TipMeFast, Inc. Announces Change of Name to Lucent, Inc.

Rhea-AI Summary

TipMeFast Inc. (OTC: TMEF) announced it will change its name to Lucent, Inc. effective February 25, 2025. This change represents the culmination of the company's strategic transformation following its acquisition of Lucent, Inc. in 2024, which has operated as a wholly-owned subsidiary.

The new identity better reflects the company's focus on sustainable energy solutions and AI technology, particularly in providing technical efficiencies to data centers with emphasis on battery technologies and cloud infrastructure. CEO Steven Arenal stated that the name change completes their transformation and better represents their mission to revolutionize the datacenter industry through clean energy solutions.

Lucent has positioned itself as an innovator in the clean energy sector through strategic acquisitions in AI and battery technology. The company will continue trading under ticker symbol TMEF until further notice.

Positive

• Strategic transformation to focus on high-growth AI and sustainable energy markets
• Established position as an innovator in the clean energy sector
• Expanded footprint through strategic acquisitions in AI and battery technology
• Developing AI-powered Battery Management System for enhanced energy storage
• Collaboration with The National Applied Research Laboratories in Taiwan

Negative

• No financial metrics provided to evaluate the impact of the transformation
• Uncertain timeline for potential ticker symbol change
• details on revenue streams from new business focus

Irvine, Ca, Feb. 25, 2025 (GLOBE NEWSWIRE) -- TipMeFast, Inc. (“TipMeFast” or the “Company”) (OTC: TMEF) today announced that the name of the corporation will change to Lucent, Inc. effective at market opening on February 25, 2025. The new name represents the culmination of the company's strategic transformation and better reflects its focus on sustainable energy solutions and AI technology.

This name change follows the company's acquisition of Lucent, Inc. in 2024, which has since operated as a wholly-owned subsidiary specializing in providing technical efficiencies to data centers and the AI ecosystem, with particular emphasis on battery technologies and cloud infrastructure.

"The adoption of the Lucent name across our entire organization completes our transformation and better represents our mission to revolutionize the datacenter and cloud computing industry through clean energy solutions," said Steven Arenal, President and CEO. "Our focus on the synergy between AI and sustainable energy positions us at the forefront of these rapidly growing markets."

Lucent has established itself as an innovator in the clean energy sector, recently expanding its footprint through strategic acquisitions in the AI space and battery technology. The company's Battery Management System utilizes AI for enhanced energy storage capabilities, and it continues to develop multiple Artificial Intelligence platforms through its collaboration with The National Applied Research Laboratories in Taiwan.

The company will continue to trade under the ticker symbol "TMEF" until further notice.

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 www.lucentna.com.  

About Lucent Inc.:

Lucent’s mission is to revolutionize the AI data center and cloud computing industry through AI application platforms and harnessing 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

When will TipMeFast (TMEF) officially change its name to Lucent?

TipMeFast (TMEF) will officially change its name to Lucent, Inc. effective at market opening on February 25, 2025, as announced in their press release.

Will TMEF stock ticker change after the company rebrands to Lucent?

No, according to the announcement, the company will continue to trade under the ticker symbol 'TMEF' until further notice, despite the name change to Lucent.

What business areas does Lucent (formerly TMEF) focus on after its transformation?

Lucent (TMEF) focuses on sustainable energy solutions and AI technology, specifically providing technical efficiencies to data centers and the AI ecosystem, with emphasis on battery technologies and cloud infrastructure.

When did TMEF acquire the original Lucent, Inc. before adopting its name?

TMEF acquired Lucent, Inc. in 2024, which has since operated as a wholly-owned subsidiary before the company decided to adopt the Lucent name across the entire organization.

What technology is TMEF developing through its Battery Management System?

TMEF is developing a Battery Management System that utilizes AI for enhanced energy storage capabilities, positioning the company at the intersection of artificial intelligence and sustainable energy technologies.