News

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.

DTE is featured in the December 2018 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.

Aluminium production is a complex process in which aluminium is obtained by fused-salt electrolysis and processed in subsequent process steps. Throughout this process the aluminium is sampled for elemental analysis to determine further processing requirements to produce metal of appropriate purity and composition. At present, sampling is performed manually by withdrawing a ladle of molten metal, allowing it to cool and then transferring the cast sample to an on-site laboratory. This is repeated many times per day – a laborious and expensive process that delays the feed-back loop of production control information, leading to inaccuracy and inefficiency.

DTE’s element analyzer uses laser induced breakdown spectroscopy (LIBS) to provide an accurate real-time chemical analysis of the main elemental contaminants present in the molten aluminium, without contacting the surface of the metal. No manual handling or laboratory measurements are required. Limit of detection is well within working range for elemental analysis in the aluminium industry and error with respect to reference is unprecedented for in situ analysis.

The full article is available for subscribers at: www.alu-web.de

Contact us to arrange a meeting:

DT Equipment (DTE) will exhibit its first-in-industry liquid metal elemental analysis equipment for real-time control of the aluminum production process at the Aluminium 2018 trade fair, 9-11 October in Düsseldorf.

DTE at ALUMINIUM 2018

REYKJAVIK, Iceland–(BUSINESS WIRE)–DT Equipment ehf. (DTE) (www.dte.ai), a leader in the field of in-line compositional analysis for the metal industry, will be presenting the EA-2000, its first-in-industry technology for real-time control of aluminum processing, at the Aluminium 2018 World Trade fair at Messe Düsseldorf, from 9-11 October, 2018.

“We are excited to be exhibiting our ground-breaking industry solution at Aluminum 2018”, commented Sveinn Gudmundsson, CEO of DTE, “We welcome aluminum producers and downstream processors to our stand 11G20 at the Norwegian and Icelandic Pavilion. We will be showcasing the potential of our solution to meet the challenges of the aluminum smelting industry, with respect to optimizing metallurgical performance, cost-efficiency, productivity and quality.”

Operating at a vast scale, aluminum production is a complex, high-tech and hazardous process that involves processing high-temperature liquid metal. Throughout this process the aluminum is sampled for elemental analysis to determine further processing requirements, to produce metal of appropriate purity and composition. At present, sampling is performed manually, by withdrawing a ladle of molten metal, allowing it to cool and then transferring the cast sample to an on-site laboratory. This is repeated many hundreds of times per day – a laborious, expensive process that delays the feedback loop of production control information, leading to inaccuracy and inefficiency.

DTE’s EA-2000 element analyser uses laser induced breakdown spectroscopy (LIBS) to provide an accurate real-time chemical analysis of the main elemental contaminants present in the molten aluminum, without contacting the surface of the metal. No manual handling or laboratory measurements are required. Limit of detection (LOD) is well within working range for elemental analysis in the aluminum industry and error with respect to reference is unprecedented for in situ analysis. While LIBS is used in a wide range of applications, the EA-2000 has been designed and produced by DTE’s industry expert team specifically for continuous operation in the harsh conditions of an aluminum smelter and to take readings directly from the surface of the molten aluminum – a significant challenge, around which the Company has patents pending.

“The EA-2000 compares very favourably to standard laboratory OES analysis and the manual sampling process it requires,” said Kristjan Leosson, Ph.D., DTE’s Technical Director, who will be presenting a talk entitled Automated real-time composition analysis of liquid aluminum and aluminum alloys at the Aluminium Forum at Messe Düsseldorf, at 16:30 on Wednesday, 10 October, 2018.

The DTE EA-2000 complements and aims to replace current sampling methods for process and quality control, offering real-time process feedback, substantial process cost savings from faster, more frequent measurements and improved operator safety by eliminating the need for human intervention.

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.dte.ai.

About DT Equipment

Aluminium 2018 in Düsseldorf is the world’s most important trade fair for the aluminum industry and its main application fields, taking place every two years. It is the international meeting point for aluminum manufacturers, processors, suppliers of semi-finished products, finished products and surface treatment, with the entire value chain from the raw material to semi-finished up to finished product found under one roof.
For more information: www.aluminum-messe.com

Forward Looking Statements

All statements in this press release, other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation. The Company does not undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section.

Contact us to arrange a meeting:

EU award will fund further advances of its industry-leading liquid metal elemental analysis equipment for real-time control of aluminum smelting and processing

REYKJAVIK, Iceland–(BUSINESS WIRE)–DT Equipment ehf. (DTE) (www.dte.ai), a leader in the field of in-line compositional analysis for the metal industry, will be presenting the EA-2000, its first-in-industry technology for real-time control of aluminum processing, at the Aluminium 2018 World Trade fair at Messe Düsseldorf, from 9-11 October, 2018.

“We are delighted to announce this award and the recognition that it brings,” commented Sveinn Gudmundsson, CEO of DTE, “We would like to thank the European Commission for recognizing the potential of our solution to meet the challenges of the aluminum smelting industry with respect to optimizing metallurgical performance, cost-efficiency, productivity and quality.”

Operating at a vast scale, aluminum production is a complex, high-tech and hazardous process that involves high-temperature electrolysis of alumina and subsequent refining steps. Throughout this process the aluminum is sampled for elemental analysis to determine further processing requirements to produce metal of appropriate purity and composition. At present, sampling is performed manually, by withdrawing a ladle of molten metal, allowing it to cool and then transferring the cast sample to an on-site laboratory. This is repeated many hundreds of times per day – a laborious, expensive process that delays the feedback loop of production control information, leading to inaccuracy and inefficiency.

DTE’s Element Analyzer (DTE-EA) uses laser induced breakdown spectroscopy (LIBS) to provide an accurate real-time chemical analysis of the main elemental contaminants present in the molten aluminum, without contacting the surface of the metal. No manual handling or laboratory measurements are required. Limit of detection (LOD) is well within working range for elemental analysis in the aluminum industry and error with respect to reference is unprecedented for in situ analysis. While LIBS is used in a wide range of applications, the DTE-EA has been designed and produced by DTE’s industry expert team specifically for continuous operation in the harsh conditions of an aluminum smelter and to take readings directly from the surface of the molten aluminum – a significant challenge, around which the Company has patents pending.

The DTE-EA complements and aims to replace current sampling methods for process and quality control, offering real-time process feedback, substantial energy and process cost savings from faster, more frequent measurements and improved operator safety through limiting the need for human intervention.

DTE will be presenting its analyzer product at the Aluminium 2018 Exhibition from 9-11 October, at Messe Dusseldorf.

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.dte.ai.

About Horizon 2020

Horizon 2020 is the largest ever EU Research and Innovation program with nearly €80 billion of funding available over 7 years (2014 to 2020) – in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market. By coupling research and innovation, Horizon 2020 is helping to achieve this with its emphasis on excellent science, industrial leadership and tackling societal challenges. The goal is to ensure Europe produces world-class science, removes barriers to innovation and makes it easier for the public and private sectors to work together in delivering innovation.

For more information, please visit https://ec.europa.eu/programmes/horizon2020/en/what-horizon-2020.

Forward Looking Statements

All statements in this press release, other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation. The Company does not undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section.

Contact us to arrange a meeting: