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Hydro66 Announces New AI Cloud Customer

newsfilecorp

Boden, Sweden–(Newsfile Corp. – March 4, 2020) – Hydro66 Holdings Corp. (CSE: SIX) (OTCQB: HYHDF) (“Hydro66” or the “Company”), the ultra-low emissions cloud infrastructure provider, is delighted to announce a new Artificial Intelligence (AI) cloud computing customer, offering services from their award-winning Boden data center. Puzl, an Estonia-based AI company brings a new technical and economic proposition to the AI community – container as a service cloud computing at a market beating price.

Nik Paushkin, founder and CEO of Puzl said “It’s increasingly obvious that all industries must take advantage of AI and ML (Machine Learning) or fall behind more nimble competitors. However, there are significant barriers for all except the most expert developers to do so. Puzl are democratising and simplifying the user experience with ‘GPU as code’, bringing a new price point and container-based functionality to the general developer community.”

Estonia is rapidly emerging as the AI centre of Europe with strategic government support and funding for numerous public and private sector initiatives. These include prediction modelling for road traffic, job seekers, healthcare needs and many more.

David Rowe Hydro66 CEO said “Our Enterprise-grade facility in the north of Sweden is an ideal location for High Performance Computing activities with our combination of industry leading ultra-low carbon emissions and attractive pricing models. Puzl are a highly innovative AI infrastructure company that we believe are set to grow rapidly with their containerised software driven platform and an ideal fit for our hugely scalable facility in Boden.”

About Puzl

Puzl is a new-generation Container as a Service platform, resulting from their vision on cloud computing. Puzl empowers a true cloud usage “pay only for running containers” model, without any VM layer or cluster administration, but with access to scale GPU clusters via Kubernetes API. With a few clicks in a simple GUI, developers can train and deploy AI and ML models using many popular frameworks such as TensorFlow, Pytorch or Keras.

To learn more about Puzl, please visit https://puzl.ee/ or email contact@puzl.ee.

FOR MORE INFORMATION, PLEASE CONTACT:

Paul Morrison
Chief Commercial Officer, Hydro66
paul.morrison@hydro66.com

Jason Atkinson
Director, Corporate Development
jason.atkinson@hydro66.com

About Hydro66

Hydro66 owns and operates an award-winning colocation data center in Sweden specializing in High Performance Computing (“HPC”) hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at amongst the EU’s lowest power prices and within an ISO27001 accredited facility.

Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise colocation data center market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden. www.hydro66.com

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53145