.
Safe Harbor Statement:
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. The words “believe”, “expect”, “anticipate”, “project”,
“targets”, “optimistic”, “confident that”, “continue to”,
“predict”, “intend”, “aim”, “will” or similar expressions are
intended to identify forward-looking statements. All statements
other than statements of historical fact are statements that may be
deemed forward-looking statements. These forward-looking statements
include, but not limited to, statements concerning SAI.TECH and the
Company’s operations, financial performance, and condition are
based on current expectations, beliefs and assumptions which are
subject to change at any time. SAI.TECH cautions that these
statements by their nature involve risks and uncertainties, and
actual results may differ materially depending on a variety of
important factors such as government and stock exchange
regulations, competition, political, economic, and social
conditions around the world including those discussed in SAI.TECH’s
Form 20-F under the headings “Risk Factors”, “Results of
Operations” and “Business Overview” and other reports filed with
the Securities and Exchange Commission from time to time. All
forward-looking statements are applicable only as of the date it is
made and SAI.TECH specifically disclaims any obligation to maintain
or update the forward-looking information, whether of the nature
contained in this release or otherwise, in the future.
Media Contact
pr@sai.tech
Investor Relations Contact
ir@sai.tech
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