DTE receives European Innovation Council (EIC) award of €2.4 million with up to €7 million equity investment

REYKJAVIK, ICELAND – Jun 20, 2022

DTE (www.dte.ai), a leader in real-time and AI-based predictive metals analytics and intelligence for industry, announced today that it is the recipient of a €2.4 million grant award from the European Innovation Council, with a recommended further equity investment of up to €7 million that can be applied for through the EIC Fund. The fund, created by the European Commission in 2020, aims to provide direct equity investments in breakthrough innovation companies and offer the opportunity for other private investors to co-fund such highly innovative companies. The EIC award builds on a prior EU funding of €1.4 Million as a Horizon 2020 award received by DTE in 2018.

“We are delighted to have been selected to receive this award from the European Innovation Council,” commented Diego Areces, CEO of DTE, “The EIC’s expert assessment process further validates and endorses the huge potential of IREAS, our metals analytics and intelligence solution both to add value and improve the sustainability of the metals industry. Today, producers and manufacturers are stuck with outdated methods for measuring and incorporating analysis of metals which hinders their process control and ultimately, ability to innovate. Our first-in-industry solution generates real time compositional data and intelligent process decision support from liquid metals, contributing to EU competitiveness, accelerating materials innovation, and helping energy intensive industries to decarbonize. This grant will enable us to advance our solution for aluminium smelter potrooms where we have already demonstrated the ability enhance predictive maintenance, with the potential to save billions of dollars per year in avoidable costs.”

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 composi-tional 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.

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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

About the European Innovation Council (EIC)

The EIC is Europe’s flagship innovation programme to identify, develop and scale up break-through technologies and game changing innovations. The European Innovation Council (EIC) has been established under the EU Horizon Europe programme. It has a budget of €10.1 billion to support game changing innovations throughout the lifecycle, from early-stage research to proof of concept, technology transfer, and the financing and scale up of start-ups and SMEs. The strategy and implementation of the EIC is steered by the EIC Board, which has independent members appointed from the world of innovation (entrepreneurs, researchers, investors, corporates and others from the innovation ecosystem). The EIC takes a proactive approach to managing funding under the leadership of EIC Programme Managers who develop visions for innovation and technology breakthroughs and steer portfolios of projects to achieve these goals.

A unique feature of the EIC is that it provides funding for individual companies through both grants and investments, which currently take the form of direct equity or quasi-equity investments and are managed by the EIC Fund.

For more information, please visit eic.ec.europa.eu

Contact Information

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

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DTE is a Winner of Tech Tour Future22 in the Digital Tech Category

REYKJAVIK, ICELAND – Mar 30, 2022

DTE (www.dte.ai), a leader in metals analytics and intelligence, is proud to have been chosen as a winner of the Tech Tour Future22 Digital Tech Category, one of just 38 companies selected out of 1000.

Every year Tech Tour meets with more than 2000 innovative companies in Europe which apply for our 20+ programmes in the sectors of digital, health tech and sustainability. From them, around 1000 take part in the programmes to meet with investors and peers and grow to reach their bold ambition.

From the 1000 selected companies committees of active investors in each sector picked the best 250 and Tech Tour challenged them to take part in Future22 – the gathering of tech companies, investors, corporations and professionals and a must for every tech entrepreneur. The online event took place on 23 – 25 March and the top 38 emerging (seed and Series A) companies were divided into 3 sectors – digital, health tech and sustainability.

DTE is focused on the multi-trillion-dollar metals production and manufacturing value chain, which is vital to our society and key to its decarbonization. Our unique, fully automated solution integrates proprietary elemental analyzers with our AI platform, generating predictive process intelligence to improve product quality, increase throughput, cut emissions, and improve profitability.

Find out more by contacting us at contact@dte.ai

#techtour #future22 #dtemetalsintelligence #metalsintelligence

Find out more about Tech Tour

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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

Read More
TMS 2022

Meet DTE at TMS 2022!

REYKJAVIK, ICELAND – Feb 27, 2022

DTE (www.dte.ai), a leader in metals analytics and intelligence, will attend TMS 2022. We invite customers, partners and collaborators to meet with us at the Anaheim Convention Center, Anaheim, California. We are in Booth 616, from Monday, February 28th to Wednesday, March 2nd.

TMS 2022

For the TMS 2022 exhibit directory, check here: https://lnkd.in/gsAMXu2S

In addition, DTE’s CSO Kristjan Leosson will present the research paper “Continuous Chemical Analysis of Molten Aluminum”, on Wednesday, March 2nd, 2022, at 9:45 AM in room 209A and DTE’s Chief Metallurgist Rauan Meirbekova will chair the session “Recycling and Sustainability in Cast Shop Technology”, on Tuesday, March 1st, 2022, at 2:30PM in room 209A.

DTE will also be present through the collaboration in two other research papers. They are:

“Direct Production of Aluminum Manganese and Silicon Alloys in Aluminum Reduction Cells, A Laboratory Test” to be presented by Gudrun Saevarsdottir on Thursday, March 3, 2022, at 9:00AM in room 209B

and

“Direct Production of Aluminum Titanium Alloys in Aluminum Reduction Cells, A Laboratory Test”, to be presented by Geir-Martin Haarberg, on Monday, March 14, 2022, at 8:00 AM through an on-demand room.

For the TMS 2022 conference guide, check here: https://lnkd.in/gRhVBCtE

Looking forward to meeting you all!

#IIoT #sustainability #fasterbettermetals #dtemetalsintelligence

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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

Read More