Leveraging Deep Data Expertise to Advance
Predictive Modeling in Energy and Agriculture
Data Vault Holdings, Inc.®, which is under a definitive asset
purchase agreement to sell its Datavault® and ADIO® IP and IT
assets to WiSA Technologies, Inc. (NASDAQ: WISA) and is leading the
way in metaverse data visualization, valuation, and monetization
today announced that it is set to take the stage at the New York
Scientific Data Summit (NYSDS) 2024. The summit, hosted by
Brookhaven National Laboratory on September 16-17, 2024, will
address key advancements in Digital Twin technologies impacting
various sectors.
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the full release here:
https://www.businesswire.com/news/home/20240916177217/en/
Under the leadership of CEO Nathaniel Bradley, Datavault will
explore the significant strides made in its bioenergy sector,
particularly through its PhytoIntel platform. This platform,
emblematic of Datavault commitment to integrating advanced data
handling techniques and tools, offers a comprehensive approach to
optimizing the genetic and biochemical characteristics of bioenergy
crops such as Arabidopsis and soybean, using Digital Twins.
"With our expertise in data science and digital technologies, we
are uniquely positioned to address key challenges, improve
predictive modeling and contribute to more sustainable energy
solutions," said Bradley.
John Ratzan, Senior Managing Director - Financial Services US
Data & AI Lead at Accenture, will be among the featured
speakers. "I am eager to engage with fellow industry leaders at
NYSDS to delve into the transformative potential of Digital Twins
and the implications of responsible AI. This summit offers a
fantastic opportunity to discuss the latest advancements and their
impact on critical sectors," Ratzan shared.
This year's summit promises a comprehensive agenda that includes
keynote speeches, panel discussions and breakout sessions from
leading experts in academia, industry and national laboratories.
Participants will engage in rigorous discussions about enhancing
model accuracy, real-time data synchronization and the integration
of machine learning techniques with Digital Twins for predictive
analytics.
NYSDS 2024 features a dynamic agenda of world-class speakers,
including Michael Churchill from Princeton Plasma Physics
Laboratory on 'Fusion Energy Digital Twins,' Nathan Urban from
Brookhaven National Laboratory hosting critical discussions on
'Uncertainty in Digital Twins,’ and Bradley on 'Advancements in
Bioenergy Digital Twins.'
The summit will also include keynote addresses by leading
experts from academia, industry and national laboratories.
Participants will explore topics such as improving model accuracy,
real-time data synchronization and integrating machine learning
with Digital Twins for predictive analytics.
The potential of Digital Twins is underscored by recent McKinsey
projections, which forecast the global market will grow 60%
annually, reaching $73.5 billion by 2027. Digital Twins are
becoming a top priority for 86% of companies investing in supply
chain transformation, with the technology offering up to a 50%
reduction in development times and significant cost savings. Nearly
75% of companies in advanced industries have adopted Digital Twins,
highlighting their transformative impact, as per McKinsey.
The summit, in its tenth year, will be held at SUNY Global
Center in New York City and is open to the public. For more
information on registration or event details, please visit the
event page here.
About NYSDS: The New York Scientific Data Summit (NYSDS),
established by Brookhaven National Laboratory (BNL) and led by its
Computational Science Initiative, connects researchers, developers
and end-users from academia, industry and government to exchange
ideas, foster cross-disciplinary collaboration and build a
community around common data research interests.
About Data Vault Holdings Inc. Data Vault Holdings Inc.
is a technology holding company that provides a proprietary,
cloud-based platform for the delivery of blockchain objects. Data
Vault Holdings Inc. provides businesses with the tools to monetize
data assets securely over its Information Data Exchange® (IDE). The
company is in the process of finalizing the consolidation of its
affiliates Data Donate Technologies, Inc., ADIO LLC, and Datavault
Inc. as wholly owned subsidiaries under one corporate structure.
Learn more about Data Vault Holdings Inc. here.
About WiSA Technologies WiSA Technologies, Inc. (NASDAQ:
WISA) is a leading provider of immersive, wireless sound technology
for intelligent devices and next-generation home entertainment
systems. Working with leading CE brands and manufacturers such as
Harman International, a division of Samsung; LG; Hisense; TCL; Bang
& Olufsen; Platin Audio; and others, the company delivers
immersive wireless sound experiences for high-definition content,
including movies and video, music, sports, gaming/esports, and
more. WiSA Technologies, Inc. is a founding member of WiSA™ (the
Wireless Speaker and Audio Association) whose mission is to define
wireless audio interoperability standards as well as work with
leading consumer electronics companies, technology providers,
retailers, and ecosystem partners to evangelize and market spatial
audio technologies driven by WiSA Technologies, Inc. The company is
headquartered in Beaverton, OR with sales teams in Taiwan, China,
Japan, Korea, and California. Learn more about WiSA here.
Cautionary Note Regarding Forward-Looking Statements This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
(the “Securities Act”), and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements, include,
among others, the Company’s and Datavault’s expectations with
respect to the proposed Business Combination between them,
including statements regarding the benefits of the Business
Combination, the anticipated timing of the Business Combination,
the implied valuation of Datavault, the products offered by
Datavault and the markets in which it operates, and the Company’s
and Datavault’s projected future results. Readers are cautioned not
to place undue reliance on these forward-looking statements. Actual
results may differ materially from those indicated by these
forward-looking statements as a result of a variety of factors,
including, but are not limited to, risks and uncertainties
impacting WiSA’s business including, risks related to our current
liquidity position and the need to obtain additional financing to
support ongoing operations, our ability to continue as a going
concern; our ability to maintain the listing of our common stock on
Nasdaq and other drivers, our ability to predict the timing of
design wins entering production and the potential future revenue
associated with design wins; rate of growth; the ability to predict
customer demand for existing and future products and to secure
adequate manufacturing capacity; consumer demand conditions
affecting customers’ end markets; the ability to hire, retain and
motivate employees; the effects of competition, including price
competition; technological, regulatory and legal developments;
developments in the economy and financial markets; potential harm
caused by software defects, computer viruses and development
delays; risks related to our proposed Business Combination,
including our ability to obtain stockholder approval and any
regulatory approvals required to consummate the transactions and
our ability to realize some or all of the anticipated benefits
therefrom, which may be affected by, among other things, costs
related to the Business Combination, competition and the ability of
the post-combination company to grow and manage growth
profitability and retain its key employees; the risk that the
Business Combination may not be completed in a timely manner or at
all, which may adversely affect the price of the Company’s
securities; the occurrence of any event, change or other
circumstance that could give rise to the termination of the Asset
Purchase Agreement; the receipt of an unsolicited offer from
another party for an alternative transaction that could interfere
with the Business Combination; the effect of the announcement or
pendency of the Business Combination on our and Datavault’s
business relationships, performance, and business generally; the
outcome of any legal proceedings that may be instituted against us
or Datavault following the announcement of the proposed Business
Combination; the risk of any investigations by the SEC or other
regulatory authority relating to any future financing, the Asset
Purchase Agreement or the Business Combination and the impact they
may have on consummating the transactions; the ability to implement
business plans, forecasts, and other expectations after the
completion of the proposed Business Combination, and identify and
realize additional opportunities; any risks that may adversely
affect the business, financial condition and results of operations
of Datavault, including the risk that Datavault is unable to secure
or protect its intellectual property; our ability to protect our
intellectual property; the post-combination company’s ability to
establish, maintain and enforce effective risk management policies
and procedures; the post-combination company’s ability to protect
its systems and data from continually evolving cybersecurity risks,
security breaches and other technological risks; the risk that the
post-combination company’s securities will not be approved for
listing on Nasdaq or if approved, maintain the listing; and other
risks detailed from time to time in the Company’s filings with the
U.S. Securities and Exchange Commission. The information in this
press release is as of the date hereof and neither the Company nor
Datavault undertakes no obligations to update unless required to do
so by law. The reader is cautioned not to place under reliance on
forward looking statements. Neither the Company nor Datavault gives
any assurance that either the Company or Datavault, or the
post-combination company, will achieve its expectations.
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed Business Combination. This presentation
shall not constitute an offer to sell, or the solicitation of an
offer to buy, nor will there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of such state or jurisdiction. No
offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act, or an exemption therefrom.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240916177217/en/
Investor David Barnard, LHA Investor Relations,
415-433-3777, wisa@lhai.com
WiSA Technologies (NASDAQ:WISA)
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