SINGAPORE, Nov. 10,
2023 /PRNewswire/ -- noco-noco Pte Ltd. ("noco-noco"), a leading decarbonization
solutions provider and wholly owned subsidiary of noco-noco
Inc. (Nasdaq "NCNC"), has entered
into a strategic business alliance with Tesnology Co., Ltd.
("TESNOLOGY"), a pioneering R&D group focused on developing
technologies for smart cities. This collaboration aims to
accelerate the development and implementation of a groundbreaking
group of RCTnm devices that seamlessly integrate noco-noco's
high-value-added batteries equipped with X-SEPA™ (separator)
technology and TESNOLOGY's distributed edge control technology.
The RCTnm devices, first showcased at CES2023 and VivaTech 2023,
represent a significant leap forward in the realm of energy
management, decentralization, and the realization of smart
cities.
In response to the global climate crisis, the world is
transitioning away from high-emission data solutions and more
sustainable energy management. This alliance puts noco-noco and
TESNOLOGY at the forefront of this transition, envisioning a future
where cities are sustainable, self-sufficient, and built on the
foundation of democratized information and energy. The
collaboration focuses on creating an ideal smart city environment,
where personal data is protected, energy consumption is optimized,
and citizens enjoy a comfortable life with minimal power usage.
The key innovation driving this vision is the RCTnm device, a
suite of products that combine TESNOLOGY's distributed data
management technology with noco-noco's game-changing long-life and
high temperature-resistant batteries, transforming data and energy
management at the smallest household level to eventually establish
smart cities with mesh communication local networks.
At the heart of these devices lies TESNOLOGY's 'DI-Engine', a
language-centric digital system that ensures data security and
democratization of information without relying on the Internet or
cloud infrastructure that are globally responsible for 1% of
energy-related GHG emissions. In fact, a single data center can
consume up to the equivalent electricity of 50,000 homes, and by 2030, data centers are
projected to consume 13% of global
electricity.
In addition, data and privacy challenges that come with
cloud-based data storage are increasing coming under scrutiny and
regulations around the world. Amid growing concerns about data and
privacy from cloud-based solutions, the RCTnm devices will optimize
non-cloud data storage and management technologies, delivering a
holistic decarbonized battery and energy management alternatives.
The RCTnm devices redefine the
purpose of batteries, transforming them from mere energy storage
units into information and energy management hubs. These devices
enable efficient electricity consumption, facilitate energy supply
and demand forecasting, and empower citizens to actively engage in
decarbonization activities.
The technology breakthrough unlocked by this collaboration not
only simplifies sustainability efforts but also transforms
decarbonization initiatives into value generators, creating
opportunities for businesses to thrive while minimizing their
environmental impact.
Speaking about the importance of the initiative, noco-noco CEO
Masataka Matsumura said, "The value
proposition of this partnership from noco-noco's perspective is
clear: the extended lifespan of our X-SEPA™ embedded high
performing batteries, coupled with TESNOLOGY's innovative data
management capabilities, creates a synergy that transcends
traditional profit markers. These intelligent batteries could form
an ecosystem that could not only potentially reduce operational
costs for businesses in the long term but also enhance the overall
efficiency of energy systems, making them pivotal assets in the
transition toward sustainable and eco-friendly practices."
Said Dr Katsuhiko Kondo,
President of TESNOLOGY, "Embarking on this strategic business
agreement signifies noco-noco and TESNOLOGY shared determination to
revolutionize energy storage systems, enabling seamless integration
and optimization of energy usage across various applications, from
households to entire communities."
About noco-noco
noco-noco (Nasdaq symbol "NCNC") is a decarbonization solutions
provider with business portfolios across battery technology
leasing, EV sales, and carbon credits generation. Its technologies
and solutions are designed to accelerate global sustainability
transitions, meeting the needs for high-performance, high
temperature-resistant, and hassle-free electrification. Our
vision includes equipping EV batteries with IoT devices for
intelligent energy optimization, bringing clean,
affordable, and sustainable energy solutions to the forefront
of tomorrow's world. For more information on noco-noco,
visit www.noco-noco.com
About TESNOLOGY:
TESNOLOGY is an R&D group headed by Katsuhiko Kondo, the inventor of RCTnm, and
whose members are well-versed in technological development in
various fields. By combining innovative data management
technologies with fundamental technologies such as power control,
motor control, battery control, and fintech, we will enable the
creation of new value and realize the development of new products
and services through collaborations with research institutes and
companies.
For enquiries:
contactus@noco-noco.com
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subsequent to the date of this communication.
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