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SummitIG and Neutral Networks Launch SierraIG, a Joint Venture Focused on Constructing New Custom Dark Fiber Network Infrastructure in Mexico

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SierraIG plans to invest $50m USD in the coming years to support the region’s growing data center and hyperscale cloud demand The government of Querétaro states that the establishment of SierraIG confirms the state’s position as a hub for technology investmentSierraIG anticipates an unprecedented demand for a unique and dense dark fiber footprint in Mexico

MEXICO CITY, Sept. 4, 2024 /PRNewswire/ — SierraIG, a joint venture between SummitIG and Neutral Networks, is excited to establish a pure-play dark fiber infrastructure provider in Mexico that is committed to building purpose-built and underground dense fiber infrastructure in key data center markets throughout Mexico starting with the Querétaro and Monterrey markets. SummitIG will hold a majority stake in SierraIG, marking its first operations outside of the United States.

SierraIG will utilize the current fiber assets to data centers from Neutral Networks and has plans to expand its network infrastructure platform to 750 km, with an investment of $50m USD. SierraIG will provide custom dark fiber connectivity solutions between data centers for hyperscalers, cloud and content service providers, large enterprises, and both national and international carriers in Mexico. The network will provide unparalleled quality through unique and diverse routes, backed by a team with over 30 years of industry experience.

For the first time in Mexico’s history, data center operators and hyperscalers are investing billions of dollars in the region, and will need new, scalable and highly reliable network infrastructure to meet their connectivity demands.

“SierraIG aligns the best-in-class resources and relationships across both organizations, SummitIG will provide growth capital and deep understanding of architecting and constructing critical digital infrastructure assets while Neutral Networks will provide local expertise and knowledge in delivering and operating networks in the region,” said Sunny Kumar, CEO of SummitIG. “We are thrilled to partner with Neutral Networks on this venture and be a catalyst for data center growth in Mexico.”

In addition, the head of the Ministry of Sustainable Development (SEDESU) of the State of Querétaro, Marco Antonio Del Prete Tercero, stated that, “Querétaro has become the Valley of Data Centers, which are facilities that require underground, diverse and reliable fiber optic networks for their operations. The creation of SierraIG by Neutral Networks and SummitIG contributes to the infrastructure and connectivity needs demanded by companies in the sector. Furthermore, this project confirms Querétaro’s position as an attractive state for investment in technology.”

“Mexico has an unprecedented opportunity to establish itself as one of the major Data Center hubs in Latin America, and both industry and government officials need to work together to make this happen. With SummitIG’s proven track record of designing and managing dense dark fiber infrastructure platforms, we are very pleased to partner with SummitIG and capitalize on this generational opportunity in the country,” said Gabriel Navarro, CEO of Neutral Networks. 

“We will continue to strengthen relationships with all stakeholders to make this happen, including the different governmental agencies responsible for granting permits, as they are crucial for the timely execution of the data center ecosystem, enabling hyperscalers and data center operators to activate their significant investments,” concluded Navarro.

About Neutral Networks
Neutral Networks is a Mexican company focused on providing 100% neutral connectivity to carriers, service providers, and operators. It offers turnkey infrastructure services for the telecommunications market, including dark fiber leasing, lit fiber, Internet, and long-distance fiber solutions. Its mission is to bridge the significant gap between infrastructure and consumer demand, helping our country become one of the best-connected nations in the world. Learn more at https://neutralnetworks.mx

About SummitIG
SummitIG is the leading pure play dense dark fiber infrastructure provider. The company designs, constructs and operates custom and purpose-built dark fiber connectivity essential to the digital economy. SummitIG’s unmatched approach to network architecture and fiber density along unique routes across its network platform enables hyperscale cloud providers, carriers, data center operators and enterprises to seamlessly connect mission-critical data center and cloud computing environments. For more information, please visit www.summitig.com.

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SOURCE SummitIG

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SINEXCEL and FastCharge.me Forge Partnership for EV Charging Solutions

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September 14, 2024

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ANAHEIM, Calif., Sept. 14, 2024 /PRNewswire/ — SINEXCEL, a well-established global supplier of energy storage and EV charging solutions, has signed a strategic partnership with FastCharge.me Inc. (“FCME”) at RE+ 2024. This collaboration aims to expand the deployment of innovative EV charging solutions to the growing EV market in America.

Under the agreement, SINEXCEL will supply a range of EV charging products and solutions to FCME upon request, enhancing FCME’s charging infrastructure and expanding its network across America.

“We chose to partner with SINEXCEL for their EV charging solutions because of their strong, nearly 20-year, foundation in power electronics and their deep expertise in the EV charging and Energy Storage sectors,” said Moshe Becker, CEO and Co-Founder of FCME. “We have full confidence in their robust and enduring technologies, capabilities and capacities in the global EV charging market. We are excited about the high performance and reliability of charging experiences these charging solutions will offer to our customers, and we look forward to introducing more innovative solutions through this collaboration.”

Derek Leng, General Manager of SINEXCEL North America, added, “We are thrilled to partner with FCME and all the related parties. FCME has a very in-depth market understanding and insights, strong technical capabilities and visionary foresight. This collaboration aligns perfectly with our goals and visions of bringing exceptional EV charging solutions and customer experiences to the North American EV charging market.”

This partnership marks a significant step forward in the mission to advance EV infrastructure, ensuring that SINEXCEL and FCME are at the forefront of delivering superior charging solutions that meet the evolving needs of American customers and end-users.

Since 2007, SINEXCEL has been dedicated to power electronics, Energy Storage and EV charging solutions. Expanding its reach to over 60 countries, SINEXCEL invests over 10% of its revenue into R&D, driving innovation and the development of reliable, high-quality products and solutions. As a trusted partner of global EV charging market leaders like Shell and BP, SINEXCEL is set to make a significant impact in the U.S. market through its collaboration with FCME and other business partners, paving the way for a more sustainable and greener future.

Contact:
FastCharge.me
Stephanie McGreevy, COO
stephanie@fastcharge.me

SINEXCEL 
Melody Yu, Marketing Manager
hongxia_yu@sinexcel.com 

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SOURCE SINEXCEL

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2024 China-MENA Intelligent Transportation Development and Cooperation Conference (Dubai) Will Be Held Soon

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September 14, 2024

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DUBAI, UAE, Sept. 14, 2024 /PRNewswire/ — The year 2024 marks the 40th anniversary of the establishment of diplomatic relations between China and Arab states. It is an important node for China-Arab relations to continue with the past and open up the future. In order to continuously strengthen the alignment of the development strategies of the transportation industry between China and the MENA region, and promote innovative cooperation in science, technology, finance and industries in the field of intelligent transportation, China Intelligent Transportation Association (ITS China), as the only national level social organization representing Chinas intelligent transportation industry and facing the world, will organize and hold the 2024 China-MENA Intelligent Transportation Development and Cooperation Conference (hereinafter referred to as the “Conference”) in Dubai on 18th September 2024.

With the theme of “Sharing and Matchmaking”, the Conference will set up sessions such as keynote speeches, cooperation and exchanges, matchmaking negotiations and technical product display around the three major building blocks including urban intelligent transportation construction, intelligent networked new energy vehicles, smart logistics and public travel, so as to provide participants with market development consultation and resource matchmaking services and the opportunities for in-depth exchanges and matchmaking with relevant institutions in the MENA region, and promote practical project cooperation and implementation.

The Conference has received strong support from relevant departments of China, United Arab Emirates, Oman, Saudi Arabia, Iran and other countries. More than 1,000 representatives from enterprises and institutions such as Shenzhen Urban Transport Planning Center Co., Ltd. ( SUTPC) , Sunland Technology Co. Ltd., CATARC, Zhong’anlianke Technology and Beijing ICE TECH will be invited to actively participate in the Conference.

As the only nationwide non-profit social organization specializing in intelligent transportation in China, ITS China is committed to establishing communication channels in the field of intelligent transportation at home and abroad, and promoting the exchange of technologies and industries in the field of intelligent transportation. The 2024 China-MENA Intelligent Transportation Development and Cooperation Conference will certainly build a professional platform for dialogue and cooperation among relevant institutions in the transportation industry of China and MENA. The Conference will become an annual grand event for precise matchmaking of scientific and technological innovation needs and sharing of successful experiences. We will share the scientific and technological innovation achievements of intelligent transportation with relevant institutions of the countries along Belt and Road Initiative (BRI) routes to jointly promote the rapid development of intelligent transportation and create a better future for transportation!

View original content:https://www.prnewswire.co.uk/news-releases/2024-china-mena-intelligent-transportation-development-and-cooperation-conference-dubai-will-be-held-soon-302248350.html

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Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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September 14, 2024

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RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.

Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).

The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.

The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.

To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.

SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.

The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.

Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.

The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.

The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:

“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”

He added:

“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.” 

The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.

Media@GlobalAISummit.org

Photo – https://mma.prnewswire.com/media/2505796/SDAIA.jpg

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SOURCE The Saudi Data & Artificial Intelligence Authority (SDAIA)

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