Attis Completes Strategic Investment in Noveda Technologies

Attis Industries (NASDAQ:ATIS) has announced it has completed a strategic investment in Nova Technologies.

As quoted in the press release:

The transaction was completed as part of the Company’s recent acquisition of an 80% stake in FLUX Carbon LLC (“JVCo”), and includes a license to use Noveda’s technologies. Noveda is leading the integration of emerging concepts like blockchain, artificial intelligence, and machine learning to streamline resource management, while helping to decrease consumption, optimize performance, and reduce carbon footprints for customers and users world-wide.

Noveda’s patented monitoring solution integrates consumption and generation data to provide actionable real time intelligence for owners, operators and users, including for users across networks of production facilities. In addition to its several multinational clients, as well as clients in a diverse array of industries from healthcare to renewable energy, Noveda’s advanced solutions are now made available to over 10,000 member schools in the Green Schools Alliance. Noveda is also one of the first companies selected by New York State Energy Research and Development Authority (“NYSERDA”) as an approved vendor in the Real Time Energy Management (“RTEM”) program, leveraging a 30% incentive for the hardware and installation costs paid by NYSERDA.

“The Noveda platform has compelling synergies in our innovation and healthcare groups where they will help to drive awareness of key performance metrics,” said Jeffrey Cosman, the Company’s Chief Executive Officer. “We’re especially excited by the work Noveda is doing with emerging uses of blockchain. We’re looking forward to working with the Noveda team.”

Click here to read the full press release.