TipMeFast Inc (TMEF)

[aljafy]

8:00 AM ET 8/1/24 | GlobeNewswire

Tipmefast, Inc. Announces the Acquisition of Lucent Inc. to Revolutionize the Datacenter and Cloud Computing Industry by Harnessing the Power of Clean Energy

SANTA ANA, CA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Tipmefast, Inc. (OTC: TMEF) today announced that, on June 10, 2024, the Company entered into an Agreement for the Acquisition of Lucent, Inc., (Lucent or the "Company"), a company specializing in providing technical efficiencies to data centers and the AI ecosystem, with offices in Irvine, CA and Taipei, Taiwan.

Lucent caters to the needs of the booming AI infrastructure industry, with a specific focus on battery technologies and hybrid cloud infrastructure. The Company provides high demand solutions, including Infrastructure as a Service (IaaS) to Standalone Server services, Platform as a Service (PaaS) to Software as a Service (SaaS), and Disruptive Next-Gen NiZn Battery Technologies.

Lucent's mission is to revolutionize the datacenter and cloud computing industry by harnessing the power of clean energy. Lucent is committed to providing sustainable, reliable & high-performance solutions that empower businesses 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.

Lucent engages in sustainable business practices and is one of the few businesses to cover 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 datacenter and cloud computing industry by 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 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.

Lucent engages in sustainable business practices and is one of the few businesses to cover all 17 of the UN's Sustainable Development Goals.

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: [phone]

Email: [e-mail]

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August 01, 2024 08:00 ET (12:00 GMT)