13:57:20 EDT Tue 14 May 2024
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or Name
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Sato Technologies Corp
Symbol SATO
Shares Issued 72,589,462
Close 2023-10-24 C$ 0.40
Market Cap C$ 29,035,785
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Sato notes release of heat waste recovery study

2023-10-25 12:41 ET - News Release

Mr. Romain Nouzareth reports

SATO REVEALS STUDY MADE WITH THE SMART ENERGY LAB FROM THE UNIVERSITY OF QUEBEC ("UQTR") TO UNLOCK POTENTIAL IN HEAT WASTE RECOVERY FROM DIGITAL COMPUTING AND BITCOIN MINING

Sato Technologies Corp. has noted that a new study made with the University of Quebec at Trois-Rivieres, exploring the potential for reusing heat generated from digital asset machines, such as those used for bitcoin mining, has been released.

Preliminary findings from the study are promising. They indicate that the tested computers generate significant amounts of heat, with the recoverable heat energy potential ranging from 68 per cent to 88 per cent for the MicroBT WhatsMiner model and from 66 per cent to 86.33 per cent for the Bitmain Antminer model. These percentages vary based on the cooling system employed and the surrounding conditions. For the purpose of the experiment, air cooling was used.

These results underscore the vast potential of digital asset mining heat waste recovery as a sustainable solution to reduce energy costs and mitigate environmental impact as from an input of energy, operating such machines allows to obtain both bitcoin and waste heat that can be used for projects.

Yvan Guibault, a strategic adviser for Sato and one of the first shareholders, collaborated on the study and comments: "I'm glad this first step was conducted successfully, advancing in the direction of waste heat reuse as we first initiated it back in 2018. With these new data points, we will be able to transition to the next level of application for large-scale industrial use of waste heat reuse."

These results not only validate the viability of heat recovery technologies but also pave the way for their adoption in the digital asset sector. Such advancements can significantly reduce the industry's carbon footprint while simultaneously meeting industrial heat demands.

PhD student Alejandro Parrado-Duque, under the mentorship of Prof. Yves Dube and Kodjo Agbossou, received accolades for his contributions. Prof. Agbossou is a full-time professor at the department of electrical engineering and computer engineering at the UQTR. He holds the Hydro-Quebec research chair on the transactional management of residential power and energy demand, is the director of the Laboratory of Innovation and Research in Intelligent Energy (LIREI), a member of the Hydrogen Research Institute, and vice-president of RLS-Sciences. Mr. Parrado-Duque received a prize for his active participation during RTUCON 2023, the international scientific conference on power and electrical engineering of Riga Technical University.

About Sato Technologies Corp.

Sato, founded in 2017, is a publicly listed company deploying efficient digital infrastructures for bitcoin mining, high-power computing (HPC), artificial intelligence (AI), and L2's. Listed on the TSX Venture Exchange and OTCQB since 2021, the company prides itself on outstanding performance, financial stability and a top-tier team. Around 65 per cent of securities (on a fully diluted basis) are owned by officers, directors, insiders and shareholders above 7 per cent with long-term vision.

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