Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”),
announced today that MTIX Ltd. (“MTIX”), a wholly owned
subsidiary of the Company’s majority owned subsidiary, Avalanche
International Corp., has achieved substantial cost savings and
environmental benefits with a digital scouring process algorithm
associated with its license with PANGAIA.
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MTIX MLSE Machine Assembled, Installed
and Operational Photo exclusive property of MTIX, Ltd. All rights
reserved @2023 www.mti-x.com
MTIX Ltd, in collaboration with RDD Textiles (“RDD”) and
PANGAIA, has been working towards eliminating the wet pre-treatment
process through the use of its proprietary MLSE laser technology.
This innovative approach aims to save water and energy as well as
process chemicals efficiently. A recent Life Cycle Assessment
(“LCA”) has demonstrated savings of over 87% for electricity
use and 98% reduction in water use compared to conventional
processes for pre-treatment for dyeing.
RDD Textiles is showcasing this fabric along with its other
innovations at ISPO 2023 in Munich, Germany this week Booth
#C1.327. ISPO is the world’s largest trade fair for sporting goods
and sportswear.
Phil Mansour, the CEO of MTIX, stated, “We are pleased at the
results of the combined efforts of our teams. This LCA demonstrates
what we have always believed about MLSE and its ability to make a
substantial environmental difference in the textile industry,
substantially saving water, chemicals and energy.”
PANGAIA stated, “PANGAIA is constantly searching for new
innovative solutions to improve the environmental footprint of
existing materials and processes within the textile industry.
Dyeing presents one of the industry’s most pressing issues but by
working with the MLSE technology we have collectively shown the
potential to improve its footprint substantially specifically in
the dye preparation stage. We look forward to building on this work
with MTIX and RDD to drive change for dyeing practices across our
industry.”
Ana Tavares from RDD stated, “MLSE technology will revolutionize
the textile industry, avoiding wet pre-treatment of fabrics, an
unavoidable process when dyeing fabrics, saving resources such as
water, chemicals and energy while minimizing costs. Beyond that,
RDD and MTIX team are also working on the functional finishings for
knitted fabrics, such as durable water resistance (“DWR”),
also a possible application, with the same plasma technology. This
kind of finishing normally uses harmful chemicals that can be
avoided with the use of MLSE technology.”
For more information on Ault Alliance and its subsidiaries, Ault
Alliance recommends that stockholders, investors, and any other
interested parties read Ault Alliance’s public filings and press
releases available under the Investor Relations section at
www.Ault.com or at www.sec.gov.
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and offers colocation and hosting services for the emerging
artificial intelligence ecosystems and other industries, and
provides mission-critical products that support a diverse range of
industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles. In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.Ault.com.
About RDD Textiles
RDD’s mission is to develop innovative materials and
technologies that minimize the environmental impact of the fashion
industry. We specialize in low impact fabrics by leveraging
emerging technologies and unique raw materials. As a valuable
supply chain partner, we actively support innovators, promote
knowledge-sharing, and collaborate closely with Valerius Group and
external partners. By exploring the potential of bio-based,
regenerative, and recycled materials, RDD aims to foster a
harmonious relationship between industry and innovation, leading to
a more responsible production and consumption.
About PANGAIA
PANGAIA is a purpose-driven lifestyle company bringing
problem-solving materials science innovations to the world. We are
a global collective of one heart and many hands - scientists,
technologists, designers – using nature’s intelligence to create
apparel from innovative tech and bio-engineered materials.
Our vision is to inspire and accelerate an earth positive future
as we design a business model where our products are better for the
planet than if they did not exist. Every product we create is born
from science and purpose, each solving an environmental problem of
the industry.
From the materials we use to the colors we create, we are
committed to protecting, preserving and promoting biodiversity on
earth, pioneering and using materials that consider the delicate
balance between planet, functionality and purpose.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” “considering,” or similar
expressions. Statements that are not historical facts are
forward-looking statements. Forward-looking statements are based on
current beliefs and assumptions that are subject to risks and
uncertainties.
Forward-looking statements speak only as of the date they are
made, and the Company undertakes no obligation to update any of
them publicly in light of new information or future events other
than as required by applicable law. Actual results could differ
materially from those contained in any forward-looking statement as
a result of various factors. More information, including potential
risk factors, that could affect the Company’s business and
financial results are included in the Company’s filings with the
U.S. Securities and Exchange Commission, including, but not limited
to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are
available at www.sec.gov and on the Company’s website at
www.Ault.com.
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