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TipMeFast, Inc. Closes Acquisition of Lucent, Inc.

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TipMeFast Inc (OTC: TMEF) has completed the acquisition of Lucent Inc, a company focused on AI technology in clean energy storage. As part of the acquisition, Lucent's President and CEO Steven Arenal, who brings 22 years of international finance experience, will join TipMeFast. The company plans to change its name to Lucent Inc.

Lucent operates in AI data centers and cloud computing, with offices in Irvine, CA, and Taipei, Taiwan. The acquisition will enable Lucent to leverage equity for expansion and apply its technologies to the EV charger sector. The company supports all 17 UN Sustainable Development Goals and focuses on providing sustainable, high-performance solutions for businesses and public sectors.

TipMeFast Inc (OTC: TMEF) ha completato l'acquisizione di Lucent Inc, un'azienda focalizzata sulla tecnologia AI nel settore dello stoccaggio energetico pulito. Come parte dell'acquisizione, il Presidente e CEO di Lucent, Steven Arenal, che porta con sé 22 anni di esperienza nella finanza internazionale, entrerà a far parte di TipMeFast. L'azienda prevede di cambiare il proprio nome in Lucent Inc.

Lucent opera in data center AI e cloud computing, con uffici a Irvine, CA, e Taipei, Taiwan. L'acquisizione consentirà a Lucent di sfruttare il capitale per l'espansione e di applicare le proprie tecnologie nel settore dei caricabatterie per veicoli elettrici. L'azienda sostiene tutti i 17 Obiettivi di Sviluppo Sostenibile delle Nazioni Unite e si concentra sull'offerta di soluzioni sostenibili e ad alte prestazioni per le imprese e i settori pubblici.

TipMeFast Inc (OTC: TMEF) ha completado la adquisición de Lucent Inc, una empresa centrada en la tecnología de IA en el almacenamiento de energía limpia. Como parte de la adquisición, el Presidente y CEO de Lucent, Steven Arenal, quien aporta 22 años de experiencia en finanzas internacionales, se unirá a TipMeFast. La empresa planea cambiar su nombre a Lucent Inc.

Lucent opera en centros de datos de IA y computación en la nube, con oficinas en Irvine, CA, y Taipei, Taiwán. La adquisición permitirá a Lucent aprovechar el capital para su expansión y aplicar sus tecnologías en el sector de cargadores para vehículos eléctricos. La empresa apoya los 17 Objetivos de Desarrollo Sostenible de la ONU y se centra en proporcionar soluciones sostenibles de alto rendimiento para empresas y sectores públicos.

TipMeFast Inc (OTC: TMEF)는 청정 에너지 저장에서 AI 기술에 중점을 둔 회사인 Lucent Inc의 인수를 완료했습니다. 인수의 일환으로, Lucent의 사장 겸 CEO인 Steven Arenal은 22년의 국제 금융 경험을 바탕으로 TipMeFast에 합류할 것입니다. 이 회사는 이름을 Lucent Inc로 변경할 계획입니다.

Lucent는 AI 데이터 센터와 클라우드 컴퓨팅 분야에서 활동하며, CA주 어바인과 대만 타이페이에 사무소를 두고 있습니다. 이번 인수는 Lucent가 자본을 활용하여 확장하고, EV 충전기 분야에 기술을 적용할 수 있게 할 것입니다. 이 회사는 UN의 17개 지속 가능한 개발 목표를 지원하며, 기업과 공공 부문에 대한 지속 가능하고 고성능의 해결책을 제공하는 데 중점을 두고 있습니다.

TipMeFast Inc (OTC: TMEF) a achevé l'acquisition de Lucent Inc, une entreprise axée sur la technologie IA dans le stockage d'énergie propre. Dans le cadre de l'acquisition, le Président et CEO de Lucent, Steven Arenal, qui apporte 22 ans d'expérience en finance internationale, rejoindra TipMeFast. La société prévoit de changer son nom en Lucent Inc.

Lucent opère dans des centres de données AI et l'informatique en nuage, avec des bureaux à Irvine, CA, et à Taipei, Taiwan. L'acquisition permettra à Lucent de tirer parti de ses fonds propres pour son expansion et d'appliquer ses technologies dans le secteur des chargeurs de véhicules électriques. L'entreprise soutient tous les 17 Objectifs de Développement Durable de l'ONU et se concentre sur la fourniture de solutions durables et performantes pour les entreprises et le secteur public.

TipMeFast Inc (OTC: TMEF) hat die Akquisition von Lucent Inc abgeschlossen, einem Unternehmen, das sich auf KI-Technologie im Bereich der sauberen Energiespeicherung konzentriert. Im Rahmen der Übernahme wird Steven Arenal, Präsident und CEO von Lucent, der über 22 Jahre internationale Erfahrung in der Finanzbranche verfügt, zu TipMeFast stoßen. Das Unternehmen plant, seinen Namen in Lucent Inc. zu ändern.

Lucent ist in den Bereichen KI-Datenzentren und Cloud-Computing tätig und hat Büros in Irvine, CA, und Taipeh, Taiwan. Die Übernahme wird es Lucent ermöglichen, Eigenkapital für die Expansion zu nutzen und seine Technologien im Sektor der EV-Ladegeräte anzuwenden. Das Unternehmen unterstützt alle 17 Ziele für nachhaltige Entwicklung der UN und konzentriert sich darauf, nachhaltige, leistungsstarke Lösungen für Unternehmen und den öffentlichen Sektor anzubieten.

Positive
  • Strategic acquisition provides entry into AI and clean energy storage markets
  • Experienced leadership addition with Steven Arenal's 22 years of international finance expertise
  • Geographic expansion with presence in both US and Taiwan markets
  • Access to additional equity funding for business expansion
  • Technology application expansion into EV charger sector
Negative
  • None.

Appoints Steven Arenal as President, Chief Executive Officer, and Member of the Board of Directors

Santa Ana, CA., Dec. 04, 2024 (GLOBE NEWSWIRE) -- TipMeFast, Inc. (OTC: TMEF) today announced the closing of its acquisition of Lucent, Inc., a company specializing in applying AI technology in the clean energy storage sector.

With this acquisition, TipMeFast, Inc. will retain Lucent President and CEO Steven Arenal, who brings nearly 22 years of international finance expertise. Mr. Arenal specializes in corporate consulting, corporate finance, and M&A and focuses primarily on mid-sized companies looking to expand internationally. Mr. Arenal has been president and CEO of Lucent, Inc. since its inception and was integral in facilitating the acquisition.

Steven Arenal commented, “Closing this acquisition is the gateway for Lucent’s accelerated growth, and we're very excited to pool our resources and execute.” Mr. Arenal said, "Lucent now can leverage equity for expansion and apply its recently acquired technologies to the EV charger sector."

Lucent's mission is to revolutionize the AI data center and cloud computing industry with an AI applications platform and harness the power of clean energy. With offices in Irvine, CA, and Taipei, Taiwan, Lucent is committed to providing sustainable, reliable, high-performance solutions that empower businesses and public sectors to thrive digitally. Through collaboration and partnership with governments, businesses, and communities and unwavering dedication to environmental responsibility, Lucent strives to create a brighter, cleaner future for all.

TipMeFast, Inc. has initiated the process of applying for a name change to Lucent, Inc.

Lucent engages in sustainable business practices and supports all 17 of the UN’s Sustainable Development Goals.

Further information on Lucent can be found at https://www.lucentlabs.ai.

About Lucent Inc.:

Lucent’s mission is to revolutionize the AI data center and cloud computing industry through AI application platforms and harnessing the power of clean energy. With offices in Irvine, CA, and Taipei, Taiwan, Lucent is committed to providing sustainable, reliable & high-performance solutions that empower businesses and public sectors to thrive in a digital world. Through collaboration & partnership with governments, businesses, and communities, and unwavering dedication to environmental responsibility, Lucent strives to create a brighter, cleaner future for all.

Forward Looking Statements Disclaimer

Certain information set forth in this press release contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Investor Relations Contact:

Matthew Abenante, IRC

President

Strategic Investor Relations, LLC

Tel: 347-947-2093

Email: matthew@strategic-ir.com


FAQ

What companies are involved in the TMEF acquisition deal?

TipMeFast Inc (OTC: TMEF) has acquired Lucent Inc, a company specializing in AI technology for clean energy storage.

Who is the new CEO of TMEF following the acquisition?

Steven Arenal, former President and CEO of Lucent Inc, has been appointed as President, CEO, and Board Member of TipMeFast (TMEF).

What markets will TMEF expand into after acquiring Lucent?

Following the acquisition, TMEF will expand into AI data centers, cloud computing, and the EV charger sector, with operations in both the US and Taiwan.

What is the planned name change for TMEF?

TipMeFast (TMEF) has initiated the process to change its name to Lucent Inc following the acquisition.

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