Avant Technologies Acquires Wired-4-Health, Advancing AI Interoperability in Healthcare Data
09 Abril 2024 - 7:00AM
InvestorsHub NewsWire
LAS VEGAS, NV -- April 9, 2024 -- InvestorsHub NewsWire -- Avant
Technologies, Inc. (OTCQB:
AVAI) (“Avant” or the “Company”), an artificial intelligence
technology (AI) company specializing in developing innovative and
advanced AI and AI infrastructure solutions, today announces the
completion of its acquisition of privately held healthcare
technology and data integration services firm,
Wired-4-Health.
Unified by a shared objective to propel the healthcare data
interoperability landscape forward, this strategic merger leverages
cutting-edge AI and amplified computational capabilities. This
potent combination empowers healthcare and life sciences
organizations to navigate the complexities of data and system
interoperability with unprecedented efficiency. By streamlining
transaction processing, health outcomes analytics, and compliance
adherence, this union fosters enhanced performance, improved data
integrity, and a more cost-effective, scalable infrastructure for
customers.
“Our strategy behind this acquisition was to enable Avant to
deliver best-in-class data and system interoperability support
services to the healthcare and life sciences sectors powered by
AvantAI® and our high-density compute capabilities,” said Tim
Lantz, Chief Executive Officer of Avant
Technologies. “At the same time, this exciting
combination significantly strengthens our financial profile, offers
massive commercial growth opportunities in one of Avant’s largest
target markets, and bolsters our internal customer support and
R&D capabilities.”
The healthcare sector currently grapples with a confluence of
intensifying pressures. Providers face an unrelenting demand to
elevate patient outcomes while simultaneously reducing costs. This
exigency coincides with an unprecedented prevalence of chronic
illness and clinician burnout. Despite the transformative potential
of digitalization within healthcare, a crucial impediment persists.
The lack of standardized data protocols renders the vast troves of
information generated by this digital revolution immensely
intricate and expensive to utilize. Consequently, the potential for
data-driven solutions to the industry’s most pressing challenges
remains unrealized.
“In the near term, if the healthcare industry expects to succeed
in lowering costs while improving quality, the deployment of
advanced AI, combined with more powerful, cost-effective compute
capabilities will be critical to that success,” said Angela Harris,
Avant’s Chief Operating Officer. “The addition of
Wired-4-Health will position Avant as a key contributor in helping
healthcare organizations solve complex problems at the intersection
of cost, quality, compliance and technology.”
About Avant Technologies, Inc.
Avant Technologies, Inc. is an artificial intelligence
technology company specializing in creating and developing
innovative and advanced AI infrastructure solutions designed to
revolutionize the landscape for AI software development companies
and other companies that require immense, scalable computing power,
such as scientific simulations, climate modeling, protein folding
analysis, and big data processing. The Company also employs its
highly sophisticated machine and deep learning AI system, Avant!
AI®, to support a more efficient and secure operating
environment.
More information about Avant Technologies can be found
at https://avanttechnologies.com
You can follow us on social media at:
https://www.linkedin.com/company/avant-technologies-ai
https://www.youtube.com/@AvantTechAI
https://twitter.com/AvantTechAI
https://www.facebook.com/AvantTechAI
Forward-Looking Statements
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constitute “forward-looking statements.” Forward-looking statements
provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate
to any historical or current fact. Actual results may differ
materially from those indicated by such forward-looking statements
as a result of various important factors as disclosed in our
filings with the Securities and Exchange Commission located at
their website (http://www.sec.gov). In addition to these factors,
actual future performance, outcomes, and results may differ
materially because of more general factors including (without
limitation) general industry and market conditions and growth
rates, economic conditions, governmental and public policy changes,
the Company’s ability to raise capital on acceptable terms, if at
all, the Company’s successful development of its products and the
integration into its existing products and the commercial
acceptance of the Company’s products. The forward-looking
statements included in this press release represent the Company's
views as of the date of this press release and these views could
change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date after the date of
the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
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