Irvine, Ca, Feb. 25, 2025 (GLOBE NEWSWIRE) -- TipMeFast, Inc. ("TipMeFast" or the "Company") (OTC: TMEF) today announced that the name of the corporation will change to Lucent, Inc. effective at market opening on February 25, 2025. The new name represents the culmination of the company's strategic transformation and better reflects its focus on sustainable energy solutions and AI technology.
This name change follows the company's acquisition of Lucent, Inc. in 2024, which has since operated as a wholly-owned subsidiary specializing in providing technical efficiencies to data centers and the AI ecosystem, with particular emphasis on battery technologies and cloud infrastructure.
"The adoption of the Lucent name across our entire organization completes our transformation and better represents our mission to revolutionize the datacenter and cloud computing industry through clean energy solutions," said Steven Arenal, President and CEO. "Our focus on the synergy between AI and sustainable energy positions us at the forefront of these rapidly growing markets."
Lucent has established itself as an innovator in the clean energy sector, recently expanding its footprint through strategic acquisitions in the AI space and battery technology. The company's Battery Management System utilizes AI for enhanced energy storage capabilities, and it continues to develop multiple Artificial Intelligence platforms through its collaboration with The National Applied Research Laboratories in Taiwan.
The company will continue to trade under the ticker symbol "TMEF" until further notice.
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 www.lucentna.com.
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.
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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
