AVAI - Avant Technologies Enters Binding LOI to Purchase Dozens of High-Performance Immersible AI-Powered Servers | Benzinga
LAS VEGAS, June 05, 2024 (GLOBE NEWSWIRE) -- Avant Technologies, Inc. (OTCQB:AVAI) ("Avant" or the "Company"), a leader in artificial intelligence (AI) technology company specializing in cutting edge AI and data center infrastructure solutions, today announced it has entered into a Binding Letter of Intent ("BLOI") with Florida-based Flow Wave, LLC ("FW"), a pioneer in immersible computer server development. This agreement paves the way for Avant to acquire up to 50 state-of-the-art high-performance immersible computer servers from FW in a deal valued at $50 million.
This transaction, subject to a mutually satisfactory definitive agreement ("Definitive Agreement"), signifies a major leap forward for Avant as it expects to lead the way in providing distributed submerged infrastructure solutions. With a commitment to innovation and sustainability, this acquisition of up to 50 high-performance immersible computer servers allows Avant to address the complex challenges of the digital era with cutting-edge solutions.
Flow Wave's Immersion-as-a-Service computer servers utilize state-of-the-art immersion cooling technologies, which significantly enhances compute performance and energy efficiency. Flow Wave's innovative approach addresses the growing demands for higher processing power and sustainability in the data center industry. The partnership with Flow Wave aligns perfectly with Avant's commitment to enabling top-tier AI infrastructure solutions and optimizing operational efficiencies.
Key Features of Flow Wave Immersible AI Supercomputer Servers:
- Unparalleled Compute Performance: Designed to handle intensive AI and machine learning workloads. These servers offer superior processing power, which allow for faster and more efficient data analysis.
- Power Consumption Efficiencies: Immersion cooling technology ...