LAS VEGAS, NV -- March 25, 2024 -- 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 infrastructure solutions,
today announced plans for the Company’s first Avant-branded micro
data center, which will be specifically designed for private cloud
companies in the booming AI and big data sectors. Avant’s initial
data center is set to be built in Milwaukee, Wisconsin. Avant
expects its state-of-the-art facility to be operational in the
first half of 2025.
“We are encouraged that the growing early demand for our
high-density compute infrastructure is coming from both the
on-premises and colocation segments of the private cloud sector,”
said Avant Technologies Chief Executive Officer, Timothy Lantz. “It
has always been part of our strategy to leverage the power of our
technology to eventually operate our own data centers. We believe
that rapidly growing demand for new data center capacity, combined
with the progress of our solution development over the past 6
months, supports our decision to move up the planned start date for
this phase of Avant’s growth strategy.”
Avant strategically selected Milwaukee after carefully
considering numerous key factors necessary for explosive growth and
success, including a pool of top tech talent, a flourishing tech
environment with booming investment, and unbeatable
affordability.
Milwaukee, Wisconsin, location offers Avant:
Thriving Tech Hub: Milwaukee is ranked 5th on Forbes' list of
"Up and Coming Tech Cities in the U.S."
Investment Magnet: According to Dealroom.co, Milwaukee is ranked
as the national leader in early-stage investment growth, and a top
10 US city in the investment of venture capital funds, with a
remarkable 34% increase between 2021 and 2022, ranking Milwaukee
8th for year-over-year growth nationwide.
Tech Giants Backing: Major players like Microsoft, Google, and
Amazon are recognizing Wisconsin's potential. Microsoft is
expanding its recent billion-dollar investment with a new data
center south of Milwaukee, while Google established a Madison
office focused on data center optimization.
Top-Tier Talent Pipeline: Milwaukee boasts a sizable tech talent
pool, which is fueled by top universities like the University of
Wisconsin-Madison, MSOE, and Marquette University. These
institutions are partnering with industry leaders like Nvidia, GE
Healthcare, and Intel to cultivate a strong AI-focused
workforce.
Cost-Effective Advantage: Business Facilities Magazine
recognizes Milwaukee as the 4th most affordable major U.S. city
(population exceeding 500,000) to do business in.
The combination of Milwaukee as a thriving tech scene, strong
investment hub, established tech giants, a growing talent pool, and
affordability make Milwaukee the perfect inaugural location for
Avant's future success.
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 support a more efficient and secure
operating environment.
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
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