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SAIHEAT (NASDAQ: SAIH) announces the 2024 BIT HEAT DAY conference, scheduled for November 14, 2024, at their U.S. R&D Center in Marietta, Ohio. Co-hosted with the Organization of Clean Energy and Climate (OCEC), the event will showcase next-generation edge data center infrastructure and ESG benefits of computing heat recycling. The company's R&D Center operates at 3MW capacity, utilizing 100 kW of computing heat to support a 4,608-square-foot greenhouse. During the conference, SAIHEAT will unveil expansion plans and introduce their new A-series product line for AI industry demands.
SAIHEAT (NASDAQ: SAIH, SAITW) has signed a Memorandum of Understanding (MoU) for its HEATNUC products, aiming to enhance product development and marketing in the Middle East nuclear and SMR markets. The MoU, signed with Jiangsu Xuanrui Vibration Damping Equipment Co., , establishes a strategic partnership focusing on hangers and hydraulic dampers for various generations of nuclear power plants.
The collaboration covers joint manufacturing of nuclear and small modular reactor (SMR) equipment, emphasizing competitiveness and market expansion. It also includes knowledge exchange in project management and business practices, as well as joint marketing efforts. HEATNUC and its partners plan to explore international markets through joint ventures, aligning with HEATNUC's goal to strengthen its position in the global nuclear industry.
SAIHEAT (NASDAQ: SAIH, SAITW) has received a notification from Nasdaq on October 2, 2024, regarding non-compliance with the minimum bid price requirement. The company's ordinary shares have closed below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). SAIHEAT has been granted a 180-day compliance period until March 31, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for a minimum of ten consecutive business days.
If compliance is not achieved by March 31, 2025, the company may be eligible for an additional 180-day period. The notification does not currently affect the listing or trading of SAIHEAT's securities on Nasdaq. The company plans to actively monitor its bid price and evaluate options to regain compliance with the continued listing requirements.
SAIHEAT (NASDAQ: SAIH, SAITW) has announced the signing of two Memorandum of Understanding (MoUs) for its HEATNUC products. These agreements aim to strengthen the company's position in the nuclear and Small Modular Reactor (SMR) markets, particularly in the Middle East and internationally.
The first MoU, with Kinze Nuclear Innovation, establishes a strategic partnership for providing nuclear technology consulting, training, and digitalization services in China. The second MoU, with Jiangsu Jintonglingguang Nuclear Energy Technology, focuses on joint production of nuclear and SMR equipment to enhance competitiveness and localization rates.
These collaborations are expected to facilitate knowledge exchange, improve technical capabilities, and explore opportunities for global expansion through joint venture export enterprises. SAIHEAT aims to solidify its position as a key player in the global nuclear sector through these strategic partnerships.
SAIHEAT (NASDAQ: SAIH, SAITW) has signed two Memorandums of Understanding (MoU) for its HEATNUC business line, aiming to strengthen cooperation within the small modular reactor industry in the Middle East and globally. The first MoU, signed with Jiangsu Shentong Nuclear Equipment Co., , focuses on exporting electrical and instrumentation control system equipment for nuclear power projects. The second MoU, with Shanghai Kaiquan Pump Co., , outlines plans for joint production of nuclear and Small Modular Reactor (SMR) equipment and components in the Middle East.
These partnerships aim to enhance SAIHEAT's competitiveness, promote localization strategies, and explore opportunities for expanding presence in the international market through joint venture export ventures. The collaborations encompass various aspects, including nuclear safety, quality management, and the production of specialized equipment for the nuclear power and energy sectors.
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