Avant Technologies, Inc. Issues Retraction of September 24, 2025 Press Release

Rhea-AI Summary

Avant Technologies (OTCQB: AVAI) has issued a retraction of its September 24, 2025 press release regarding a purported Joint Venture and License Agreement with Art-Islets Pte. Ltd. and Austrianova. The company clarified that no binding agreement has been executed between the parties at this time.

The company acknowledged that the previous announcement contained statements issued in error and emphasized that any descriptions of collaborative activities, technology contributions, or anticipated clinical development milestones from the retracted release should not be relied upon. Avant Technologies expressed regret for any confusion caused and reaffirmed its commitment to providing accurate information to stakeholders.

Positive

• None.

Negative

• Retraction of previously announced joint venture agreement indicates poor internal controls
• Company issued misleading information to the public
• Potential damage to company's credibility and reputation

LAS VEGAS, Sept. 24, 2025 /PRNewswire/ -- Avant Technologies, Inc. (OTCQB: AVAI) ('Avant' or the 'Company') today announced the retraction of its press release issued on September 24, 2025, regarding a purported Joint Venture and License Agreement with Art-Islets Pte. Ltd. and Austrianova (SGAustria Pte. Ltd.).

The September 24 release contained statements that were issued in error. No binding Joint Venture or License Agreement among Avant Technologies, Art-Islets, and Austrianova has been executed at this time. Accordingly, any descriptions of collaborative activities, technology contributions, or anticipated clinical development milestones contained in that release should not be relied upon.

Avant Technologies regrets the confusion caused by the earlier announcement and is committed to providing only accurate and verified information to its shareholders, partners, and the public.

For future updates and accurate Company information, please visit: https://avanttechnologies.com 

Forward-Looking Statements

This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. Avant Technologies undertakes no obligation to revise or update such statements.

Contact:
Investor Relations
Avant Technologies, Inc.
Email: info@avanttechnologies.com

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SOURCE Avant Technologies Inc.

FAQ

What did Avant Technologies (AVAI) retract in their September 24, 2025 announcement?

Avant Technologies retracted their announcement about a purported Joint Venture and License Agreement with Art-Islets Pte. Ltd. and Austrianova, clarifying that no binding agreement has been executed.

Why did Avant Technologies (AVAI) issue the retraction?

The company issued the retraction because the original press release contained statements that were issued in error and the described collaborative activities and development milestones should not be relied upon.

How does the retraction affect Avant Technologies' (AVAI) partnership status?

The retraction confirms that no binding Joint Venture or License Agreement exists between Avant Technologies, Art-Islets, and Austrianova at this time.

What steps is Avant Technologies (AVAI) taking to address the situation?

Avant Technologies has expressed regret for the confusion, committed to providing only accurate and verified information to stakeholders, and directed interested parties to their website for future updates.

Where can investors find accurate information about Avant Technologies (AVAI)?

Investors can find accurate company information on the official website: https://avanttechnologies.com