LAS VEGAS, NV -- November 28, 2023 -- InvestorsHub NewsWire
-- Avant Technologies, Inc. (OTCQB:
AVAI) (“Avant” or the “Company”), an artificial
intelligence technology (AI) company specializing in creating and
developing innovative and advanced AI solutions, names Timothy
Lantz, a technology industry veteran with more than 20 years of
experience, as Avant’s new Chief Executive Officer (CEO) and member
of the Board of Directors, effective immediately. Earlier this
year, Lantz joined Avant’s industry advisory board where he served
as the Company’s chief advisor on product and go-to-market
strategy.
Lantz is a proven leader in the technology sector with a growth
mindset. His approach to leadership has achieved success across
every phase of business operations, including startup, growth,
turnaround, and both strategic and financial exits. Lantz has made
a career of leveraging his experience in strategic planning,
technology, product development, project management, and
performance improvement to drive results both organically and
through strategic acquisitions.
Avant’s new chief executive said of his appointment, “AI is
already changing the world as we know it and Avant Technologies is
well-positioned as a frontrunner to support what will undoubtedly
be the next major evolutionary leap in human technological
advancement. I am honored to have been chosen to lead such a
dynamic and innovative company at this pivotal time,” said Lantz.
“The opportunity ahead for Avant is immense and to fully realize
its potential, we will have to be focused on delivering
game-changing technology purpose-built for AI, with both speed and
precision. A big part of my job is to enable Avant to bring new,
innovative products to market quickly, build a ‘flawless execution’
culture, and position the company for hyper-growth.”
Lantz brings extensive industry knowledge and experience to this
role, having most recently served as President and Chief Operating
Officer (COO) of Caresyntax Corporation, a venture capital-backed,
multinational healthcare technology company where he oversaw global
operations including product management, software and hardware
engineering, AI/Machine Learning, supply chain, sales and
marketing, and client engagement. During his
tenure, he helped lead the company through a successful launch of
its U.S. business, significantly reduced the operating burn rate in
the company’s European division, and achieved consistent
year-over-year new sales and revenue growth. In
addition, Lantz worked closely with company founders and CEO to
help secure over $130 million in Series C funding including
investments from PFM, Intel Capital, Optum Ventures and
Blackrock.
Further highlights of Lantz’s career include senior management
team roles at private equity-backed and privately held data and
analytics companies including Sentry Data Systems, which was
acquired by Craneware, and Healthcare Business Insights, which was
acquired by Clarivate. Lantz is a nationally published author and
speaker at healthcare and technology industry conferences, a former
advisory board member and national conference chairperson of the
Healthcare Finance Institute and has served on several non-profit
boards of directors.
He received his Bachelor of Business Administration in Finance
& Real Estate from the University of Wisconsin – Madison.
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 follow us on social media at:
https://twitter.com/AvantTechAI
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:
Danny Rittman
Avant Technologies, Inc.
drittman@avanttechnologies.com
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