Companies to Formalize Cloud Partnership as Alset AI Commits Initial Investment
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VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ) ("Alset AI" or the "Company") an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that it has entered into a Memorandum of Understanding (the "MOU") with Henon Financial Technologies Inc. ("Henon") to establish a preferred cloud compute partnership. In alignment with the preferred cloud compute partnership, Alset AI has committed to making a capital investment in the Company by participating in Henon's upcoming capital raise, which Henon expects to close on or about March 31, 2025.
As part of the preferred cloud compute partnership, Alset AI's flagship cloud computing business will develop tailored AI-driven solutions to support Henon's ongoing technological and operational needs. This collaboration is a critical step in leveraging Alset AI's advanced cloud infrastructure business, to drive innovation within Henon's financial technology ecosystem.
Henon is creating cutting edge AI-driven software solutions, for private equity and credit firms making it an ideal partner for Alset AI's cloud computing platform. By aligning with Henon, Alset AI strengthens its presence in the fintech sector, unlocking opportunities for high-performance AI-driven financial applications that require scalable, secure, and intelligent cloud solutions.
"Formalizing a preferred cloud computing partnership with Henon is aligned to Alset AI's strategy, and is very exciting for us," said Adam Ingrao, CEO of Alset AI. "This potential agreement allows us to deploy our flagship cloud compute business in a way that creates long-term value for both companies. We are also committing an initial investment in Henon, with the potential for further investment as the relationship develops and Henon continues to scale."
"Our comprehensive data-to-decision platform provides our clients with unparalleled speed to insights and decision-making," said Peter Zwicker, co-founder and head of product at Henon. "To achieve this, securing reliable cloud compute and storage is strategically and geographically important. This partnership with Alset AI will help accomplish that goal and provide a growth pathway both financially and operationally in the years to come."
About Alset AI Ventures Inc.
Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth.
About Henon Financial Technologies Inc.
Henon is a leading provider of AI-driven software solutions for private equity and credit firms, offering advanced portfolio monitoring, reporting, and model-driven insights. By blending technical innovation with financial expertise, Henon transforms financial complexity into clarity, providing intelligence to move faster and invest smarter. Henon supports a global network of clients from offices in Toronto, Chicago and Montreal.
For further information about Alset AI Ventures Inc., please contact:
Investor Relations
T: 236.312.6744
E: ir@alsetai.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to the transactions contemplated by the MOU (the "Transaction"), the perceived benefits of the Transaction, the timing of completing the Transaction, any impacts of the investment made by the Company in Henon, how the Company will support Henon as part of the partnership, the ability of Alset AI to strengthen its presence and unlock opportunities as a result of the Transaction, the projected growth and strategies of Alset AI, long term value creation for Alset AI and Henon, scalability of Henon, and Alset AI's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.
SOURCE: Alset AI Ventures Inc.
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