Nordic Secondary Fund invests in DTE

Nordic Secondary Fund has invested in DTE. The Fund has acquired common shares from a selected group of DTE’s initial shareholders for $2.4M. This is the first investment in Iceland, from the first and only Fund in the Nordics to invest exclusively in secondary.

 

“I am extremely proud and happy for some of our earliest common shareholders to finally be rewarded for supporting DTE, having been with us right from the beginning,” says Karl Matthíasson, CEO and one of the two founders of DTE. “This investment also reflects a profound belief in DTE’s mission to revolutionize the metals production industry.”
 
Peter Sandberg, Founding Partner of Nordic Secondary Fund, states: “We are very proud to join as investors in DTE, as we have been in dialogue with Karl for over two years, waiting to buy Secondaries from existing shareholders seeking liquidity. We believe that the business area in which DTE operates is exciting. In connection with its latest external funding round this year, the company has strengthened its already strong investor base with names such as NovelisMetaplanet, and European Innovation Council applicant support. It is thus in a perfect position prepared for the onward journey.”

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DTE’s Portable Potroom Solution At EGA

This August, DTE converted its deployment to a fully operational potroom solution at Emirates Global Aluminum (EGA), the world’s largest “premium aluminum” producer.

DTE’s portable molten metal composition analyzer and data platform for process analytics and insights are now in full operation at EGA’s Jebel Ali site, which has a capacity of 1.000.000 T/year in 1,577 reduction cells. DTE’s solution will enhance EGA’s decision-making ability by giving an instant overview of product quality and trends, providing predictive insights into process efficiency while detecting anomalies and optimizing operational value and control. DTE’s potroom solution is a new benchmark for process control, as it allows its users to optimize tapping schedules, prevent unexpected pot-failures, and eliminate the risk of error by next-to-pot analysis, all while decreasing costs and time spent on maintenance and calibration of traditional analysis instruments. DTE’s solutions offer real-time chemical composition data directly from the melt, reducing the time needed for analysis, allowing for more frequent sampling, and removing bottlenecks associated with composition analysis of solid samples, resulting in faster decision-making.

“We selected DTE’s solutions because we believe its technology will add unique value to EGA’s operations and growth,”  says Abdalla Alzarooni, EGA Vice President, Technology Development & Transfer, “we hope to work in a strong partnership with DTE.”

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Asdis Sigtryggsdottir is appointed to the role of COO at DTE

DTE is pleased to announced the appointment of Ásdís Virk Sigtryggsdóttir to the new role of Chief Operation Officer at DTE, from today. Ásdís, who has been with DTE since 2021, leading project management, solution implementation, sales and development with our customers has also played a major role in the company’s funding process as well as strategic planning for DTE. 

Prior to joining DTE, Ásdís worked for Síminn, Iceland’s largest telecoms company, where she worked as a manager in Síminn’s sales department, project manager in innovation accelerators and as a Customer Experience Manager.

“During the time Ásdís has worked for DTE, she has been a key player who has taken DTE to the place it is today. She has been involved in all operations and succeeded with all of the projects she has gotten and we are stoked that she’s willing to step up as a COO and keep on building DTE for the coming future,” commented Karl Ágúst Matthíasson, CEO of DTE.

Ásdís holds a B.A. degree in Anthropology, Masters degree in Globalization and Development Studies from University of Maastricht and a Masters degree in Global Political Economy from the University of Kassel in Germany.

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DTE delivers metal analyzer to SINTEF

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Karl Matthiasson, CEO of DTE

DTE announces Karl Matthiasson as CEO of DTE

REYKJAVIK, ICELAND – Apr 14, 2023

DTE, a leader in metals intelligence, is pleased to announce the appointment of Karl Matthiasson as CEO of DTE. A key figure within the company since its inception, Karl has served as DTE’s co-founder, former CEO, Chairman, CFO and COO.

Karl Matthiasson, CEO, DTE
Karl Matthiasson, CEO, DTE

“Karl has been instrumental in shaping the company into an industry leader in its field,” commented Arni Blöndal, Chairman of DTE, “He succeeds Diego Areces who will remain a consultant to the Board of DTE. On behalf of the Board, I would like to express our gratitude to Diego for his leadership and invaluable contributions, leveraging his vast industry experience during the transition period of DTE.”

About DTE

DTE, Unlocking the Future of Metals™, is the leading innovator in real-time intelligence from liquid metals, serving customers across the metals production and manufacturing value chain through maximizing value, sustainability, safety, and efficiency for all stakeholders.

Our purpose is advancing human progress with greener, safer, more efficient, and more valuable metals, contributing to the 1.5-degree challenge while driving digital transformation towards Industry 4.0 with the next generation of IIoT analysis technology. DTE provides tangible financial and environmental business outcomes from the plant floor to the business levels through valuable intelligence and predictive insights from liquid metals.

IREAS™, DTE’s unique, connected, real-time intelligence from liquid metals solution seamlessly integrates IT and OT, combining chemical composition analysis from molten metals based on liquid-phase laser-induced breakdown spectroscopy (LP-LIBS™) with an artificial intelligence-based analytics platform and digital metals intelligence services.

For more information, please visit www.dte.ai

 

Contact Information

DTE ehf.

Karl Matthiasson, CEO

karl@dte.ai

Tel: (+354) 617 1326

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Thank you TMS! See you next year

Thank you TMS, it was a blast seeing you all. We were able to meet up with great colleagues and friends as well as hopefully future colleagues. Our team just arrived back in Iceland after a good trip home. We look forward seeing y’all in Orlando 2024!

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DTE signs contract with Century Aluminium

DTE Secures $1.85m Contract for its Unique Real-Time Liquid Metal Intelligence Solution With Century Aluminium’s Nordural Site to Support New Low-Carbon Products

REYKJAVIK, Iceland–DTE, a leader in metals intelligence, is pleased to announce the signature of a $1.85M contract with Nordural Grundartangi ehf, (“Nordural”) a wholly owned subsidiary of Century Aluminium Company (NASDAQ: CENX) in Iceland.

Under the contract, DTE will provide its revolutionary real-time chemical composition analysis solution for the four skimming stations of the new low-carbon billet casthouse. DTE’s solution will monitor the quality of the liquid aluminium transferred from the electrolysis potroom to the furnaces, optimizing the value chain by enabling the correct aluminium quality to be directed to the appropriate furnace based on the final product to be cast. Nordural will benefit from maximizing throughput, minimizing cycle time in the furnaces, minimizing emissions and energy consumption, and removing bottleneck limitations in the casthouse. DTE’s fully autonomous solution avoids the need for manual intervention by plant personnel, contributing to plant safety and reducing analysis costs.

DTE signs contract with Century Aluminium

Nordural’s decision was driven by a similar solution under testing in the existing casthouse. Olafur Arnar Fridriksson, Project Manager of the new billet casthouse at Nordural, commented, “We are very pleased to continue working with DTE. We see great potential in the equipment under testing in our current casthouse, so selecting DTE for this project was a straightforward decision. DTE is a strategic partner for Nordural, with their solution being gradually implemented throughout the production process”.

“We are very pleased to continue working with DTE. We see great potential in the equipment under testing in our current casthouse, so selecting DTE for this project was a straightforward decision. DTE is a strategic partner for Nordural, with their solution being gradually implemented throughout the production process”

Diego Areces, CEO of DTE, said, “I’m very thankful and excited for this opportunity, which is a major milestone for DTE. Nordural has been one of our strategic partners and has remained a great supporter of DTE. We look forward to delivering on this commitment and contributing value to the new low-carbon billet casthouse project. In addition, we will continue working together, deploying DTE’s solution along Nordural’s production process to maximize operational efficiency, resilience, and sustainability.”

Nordural’s new value-added casthouse will have a capacity of 150,000 tonnes of billet production and is expected to start production in the first quarter of 2024. The expansion project will also double Grundartangi’s annual capacity to produce primary foundry alloys from its current 60,000 tonnes of capacity to 120,000 tonnes of capacity. This additional billet and primary foundry alloy capacity replaces standard-grade ingot production, raising expected product premiums for Grundartangi products. The $120 million investment is expected to create approximately 90 jobs during construction and approximately 40 permanently.

The new Natur-Al™ billets and foundry products will be produced to meet the growing demand from European customers for low-carbon aluminium products. Grundartangi uses Iceland’s 100% renewable energy resources to create Natur-Al™ aluminium, which has one of the lowest CO₂ footprints in the world. Natur-Al™ billet and foundry products will have less than a quarter of the CO₂ content of the industry average, fulfilling growing demand from Europe’s most environmentally conscious consumers. Natur-Al™ products can significantly reduce the carbon footprint of end products which is necessary for the highly competitive markets for consumer goods, vehicles, packaging, and construction materials.

About DTE

DTE, Unlocking the Future of Metals™, is the leading innovator in real-time intelligence from liquid metals, serving customers across the metals production and manufacturing value chain through maximizing value, sustainability, safety, and efficiency for all stakeholders.

Our purpose is advancing human progress with greener, safer, more efficient, and more valuable metals, contributing to the 1.5-degree challenge while driving digital transformation towards Industry 4.0 with the next generation of IIoT analysis technology. DTE provides tangible financial and environmental business outcomes from the plant floor to the business levels through valuable intelligence and predictive insights from liquid metals.

IREAS™, DTE’s unique, connected, real-time intelligence from liquid metals solution seamlessly integrates IT and OT, combining chemical composition analysis from molten metals based on liquid-phase laser-induced breakdown spectroscopy (LP-LIBS™) with an artificial intelligence-based analytics platform and digital metals intelligence services.

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

Contacts

DTE ehf.
Karl Matthiasson, CEO
karl@dte.ai
Tel: (+354) 698 0173

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DTE will be at Aluminium 2022 in Dusseldorf

REYKJAVIK, ICELAND – Sept 1, 2022

DTE (www.dte.ai), a leader in metals analytics and intelligence, is thrilled to participate in ALUMINIUM – World Trade Fair and Conference on September 27-29 at the Exhibition Centre Düsseldorf, Germany! Meet our team at the Internasjonale Messetjenester AS Stand #6F24.

For the conference agenda: https://www.aluminium-exhibition.com/en-gb/visitors/programm1.html#/sessions

We look forward to meet customers, partners and all other interested parties to discuss how DTE is contributing to greener, safer and more efficient metals through real-time intelligence from liquid metals!

https://lnkd.in/dY86qua

#aluminum #fasterbettermetals #dtemetalsintelligence #aluminium2022 #unlockingthefutureofmetals

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About DTE

DTE, Unlocking the Future of Metals™, is the leading innovator in real-time intelligence from liquid metals, serving customers across the metals production and manufacturing value chain through maximizing value, sustainability, safety, and efficiency for all stakeholders.

Our purpose is advancing human progress with greener, safer, more efficient, and more valuable metals, contributing to the 1.5-degree challenge while driving its digital transformation towards Industry 4.0 with the next generation of IIoT analysis technology. DTE provides tangible financial and environmental business outcomes from the plant floor to the business levels through valuable intelligence and predictive insights from liquid metals.

IREAS™, DTE’s unique, connected, real-time intelligence from liquid metals solution seamlessly integrates IT and OT, combining chemical composition analysis from molten metals based on liquid-phase laser-induced breakdown spectroscopy (LP-LIBS™) with an artificial intelligence-based analytics platform and digital metals intelligence services.

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

Contact Information

DTE ehf.
Diego Areces, CEO
diego.areces@dte.ai
Tel: (+354) 698 0173

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DTE set to scale with support from EIT Manufacturing

REYKJAVIK, ICELAND – Jul 20, 2022

DTE (www.dte.ai), the leader in real-time intelligence from liquid metals, will be supported by EIT Manufacturing, the largest innovation community in the manufacturing industry in Europe, to continue contributing to circularity and Industry 4.0 in the metals industry.

DTE is a pioneer in innovation for metals intelligence with a breakthrough solution to safely analyze the chemical composition of liquid metals continuously and in real-time. This innovation enables customers to generate predictive intelligence from their data, supporting critical decisions during the metals production process to maximize sustainability, efficiency, safety, and value.

Traditionally, chemical composition analysis is performed at regular intervals by human intervention; DTE’s solution eliminates waiting times for test results and make the overall analysis process safer by removing the associated risks with human sampling.  Continuous checks also increase precision and enable recycled materials to be incorporated as a larger part of the smelt. For the first time, EIT Manufacturing’s support will contribute to serving the customers that DTE has and to expanding IREAS, DTE’s metals intelligence solution, into new metals and materials.

“DTE is a very good example of how technology and innovation, combined with a strong team, contributes to efficiency, value and sustainability,” commented Kaitlin McGovern, Senior Program Manager at EIT Manufacturing, “At EIT Manufacturing we believe in supporting companies like DTE, not only to foster innovation and growth but also to contribute to a greener, safer and more efficient manufacturing industry.”

“We are thrilled to have been selected to receive the advice and financial support from EIT Manufacturing,” commented Diego Areces, CEO of DTE, “This is a testament of our customers’ trust in our team’s drive as well as the European manufacturing community. We look forward to working together with the EIT Manufacturing stakeholders to continue contributing to a circular metals industry and to the development of the advanced materials of the future by generating unique data and intelligence out of the chemical composition of liquid metals.”

EIT Manufacturing is the largest innovation community of the European manufacturing industry, which works specifically with the aim of Europe leading innovation and promoting the development of a sustainable and competitive industry. This community, which is part of the European Institute of Innovation and Technology (EIT), an organization of the European Union, brings together emerging companies, SMEs, and innovative European corporations in the manufacturing sector to promote joint commercial activities. Through specific programs, EIT Manufacturing supports startups through different services such as access to markets, financial investment and advice. Since 2021, this support has resulted in more than 300 connections between startups and corporates and active support to around 80 start-ups.  EIT Manufacturing’s supported companies have received more than €10.5 million in investments since 2021.

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About DTE

DTE, Unlocking the Future of Metals™, is the leading innovator in real-time intelligence from liquid metals, serving customers across the metals production and manufacturing value chain through maximizing value, sustainability, safety, and efficiency for all stakeholders.

DTE’s purpose is advancing human progress with greener, safer, more efficient, and more valuable metals, contributing to the 1.5-degree challenge while driving its digital transformation towards Industry 4.0 with the next generation of IIoT analysis technology. DTE provides tangible financial and environmental business outcomes from the plant floor to the business levels through valuable intelligence and predictive insights from liquid metals.

For more information, please visit www.dte.ai

 

About IREAS™

IREAS™, DTE’s unique, connected, real-time intelligence from liquid metals solution seamlessly integrates IT and OT, combining chemical composition analysis from molten metals based on liquid-phase laser-induced breakdown spectroscopy (LP-LIBS™) with an artificial intelligence-based analytics platform and digital metals intelligence services.

IREAS™, DTE’s Intelligent Real-Time Elemental Analysis System is the first on-market solution replacing manual sampling of cooled solid samples with autonomous reference grade compositional analytics in real time from high temperature metal. Based on DTE’s proprietary LB-LIBS™ technology, IREAS uses laser induced breakdown spectroscopy to reads the precise composition of the liquid metal surface. It reduces the wait time for compositional data from hours to seconds, enabling this data to be incorporated in real time and predictive process control, while improving the safety of human operators by distancing them from the hot metal.

For more information, please visit www.dte.ai

 

About EIT Manufacturing – Making Innovation Happen!

EIT Manufacturing is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union. It is one of eight innovation communities within EIT. EIT Manufacturing’s main goal is to bring European stakeholders focused on manufacturing together in innovation ecosystems that add unique value to European products, processes, and services and inspire the creation of globally competitive and sustainable manufacturing. EIT Manufacturing brings together more than 70 members (universities, research institutes, and businesses).

The European Institute of Innovation and Technology (EIT) strengthens Europe’s ability to innovate by powering solutions to pressing global challenges and by nurturing entrepreneurial talent to create sustainable growth and skilled jobs in Europe. The EIT is an EU body that is an integral part of Horizon Europe, the EU Framework Programme for Research and Innovation. The Institute supports the development of dynamic pan-European partnerships – EIT Knowledge and Innovation Communities – among leading companies, research labs, and universities.

More information at www.eitmanufacturing.eu

 

Contact Information

Diego Areces, CEO

DTE ehf.

diego.areces@dte.ai

Tel: (+354) 698 0173

 

Forward-Looking Statements

This press release may contain certain forward-looking statements concerning the financial condition, results of operations and businesses of DTE (“the Company). All statements 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. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation. The information in this presentation is subject to updating, completion, revision, further verification, and amendment without notice and 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.
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