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Sidetrade charts its course in responsible AI with the publication of its 2024 CSR report
Globenewswire· 2025-07-31 09:48
Core Insights - Sidetrade has released its 2024 CSR Report, emphasizing its commitment to sustainable technology, ethical governance, and inclusive growth [1] - The company achieved a remarkable revenue growth of 26% in 2024 while simultaneously reducing its carbon footprint by 3.3%, showcasing its ambition to decouple business growth from environmental impact [2] Financial Performance - In 2024, Sidetrade reported a revenue growth of 26% [2] - The company analyzes $7.2 trillion worth of B2B payment transactions daily, indicating its significant market presence [6] Environmental Initiatives - Sidetrade launched a digital sobriety program with a virtualization rate of 95.6% and data centers powered by renewable energy [3] - The company's Power Usage Effectiveness is 1.39, which is well below the EU average, setting new benchmarks in the SaaS industry [3] Recognition and Ratings - Sidetrade earned a Platinum Medal from EthiFinance and a Silver Medal from EcoVadis, placing it among the top 15% of rated companies in Europe [4] - These accolades reflect the company's tangible carbon reductions and strong CSR governance [4] Corporate Social Responsibility (CSR) Goals - Sidetrade aligns its roadmap with 10 of the UN's Sustainable Development Goals, focusing on climate action, workplace equity, ethical governance, and digital resilience [5] - The company emphasizes excellence and ambition as key drivers of its CSR journey [5]
MDWerks to Deliver Molecular Sawdust Drying System to Leading U.S. Lumber Company
Globenewswire· 2025-07-30 12:30
Core Viewpoint - MDWerks, Inc. is set to deliver its first Molecular Sawdust Drying System (MSDS) to a leading U.S. sawmill in August 2025, utilizing proprietary molecular energy wave technology for efficient sawdust drying, aimed at wood pellet production [1][2] Company Overview - MDWerks, Inc. is a forward-thinking company focused on sustainable technology and energy wave technologies, committed to developing innovative solutions that reduce costs and enhance business value [3] Product Details - The MSDS units provide several benefits including: - Quality, uniform results - Faster drying times - Lower costs - Greater productivity - Modular, scalable, and flexible design - Less downtime - High capacity [6] Growth Opportunities - The introduction of the MSDS system is expected to create a new revenue stream and significant growth potential for MDWerks, complementing the existing Spirits Rapid Aging System [2] - Anticipation of follow-on orders from the initial customer as the MSDS unit exceeds certain capacity levels [2]
MDWerks' Two Trees Beverage Subsidiary to Install New Spirits Rapid Aging System
GlobeNewswire News Room· 2025-07-22 20:30
Core Viewpoint - MDWerks, Inc. is expanding its subsidiary Two Trees Beverage Company by installing a second Spirits Rapid Aging System (SRAS) to meet increasing customer demand for aged white-label distillates and spirits [1][2] Group 1: Company Expansion and Capacity - Two Trees plans to install a larger SRAS unit in August 2025, which will quintuple the spirits production capacity at its North Carolina facility [1][2] - The existing SRAS unit has been operating at or near full capacity since May 2025, indicating strong demand for Two Trees' products [2] Group 2: Business Model and Market Demand - The Whiskey-as-a-Service business model is gaining traction, with contracts for three SRAS units already in place, including installations at major distilleries [2] - The company anticipates deploying the new SRAS units to various customers, highlighting the growing recognition of the economic and environmental benefits of its technology [2] Group 3: Technology Overview - The SRAS units utilize patented molecular energy wave technology to accelerate the aging process of spirits, achieving maturity in weeks instead of years while maintaining quality [3] - Benefits of the SRAS technology include reduced wood consumption (approximately 90% less), lower energy consumption, and a smaller carbon footprint compared to traditional aging methods [6]
Beam Global and Platinum Group Leadership Attend Formal Signing Ceremony in Abu Dhabi to Create Beam Middle East LLC
GlobeNewswire News Room· 2025-07-17 10:00
Core Viewpoint - Beam Global has officially established a joint venture, Beam Middle East, in Abu Dhabi, UAE, to expand its sustainable infrastructure solutions for transportation electrification and energy security in the Middle East and Africa [1][2][3]. Group 1: Joint Venture Formation - Beam Global and the Platinum Group LLC have created Beam Middle East LLC, which will focus on selling and manufacturing Beam Global's patented sustainable infrastructure solutions [2]. - The new entity will be headquartered in Omniah Tower, Masdar City, a sustainable urban community in Abu Dhabi, which aligns with the UAE's goal of achieving net-zero emissions by 2050 [2]. Group 2: Leadership and Ceremony - The official signing ceremony took place on July 17, 2025, with key figures including Desmond Wheatley, CEO of Beam Global, and Dr. Hanai Atatreh from the Platinum Group [3]. - The event was attended by members of both companies' management teams, board directors, press, and regional dignitaries, highlighting the significance of the partnership [3]. Group 3: Strategic Importance - The partnership is positioned to leverage the Gulf region's transition to clean and sustainable technologies, with a focus on energy security and smart city solutions [4]. - The region's abundant sunshine and increasing adoption of electric vehicles and renewable energy make it an ideal market for Beam Global's solutions [4]. Group 4: Company Background - Beam Global is a clean technology innovator specializing in sustainable infrastructure products and technologies, with operations in the U.S., Europe, and the Middle East [6]. - The company develops and manufactures solutions that enhance transportation, provide secure electricity sources, and promote environmental protection [6]. Group 5: Platinum Group Overview - Platinum Group LLC is a diversified conglomerate operating in various sectors, including energy and real estate, and is recognized for its strong relationships across government and industry in Abu Dhabi [5]. - The group is chaired by His Royal Highness Sheikh Mohammed Sultan Bin Khalifa Al-Nahyan and has a significant presence in the UAE [5].
SATO Establishes Qritical.AI Inc. to Develop New AI Digital Infrastructure Operations
Newsfile· 2025-07-10 12:30
Core Viewpoint - SATO Technologies Corp. has launched a new subsidiary, Qritical.AI Inc., to enter the AI infrastructure sector, focusing on developing sovereign AI infrastructure for Canadian large language models and inference workloads, with its first project located in Quebec [2][4]. Company Overview - SATO Technologies Corp. is a publicly listed technology infrastructure company that specializes in sustainable high-performance computing, including Bitcoin mining [2][6]. - The company aims to evolve into a global leader in sovereign and sustainable AI infrastructure through Qritical.AI [4][5]. Project Details - Qritical.AI will develop and operate AI Factory 1, a high-density data center in Joliette, Quebec, optimized for large language models and inference workloads [3][4]. - The facility is expected to repurpose up to 20 MW of hydroelectric-powered compute capacity from SATO's existing infrastructure [3][6]. - AI Factory 1 is anticipated to go live within 6 to 9 months after securing a definitive agreement with an anchor client, featuring advanced liquid cooling and 100 Gbps multi-provider connectivity [4][5]. Strategic Positioning - The establishment of Qritical.AI positions SATO at the intersection of clean energy, Bitcoin, and AI, reinforcing its commitment to sustainable technology and shareholder value creation [5][6]. - The company plans to offer low-latency, sovereign, and green compute alternatives to meet the growing demand for AI compute capacity [4][5].
MDWerks Issues Shareholder Update
Globenewswire· 2025-05-13 21:30
Core Viewpoint - MDWerks, Inc. is focused on sustainable technology and has made significant progress in its business model, particularly with the launch of its "Whiskey-as-a-Service" (WaaS) initiative, which is expected to generate recurring revenue streams and enhance shareholder value [1][2][3][12]. Business Developments - The company successfully launched its WaaS business model, signing contracts for the construction and deployment of proprietary Spirits Rapid Aging Systems (SRAS) [2][3]. - Construction of SRAS units began in March 2025, with completion expected in the third quarter of 2025, leading to new recurring cash flow streams [4]. - MDWerks has entered into an asset purchase agreement to acquire 680 barrels of aged whiskey, which will be matured using its SRAS unit, enhancing its raw material inventory [7]. Strategic Partnerships - A new agreement with an international spirits investment fund grants limited exclusivity for deploying SRAS units in three countries, contingent on the annual deployment of at least one unit in each country [6]. - The company anticipates additional SRAS deployments from both existing customers and new third parties within the next twelve months [5]. Product Launches - The subsidiary, Two Trees Beverage Company, launched a new product line called Uplifting Spirits, with a portion of sales from a limited-edition bourbon whiskey dedicated to Hurricane Helene relief efforts [8]. Operational Updates - The company is nearing completion of a molecular sawdust drying machine for a major lumber mill customer, with deployment expected in the third quarter of 2025 [9]. - David Stephens has been appointed as Chief Financial Officer, bringing nearly two decades of experience in financial reporting and accounting [11]. Financial Outlook - MDWerks expects revenue to trend upward in the second quarter of 2025 and significantly increase in subsequent periods compared to the first quarter [12].
Digital Utilities Ventures Finalizes Full Ownership of Technology Integration Subsidiary
Globenewswire· 2025-04-30 12:30
Core Insights - Digital Utilities Ventures, Inc. (DUTV) has achieved 100% ownership of Easy Energy Systems Technologies, LLC, enhancing its platform unification and long-term value strategy [1][2] - The full ownership aligns DUTV's operational and technology assets, facilitating a transition from development to execution [2][7] - CEO Mark K. Gaalswyk emphasized that this consolidation strengthens the foundation for broader commercial rollout and investor engagement [3][8] Company Overview - DUTV, now operating as Easy Environmental Solutions Inc., focuses on regenerative agriculture and clean water technologies [1][9] - The company aims to provide innovative modular technologies to address significant global challenges, emphasizing sustainability and efficiency [9] Technology and Operations - Easy Energy Systems Technologies serves as the internal technology integration arm, supporting DUTV's modular platforms like Easy NanoVoid™ and Easy FEN™ [2][4] - Key capabilities include smart monitoring, advanced technology for remote operation, and system optimization, which contribute to a scalable, asset-light business model [4][5] - The patented Modular Energy Production Systems (MEPS) convert biomass waste into biofuels and other clean energy solutions, while also enabling CO2 sequestration [5][6] Strategic Moves - The consolidation of Easy Energy Systems Technologies follows DUTV's acquisition of Easy Modular Manufacturing, Inc., simplifying corporate structure and enhancing operational efficiency [7] - These strategic realignments are designed to capture full value from commercial deployments and technology intellectual property [7][8] - The company is positioning itself for global scalability and aligning operations with investor expectations as it prepares for expanded commercial activities [8]
KBR Selected as Key Commercialization Partner for Samsara Eco's First-of-a-Kind Enzymatic Recycling Plant
GlobeNewswire News Room· 2025-04-29 20:30
Core Insights - KBR will support Samsara Eco in designing a pioneering enzymatic recycling plant for plastics and textiles, expected to be completed by early 2028 [1][2] - Samsara Eco's technology aims to create a continuous recycling loop for difficult-to-recycle materials, utilizing proprietary AI and patented enzymes to break down plastics into monomers [2][4] - The project will include a pre-FEED engineering phase by KBR, with plans for a facility capable of processing 20,000 metric tons of nylon 6,6 annually [3][4] Company Overview - KBR is committed to delivering sustainable technology solutions and has a workforce of approximately 38,000 across over 29 countries [6] - Samsara Eco, founded in 2021, focuses on infinite plastic recycling and has raised over AUD $150 million from various investors, including lululemon and Temasek [8] Technological Innovation - Samsara Eco's enzymatic recycling technology has successfully recycled challenging materials like nylon 6,6 and mixed fibers, contributing to a circular economy [2][4] - The company has already collaborated with brands like lululemon to produce products from recycled materials, including the first enzymatically recycled nylon 6,6 product [4][8]