SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”,
NASDAQ: SAI, SAITW) announced Wednesday that its 2nd “Bit Heat Day”
ended with a grand finale with the presence and blessing of many
friends and supporters at SAI NODE Marietta.
Just 90 days ago, SAI made its debut in Marietta,
Ohio. At that time, the site on Gravel Bank Road was an empty land,
situated close to an electric substation.
In just three months, the SAI team built SAI NODE
Marietta from the ground. SAI NODE Marietta, located in Marietta,
Ohio, consists of the SAI U.S. R&D Center and the OCEC
Computing Heat Recycle Technology Development Center. The 2023 Bit
Heat Day is also hosted by SAI.TECH and the non-profit organization
OCEC.
Event Highlights:
Jesse C. Roush, the executive director of the
Southeastern Ohio Port Authority, opened Wednesday’s event by
emphasizing the blend of industrial resources and agriculture that
the Computer Heat Recycling Technology Development Center brings to
the local regions.
Tao Wu, Director of the OCEC Computer Heat
Recycling Technology Development Center, believes that the center
holds significant promise for the local community. He acknowledged
the center as a global pioneer in computer heat recycling
technology. Wu stated, “this center is poised to play a pivotal
role in global carbon-neutral initiatives. It can also act as a hub
to showcase various projects and breakthroughs in this domain.”
Haotian Li, the CTO of Redesign Science which is a
leading AI-driven biotech company based in the United States, spoke
Wednesday about the fact that his company is deeply involved in
using computation to find the answer in cancer therapeutics.
Redesign Science was using CoreWeave, a specialized cloud provider
recently invested by NVIDIA Corp. Given the factors of
sustainability and efficiency that SAI’s heat recycle computing
center can provide, Li considers that will be the inevitable trend
for AI companies adopting a sustainable GPU computing cloud. “We’re
very happy to go into collaboration with SAI,” he said.
Arthur Lee, the CEO and founder of SAI, and
several other speakers Wednesday mentioned the recent surge in the
use of artificial intelligence and its various applications,
including creative tools such as ChatGPT. They pointed out the
potential for technology’s computational demands to double or even
triple in the coming years. In that scenario, pioneering
developments in computer heat recycling are set to be essential in
benefiting residents and society. Such technology as heat recycling
not only reduces technology-related expenses but also contributes
substantially to carbon-neutral objectives.
Marcus McCartney, the agriculture and natural
resources educator for The Ohio State University Extension, was one
of Wednesday’s speakers. He said that agriculture today is using
technology extensively, and heat recapture of computing waste heat
would benefit agriculture.
McCartney is now one of the Computer Heat Recycle
Center’s local advisory committee members, along with Jesse Roush,
George Banzinger, and Mark Edgell.
Around 50 people attended the events in person,
including guests from the State of Ohio Department of Development,
Peoples Bank, American Electric Power Ohio, Southeast Ohio Building
Department, Ohio Auditor of State, and different higher educational
institutions.
Two local media outlets from Wood County covered
the event, which are Marietta Times and WTAP.
About SAI.TECH
SAI.TECH is a Nasdaq-listed (SAI) company
headquartered in Singapore. SAI is dedicated to providing a
zero-carbon energy system (HEATNUC) based on Small Modular Reactor,
providing clean computing services based on liquid cooling and chip
waste heat utilization technology (ULTIWIT), and providing cloud
computing services based on blockchain and AI technology
(BOLTBIT).
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
(“TradeUP”). For more information on SAI.TECH, please visit
https://sai.tech/.
About OCEC
The Organization of Clean Energy and Climate
(“OCEC”) is a non-profit organization with the mission to perform
research and study on more effective ways to use computing heat,
develop the technology and system to demonstrate how residential,
commercial, and industrial scenarios can recycle the computing heat
waste as a replacement for traditional heating. The OCEC operates
with the goal of building the OCEC Computing Heat Recycle
Technology Development Center in a way to benefit the local
community. As the first of this kind of R&D center, OCEC
continues to be the leader in this area and brings the best
computing heat recycling solution to the world, and be one of the
key contributors to achieving carbon-neutral efforts.
For more information on OCEC, please visit
https://ocec.co/.
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
Contactmarketing@sai.tech
Investor Relations
Contactir@sai.tech
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/167526e4-8792-4d75-aac7-6c0a03ed27a7https://www.globenewswire.com/NewsRoom/AttachmentNg/e31ec4a8-fdc4-47fa-a718-bb1f2bb75be5
SAI TECH Global (NASDAQ:SAITW)
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