ETT I iByond™️ and Oicintra Group unveil groundbreaking $3.9 billion joint venture to transform the energy sector

ETT I iByond™️ and Oicintra Group unveil groundbreaking $3.9 billion joint venture to transform the energy sector

A dynamic partnership focused on innovation, efficiency and market expansion in energy-related industries in the growing AI platform integration sector

Economic Transformation Technologies (ETT) and Oicintra Inc. have formed a $3.9 billion strategic joint venture over the next five years that aims to revolutionize the energy-related sectors targeted by Oicintra and ETT’s innovative products and services. The goal of this collaboration is to drive significant value creation by accelerating the integration of innovative artificial intelligence, increasing operational efficiency and expanding the market reach of renewable energy solutions.

This press release contains multimedia. You can view the full release here: https://www.businesswire.com/news/home/20240529839329/en/

Christopher Condon, President and CEO of ETT | iByond™ (Image: Business Wire)️

The joint venture will combine ETT’s cutting-edge iByond™️ platform with Oicintra’s advanced energy applications for electric vehicle (EV) charging, solar facade commercialization, power grid data analytics and green energy solutions (GES). By integrating these powerful applications with the iByond™️ platform, the collaboration will deliver transformational benefits, including increased revenues through market development, significant cost savings and accelerated customer acquisition. These advances will ultimately lead to the widespread adoption and use of innovative energy technologies to create a sustainable migration roadmap that reduces any excess demand on traditional networks. Once the jointly integrated solution is implemented, the resulting alternative energy solution will reduce utility costs for residential and corporate customers of the joint venture partners.

A key aspect of this endeavor is generating and monetizing valuable data analytics. The data collected will provide measurable documentation of use cases across enterprises and utilities, which will help reduce the degradation of any country’s national energy infrastructure. The combined solution will leverage the power of secure, federated data to provide businesses, governments and society with critical information to optimize energy use and implement sustainable practices. The data generated will play a pivotal role in shaping future energy policies and strategies, contributing to a more efficient and resilient energy ecosystem.

Both companies will actively promote the combined solution to their existing customers and new markets. ETT will leverage its established customer base and corporate partnerships, while Oicintra will leverage its expertise and network in the energy sector to drive market expansion. ETT will provide technical expertise and robust cybersecurity measures, ensuring a secure operating environment. Oicintra will focus on developing and integrating new products based on market requirements and customer feedback, while managing customer relationships and providing comprehensive support to application users.

“This joint venture represents a significant milestone in our mission to drive technological innovation in the energy sector. By combining our advanced iByond™️ platform with Oicintry’s expertise and innovative applications, we are poised to deliver unparalleled energy solutions that will redefine industry standards and drive sustainable growth,” said Christopher Condon, president and CEO of ETT | iPoza.

“Cooperation with ETT | iByond enhances our offering and accelerates the deployment of our unique, innovative energy solutions,” added Mr. McAllister, President/CEO of Oicintra Group.

“This initial Oicintra joint venture is just the beginning of our journey with the iByond™️ platform to accelerate its intelligent interoperability and advanced artificial intelligence as protocols in many other industries around the world,” added Dr. Nana Ekow Andam, Oicintra Co-Chair for Innovation Architect .

About ETT and iByond™️:

Economic Transformation Technologies, or ETT for short, is a company specializing in digital transformation in the current era of advanced technologies. The company boasts a team of top technologists, including system architects, developers and data science experts, who have spent almost a decade developing an intelligent, interoperable ecosystem platform. This platform serves as a “system of systems” framework for various sectors such as healthcare, education, real estate, hospitality, supply chain/manufacturing, smart cities, automotive and renewable energy.

The ETT platform offers a comprehensive solution that increases business efficiency and productivity. The company’s services streamline processes and increase enterprise profits through the use of technology. ETT’s focus on digital transformation, combined with its cutting-edge platform and skilled team, positions it as an invaluable partner for companies looking to optimize their operations in the digital era. More information can be found at www.ettworld.com.

About the Oicintra Group:

Oicintra Inc. is a modern supplier of energy resources offering innovative technologies in the field of alternative energy production. Oicintra offers its customers and partners products and services that enable the flexibility to deploy faster, reliable and efficient alternative power generation resources to help reduce utility costs while ensuring a consistent supply of energy for their needs. Oicintra Inc. it also extracts its own raw materials to produce products using alternative energy. The company has a lithium mine in Namibia and a chromium mine in South Africa, which supplies raw material to the factory that produces the company’s products.

[email protected]

View source version on businesswire.com: https://www.businesswire.com/news/home/20240529839329/en/