SINGAPORE, Sept. 10, 2024 – SAIHEAT Limited (f/k/a SAI.TECH Global Corporation) (“SAIHEAT” or the “Company”) (NASDAQ: SAI, SAITW), announces its rebranding to SAIHEAT following the approval of the proposal at its recent annual general meeting. As part of this rebranding, the Company has changed its legal name from SAI.TECH Global Corporation to SAIHEAT Limited, effective on August 13, 2024.
In connection with the name change, the Company will also change its trading symbol for its Class A Ordinary Shares from “SAI” to “SAIH”. The Company’s warrants will continue to trade under the trading symbol “SAITW”. SAIHEAT’s Class A Ordinary Shares will commence trading on the Nasdaq Capital Market under the new name and trading symbol at the market open on September 11, 2024. No action by the Company’s shareholders is required with respect to the name and trading symbol change. The CUSIP number for the Company’s Class A Ordinary Shares will remain unchanged.
This strategic rebranding represents a significant shift for the Company, highlighting its expanded focus and commitment to driving innovation in sustainable computing and heat recycling. With the new brand, SAIHEAT aims to meet the rising demand for sustainable computing, especially for artificial intelligence. SAIHEAT is focused on energy-efficient infrastructures, leveraging advanced liquid-cooling and heat recycling to enhance data center performance and sustainability. This approach establishes SAIHEAT as a pioneer in merging technology with cutting-edge computing solutions.
The rebranding to SAIHEAT introduces several key upgrades to the Company’s brand and operations:
- New Name and Trading Symbol: The transition to SAIHEAT and the new trading symbol “SAIH” reflect the Company’s refined vision and strategy. This change aligns with the Company’s broader commitment to addressing the growing needs of the sustainable computing market.
- New Website with New Visuals: SAIHEAT is launching a redesigned website and visual identity that reflects its dedication to sustainability and industry leadership. The new domain and design embody SAIHEAT’s advanced approach to sustainable computing with heat recycling solutions and nuclear power session.
- Expansion into New Business Lines: SAIHEAT is broadening its business scope to include advanced computing services and heat recycling solutions as well as small modular reactors to support the expansive electricity needs of AI and computing. This expansion supports the growth of AI and computing technologies, marking a significant step forward in meeting the industrial needs.
- New Product Structure with AI Focus: SAIHEAT’s updated product lineup includes the A series for AI servers and the B series for BTC servers. This new structure emphasizes artificial intelligence and aligns with the Company’s goal of integrating AI technologies with advanced liquid-cooling solutions to boost data center efficiency and performance.
“Our rebranding transition to SAIHEAT marks an exciting evolution for the Company,” said Aurther Lee, CEO of SAIHEAT. “This rebranding effort reflects our enhanced focus and expanded capabilities. With our new business lines, product innovations, and marketing strategy, we are well-positioned to deliver superior solutions and drive progress in sustainable computing and energy management.”
