Alset AI Provides Corporate Update Highlighting Foundation for Growth

Rhea-AI Summary

Alset AI Ventures (OTC:GPUSF) has announced significant corporate developments and strategic initiatives focused on positioning the company for growth. The company has strengthened its leadership by adding new board members Lisa Baird and Vijay Mony, along with strategic advisor Chase Chamberlin.

A key highlight is the advancement of their flagship cloud compute platform Lyken.AI, which became a fully-owned subsidiary on August 5, 2025. The company has executed several strategic moves, including a white-label agreement for compute services, a partnership with CHIP Datacentres for a 2MW data center build-out in Waterloo, and a master services agreement with Align Wellness to serve 60+ clinics across North America.

Positive

• Acquisition completion of Lyken.AI as fully-owned subsidiary
• Strategic alliance with CHIP Datacentres including 2MW data center capacity
• Master services agreement with Align Wellness covering 60+ clinics
• Addition of experienced board members and strategic advisors strengthening governance
• White-label agreement expanding service capabilities and global delivery

Negative

• No specific revenue figures or financial metrics provided
• Still in early stages of commercial deployment
• Dependent on successful execution of multiple new partnerships

Company adds seasoned directors and advisors, and advances flagship cloud-compute platform Lyken.AI with new partnerships and commercial activity

VANCOUVER, BC / ACCESS Newswire / September 9, 2025 / Alset AI Ventures Inc.(TSXV:GPUS)(OTC:GPUSF(WKN:A40M0J, SYM:1R6)("Alset AI" or the "Company") an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, today issued a corporate update covering organizational, commercial, and capital initiatives completed over the past several months. The Company has been focused on readying Alset AI foundationally and operationally for its next phase of growth, with an emphasis on revenue-generating assets led by its flagship cloud compute platform, Cedarcross Technologies Inc., operating under the brand Lyken.AI ("Lyken").

Recent Corporate and Governance Milestones

• At the Company's annual and special meeting of shareholders held on August 26, 2025, Lisa Baird and Vijay Mony were elected to Alset AI's Board of Directors (the "Board"), adding deep operating, brand, and private-equity expertise. The Company thanks the outgoing directors for their service and ongoing support. Following the Meeting, Lisa was appointed to the Board's Audit Committee, Corporate Governance and Nominating Committee, and Compensation Committee (Chair). Vijay has been appointed to the Board's Corporate Governance and Nominating Committee (Chair), and will also serve on the Compensation Committee.

• Chase Chamberlin, CEO of Commonwealth Sports joined Alset AI as a strategic advisor, bringing growth, brand, and ecosystem-building experience across sports, entertainment, and technology sectors.

• Earlier this summer, Adam Ingrao was appointed to the Board in addition to serving as CEO of the Company, ensuring tighter alignment of strategy, operations, and capital markets execution. Adam has also been added to the Board's Corporate Governance and Nominating Committee, and Compensation Committee.

Advancing Lyken.AI - Flagship Cloud Compute Platform

• Following completion of its acquisition on August 5, 2025, Lyken is now a fully-owned subsidiary of Alset AI. Lyken is positioned as a differentiated, scalable cloud compute platform focused on high-performance AI infrastructure and services.

• The Lyken.AI corporate website launched in August to support deal flow, partner onboarding, and client outreach.

• Alset AI executed a white-label agreement to deliver the provider's compute and platform services under the Lyken brand. The agreement provides direct access to a broad suite of products, technical resources, and deployment support, strengthening service to existing customers, speeding pipeline conversion, and adding global delivery capability while unlocking Canada-first options for data residency and compliance.

• The Company announced a strategic alliance with CHIP Datacentres Inc. ("CHIP"), including an investment into CHIP's Waterloo-based data center conducting its initial build out of power capacity off approximately 2MW and continued to broaden its vendor and technology network to support rapid deployments and enterprise-grade solutions.

• Lyken executed a master services agreement with Align Wellness, providing a pathway to serve 60+ clinics across North America.

Outlook - Organic Growth and Bolt-On Opportunities
With an organizational reset complete, augmented leadership at the Board and advisory levels, and stronger commercial infrastructure for Lyken, Alset AI believes it is well-positioned for both organic growth and targeted bolt-on opportunities. The Company expects continued progress on partnerships that expand capacity, geography, and product breadth.

Adam Ingrao, Chief Executive Officer, commented: "Year-to-date we set out to put the right structure, leadership, and partner network in place so Alset AI can scale with focus and speed. We completed the governance work, added accomplished directors and advisors, and sharpened our commercial strategy around revenue-generating AI infrastructure led by Lyken.AI. In recent months we launched Lyken's website, expanded our network with world-class technology partners, formed a new data-center alliance with an initial 2MW build-out, and signed agreements that open meaningful customer channels. We believe the opportunity in front of us is significant. The organic demand we're seeing, combined with bolt-on growth opportunities, gives us multiple avenues to scale. We've taken disciplined steps to support the balance sheet in a shareholder-friendly way, and we are executing on a clear roadmap to convert pipeline into revenue. We're energized by what's ahead and confident in our ability to drive sustained growth."

About Alset AI Ventures Inc.
Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.

For further information about Alset AI Ventures Inc., please contact:

Investor Relations
Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: ir@alsetai.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note regarding Forward Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") regarding the Company, including statements regarding the Company's positioning for organic growth and targeted bolt-on opportunities, anticipated progress on partnerships to expand capacity, geography, and product breadth, the Company's ability to convert pipeline into revenue, expectations for sustained growth, and the Company's ability to shape the future of artificial intelligence. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risks and Uncertainties" in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.

SOURCE: Alset AI Ventures Inc.

View the original press release on ACCESS Newswire

FAQ

What major acquisitions has Alset AI (GPUSF) completed in 2025?

Alset AI completed the acquisition of Lyken.AI, its flagship cloud compute platform, on August 5, 2025, making it a fully-owned subsidiary.

Who are the new board members appointed to Alset AI in 2025?

Lisa Baird and Vijay Mony were elected to the Board of Directors on August 26, 2025, while Adam Ingrao was appointed earlier in the summer, also serving as CEO.

What is the data center capacity of Alset AI's partnership with CHIP Datacentres?

The strategic alliance with CHIP Datacentres includes an initial build-out of power capacity of approximately 2MW at their Waterloo-based data center.

How many clinics will Alset AI serve through its agreement with Align Wellness?

Through its master services agreement with Align Wellness, Alset AI will provide services to over 60 clinics across North America.

What is Lyken.AI's role in Alset AI's business strategy?

Lyken.AI serves as Alset AI's flagship cloud compute platform, positioned as a differentiated, scalable solution focused on high-performance AI infrastructure and services.