Avant Technologies to Accelerate Growth with Strategic HealthTech Acquisition

AI technology company, Avant Technologies (OTCQB: AVAI), will accelerate its growth in next generation technology with the proposed acquisition of a privately held healthcare technology and data integration services firm in a cash-and-stock transaction valued at approximately $2 million.

Avant’s Chief Executive Officer, Timothy Lantz, commented on the deal, saying, “We are excited about this opportunity to accelerate Avant’s growth within the healthcare sector and create new value for our customers and shareholders. This acquisition will serve to further strengthen our financial position, unlock new growth opportunities in one of the top segments of AI adoption, and bolster our internal product development and client services capabilities.”

Avant has noted growing demand for its planned high-density compute infrastructure and distributed supercomputing solutions over the past 12 months. The company reported that its qualified sales pipeline has almost doubled since December and that its new lead volume for February was up over 500%, month-over-month.

Avant has continued to bolster its leadership team with key appointments in 2024, as the company begins to “usher in a new era of performance, efficiency, reliability and sustainability within the AI and big data space”. In February, Angela Harris was named the company’s new Chief Operating Officer, and in March, Mr. Danny Rittman was promoted to the role of Chief Information Officer.

In February 2024, Avant announced it would broaden the scope of its groundbreaking AvantAI™ technology for intelligent data center management, enhancing monitoring capabilities, to enable organizations to gain real-time insights into their data center infrastructure, forecasting potential problems before they happen and providing proactive solutions to avoid outages or malfunctions, ensuring uninterrupted operation of critical systems.

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

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Avant Technologies to Accelerate Growth with Strategic HealthTech Acquisition

Catie Corcoran

Biotech Editor