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SAI.TECH CEO Arthur Lee Selected into the Forbes 30 Under 30 Asia of 2022

The SAI.TECH founder celebrates his second consecutive year to be selected, after having made it onto Forbes 30 under 30 China last year

SINGAPORE, June 09, 2022 (GLOBE NEWSWIRE) — Forbes magazine officially announced the Forbes 30 Under 30 Asia Class 2022 recently – For his contributions to innovative Bitcoin mining and energy-saving solutions, Arthur Lee, the 28-year-old founder and CEO of SAI.TECH has made this year’s Forbes 30 Under 30 Asia honorees under the Industry, Manufacturing, and Energy section. Arthur was previously selected to the Forbes 30 under 30 China list in 2021, making this his second consecutive year to be mentioned on the list.

Bitcoin mining has always been controversial for the high energy consumption involved in its mining process. According to the data from CCAF (Cambridge Centre for Alternative Finance), as of April 21, 2022, the annual power consumption of global Bitcoin mining is about 137.36TWh (1TWh=10^9 kWh), which exceeds that of Sweden. Therefore, how to better solve the energy consumption problem while ensuring the stable operation of the Bitcoin network has become a significant problem facing by the industry. Having realized this issue in 2019, Arthur and his team introduced the SAIHUB solution to reduce the energy costs and carbon emissions in Bitcoin mining.

The SAIHUB solution aims to save energy costs and carbon emissions from mining activities. It innovatively combines liquid cooling technology and waste heat recovery technology together, recovers 90% of the waste heat generated from data centers while providing reliable hot water to other applications. In return, the waste heat sales income could effectively lower the energy cost of data center operations. Over the past 3 years, the solution has evolved from being able to serve small-scale residential houses to greenhouses and shopping malls. The latest SAIHUB 3.0 solution provides integrated computing, power, and heating services for over 100,000m² installations. Results from pilot projects prove SAIHUB can reduce 38% power consumption cost of Bitcoin mining while simultaneously lowering 37% carbon emissions, compared to separate operation of traditional coal boiler for heating and air-cooling mining rigs for generating bitcoin.

This year’s Forbes 30 under 30 honorees represent forward-thinking visionaries redefining the future of business and society in Asia through determination, innovation, and diligence. Over 4,000 nominees applied to be on this year’s list, and the final 300 were selected and vetted by Forbes’ reporters and a group of respected judges, including some of the most active venture capitalists and successful business leaders in the region.

To view more details about the Forbes 30 Under 30 Asia of 2022, please visit https://www.forbes.com/30-under-30/2022/asia/industry-manufacturing-energy

About SAI.TECH
SAI.TECH is an energy-saving Bitcoin mining operator and a clean-tech company that integrates the bitcoin mining, power, and heating industries. SAI.TECH uses proprietary liquid cooling and waste heat recovery technology for its digital asset mining machines, utilizing waste heat to provide recycled energy and heating to potential customers while lowering mining operating costs. SAI.TECH strives to become the most cost-efficient digital asset mining operations company globally while simultaneously promoting the clean transition of the bitcoin mining, power, and heating industries.

For more information on SAI.TECH, please visit https://sai.tech/.

Investor Relations Contact
ir@sai.tech

SAIHUB-logo

SAI.TECH Launches All-in-one Management Tool “SAIHUB” APP

SAI.TECH’s latest innovation provides SAIHUB users with all the information they need to maximize the efficiency of their bitcoin mining operations along with SAIHUB energy-saving solutions.

SINGAPORE, May 26, 2022 (GLOBE NEWSWIRE) —  SAI.TECH Global Corporation (“SAI.TECH” OR “SAI,” NASDAQ: SAI), a global energy-saving bitcoin mining operator and a clean-tech company that integrates bitcoin mining, heating, and power industries, recently launched its “all-in-one” cloud management software SAIHUB APP in the App Store, which provides SAIHUB users an integrated solution for tracking their bitcoin assets, energy consumption, and bitcoin mining information.

The SAIHUB APP features three main functions: bitcoin asset management, energy management, and mining management. The APP displays various real-time information for energy management and allows users to monitor power consumption and heating status conveniently. The APP also integrates mining management and provides users access to mainstream mining pools and blockchain browsers, removing the need to download any additional apps or browsers.

Moreover, SAIHUB APP delivers a one-stop bitcoin asset management platform for SAIHUB users to manage their bitcoin assets on their mobile phones. The APP contains a decentralized wallet for bitcoin asset management, which is open-sourced, supporting keystone and PSBT protocols. The app is also compatible with mainstream cold wallet products, allowing users to store their bitcoin in a “safe deposit box.”

Before the SAIHUB APP, users used several service tools to manage their bitcoin information. Obtaining the real-time computing power of mining machines through a web browser was cumbersome due to a lack of an integrated solution.

“Previously, miners needed to obtain information through different channels and apps, but with the SAIHUB APP, you don’t need to download any other browsers or apps,” said Arthur Lee, the CEO, and founder of SAI.TECH. “By providing users with real-time updates on asset information, mining pool dynamics, and energy consumption status, users can easily monitor their bitcoin income and manage their mining activities simultaneously. Besides, keeping temperature stable and healthy is vital for ASIC chips’ operation and mining output. On most occasions, miners can not estimate the depreciation of their mining machines under unstable temperature conditions. However, the APP allows users to monitor their SAIHUB mining datacenter’s onsite status, including both energy and heating operation parameters, which predictably improves the sustainability of their investment in bitcoin mining.”

For more details and to download the SAIHUB APP, please visit App Store.
For viewing the source code, please visit https://github.com/SAITECH-GLOBAL.

About SAI.TECH
SAI.TECH is an energy-saving bitcoin mining operator and a clean-tech company that integrates the bitcoin mining, power, and heating industries. SAI.TECH uses proprietary liquid cooling and waste heat recovery technology for its digital asset mining machines, utilizing waste heat to provide recycled energy and heating to potential customers while lowering mining operating costs. SAI.TECH strives to become the most cost-efficient digital asset mining operations company globally while simultaneously promoting the clean transition of the bitcoin mining, power, and heating industries.

For more information on SAI.TECH, please visit https://sai.tech/ .

Investor Relations Contact
ir@sai.tech

Source: https://www.globenewswire.com/news-release/2022/05/26/2450948/0/en/SAI-TECH-Launches-All-in-one-Management-Tool-SAIHUB-APP.html

Nasdaq Listed

SAI Announces Closing of Business Combination With TradeUP Global Corporation

The combined company to begin trading on the Nasdaq Stock Market on May 2, 2022 under the ticker symbols “SAI” and “SAITW”

SINGAPORE, April 29, 2022 (GLOBE NEWSWIRE) — SAI.TECH Global Corporation (“SAI.TECH” or “SAI”), a global energy-saving Bitcoin mining operator and a clean-tech company that integrates Bitcoin mining, heating and power industries, announced today that it is closing today, April 29, 2022, the previously announced business combination of SAITECH Limited and TradeUP Global Corporation (“TradeUP”).

The transaction was approved by TradeUP shareholders on April 22, 2022. In connection with the transaction, TradeUP was renamed to “SAI.TECH Global Corporation.” The Class A ordinary shares and warrants of SAI will commence trading on the Nasdaq Stock Market on May 2, 2022, under the new ticker symbols, “SAI” and “SAITW,” respectively. Such shares and warrants also reflect the continuation of the same shares and warrants of TradeUP Global Corporation under the company’s new name following the completion of its business combination with SAITECH Limited, which has become a wholly owned subsidiary of SAI.

“Today marks an important milestone for SAI. I want to start off by thanking everyone who played a part in making SAI become a global leader in the Bitcoin mining industry and a listed company on Nasdaq,” said Arthur Lee, Founder and Chief Executive Officer of SAI.TECH. “SAI is a game changer in the global Bitcoin mining industry because our innovation goes beyond Bitcoin mining. We believe our revolutionary liquid cooling and waste heat recovery technology will reshape the computing infrastructure for the Bitcoin network while simultaneously promoting the electrification and decarbonization of the world’s traditional heating industry.”

TradeUP Global Corporation’s Chairman and Co-Chief Executive Officer and the controlling owner of its sponsor, Jianwei Li, is continuing as a director of the combined company. Mr. Li has a demonstrated track record of successful venture capital investments in disruptive technologies including Cloud / SaaS / AI / Robotics / Drone / Network security. He has served as the founding and managing partner of Zhencheng Capital, a venture capital firm specializing in early-stage technology investments since 2016. In his past career, Mr. Li occupied senior positions in renowned investment institutions and consulting groups including ZhenFund, Sequoia Capital China, Fidelity Growth Partners Asia and Boston Consulting Group. He also serves as Chairman & Co-Chief Executive Officer of other special purpose acquisition companies – TradeUP Acquisition Corp., which consummated its initial public offering in July 2021; and TradeUp 88 Corp., which filed a registration statement for its initial public offering in 2021 and remains in process.

“I am very delighted to be joining SAI as a director,” said Mr. Jianwei Li. “We are firmly supportive to help SAI promote their innovative and high ESG criteria technology and operation to the global market. As one of the most attractive new asset classes, cryptocurrency, especially Bitcoin, has accelerated its institutional acceptance in recent years. However, its energy-intensive infrastructure has impeded its widespread adoption and public trust with this class of assets. SAI is the most unique Bitcoin mining operator we observed globally who has a set of mature energy-saving technology and solutions that can lead the transition of the industry to a green future.”

“By entering the global market, we will continue to make revolutionary changes in the industry,” added Arthur Lee. “We launched SAIHUB 3.0 – the next-generation Bitcoin mining integrated solutions featured by greater energy efficiency and an all-in-one cloud management APP earlier this year,” he said. “I can’t wait to see SAI’s next step as we are working together with global industry partners to build a silicon-based world driven by sustainable high-performance computing, available clean power and innovative chip heating.”

On March 28, 2022, SAI announced it has joined two international district heating associations, including Euroheat & Power (EHP) which is headquartered in Brussels, Belgium, and the International District Energy Association (IDEA) which is headquartered in Westborough, Massachusetts of the United States. SAI expects to collaborate with global leading energy and energy service companies, utilities operators, heating equipment manufacturers, universities and research institutes with support from the two organizations to promote clean heating and build a sustainable Bitcoin mining infrastructure with SAI’s unique liquid cooling and waste heat recovery expertise.

About SAI
SAI is a global energy-saving Bitcoin mining operator and a clean-tech company that integrates the bitcoin mining, power and heating industries. SAI uses proprietary liquid cooling and waste heat recovery technology for its digital asset mining machines, which utilizes waste heat to provide recycled energy and heating to potential customers while lowering mining operating costs. SAI strives to globally become the most energy-efficient digital asset mining operations company, while simultaneously promoting the clean transition of the bitcoin mining, power and heating industries. For more information on SAI, please visit https://sai.tech/.

Forward-Looking Statements
This Press Release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  SAI’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events.  Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, SAI’s expectations with respect to future performance and anticipated financial impacts of the business combination, the satisfaction of the closing conditions to the business combination and the timing of the closing. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. SAI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. SAI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact
ir@sai.tech

Source:https://www.globenewswire.com/news-release/2022/04/29/2432756/0/en/SAI-Announces-Closing-of-Business-Combination-With-TradeUP-Global-Corporation.html

Business Combination

TradeUP Global Corporation Announces Shareholder Approval of Business Combination with SAITECH Limited

TradeUP Global Corporation Shareholders Approve the Proposed Business Combination with SAITECH Limited and the Parties expect to Close by the end of April 2022

Following the Closing of the Business Combination, the Renamed Company is expected to Continue Trading on The Nasdaq Stock Market Under “SAI” and “SAIW”

NEW YORKApril 22, 2022 /PRNewswire/ — TradeUP Global Corporation (“TradeUP Global” or “TUGC”) (NASDAQ: TUGC, TUGCU, TUGCW), a publicly-traded special purpose acquisition company, announced today that its shareholders voted to approve the previously announced business combination (the “Business Combination”) with SAITECH Limited (“SAITECH” or “SAI”) , an energy-saving bitcoin mining operator and a clean-tech company that integrates bitcoin mining, heating and power industries, and all other proposals presented at TradeUP Global’s Extraordinary General Meeting held on April 22, 2022.

TradeUP Global plans to file the results of the meeting, as tabulated by an independent inspector of elections, on a Form 8-K with the Securities and Exchange Commission (the “SEC”) today.

SAITECH and TradeUP Global plan to close the Business Combination as soon as practicable, subject to the satisfaction or waiver of customary closing conditions. One business day following the closing of the Business Combination, TradeUP Global’s Class A ordinary shares and warrants  are expected to trade on The Nasdaq Stock Market LLC under the new ticker symbols “SAI” and “SAIW” respectively.

Arthur Lee, SAI Founder and CEO, commented, “We are very excited to have achieved this milestone which will officially lead SAI to becoming a public company on the Nasdaq Stock Market. For the past two years, many crypto mining companies have become public. Essentially, these crypto mining companies are fast-growing High-Performance Computing (HPC) datacenter operators, and they have a strong incentive to adopt clean power and more efficient liquid cooling solutions. SAI joins the industry with its unique liquid cooling expertise and unparalleled waste heat recovery capabilities for large-scale heating applications. We will focus on promoting our innovation globally to lay out a more sustainable infrastructure across bitcoin mining, power and heating industries.”

About SAITECH

SAITECH is a Eurasia-based energy saving digital asset mining operator that engages in the hosting of bitcoin mining machines for its clients. SAITECH uses a proprietary liquid cooling and waste heat recovery technology for digital asset mining machines that enables utilization of waste heat to provide recycled energy heating for potential customers while achieving lower mining operating costs. SAITECH strives to become the most cost-efficient digital assets mining operation company globally while simultaneously promoting the clean transition of the bitcoin mining industry.

About TradeUP Global Corporation

TradeUP Global Corporation, is a Cayman Islands exempted company incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. For more information, please click here.

About the Business Combination

As of the closing of the Business Combination, SAITECH and TradeUP Global will combine, with TradeUP Global being renamed “SAI.TECH Global Corporation” and its Class A ordinary shares continuing to be listed on The Nasdaq Stock Market under the new ticker symbol “SAI”.

Forward-Looking Statements

This Press Release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  TradeUP Global’s and SAITECH’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events.  Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.  These forward-looking statements include, without limitation, the Company’s and SAITECH’s expectations with respect to future performance and anticipated financial impacts of the business combination, the satisfaction of the closing conditions to the business combination and the timing of the closing.  These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.  Most of these factors are outside the Company’s and SAITECH’s control and are difficult to predict.  Factors that may cause such differences include, but are not limited to:  (1) the outcome of any legal proceedings that may be instituted against the Company and SAITECH following the announcement of the business combination agreement and the transactions contemplated therein; (2) the inability to complete the business combination, including due to failure to obtain approval of the shareholders of the Company, approvals or other determinations from certain regulatory authorities, or other conditions to closing in the business combination agreement; (3) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement or could otherwise cause the transactions contemplated therein to fail to close; (4) the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the business combination; (5) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of the combined company to grow and manage growth profitably and retain its key employees; (6) costs related to the business combination; (7) changes in applicable laws or regulations; (8) the possibility that SAITECH or the combined company may be adversely affected by other economic, business, and/or competitive factors; (10) the impact of COVID-19 on SAITECH’s business and/or the ability of the parties to complete the business combination; and (11) other risks and uncertainties indicated from time to time in the definitive proxy statement/prospectus relating to the business combination, including those under “Risk Factors” in the definitive proxy statement/prospectus, and in the Company’s other filings with the SEC.  The Company cautions that the foregoing list of factors is not exclusive.  The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.  The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

SOURCE TradeUP Global Corporation

Link: https://www.prnewswire.com/news-releases/tradeup-global-corporation-announces-shareholder-approval-of-business-combination-with-saitech-limited-301531368.html

 

energy operator

TradeUP Global Corporation and SAITECH Limited Announce Effectiveness of Registration Statement and April 22, 2022 Extraordinary General Meeting to Approve the Proposed Business Combination

All owners of TUGC ordinary shares as of March 9, 2022 are encouraged to vote their shares FOR the proposed business combination.

NEW YORKApril 1, 2022 /PRNewswire/ — TradeUP Global Corporation (“TradeUP Global” or “TUGC”) (Nasdaq:TUGC, TUGCW, TUGCU), a publicly traded special purpose acquisition company, and SAITECH Limited (“SAITECH”), an energy-saving bitcoin mining operator and a clean-tech company that integrates bitcoin mining, heating and power industries, today announced that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective TradeUP Global’s registration statement on Form F-4 (File No. 333-260418) relating to the previously announced proposed business combination of TUGC and SAITECH (the “Business Combination”).

TradeUP Global will mail TUGC shareholders as of March 9, 2022 (the “Record Date”) the definitive proxy statement/prospectus relating to the Extraordinary General Meeting of TradeUP Global Shareholders (the “Extraordinary General Meeting”), to be held on April 22, 2022 at 9:00 am ET. Shareholders are encouraged to vote in advance of the Extraordinary General Meeting and will have until April 21, 2022 at 11:59 pm ET to do so. Voting in advance is easy and can be done in one of three ways: online, via telephone or by mail. All TradeUP Global shareholders entitled to vote at the Extraordinary General Meeting are encouraged to vote their shares via proxy in advance of the Extraordinary General Meeting by following the instructions on the proxy card.

“This opens a great year ahead for the company,” Arthur Lee, Founder and CEO of SAITECH, commented. “As a Nasdaq listed public company, SAI can build on the momentum to unlock a sustainable future for global Bitcoin mining industry. With support from this business combination, SAI is ready to execute its global growth strategies and fulfill its mission to provide sustainable mining, available power and innovative heating to the world – this is always our aspiration since establishment.”

Details of the Extraordinary General Meeting

The Extraordinary General Meeting to approve the pending Business Combination between TradeUP Global and SAITECH Limited, among other items, is scheduled for April 22, 2022, at 9:00 am ET. The Extraordinary General Meeting will be held at 437 Madison Avenue, 27th Floor, New York, New York and virtually via live webcast at https://www.virtualshareholdermeeting.com/TUGC2022SM. Holders of TradeUP Global ordinary shares as of the close of business on the Record Date may vote at or before the Extraordinary General Meeting and are encouraged to vote before 11:59 pm ET on April 21, 2022.

TradeUP Global has filed with the SEC a definitive proxy statement/prospectus relating to the Extraordinary General Meeting and will mail the proxy statement/prospectus to shareholders of TradeUP Global as of the Record Date.

TradeUP Global shareholders can vote their shares in advance of the Extraordinary General Meeting online, via telephone or by mail. TradeUP Global shareholders who need assistance voting or have questions regarding the Extraordinary General Meeting may contact TradeUP Global’s proxy solicitor, D.F.King, toll-free at (866)406-2284 or email at TUGC@dfking.com.

If the Business Combination and related proposals are approved by the TradeUP Global shareholders at the Extraordinary General Meeting, the parties anticipate the Business Combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions.

Upon the closing of the Business Combination, TradeUP Global will be renamed SAI.TECH Global Corporation and the Business Combination will result in SAITECH becoming a direct, wholly-owned subsidiary. The parties expect that the Class A common stock and warrants of the combined company will be listed on the Nasdaq under the ticker symbols “SAI” and “SAITW” respectively.

About SAITECH
SAITECH is an energy saving bitcoin mining operator and a clean-tech company headquartered in Singapore that integrates the bitcoin mining, power and heating industries. SAITECH uses proprietary liquid cooling and waste heat recovery technology for its digital asset mining machines, which utilizes waste heat to provide recycled energy and heating to potential customers while lowering mining operating costs. SAITECH strives to globally become the most cost-efficient digital asset mining operations company, while simultaneously promoting the clean transition of the bitcoin mining, power and heating industries.

For more information on SAITECH, please visit https://sai.tech/.

About TradeUP Global

TradeUP Global Corporation (Nasdaq: TUGC) is a blank check company formed as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  TradeUP Global’s and SAITECH’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, TradeUP Global’s and SAITECH’s expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction of the closing conditions to the proposed business combination and the timing of the closing. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside TradeUP Global’s and SAITECH’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to : (1) the outcome of any legal proceedings that may be instituted against TradeUP Global and SAITECH following the announcement of the business combination agreement and the transactions contemplated therein; (2) the inability to complete the proposed business combination, including due to failure to obtain approval of the shareholders of TradeUP Global, approvals or other determinations from certain regulatory authorities, or other conditions to closing in the proposed business combination; (3) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement or could otherwise cause the transactions contemplated therein to fail to close; (4) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; (5) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of the combined company to grow and manage growth profitably and retain its key employees; (6) costs related to the business combination; (7) changes in applicable laws or regulations; (8) the possibility that SAITECH or the combined company may be adversely affected by other economic, business, and/or competitive factors; (10) the impact of COVID-19 on SAITECH’s business and/or the ability of the parties to complete the business combination; and (11) other risks and uncertainties indicated from time to time in the definitive proxy statement/prospectus relating to the business combination, including those under “Risk Factors” in the definitive proxy statement/prospectus and in TradeUP Global’s other filings with the SEC. TradeUP Global cautions that the foregoing list of factors is not exclusive. TradeUP Global cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. TradeUP Global does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based

Important Additional Information

This communication may be deemed solicitation material in respect of the proposed business combination between TradeUP Global, TGC Merger Sub and SAITECH. This communication does not constitute a solicitation of any vote or approval. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed business combination, on October 21, 2021 TradeUP Global filed a Registration Statement on Form F-4 (as amended, the “Registration Statement”) with the SEC, which includes a preliminary prospectus and preliminary proxy statement. TradeUP Global has also filed a definitive proxy statement/prospectus and may file other documents with the SEC regarding the proposed business combination. TradeUP Global will mail the definitive proxy statement/prospectus and other relevant documents to its shareholders. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that TradeUP Global will send to its shareholders in connection with the proposed business combination. Investors and security holders of TradeUP Global are advised to read, when available, the proxy statement/prospectus in connection with TradeUP Global’s solicitation of proxies for its extraordinary general meeting of shareholders to be held to approve the proposed business combination (and related matters) because the proxy statement/prospectus will contain important information about the proposed business combination and the parties to the proposed business combination. The definitive proxy statement/prospectus will be mailed to shareholders of TradeUP Global as of the record date established for voting on the proposed business combination. TradeUP Global’s shareholders will also be able to obtain copies of the proxy statement/prospectus, without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: TradeUP Global Corporation, 437 Madison Avenue, 27th Floor, New York, New York 10022, (732) 910-9692.

Participants in the Solicitation

TradeUP Global and its directors and executive officers may be deemed participants in the solicitation of proxies from TradeUP Global’s shareholders with respect to the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in TradeUP Global is contained in TradeUP Global’s final prospectus filed with the SEC on April 30, 2021, and is available free of charge at the SEC’s web site at sec.gov, or by directing a request to TradeUP Global Corporation, 437 Madison Avenue, 27th Floor, New York, New York 10022, (732) 910-9692. Additional information regarding the interests of such participants is included in the definitive proxy statement/prospectus.

SAITECH and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of TradeUP Global in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination is included in the definitive proxy statement/prospectus.

No Offer or Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of TradeUP Global or SAITECH, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

Media Contact
Zoya Ji
zoyaj@sai.tech

SOURCE: TradeUP Global Corporation https://www.prnewswire.com/news-releases/tradeup-global-corporation-and-saitech-limited-announce-effectiveness-of-registration-statement-and-april-22-2022-extraordinary-general-meeting-to-approve-the-proposed-business-combination-301515745.html

 

EHP&IDEA

SAITECH Joins Two International District Heating Associations: Euroheat & Power (EHP) and The International District Energy Association (IDEA)

SAITECH to collaborate with global leading energy and energy service companies, utilities operators, heating equipment manufacturers, universities and research institutes through the two associations to promote clean heating with Bitcoin’s innovation and SAITECH’s liquid cooling expertise.

SINGAPORE, March 28, 2022 — SAITECH Limited (“SAITECH” or the “Company”), an energy-saving bitcoin mining operator and a clean-tech company that integrates bitcoin mining, heating and power industries, headquartered in Singapore, today announced it has joined two nonprofit international district heating associations, including Euroheat & Power (EHP) which is headquartered in Brussels, Belgium, and the International District Energy Association (IDEA) which is headquartered in Westborough, Massachusetts of the United States. Both organizations have extensive experience and network in global district heating and cooling associations, leading energy and energy service companies, utilities operators, equipment manufacturers and suppliers, universities, research institutes and consultancies who are actively promoting sustainable heating & cooling and decarbonization of this sector.

EHP is one of the major heating and power industry associations in Europe and has over 130 membership organizations including most energy and energy service key players across European countries, such as ENGIE (France), E.ON (German), Vattenfall (German), Fortum (Finland), SVP (Netherlands), VEKS (Denmark), Alperia (Italy), and world leading heating & cooling equipment engineering and manufacturer groups such as Siemens (Switzerland), ABB (Denmark), Danfoss (Denmark), Uponor (Finland), Vexve (Finland), Veolia (France) etc. EHP is in active dialogue with EU energy policy makers and advises its members on all relevant EU policy developments and work to drive forward the sustainable heating and cooling in Europe and beyond.

IDEA is a nonprofit industry association founded in the United States in 1909. It has a membership of over 2,400 industry professionals representing more than 30 countries around the world and from across the district energy industry. IDEA leads the members’ efforts on providing reliable, economical, efficient, and environmentally sound district heating, district cooling, and combined heat and power. Its membership organizations have covered most leading heating & cooling equipment manufacturers, utility companies, campus energy systems, and service providers specially in the United States and Canada, including AB Holdings, AECOM, Aecon Utilities, Akron Energy Systems, Archaea Energy, Cummins, Daikin Applied, Johnson Controls, NextEra Energy Resources, Siemens Energy, Unison Energy, Veolia North America, Vicinity Energy etc.

“We are excited to join the membership of these two reputable and influential global district heating organizations,” said Mr. Arthur Lee, Founder and CEO of SAITECH. “An overlooked fact is that heating is actually the world largest energy end-user consuming almost 50% of global final energy, which is significantly more than electricity (20%) and transport (30%). It also produces 40% of global carbon dioxide emissions. The emerging high-performance computing (HPC) datacenters, with Bitcoin mining as the fastest growing type, brings both challenges and opportunities to players in traditional heating & cooling and power industries globally and we look forward to share with them our innovative SAIHUB CAB which offers a negative Green Premium solution that can truly drive forward the heating industry’s decarbonization.”

SAITECH expects to collaborate with global leading energy and energy service companies, utilities operators, heating equipment manufacturers, universities and research institutes with support from the two organizations to promote clean heating with Bitcoin’s innovation and SAITECH’s liquid cooling expertise. On March 16, 2022, the Company announced to stream its first annual corporate event SAI TIME 2022 virtually on March 30, 2022 to introduce key features of SAIHUB 3.0 — the Company’s integrated solutions and products that are being launched in the global bitcoin mining, heating and power markets to improve energy efficiency across the three industries. For more information or registration of the event, please visit https://sai.tech/sai-time-2022/

SAI TIME 2022头图

SAITECH to Stream First Annual Corporate Event SAI TIME 2022

SAI to unveil the future of sustainable mining, available power and innovative heating and introduce its integrated SAIHUB 3.0 solution in this corporate event

SAITECH Limited (“SAITECH” or the “Company”), an energy-saving Bitcoin mining operator and a clean-tech company that integrates Bitcoin mining, heating and power industries, headquartered in Singapore, today announced its inaugural corporate annual virtual event, SAI TIME 2022, taking place virtually on March 30, 2022.

SAI TIME 2022 Online Stream Details

Mr. Arthur Lee, Founder and CEO of SAITECH, will be hosting and presenting at the virtual event. In his keynote speech, he will discuss SAITECH’s corporate mission, organizational structure, developing philosophy and business strategies for the future of sustainable mining. In addition, he will introduce key features of SAIHUB 3.0 — the Company’s integrated solutions and products that are being launched in the global Bitcoin mining, power and heating markets to drive greater energy efficiency across the three industries. At the end of the virtual event, SAITECH’s existing financial investors will present to share their greetings with the Company in the new year.

SAI TIME 2022 is the marker event of year 2022 for SAI. It is a reflection of impact, a way to capture meaningful moments on our path, a chance to recognise the people who supported and inspired us, and most importantly, an opportunity to share our revolutionary vision with the Bitcoin mining industry and the world.

“As we are launching this inaugural corporate annual virtual event, we would like to take a moment to talk about how we will make 2022 a revolutionary year not only for SAI, but for the Bitcoin mining industry entirely. With the advent of web 3.0, we have great challenges and great opportunities ahead of us, let’s take the chalice of opportunity and usher in the new era of green cryptocurrency with SAI.” – Arthur Lee

For more details and register with SAI TIME 2022 virtual event, please visit: https://sai.tech/sai-time-2022/