LAS VEGAS, March 25, 2024 (Globe Newswire) — Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence technology (AI) company dedicated to creating and developing innovative and advanced AI infrastructure solutions, today announced plans for its first Avant-branded micro data center. announced. For private cloud companies in the fast-growing AI and big data space. Avant’s first data center will be located in Milwaukee, Wisconsin. Avant expects the state-of-the-art facility to be operational in the first half of 2025.
said Timothy Lantz, CEO of Avant Technologies. “We are encouraged by the initial growth in demand for our high-density computing infrastructure coming from both the on-premises and colocation segments of the private cloud sector.” , and eventually operating our own data centers has always been part of our strategy. The demand for new data center capacity is rapidly increasing and our solution development over the past six months We believe this progress supports our decision to bring forward the expected start date for this phase of Avant’s growth strategy.”
After careful consideration of many key factors necessary for explosive growth and success, Avant is strategically positioned to chose Milwaukee.
At our Milwaukee, WI location, Avant offers:
A vibrant tech hub: Milwaukee ranks No. 5 on Forbes’ list of America’s Up-and-coming Tech Cities.
Investment Attractiveness: According to Dealroom.co, Milwaukee is a national leader in early-stage investment growth and ranks among the top 10 U.S. cities for venture capital fund investments, with a 34% increase from 2021 to 2022. There has been a notable increase, and Milwaukee ranks. 8th We aim for year-on-year growth nationwide.
Backing from tech giants: Major companies like Microsoft, Google, and Amazon recognize Wisconsin’s potential. Microsoft is expanding on its recent multibillion-dollar investment building a new data center south of Milwaukee, and Google has created a Madison office focused on data center optimization.
Top talent pipeline: Milwaukee boasts a vast technology talent pool supported by top universities such as the University of Wisconsin-Madison, MSOE, and Marquette University. These institutions partner with industry leaders like Nvidia, GE Healthcare, and Intel to develop a strong workforce focused on AI.
Cost-effective benefits: Business Facilities Magazine ranks Milwaukee as the fourth most affordable place to do business among major U.S. cities (population over 500,000).
Milwaukee’s combination of vibrant technology scene, strong investment base, established technology giants, growing talent pool and affordability make it the perfect home for Avant’s future success.
About Avant Technologies Co., Ltd.
Avant Technologies, Inc. offers innovative, advanced technology designed to revolutionize the landscape for AI software development companies and other businesses that require vast, scalable computing power, such as scientific simulation and climate modeling. An artificial intelligence technology company specializing in the creation and development of AI infrastructure solutions. , protein folding analysis, big data processing. The company also employs highly sophisticated machines and a deep learning AI system called “Avant!”. AI™ supports a more efficient and secure operating environment.
For more information about Avant Technologies, please visit the following website: https://avanttechnologies.com
Follow us on social media:
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 about future events based on certain assumptions and include statements that do not directly relate to historical or current facts. Actual results may differ as a result of various important factors disclosed in our filings with the Securities and Exchange Commission located at the Securities and Exchange Commission’s website (https://www.sec.gov) and with respect to such forward-looking statements. Results may differ materially from those expressed in the description. In addition to these factors, actual future performance, performance and results may depend on, among other things, general industry and market conditions and growth rates, economic conditions, changes in government and public policy, and the Company’s ability to obtain financing. may vary significantly due to more general factors (including but not limited to). We are required to commit capital to the success of our product development, integration into existing products and commercial acceptance of our products, if possible, and on acceptable terms. The forward-looking statements contained in this press release represent our views as of the date of this press release, and these views are subject to change. However, although we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of the date of this press release.
contact:
Avant Technologies Co., Ltd.
info@avanttechnologies.com
