Appoints Steven Arenal as President, Chief Executive Officer, and Member of the Board of Directors
Santa Ana, CA., Dec. 04, 2024 (GLOBE NEWSWIRE) -- TipMeFast, Inc. (OTC: TMEF) today announced the closing of its acquisition of Lucent, Inc., a company specializing in applying AI technology in the clean energy storage sector.
With this acquisition, TipMeFast, Inc. will retain Lucent President and CEO Steven Arenal, who brings nearly 22 years of international finance expertise. Mr. Arenal specializes in corporate consulting, corporate finance, and M&A and focuses primarily on mid-sized companies looking to expand internationally. Mr. Arenal has been president and CEO of Lucent, Inc. since its inception and was integral in facilitating the acquisition.
Steven Arenal commented, "Closing this acquisition is the gateway for Lucent's accelerated growth, and we're very excited to pool our resources and execute." Mr. Arenal said, "Lucent now can leverage equity for expansion and apply its recently acquired technologies to the EV charger sector."
Lucent's mission is to revolutionize the AI data center and cloud computing industry with an AI applications platform and harness the power of clean energy. With offices in Irvine, CA, and Taipei, Taiwan, Lucent is committed to providing sustainable, reliable, high-performance solutions that empower businesses and public sectors to thrive digitally. Through collaboration and partnership with governments, businesses, and communities and unwavering dedication to environmental responsibility, Lucent strives to create a brighter, cleaner future for all.
TipMeFast, Inc. has initiated the process of applying for a name change to Lucent, Inc.
Lucent engages in sustainable business practices and supports all 17 of the UN's Sustainable Development Goals.
Further information on Lucent can be found at https://www.lucentlabs.ai.
About Lucent Inc.:
Lucent's mission is to revolutionize the AI data center and cloud computing industry through AI application platforms and harnessing the power of clean energy. With offices in Irvine, CA, and Taipei, Taiwan, Lucent is committed to providing sustainable, reliable & high-performance solutions that empower businesses and public sectors to thrive in a digital world. Through collaboration & partnership with governments, businesses, and communities, and unwavering dedication to environmental responsibility, Lucent strives to create a brighter, cleaner future for all.
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