Lucent, Inc., a Wholly-Owned Subsidiary of Tipmefast, Inc., Announces Acquisition to Further its Technology Expansion

Rhea-AI Summary

Tipmefast, Inc. (OTC: TMEF) announced that its wholly-owned subsidiary, Lucent, Inc., has made a new acquisition in the AI sector to expand its technology portfolio. Lucent is developing multiple Artificial Intelligence Platforms in collaboration with The National Applied Research Laboratories, Taiwan. The acquisition includes key APIs developed by Taiwan National Laboratories, enhancing Lucent's model and enabling collaboration with technology partners.

Lucent's DIJIYA BMS (Battery Management System) unit utilizes AI for automatic load balancing, charge and discharge protection, and uniform voltage consistency. Using machine learning, energy storage capacity can be increased by up to 34%. Lucent, with offices in Irvine, CA, and Taipei, Taiwan, focuses on identifying commercial-ready technologies and connecting them with potential clients and markets.

Positive

• Acquisition of key APIs to enhance AI capabilities
• Collaboration with world-leading AI research institution
• Development of multiple AI platforms
• Potential 34% increase in energy storage capacity through AI-powered BMS
• Expansion in the synergy between AI and energy sectors

Negative

• None.

Santa Ana, CA., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Tipmefast, Inc. (OTC: TMEF) today announced that Lucent, Inc. (“Lucent” or the “Company”), its wholly owned subsidiary, continues to expand its role as a leader in the synergy between AI and energy space with a new acquisition in the AI sector.

Lucent is developing multiple Artificial Intelligence Platforms from applications developed by Lucent’s working relationship with The National Applied Research Laboratories, Taiwan (ROC), one of the world leaders in AI. Enhancing our model by acquiring key APIs (application programming interfaces) developed by Taiwan National Laboratories enables collaboration with our technology partners. 

Steven Arenal, Chairman of Lucent, Inc., said of the recent acquisition, “With an aggressive business model to capitalize on this burgeoning industry, Lucent is utilizing the technology in its acquisitions to create efficiencies between the sectors. This cross utilization continues to increase the strength and breadth of the Company.” 

Lucent’s DIJIYA BMS unit (Battery Management System) utilizes AI in the following functions: automatic load balancing, charge and discharge protection where high-voltage electricity is stored, and low-voltage cells are replenished to make the cells more stable, and Uniform voltage consistency. Using a machine learning protocol, energy storage can be increased, leading to as much as 34% more capacity.  

Lucent, with offices in Irvine, CA, and Taipei, Taiwan, is pushing the boundaries of energy efficiency in every computing application.

Lucent Inc.'s business model identifies commercial-ready technologies and connects with potential clients and markets. Lucent engages in sustainable business practices and supports all 17 of the UN’s Sustainable Development Goals.

Further information on Lucent can be found at https://www.lucentlabs.ai

About Lucent Inc.:

Lucent’s mission is to revolutionize the AI data center and cloud computing industry by AI applications platform and harness the power of clean energy. With offices in Irvine, CA, and Taipei, Taiwan, Lucent is committed to providing sustainable, reliable & high-performance solutions that empower businesses and public sectors to thrive in a digital world. Through collaboration & partnership with governments, businesses, and communities, and unwavering dedication to environmental responsibility, Lucent strives to create a brighter, cleaner future for all.

Forward-Looking Statements Disclaimer

Certain information set forth in this press release contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Investor Relations Contact:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

FAQ

What is the recent acquisition announced by Lucent, Inc., a subsidiary of Tipmefast (TMEF)?

Lucent, Inc., a subsidiary of Tipmefast (TMEF), announced the acquisition of key APIs (application programming interfaces) developed by Taiwan National Laboratories in the AI sector to expand its technology portfolio.

How does Lucent's DIJIYA BMS unit utilize AI technology?

Lucent's DIJIYA BMS (Battery Management System) unit uses AI for automatic load balancing, charge and discharge protection, and uniform voltage consistency. It employs machine learning to potentially increase energy storage capacity by up to 34%.

What is Lucent's collaboration with The National Applied Research Laboratories, Taiwan?

Lucent is developing multiple Artificial Intelligence Platforms from applications developed through its working relationship with The National Applied Research Laboratories, Taiwan, which is considered one of the world leaders in AI.

What is Lucent's business model as mentioned in the Tipmefast (TMEF) press release?

Lucent's business model focuses on identifying commercial-ready technologies and connecting them with potential clients and markets. The company aims to create efficiencies between sectors by cross-utilizing technology from its acquisitions.