Datavault to Highlight Bioenergy Digital Twins Platform at NYSDS 2024
Datavault Holdings, Inc.®, set to be acquired by WiSA Technologies, Inc. (NASDAQ: WISA), will present at the New York Scientific Data Summit (NYSDS) 2024 on September 16-17. The company will showcase its PhytoIntel platform, focusing on Digital Twin technologies for bioenergy crop optimization. CEO Nathaniel Bradley will discuss advancements in Bioenergy Digital Twins. The summit features experts from various sectors, exploring topics like model accuracy and machine learning integration. McKinsey projections highlight the growing importance of Digital Twins, forecasting a 60% annual market growth to $73.5 billion by 2027. The technology is becoming important for supply chain transformation and advanced industries.
Datavault Holdings, Inc.®, in procinto di essere acquisita da WiSA Technologies, Inc. (NASDAQ: WISA), presenterà al New York Scientific Data Summit (NYSDS) 2024 il 16-17 settembre. L'azienda mostrerà la sua piattaforma PhytoIntel, concentrandosi sulle tecnologie dei Digital Twin per l'ottimizzazione delle colture bioenergetiche. L'Amministratore Delegato Nathaniel Bradley discuterà i progressi nei Digital Twin per la bioenergia. Il summit ospita esperti di vari settori, esplorando argomenti come la precisione dei modelli e l'integrazione del machine learning. Le proiezioni di McKinsey evidenziano l'importanza crescente dei Digital Twin, prevedendo una crescita annuale del mercato del 60% fino a 73,5 miliardi di dollari entro il 2027. La tecnologia sta diventando fondamentale per la trasformazione della supply chain e per le industrie avanzate.
Datavault Holdings, Inc.®, que está a punto de ser adquirida por WiSA Technologies, Inc. (NASDAQ: WISA), se presentará en el New York Scientific Data Summit (NYSDS) 2024 el 16 y 17 de septiembre. La empresa mostrará su plataforma PhytoIntel, enfocándose en las tecnologías de Digital Twin para la optimización de cultivos de bioenergía. El CEO Nathaniel Bradley discutirá los avances en los Digital Twins de bioenergía. La cumbre contará con expertos de varios sectores, explorando temas como la precisión de los modelos y la integración del aprendizaje automático. Las proyecciones de McKinsey destacan la creciente importancia de los Digital Twins, pronosticando un crecimiento anual del mercado del 60% que alcanzará los 73.5 mil millones de dólares para 2027. La tecnología se está convirtiendo en un aspecto clave para la transformación de la cadena de suministro y las industrias avanzadas.
Datavault Holdings, Inc.®는 WiSA Technologies, Inc. (NASDAQ: WISA)에 인수될 예정이며, 9월 16-17일에 열리는 New York Scientific Data Summit (NYSDS) 2024에 발표할 것입니다. 이 회사는 생물 에너지 작물 최적화를 위한 Digital Twin 기술에 중점을 둔 PhytoIntel 플랫폼을 선보일 예정입니다. CEO Nathaniel Bradley는 Bioenergy Digital Twin의 발전에 대해 논의할 것입니다. 이번 서밋에는 다양한 분야의 전문가들이 참여하여 모델 정확성과 기계 학습 통합과 같은 주제를 탐구할 것입니다. McKinsey의 예측에 따르면, Digital Twin의 중요성이 커지고 있으며, 2027년까지 60%의 연평균 시장 성장으로 735억 달러에 이를 것으로 예상되고 있습니다. 이 기술은 공급망 혁신과 첨단 산업에 있어 중요해지고 있습니다.
Datavault Holdings, Inc.®, qui doit être acquise par WiSA Technologies, Inc. (NASDAQ: WISA), présentera lors du New York Scientific Data Summit (NYSDS) 2024 les 16 et 17 septembre. L'entreprise mettra en avant sa plateforme PhytoIntel, en se concentrant sur les technologies de Digital Twin pour l'optimisation des cultures de bioénergie. Le PDG Nathaniel Bradley discutera des avancées dans les Digital Twins de bioénergie. Le sommet met en vedette des experts de divers secteurs, explorant des sujets tels que la précision des modèles et l'intégration de l'apprentissage automatique. Les projections de McKinsey soulignent l'importance croissante des Digital Twins, prévoyant une croissance annuelle du marché de 60% atteignant 73,5 milliards de dollars d'ici 2027. Cette technologie devient essentielle pour la transformation de la chaîne d'approvisionnement et les industries avancées.
Datavault Holdings, Inc.®, das von WiSA Technologies, Inc. (NASDAQ: WISA) übernommen werden soll, wird am 16. und 17. September auf dem New York Scientific Data Summit (NYSDS) 2024 präsentieren. Das Unternehmen wird seine PhytoIntel-Plattform vorstellen, die sich auf Digital Twin-Technologien zur Optimierung von Bioenergiepflanzen konzentriert. CEO Nathaniel Bradley wird über Fortschritte bei Bioenergie-Digital Twins sprechen. Der Gipfel beinhaltet Experten aus verschiedenen Sektoren, die Themen wie Modellgenauigkeit und Integration von maschinellem Lernen untersuchen. McKinsey-Prognosen heben die wachsende Bedeutung von Digital Twins hervor, und erwarten ein jährliches Marktwachstum von 60% auf 73,5 Milliarden Dollar bis 2027. Diese Technologie wird für die Transformation der Lieferkette und fortschrittliche Industrien zunehmend wichtig.
- Datavault's PhytoIntel platform showcases advanced data handling techniques for bioenergy crop optimization
- Participation in NYSDS 2024 provides exposure and networking opportunities with industry leaders
- Digital Twins market projected to grow 60% annually, reaching $73.5 billion by 2027 according to McKinsey
- 75% of companies in advanced industries have adopted Digital Twins, indicating strong market potential
- Datavault is under a definitive asset purchase agreement to sell its IP and IT assets to WiSA Technologies, potentially impacting its future operations
Leveraging Deep Data Expertise to Advance Predictive Modeling in Energy and Agriculture
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
The summit, in its tenth year, will be held at SUNY Global Center in
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
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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
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.
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Investor
David Barnard, LHA Investor Relations, 415-433-3777, wisa@lhai.com
Source: WiSA Technologies, Inc.
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