Latest news with #Adio
The National
21-05-2025
- Business
- The National
Earth observation satellite manufacturing centre announced for Abu Dhabi
A new dedicated commercial earth observation satellite manufacturing centre will be set up in Abu Dhabi. The project is a collaboration between the Abu Dhabi Investment Office (Adio) and the emirate's Space 42. The plant will also serve to create a national space workforce with hands-on industrial expertise, the Abu Dhabi Media Office reported. The initiative was announced during the Make it in the Emirates 2025 manufacturing conference in Abu Dhabi. The media office also reported that the centre would support the emirate's transformation into a global hub for advanced manufacturing. 'This strategic partnership brings together global capability and national ambition,' said Badr Al Olama, director general of Adio. 'By enabling transformative companies like Space42 to scale breakthrough technologies here in Abu Dhabi, we are delivering on our mandate to accelerate the emirate's economic growth and establish future-ready industries. 'The transformational project demonstrates Abu Dhabi's vision in action, enabling knowledge transfer, advancing critical infrastructure and delivering sustainable economic impact.' The synthetic-aperture radar (SAR) satellites, which are capable of capturing high resolution imagery in all weather and light conditions, are said to be crucial for national security, environmental monitoring and disaster response. Space42 Space Systems will oversee the full manufacturing of the satellites, from system design to launch readiness. 'Bringing commercial satellite manufacturing into the UAE marks a pivotal step in realising Space42's strategy,' said Hasan Al Hosani, chief executive of Banayat Smart Solutions at Space42. 'It enhances our sovereign capability in earth observation and strengthens our position as the preferred partner for premium geospatial data. Abu Dhabi is at the centre of this ambition, providing the environment to test, scale and export space-based capabilities that are sovereign at origin and global in application.' The project, announced on Wednesday afternoon, means that Abu Dhabi will, for the first time assemble, integrate and test commercial SAR satellites. As a result it will place the emirate at the forefront of the global space economy and reinforcing its status as a centre of excellence for space innovation, the media office stated. In March, the UAE's most recent SAR satellite lifted off aboard a SpaceX Falcon 9 rocket. The Etihad-Sat was equipped with technology capable of monitoring the planet in any weather, day and night The new centre will also play a major role in supporting Abu Dhabi's plan to develop a pipeline of local talent within the sector. Among the initiatives will be academic and industry programmes including internships for Emiratis as well as technical lectures, industry site visits and research collaborations with leading Abu Dhabi universities.
Business Wire
20-05-2025
- Business
- Business Wire
Datavault AI Finalizes Strategic Acquisition of CompuSystems, Inc. Assets
BEAVERTON, Ore.--(BUSINESS WIRE)--Datavault AI Inc. (Nasdaq: DVLT) (the 'Company' and 'Datavault AI'), a leader in AI-driven data experience, valuation and monetization, announced it expects to finalize the strategic acquisition of CompuSystems, Inc. (CSI) assets today, May 20, 2025. In alignment with this milestone, the Company will host a business update call at 9:00 AM ET, as previously announced. 'The closing of the CSI acquisition will mark a pivotal step in Datavault AI's growth strategy,' said Nathaniel Bradley, CEO of Datavault AI. 'Since the deal's announcement, we have begun client outreach, positioning the business for strong growth. We are focused on monetizing the historical, present and future data of CSI along with transitioning the entire company to scalable, repeatable and customer first solutions. Leveraging our patented suite of Web 3.0 technologies is paramount, and we are strengthening our team with an infusion of talent and event expertise that will provide us with a stable base of clientele, events and deal flow. By using our technologies inside meaningful and highly efficacious deployments and events with CSI, our AI and machine learning will also improve. Data Vault events will expand our revenue generation in a way that we can automate, replicate and scale. Our IBM watsonx TM -powered AI platform and our Datavault AI agents will improve our customers' satisfaction, revenue generation and spend with Datavault AI in coveted sports, entertainment and venue markets. We've begun to apply our patented technologies of Data Vault, Adio, and WiSA towards exploiting these markets, and we expect to benefit from the technical capabilities that afford us a competitive advantage in managing events.' 'We anticipate CSI will deliver solid revenue in 2025, comprising the majority of our 2H 2025 revenue target of $12 million to $15 million. Building on this momentum in 2026, the acquisition is expected to account for $15 million to $20 million of our target $40 million to $50 million in total revenue next year driven from a combination of DVHOLO, Adio, WiSA and Data Vault licensing and sales on our patented Information Data Exchange. I look forward to sharing more details and a broader business update during our investor call today,' added Bradley. In conjunction with the closing, Datavault will name John Mark LoGiurato as President of the CSI Division of Datavault AI (the 'CSI Division'). On May 20, 2025, in connection with Mr. LoGiurato's appointment as President of the CSI Division, Mr. LoGiurato will be granted 500,000 units of restricted stock of Datavault AI (the 'Units') as an inducement material to Mr. LoGuirato's entering into employment with the Company. The Units were approved by the board of directors of the Company and granted outside of the Company's 2020 Stock Incentive Plan and 2018 Long-Term Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4). In connection with the award of Units, Mr. LoGiurato and the Company have entered into an Inducement Award Agreement for the Units, which agreement contemplates half of the Units vesting in equal 3-month installments over a 36-month period beginning June 20, 2025, and the other half of the Units vesting upon the CSI Division obtaining aggregate revenue equaling or exceeding $25 million over any trailing 12 calendar month period ending on or prior to the date that is 5 years from the grant date. Datavault AI expects to complete the final steps outlined in the amended asset purchase agreement with CSI today. Following the transaction, CSI's assets and operations will be fully integrated into Datavault AI's business. Investor Conference Call on May 20, 2025 Datavault will host an investor call to review business progress and discuss the CSI asset acquisition: Date: Tuesday, May 20, 2025 Time: 9:00 AM ET Webcast & Presentation: Dial-in: 1-833-366-1124 (US), 1-412-317-0702 (Intl) Replay Available: Webcast replay will be available approximately one hour after the end of the call and will be available for 90 days, at the above webcast link. A telephonic replay will be available through May 27, 2025, and may be accessed by calling 1- 877-344-7529 (US) or 1-412-317-0088 (Intl) and using access code 8794302. About Datavault AI Inc. Datavault AI Inc. (Nasdaq: DVLT) is a next-generation data licensing and monetization company. Its patented platform empowers secure data valuation, exchange, and AI-driven monetization—enabling businesses and creators to unlock the true value of their data assets across cloud, Web 3.0, and experiential computing landscapes. Learn more at: About CompuSystems, Inc. CSI is a premier provider of registration, data analytics, and lead management services for live events, offering cutting-edge solutions and unparalleled customer support to clients in the trade, association, corporate, and government event markets. With a strong focus on innovation, customer service, and sustainability, CSI is dedicated to delivering exceptional event experiences for clients and their attendees. Learn more about CSI here. Forward Looking Statements Disclaimer This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as 'expect,' 'will,' 'anticipates,' 'estimates' and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, recent funding and M&A activities as well as our plans to integrate acquired businesses and technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. 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 various risks and uncertainties including, but not limited to, the following: the risk that we are unable to satisfy all closing conditions in connection with the acquisition of certain assets from CSI; our ability to successfully integrate all IP that we have acquired; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various agreements we have entered into and assets we have acquired; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement the licensed technology into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.
Yahoo
20-05-2025
- Business
- Yahoo
Datavault AI Finalizes Strategic Acquisition of CompuSystems, Inc. Assets
Acquisition expected to drive 2H 2025 revenue and contribute $15 million to $20 million to 2026 revenue target and growth opportunities for both acoustic and data divisions Business update call today, May 20, 2025, at 9:00 AM ET BEAVERTON, Ore., May 20, 2025--(BUSINESS WIRE)--Datavault AI Inc. (Nasdaq: DVLT) (the "Company" and "Datavault AI"), a leader in AI-driven data experience, valuation and monetization, announced it expects to finalize the strategic acquisition of CompuSystems, Inc. (CSI) assets today, May 20, 2025. In alignment with this milestone, the Company will host a business update call at 9:00 AM ET, as previously announced. "The closing of the CSI acquisition will mark a pivotal step in Datavault AI's growth strategy," said Nathaniel Bradley, CEO of Datavault AI. "Since the deal's announcement, we have begun client outreach, positioning the business for strong growth. We are focused on monetizing the historical, present and future data of CSI along with transitioning the entire company to scalable, repeatable and customer first solutions. Leveraging our patented suite of Web 3.0 technologies is paramount, and we are strengthening our team with an infusion of talent and event expertise that will provide us with a stable base of clientele, events and deal flow. By using our technologies inside meaningful and highly efficacious deployments and events with CSI, our AI and machine learning will also improve. Data Vault events will expand our revenue generation in a way that we can automate, replicate and scale. Our IBM watsonxTM-powered AI platform and our Datavault AI agents will improve our customers' satisfaction, revenue generation and spend with Datavault AI in coveted sports, entertainment and venue markets. We've begun to apply our patented technologies of Data Vault, Adio, and WiSA towards exploiting these markets, and we expect to benefit from the technical capabilities that afford us a competitive advantage in managing events." "We anticipate CSI will deliver solid revenue in 2025, comprising the majority of our 2H 2025 revenue target of $12 million to $15 million. Building on this momentum in 2026, the acquisition is expected to account for $15 million to $20 million of our target $40 million to $50 million in total revenue next year driven from a combination of DVHOLO, Adio, WiSA and Data Vault licensing and sales on our patented Information Data Exchange. I look forward to sharing more details and a broader business update during our investor call today," added Bradley. In conjunction with the closing, Datavault will name John Mark LoGiurato as President of the CSI Division of Datavault AI (the "CSI Division"). On May 20, 2025, in connection with Mr. LoGiurato's appointment as President of the CSI Division, Mr. LoGiurato will be granted 500,000 units of restricted stock of Datavault AI (the "Units") as an inducement material to Mr. LoGuirato's entering into employment with the Company. The Units were approved by the board of directors of the Company and granted outside of the Company's 2020 Stock Incentive Plan and 2018 Long-Term Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4). In connection with the award of Units, Mr. LoGiurato and the Company have entered into an Inducement Award Agreement for the Units, which agreement contemplates half of the Units vesting in equal 3-month installments over a 36-month period beginning June 20, 2025, and the other half of the Units vesting upon the CSI Division obtaining aggregate revenue equaling or exceeding $25 million over any trailing 12 calendar month period ending on or prior to the date that is 5 years from the grant date. Datavault AI expects to complete the final steps outlined in the amended asset purchase agreement with CSI today. Following the transaction, CSI's assets and operations will be fully integrated into Datavault AI's business. Investor Conference Call on May 20, 2025 Datavault will host an investor call to review business progress and discuss the CSI asset acquisition: Date: Tuesday, May 20, 2025Time: 9:00 AM ETWebcast & Presentation: Dial-in: 1-833-366-1124 (US), 1-412-317-0702 (Intl) Replay Available: Webcast replay will be available approximately one hour after the end of the call and will be available for 90 days, at the above webcast link. A telephonic replay will be available through May 27, 2025, and may be accessed by calling 1- 877-344-7529 (US) or 1-412-317-0088 (Intl) and using access code 8794302. About Datavault AI Inc. Datavault AI Inc. (Nasdaq: DVLT) is a next-generation data licensing and monetization company. Its patented platform empowers secure data valuation, exchange, and AI-driven monetization—enabling businesses and creators to unlock the true value of their data assets across cloud, Web 3.0, and experiential computing landscapes. Learn more at: About CompuSystems, Inc. CSI is a premier provider of registration, data analytics, and lead management services for live events, offering cutting-edge solutions and unparalleled customer support to clients in the trade, association, corporate, and government event markets. With a strong focus on innovation, customer service, and sustainability, CSI is dedicated to delivering exceptional event experiences for clients and their attendees. Learn more about CSI here. Forward Looking Statements Disclaimer This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as "expect," "will," "anticipates," "estimates" and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, recent funding and M&A activities as well as our plans to integrate acquired businesses and technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. 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 various risks and uncertainties including, but not limited to, the following: the risk that we are unable to satisfy all closing conditions in connection with the acquisition of certain assets from CSI; our ability to successfully integrate all IP that we have acquired; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various agreements we have entered into and assets we have acquired; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement the licensed technology into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law. View source version on Contacts Investors: datavaultinvestors@
The National
12-05-2025
- Business
- The National
Adio and Japan's Mizuho sign pact to channel investment in Abu Dhabi
The Abu Dhabi Investment Office has teamed up with Mizuho, one of Japan's biggest financial services groups, to channel and fast-track Japanese investments into Abiu Dhabi's fast-growing economy. The strategic partnership, which will streamline the investment process through accelerated investor access and mobilisation of capital, is intended to strengthen the cross-border economic ties between Japan and Abu Dhabi, Adio said in a statement on Monday. Signed during the Abu Dhabi Investment Forum (ADIF) in Tokyo, the agreement will help in supporting Japanese businesses expand business in Abu Dhabi as well as opening new channels for cross-border capital flows. The tie-up marks a significant step in deepening financial and commercial ties between the emirate amid a broader push for cross-border collaboration between Asian nations and the UAE. Adio and Mizuho aim to jointly promote investment opportunities in Abu Dhabi to Japanese businesses and investors through 'tailored insights' into Abu Dhabi's investment landscape, regulatory environment and high-growth sectors, the government body said. 'Our agreement with Mizuho reflects a clear alignment of intent: to create structured, long-term pathways between Japanese investors and the exceptional opportunities emerging from Abu Dhabi's economic transformation,' Badr Al Olama, director general of Adio, said. The Abu Dhabi-Japan Economic Council held the investment forum in Tokyo last week, during which a number of deals were signed in advanced sectors such as AI and smart cities. 'Japan has been a key partner of Abu Dhabi and the UAE for more than six decades, as evidenced by the steady growth of bilateral trade and mutual investments,' Ahmed Al Zaabi, chairman of Abu Dhabi Department of Economic Development, said last week. The UAE is currently Japan's top trading partner among the Gulf countries both in terms of imports and exports. The Emirates receives 52 per cent of Japan's exports to the Gulf region, the state news agency Wam said in a recent report. Total trade volume between the two countries including oil-related products reached about $49.6 billion in 2024, while non-oil trade amounted to about 17.5 billion, a 1.2 pre cent rise compared to 2023.
The National
09-05-2025
- Business
- The National
Abu Dhabi and Japan boost investment ties with co-operation in advanced sectors
The Abu Dhabi Investment Office is expanding its international reach with key initiatives in Japan and the US, focusing on growing economic contributions and relations. Adio, which helps businesses establish their foothold in the emirate, hosted its flagship Abu Dhabi Investment Forum in Tokyo on Friday, as the emirate aims to strengthen its bilateral ties and economic co-operation with the world's fourth-largest economy. 'Our strategy is clear – we are building an investment landscape that is as resilient as it is forward-looking, as globally integrated as it is locally rooted,' Shihab Alfaheem, the UAE's ambassador to Japan, said at the forum. 'By aligning our strengths, we will unlock new opportunities for growth and establish a framework for sustainable prosperity that benefits our nations and the wider global community.' Abu Dhabi and Japan are set to benefit from co-operation in "leading edge" sectors, including advanced services, hydrogen and artificial intelligence, Jasem Al Awadhi, director general of economic affairs at the Abu Dhabi Department of Economic Development, told The National. "These are all areas that we are more than happy to work together with our Japanese counterparts on ... we've been championing free and equitable trade between countries, but we also appreciate letting things grow organically," he said. Abu Dhabi and Japan have had strategic long-term relations – the UAE supplies about 40 per cent of the Asian nation's energy requirements – and the ties present opportunities to boost co-operation in other key areas, said Arvind Ramamurthy, chief market development officer of Abu Dhabi's ADGM. "We believe that there's an opportunity here to look at other sectors ... whether it's semiconductors, AI, health care, technology and financial services – and then build deeper, stronger relationships between the two nations," he told The National. Meanwhile, Adio also announced that it is expanding the operations of its unit in San Francisco to support the global growth of Abu Dhabi's economic clusters, particularly for health technology, the Abu Dhabi Media Office said on Thursday. At the centre of the plan is Abu Dhabi's Health, Endurance, Longevity and Medicine cluster (Helm), a collaboration between Adio, the Abu Dhabi Department of Economic Development and the Department of Health. Helm, announced at last month's Abu Dhabi Global Health Week, is projected to contribute about $25.6 billion to Abu Dhabi's economy, attract $11.5 billion in investments and unlock 30,000 new jobs by 2045. Adio's expansion in San Francisco – the home of Silicon Valley and a hotbed of the latest technologies and venture capital – will help it tap into the global multi-trillion dollar healthcare market and further position Abu Dhabi on the global innovation and regulatory stage, especially for health care and other key sectors, the Media Office said. 'By expanding our operations in San Francisco, we're not only opening new doors to Abu Dhabi's business ecosystem, we're building two-way bridges for capital, innovation and impact across multiple innovation-driven sectors,' said Ahmed Al Zaabi, chairman of Added. The event comes after the Abu Dhabi Chamber of Commerce and Industry and the Japan External Trade Organisation on Thursday signed an initial agreement to deepen business relations and create new opportunities for collaboration, during another the Abu Dhabi-Japan Business Connect Forum in the Japanese capital. The engagements between Abu Dhabi and Japan are also positioned to boost negotiations for a Comprehensive Economic Partnership Agreement between the UAE and Japan, which is expected to be completed by the end of 2025. Abu Dhabi has been focusing on diversifying its economy away from hydrocarbons, with non-oil trade growth a key part of the plan. The UAE and Japan have continued to boost collaboration, with bilateral trade growing at a compound annual growth rate of 11.9 per cent during the past five years. The Emirates' investments in Japan have more than doubled over the past five years, while it has attracted more than 80 per cent of Japanese investments in the Middle East, Mr Al Zaabi said. Meanwhile, bilateral trade between the UAE and US totalled $34.4 billion in 2024, data from the UAE embassy in Washington shows. The US exported more than $26.9 billion of goods and services to the UAE last year, which is an 8.5 per cent annually increase from 2023.
