SAIHEAT Strengthens Market Position with New Partnerships

SAIHEAT Strengthens Market Position with New Partnerships

SAIHEAT Limited, formerly known as SAI.TECH Global Corporation, has announced strategic advancements through the signing of two important Memorandum of Understanding (MoUs). These agreements focus on HEATNUC products, pivotal in the nuclear and Small Modular Reactor (SMR) sectors. The goal is to enhance the company’s competitiveness in both Middle Eastern and international markets while enriching corporate management experience.

Partnerships with Leading Firms

One of the key partnerships is with Kinze Nuclear Innovation (Beijing) International Energy Technology Services Co., Ltd. This MoU establishes a strategic collaboration that emphasizes nuclear technology consulting and training. Furthermore, it includes system, software, hardware verification and validation (V&V), alongside digitalization services for the nuclear and oil and gas industries in China, enhancing technical capabilities and creating significant value in the nuclear sector.

Focus on Joint Production and Competitiveness

The second MoU, signed with Jiangsu Jintonglingguang Nuclear Energy Technology Co., Ltd., outlines plans for collaborative production of nuclear and SMR equipment, along with spare parts. This initiative aims to improve competitiveness and localization rates within the nuclear power landscape, leveraging both companies' strengths. Jiangsu Jintong is equipped for batch manufacturing of essential equipment needed for nuclear energy, covering various technical routes including advanced reactor generations.

Goals of the Collaborations

The focus of these MoUs is to stimulate mutual development and share valuable expertise in project management, marketing, and best business practices within the nuclear and SMR industries. By working together, SAIHEAT and its partners are set to explore joint venture opportunities that can expand their global outreach through export enterprises.

Supporting Technological Innovations

These collaborations align with HEATNUC's strategic aspirations aimed at solidifying its role as a leader in the global nuclear field. SAIHEAT's strategy involves not just creating ingenious solutions but also committing to the highest standards of quality and safety. Such a proactive approach ensures HEATNUC stays at the forefront of technological advancements, reinforcing its market leadership.

About HEATNUC and SAIHEAT

HEATNUC serves as the Small Modular Reactor division of SAIHEAT, concentrating on developing third-generation Pressurized Water Reactors (PWR) and fourth-generation reactors such as Sodium-cooled Fast Reactors (SFR) and High-Temperature Gas-cooled Reactors (HTGR). HEATNUC promotes the utilization of innovative fuel cycles, ensuring a sustainable approach to extending the lifecycle of uranium use globally, thus facilitating the development of uranium resources.

SAIHEAT Limited is a publicly traded firm listed on NASDAQ under the ticker SAIH. Headquartered in Singapore, it focuses on developing advanced technologies for high-performance computing ecosystems. Their pioneering innovations aim to mitigate the environmental impact of Bitcoin mining and Artificial Intelligence operations.

Contact Information

If you have any media inquiries, please reach out to pr@saiheat.com. For investor relations, you can contact ir@saiheat.com.

Frequently Asked Questions

What are the main objectives of the signed MoUs?

The primary objectives include enhancing cooperation, improving competitiveness in the nuclear and SMR sectors, and sharing expertise to promote mutual benefits.

Who are the partners involved in the MoUs?

SAIHEAT has partnered with Kinze Nuclear Innovation and Jiangsu Jintonglingguang Nuclear Energy Technology Co., Ltd. to advance nuclear technology and equipment production.

What is HEATNUC?

HEATNUC is a division of SAIHEAT focused on developing advanced nuclear technology, including SMR designs and innovative fuel cycles for sustainability.

How does SAIHEAT plan to impact the nuclear industry?

SAIHEAT aims to provide innovative solutions, enhance competitiveness, and uphold high safety standards, reinforcing its leadership in the industry.

Where can I find more information about SAIHEAT?

More details about SAIHEAT's initiatives and products can be found on their official website at www.saiheat.com.

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