Backbone Damage Options, a backbone injury-related medical service and expertise (MedTech) firm, has modified its title to Bitech Applied sciences Company.
This comes a number of weeks after the MedTech firm accomplished its acquisition of Bitech Mining Company, a revolutionary renewable power expertise resolution supplier for the cryptocurrency mining business.
The change of title is a part of the corporate’s deliberate enlargement of its enterprise to deal with the introduction of its Tesdison expertise, a patented self-charging expertise to offer a inexperienced power resolution to the cryptocurrency mining sector.
Backbone stated the brand new title was accepted by its Board of Administrators final Thursday, including that it plans to file a discover relating to the change and a request for a logo change with the Monetary Business Regulatory Authority.
It famous that Tesdison was validated by Nationwide Technical Methods, a worldwide supplier of testing, inspection and certification companies, in September 2019.
The Tesdison Know-how
Backbone stated Tesdison, a high-efficiency electrical energy era and charging system, is a US-patented expertise named by combining ‘Tesla’ and ‘Edison’.
“This technique is anticipated to end in a power-savings resolution with as much as a 99% power effectivity to interchange expensive software particular built-in circuits (ASICs) used to mine cryptocurrencies and considerably cut back exorbitant electrical energy payments,” Backbone stated in a press release.
Moreover, the MedTech agency defined that its long-term imaginative and prescient is to globalize the commercialization of Tesdison within the cryptocurrency mining sector as its core enterprise mannequin.
“We additionally plan to hunt expertise partnerships with power suppliers, envisioning the technological influence of the present market panorama immediately. The Tesdison expertise has worldwide protections in lots of international locations of the world together with the U.S., Canada, European Union, Japan, South Korea, China, Australia and all Affiliation of Southeast Asian Nations (ASEAN) international locations besides Brunei and Myanmar,” it added.
Enhancing Energy Era in Crypto Mining
Explaining the options of Tesdison, Backbone stated the tech product can generate as much as twice an authentic power output, can perform off-grid with out a utility connection, has no discharge restrict because the renewable power is constantly delivered, and gives a continuing uninterrupted provide of electrical energy day by day at any desired voltage.
The corporate added that the brand new product provides a number of advantages akin to low upkeep price with much less mechanical put on and tear, no gas or provide points, and no harmful by-products and waste, amongst others.
“We’re planning to deploy the Tesdison expertise to present battery storage amenities no matter the kind of batteries getting used,” Backbone stated.
It added: “Whereas we count on new income to be created with a restricted improve in overhead prices for infrastructure growth, we additionally count on to quickly deploy our battery energy expertise to the grid when wanted which is anticipated to end in extra energy being generated utilizing much less assets.”
Backbone additionally “plans to take a strategic enlargement strategy by collaborating with main cryptocurrency miners to speed up income era, aiming to rapidly receive a large market share the place there’s a win-win income sharing mannequin which may very well be substantial to the corporate in the long term.”
Backbone Damage Options, a backbone injury-related medical service and expertise (MedTech) firm, has modified its title to Bitech Applied sciences Company.
This comes a number of weeks after the MedTech firm accomplished its acquisition of Bitech Mining Company, a revolutionary renewable power expertise resolution supplier for the cryptocurrency mining business.
The change of title is a part of the corporate’s deliberate enlargement of its enterprise to deal with the introduction of its Tesdison expertise, a patented self-charging expertise to offer a inexperienced power resolution to the cryptocurrency mining sector.
Backbone stated the brand new title was accepted by its Board of Administrators final Thursday, including that it plans to file a discover relating to the change and a request for a logo change with the Monetary Business Regulatory Authority.
It famous that Tesdison was validated by Nationwide Technical Methods, a worldwide supplier of testing, inspection and certification companies, in September 2019.
The Tesdison Know-how
Backbone stated Tesdison, a high-efficiency electrical energy era and charging system, is a US-patented expertise named by combining ‘Tesla’ and ‘Edison’.
“This technique is anticipated to end in a power-savings resolution with as much as a 99% power effectivity to interchange expensive software particular built-in circuits (ASICs) used to mine cryptocurrencies and considerably cut back exorbitant electrical energy payments,” Backbone stated in a press release.
Moreover, the MedTech agency defined that its long-term imaginative and prescient is to globalize the commercialization of Tesdison within the cryptocurrency mining sector as its core enterprise mannequin.
“We additionally plan to hunt expertise partnerships with power suppliers, envisioning the technological influence of the present market panorama immediately. The Tesdison expertise has worldwide protections in lots of international locations of the world together with the U.S., Canada, European Union, Japan, South Korea, China, Australia and all Affiliation of Southeast Asian Nations (ASEAN) international locations besides Brunei and Myanmar,” it added.
Enhancing Energy Era in Crypto Mining
Explaining the options of Tesdison, Backbone stated the tech product can generate as much as twice an authentic power output, can perform off-grid with out a utility connection, has no discharge restrict because the renewable power is constantly delivered, and gives a continuing uninterrupted provide of electrical energy day by day at any desired voltage.
The corporate added that the brand new product provides a number of advantages akin to low upkeep price with much less mechanical put on and tear, no gas or provide points, and no harmful by-products and waste, amongst others.
“We’re planning to deploy the Tesdison expertise to present battery storage amenities no matter the kind of batteries getting used,” Backbone stated.
It added: “Whereas we count on new income to be created with a restricted improve in overhead prices for infrastructure growth, we additionally count on to quickly deploy our battery energy expertise to the grid when wanted which is anticipated to end in extra energy being generated utilizing much less assets.”
Backbone additionally “plans to take a strategic enlargement strategy by collaborating with main cryptocurrency miners to speed up income era, aiming to rapidly receive a large market share the place there’s a win-win income sharing mannequin which may very well be substantial to the corporate in the long term.”