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DTE is featured in the January/February 2021 edition of International ALUMINIUM Journal, the longest established professional journal for the aluminum industry and distributed worldwide, covering all facets of the aluminum value chain.

The purpose of the MOU is to confirm Rio Tinto ISAL and DTE’s intent to engage in a long-term, win-win, value creation, strategic collaboration agreement around the field testing and deployment of DTE’s real-time intelligence from liquid metals solution in Rio Tinto ISAL primary smelter’s operations.

“…We have been monitoring closely from the beginning the progress that DTE has made with their elemental analysis solution…” says Einar Aron Einarsson, the Electrolysis Manager at Rio Tinto ISAL. “…We are very pleased to test DTE’s solution in our potlines, and it will be exciting to realize its full benefit. We see much potential in getting real-time chemical composition analysis from our process, not only in terms of time-saving and higher productivity but also in terms of safety for our employees…” finishes Mr. Einarsson.

The collaboration agreement aims to:

• Pursue the purpose of both companies
• Create value for all the related stakeholders
• Contribute to the profitable and sustainable growth of both organizations
• Drive people’s upskilling, personal and professional development, and transformation
• Accelerate the digital transformation towards Industry 4.0 and beyond
• Contribute to Iceland’s economic growth and position it as a powerhouse in innovation, start-up development, industrial efficiency, sustainability, safety, and digitization.

“…We are very pleased to sign this MoU…” says Diego Areces, DTE’s Chief Commercial Officer. “…We cannot thank enough the support that Rio Tinto ISAL has given us for us to validate our solution on the field…” continues Mr. Areces. “…We look forward to the next step, which is about creating tangible business value for Rio Tinto ISAL maximizing sustainability, safety, and efficiency through the deployment of DTE’s solution along the value chain…”. “…We are convinced that collaborations like this one not only generate value for both companies but also have a very positive impact on Iceland’s economy and the development and well-being of its people…” finishes Mr. Areces.

Rio Tinto ISAL and DTE will continue evaluating and deploying the solution on the ground, measuring and communicating its benefits, and ensuring that they fulfill the MoU’s.

About DTE

Based in Reykjavik, Iceland, DTE is a leading innovator in the field of real-time intelligence from liquid metals, helping customers maximize value, efficiency, safety, and sustainability.

DTE’s vision is to transform the metals industry, driving its digital transformation towards Industry 4.0 with the next-generation of connected sensors and analytics while contributing to the 1.5-degree challenge.

DTE’s real-time intelligence from liquid metals solution combines first-in-industry LP-LIBS™ (Liquid-Phase Laser-Induced Breakdown Spectroscopy) chemical composition analysis with a machine learning-based cloud platform, the foundation of DTE’s metals production ecosystem, to deliver valuable intelligence and predictive insights from liquid metals across the entire value chain.

For more information, please visit www.dte.ai.

REYKJAVIK, ICELAND – March 1, 2021 – DT Equipment ehf. (“DTE”) (www.dtequipment.com), the market leader in real-time intelligence from liquid metals, is pleased to announce the signature of a Memorandum of Understanding (MoU) with Rio Tinto ISAL.

DTE, a leader in real-time business and operational intelligence from liquid metals, has

brought to the market a solution that combines real-time chemical composition analysis of liquid metals with an ML-based cloud platform, the foundation of a metals production eco-system. DTE’s solution maximizes value, operation efficiency, sustainability and safety by optimizing the vertical functional operations along the complete horizontal value chain.

The value that the solution brings to the metals industry is vast and goes from point value

– value-focused in a particular part of the process – to an all-across optimization, from suppliers to customers, from the plant floor to the trading desks. We summarize it as ‘faster, better products to market’.

The benefits are the following:

• Having more meaningful and actionable data, immediately available, from the core element in the process – in this case, the flowing product being manufactured: molten aluminium – in the form of intelligent information not only improves the decision-making process but also increases a company’s valuation considering that data is a new asset class.
• There is an overall increase in the ‘return on capital employed’ driven by improved production planning – defined by the finished product being demanded and therefore manufactured – and the knowledge of the product status along the value chain.
• Real-time, frequent, chemical composition analysis from liquid metal provides detailed information about the melt dynamics which enables fine-tuning of the alloying process.
• Increasing the chemical composition analysis frequency (faster, in more points along the value chain) increases the availability, quality and traceability of the manufactured product.
• Greenhouse gas emissions and energy consumption are reduced because processes governed by time, volume or experience due to the limitations of the current chemical composition analysis technology will be controlled by real-time information to be controlled; an example of this is the treatment of alloys in the furnaces.
• More, faster and more accurate data offers the possibility to generate better predictiveinsights and therefore execute predictive maintenance, avoiding significant process and safety challenges. An example is the case of sudden electrolysis pot bursts.
• The cost of analyzing chemical composition (people, associated assets, consumablesand others) decrease, considering the apparent differences of analyzing liquid metal in-situ versus analyzing a solid in a remote or nearby laboratory.
• Safety is increased as operators no longer have to sample and cast liquid metal and do not have to walk through the plant to carry samples to the labs.

DTE’s intelligence from liquid metals solution includes three major components:

• • Connected, real-time elemental analysis.
  • A metals production eco-system that enables a network effect, whose engine is DTE’s ML-based cloud platform.
  • A comprehensive set of digital elemental analysis services, including field, change management and business optimization services, among others.

The January/February issue of the International ALUMINUM Journal full article is available for subscribers at: www.alu-web.de

For a copy of the editorial published, please, make a request by sending an email to contact@dte.ai

During the upcoming TMS2021 Virtual Annual Meeting and Exhibition, to happen between March 15 to March 18, 2021, DTE’s Chief Scientific Officer (CSO) Dr. Kristjan Leosson will present two research papers: “Automated Chemical Analysis of Liquid Aluminum for Process Control” and “Instant Monitoring of Aluminum Chemistry in Cells Using a Portable Liquid-Metal Analyzer”.

The research paper “Automated Chemical Analysis of Liquid Aluminum for Process Control”, will be presented on Tuesday, March 16, 2021, at 3:25 PM US Eastern.

The research paper “Instant Monitoring of Aluminum Chemistry in Cells Using a Portable Liquid-Metal Analyzer”, will be presented on Thursday, March 18, 2021, at 2:00 PM US Eastern.

These two presentations are part of TMS2021’s Virtual Technical Program.

The Minerals, Metals & Materials Society (TMS) is a professional association that connects minerals, metals, and materials scientists and engineers who work in industry, academia, and government positions around the world.

https://www.tms.org/TMS2021

For more information, please contact:

REYKJAVIK, ICELAND – 16 February 2021

DTE ehf. (DTE) (www.dte.ai), a leader in real-time intelligence from liquid metals and developer of next-generation analytics for metals production and processing, is pleased to announce the appointment of Mr. Diego Areces as Chief Commercial Officer (CCO). His hire marks the latest in a series of appointments designed to further strengthen the DTE executive team and ensure that the company has the strategic, commercial and technical capabilities required for the next stage of its growth.

Commenting on the new appointment, Karl Matthiasson, CEO of DTE said, “I am very pleased to welcome Diego to our expanding executive team. His vast industry knowledge and extensive commercial experience will be indispensable, and we are delighted to have him on board as we continue the next stage of our journey.”

Mr. Areces who has 25 years’ experience in the industrial automation field, joins DTE to lead its commercial activities after a long tenure at Schneider Electric, where he held the position of Industrial Automation Networks Leader, Mining, Minerals, and Metals President and Process Automation North Asia Hub Leader, responsible for driving growth, transformation, and innovation. He will focus on bringing DTE’s breakthrough innovations in the metals analytics field to market and developing strategic relationships with customers and significant stakeholders.

“I am thrilled to join DTE, a great team of talented professionals on its way to transform a whole industry thanks to its breakthrough innovation”, added Mr. Areces, “It is clear from my decades of working in the metals processing field that DTE’s real-time analytics and intelligence capabilities represent a significant breakthrough which offers a genuine opportunity to transform the way producers operate. I am focused on maximizing growth, value, sustainability, safety, and efficiency for all stakeholders, developing strategic relationships, and deploying business-driven technology and innovation; I look forward to an exciting new phase where there are no limits to what we can accomplish.

Mr. Areces is one of the early pioneers of Industry 4.0, leading the deployment of internet technologies in industrial devices during the early 2000s. He has been a safety and sustainability champion and a significant contributor to the digital transformation of global industrial customers.

Mr. Areces is a founding member of modbus.org, was a marketing chair of the Interface for Distributed Automation (IDA) organization and a member of the Development Partner Institute for Mining. He holds an MS in Electronic Engineering from the University of Buenos Aires, Argentina, and a CSS in Administration and Management from Harvard University, US.

Find out more about DTE’s real-time liquid metals intelligence solutions at www.dte.ai.

About DT Equipment

DTE, based in Reykjavik, Iceland, is a leading innovator in the field of real-time intelligence from liquid metals, helping customers to maximize value, efficiency, safety and sustainability. DTE’s vision is to transform metals production and processing with next-generation sensors and analytics, driving digital transformation of the metals industry towards Industry 4.0, while contributing to the 1.5-degree challenge.

DTE’s solution range combines first-in-industry LP-LIBS™ (Liquid-Phase Laser-Induced Breakdown Spectroscopy) elemental analysis with a powerful machine learning cloud platform, delivering valuable intelligence and predictive insights from liquid metals across the entire value chain.

For more information, please visit www.dte.ai.

REYKJAVIK, ICELAND – 08 February 2021

The Board of DT Equipment ehf. (DTE) (www.dte.ai), a leader in real-time intelligence from liquid metals and developer of next-generation analytics for metals production and processing, is pleased to announce the appointment of Karl Matthiasson as Chief Executive Officer.

Karl Matthiasson, formerly Chairman and Chief Operating Officer, and a co-founder of DTE with extensive experience within the aluminium industry, succeeds Sveinn Gudmundsson, the Company’s founding CEO, who steps into the role of Chief Technology Officer. The changes reflect further strengthening and specialization of DTE’s executive team in line with the Company’s growing commercial strengths and market-facing focus.

Sveinn Gudmundsson, in his new role as CTO, will focus on leading the technical development and ramping up production of the Company’s analytic hardware and software systems, including further product development of associated spectrometry, optics, laser technologies, software development and artificial intelligence-based processing.

Richard MacKellar, Managing Partner at Chrysalix Ventures and Chairman of the Board of DTE, commented, “Chrysalix is excited and supportive of the organizational changes at DTE. We welcome Karl to this new role in the Company as we continue to drive the growth of DTE to fulfill its potential in leading change in the metals analytics field. I would also like to thank and acknowledge Sveinn for his outstanding leadership up to this point, which continues with the challenge of leading DTE’s technology development – the breakthrough innovations achieved were key factors for Chrysalix to invest in DTE.”

Karl Matthiasson, CEO commented, “Sveinn has been the leading force behind DTE’s success thanks to his capability to innovate and deep insight into the needs of metals producers. We thank him for his continued dedication and service to the Company — together we will continue taking DTE’s technology to the next level.”

Find out more about DTE’s real-time liquid metals intelligence solutions at www.dte.ai

About DT Equipment

DTE, based in Reykjavik, Iceland, is a leading innovator in the field of real-time intelligence from liquid metals, helping customers to maximize value, efficiency, safety and sustainability. DTE’s vision is to transform metals production and processing with next-generation sensors and analytics, driving digital transformation of the metals industry towards Industry 4.0, while contributing to the 1.5-degree challenge.

DTE’s solution range combines first-in-industry LP-LIBS™ (Liquid-Phase Laser-Induced Breakdown Spectroscopy) elemental analysis with a powerful machine learning cloud platform, delivering valuable intelligence and predictive insights from liquid metals across the entire value chain.

For more information, please visit www.dte.ai.

REYKJAVIK, ICELAND – 4 Sept, 2020

DT Equipment ehf. (DTE) (www.dte.ai), developers of next-generation analytics technology for metals production and processing, announced today the close of a Series A financing with the new participation of Chrysalix Venture Capital and follow-on investment from Brunnur Ventures.

Sveinn Gudmundsson, CEO of DTE commented, “We are delighted to welcome Chrysalix onboard as industry-focused investors who not only bring a wealth of both technical and early-stage business-building experience to the table, but do so with a highly collaborative and collegiate joint-team approach. We look forward to continuing to working closely together to further advance our world-leading analytics technologies for metal production and processing, and bringing these to market for customers worldwide.”

Chrysalix Venture Capital is a global venture capital fund with a long history of commercializing step-change innovation for resource intensive industries. The Chrysalix RoboValley Fund invests in intelligent systems enabled by AI, IoT and sensor technologies to achieve significant improvements in productivity and critical business processes. Investors in the fund include Fortune 500 companies, leading corporates, financial institutions, family offices and universities, and a notable cluster of metals producers, such as South32, Severstal and Mitsubishi Corporation.

“Chrysalix is making metals and mining innovation, with resource productivity and intelligent systems, a major theme of our new fund. Working with our strategic investors and high potential start-ups, we accelerate new step-change solutions into the mainstream market,” said Richard MacKellar, Managing Partner at Chrysalix Venture Capital. “DTE’s technology enables accurate real-time sampling of liquid metal in primary and secondary aluminum production. Compositional information in real-time results in increased production and quality, reduced costs, and energy savings for aluminum producers. This is in line with our investment thesis of using intelligent systems to improve the economics, efficiency and environmental sustainability of resource intensive industries, while creating significant value for customers.”

DTE was founded in 2013 by highly experienced aluminum industry professionals, with a vision to transform metals production and processing with next-generation sensors and analytics. Based in Iceland, DTE addresses the high unmet need to complement and replace current slow, expensive and manual methods for process and quality control with real-time, in-line analysis of trace materials. DTE’s platform combines first-in-industry fully automated elemental analyzers, generating real-time data, reference quality elemental composition direct from liquid metal with a powerful software analytics platform for pro-active and predictive process control.
Watch our technology in action at https://dte.ai/dte-ea-2500/.

Aura Capital Partners acted as corporate advisor to the Company.

About DT Equipment

DTE, based in Reykjavik, Iceland is focused on next-generation industrial metal production process control, towards Industry 4.0. The Company’s flagship DTE-EA product range provides first-in-industry direct sampling and compositional analysis of molten metal, addressing the high unmet need to complement and replace current slow, expensive and manual methods for process and quality control with real-time, in-line analysis of trace materials. Real-time process feedback offers substantial opportunities, including improved production efficiency, energy and process cost savings from faster, more frequent measurements and improved operator safety through limiting the need for human intervention.
For more information, please visit www.dtequipment.com.

About Chrysalix Venture Capital

Chrysalix is a technology focused venture capital firm that builds, mentors and connects high growth companies. Founded in Vancouver, Canada in 2001, and with offices in Delft, Netherlands, Chrysalix has built its reputation on bringing disruptive innovation to the world’s largest industries by focusing on where technology meets physical science. The firm’s investments include breakthrough technologies like smart mining, 3D printing of steel, fast charging electric vehicle infrastructure, emissions-free solar steam, battery intelligence, C02 capture, wastewater management, and fusion energy. Chrysalix has one of the strongest investment teams in the industry with deep energy, technology and entrepreneurial expertise, and is backed by more than 20 international blue chip industrial and financial investors. Chrysalix latest fund, the Chrysalix RoboValley Fund, is the firm’s second fund under management focused on industrial innovation and is expected to grow to over $120M.
For more information please visit: www.chrysalix.com or contact Allison Johnson at ajohnson@chrysalix.com.

About Brunnur Ventures

Brunnur Ventures is a $30m venture capital fund focused on Icelandic start-up companies, emphasizing innovation and growth, combined with scalable business models and extraordinary entrepreneurial talent. The Fund is managed by Brunnur Ventures GP.
For more information please visit: www.brunnurventures.com.