Backbone Harm Options, a backbone injury-related medical service and expertise (MedTech) firm, has modified its title to Bitech Applied sciences Company.
This comes a couple of weeks after the MedTech firm accomplished its acquisition of Bitech Mining Company, a revolutionary renewable power expertise answer supplier for the cryptocurrency mining business.
The change of title is a part of the corporate’s deliberate growth of its enterprise to deal with the introduction of its Tesdison expertise, a patented self-charging expertise to offer a inexperienced power answer to the cryptocurrency mining sector.
Backbone stated the brand new title was permitted by its Board of Administrators final Thursday, including that it plans to file a discover relating to the change and a request for a logo change with the Monetary Business Regulatory Authority.
It famous that Tesdison was validated by Nationwide Technical Programs, a worldwide supplier of testing, inspection and certification companies, in September 2019.
The Tesdison Expertise
Backbone stated Tesdison, a high-efficiency electrical energy technology and charging system, is a US-patented expertise named by combining ‘Tesla’ and ‘Edison’.
“This method is anticipated to end in a power-savings answer with as much as a 99% power effectivity to switch pricey software particular built-in circuits (ASICs) used to mine cryptocurrencies and considerably cut back exorbitant electrical energy payments,” Backbone stated in an announcement.
Moreover, the MedTech agency defined that its long-term imaginative and prescient is to globalize the commercialization of Tesdison within the cryptocurrency mining sector as its core enterprise mannequin.
“We additionally plan to hunt expertise partnerships with power suppliers, envisioning the technological impression of the present market panorama right now. The Tesdison expertise has worldwide protections in lots of international locations of the world together with the U.S., Canada, European Union, Japan, South Korea, China, Australia and all Affiliation of Southeast Asian Nations (ASEAN) international locations besides Brunei and Myanmar,” it added.
Enhancing Energy Technology in Crypto Mining
Explaining the options of Tesdison, Backbone stated the tech product can generate as much as twice an authentic power output, can operate off-grid and not using a utility connection, has no discharge restrict because the renewable power is constantly delivered, and supplies a relentless uninterrupted provide of electrical energy day by day at any desired voltage.
The corporate added that the brand new product presents a number of advantages corresponding to low upkeep price with much less mechanical put on and tear, no gasoline or provide points, and no harmful by-products and waste, amongst others.
“We’re planning to deploy the Tesdison expertise to present battery storage services no matter the kind of batteries getting used,” Backbone stated.
It added: “Whereas we anticipate new income to be created with a restricted enhance in overhead prices for infrastructure improvement, we additionally anticipate to quickly deploy our battery energy expertise to the grid when wanted which is anticipated to end in extra energy being generated utilizing much less assets.”
Backbone additionally “plans to take a strategic growth strategy by collaborating with main cryptocurrency miners to speed up income technology, aiming to shortly receive a large market share the place there’s a win-win income sharing mannequin which may very well be substantial to the corporate in the long term.”
Backbone Harm Options, a backbone injury-related medical service and expertise (MedTech) firm, has modified its title to Bitech Applied sciences Company.
This comes a couple of weeks after the MedTech firm accomplished its acquisition of Bitech Mining Company, a revolutionary renewable power expertise answer supplier for the cryptocurrency mining business.
The change of title is a part of the corporate’s deliberate growth of its enterprise to deal with the introduction of its Tesdison expertise, a patented self-charging expertise to offer a inexperienced power answer to the cryptocurrency mining sector.
Backbone stated the brand new title was permitted by its Board of Administrators final Thursday, including that it plans to file a discover relating to the change and a request for a logo change with the Monetary Business Regulatory Authority.
It famous that Tesdison was validated by Nationwide Technical Programs, a worldwide supplier of testing, inspection and certification companies, in September 2019.
The Tesdison Expertise
Backbone stated Tesdison, a high-efficiency electrical energy technology and charging system, is a US-patented expertise named by combining ‘Tesla’ and ‘Edison’.
“This method is anticipated to end in a power-savings answer with as much as a 99% power effectivity to switch pricey software particular built-in circuits (ASICs) used to mine cryptocurrencies and considerably cut back exorbitant electrical energy payments,” Backbone stated in an announcement.
Moreover, the MedTech agency defined that its long-term imaginative and prescient is to globalize the commercialization of Tesdison within the cryptocurrency mining sector as its core enterprise mannequin.
“We additionally plan to hunt expertise partnerships with power suppliers, envisioning the technological impression of the present market panorama right now. The Tesdison expertise has worldwide protections in lots of international locations of the world together with the U.S., Canada, European Union, Japan, South Korea, China, Australia and all Affiliation of Southeast Asian Nations (ASEAN) international locations besides Brunei and Myanmar,” it added.
Enhancing Energy Technology in Crypto Mining
Explaining the options of Tesdison, Backbone stated the tech product can generate as much as twice an authentic power output, can operate off-grid and not using a utility connection, has no discharge restrict because the renewable power is constantly delivered, and supplies a relentless uninterrupted provide of electrical energy day by day at any desired voltage.
The corporate added that the brand new product presents a number of advantages corresponding to low upkeep price with much less mechanical put on and tear, no gasoline or provide points, and no harmful by-products and waste, amongst others.
“We’re planning to deploy the Tesdison expertise to present battery storage services no matter the kind of batteries getting used,” Backbone stated.
It added: “Whereas we anticipate new income to be created with a restricted enhance in overhead prices for infrastructure improvement, we additionally anticipate to quickly deploy our battery energy expertise to the grid when wanted which is anticipated to end in extra energy being generated utilizing much less assets.”
Backbone additionally “plans to take a strategic growth strategy by collaborating with main cryptocurrency miners to speed up income technology, aiming to shortly receive a large market share the place there’s a win-win income sharing mannequin which may very well be substantial to the corporate in the long term.”
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