UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2024
Commission File Number: 001-40368
SAI.TECH Global Corporation
(Exact name of registrant as specified in its
charter)
#01-05 Pearl’s Hill Terrace, Singapore,
168976
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Press Release
On July 9, 2024, SAI.TECH Global Corporation issued
a press release to announce the signing of MOUs for HEATNUC Targeting Nuclear and SMR Markets in the Middle East.
A copy of the press release is furnished as Exhibit
99.1 to this current report on Form 6-K and incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
Date: July 9, 2024 |
SAI.TECH GLOBAL CORPORATION |
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By: |
/s/ Risheng Li |
|
Name: |
Risheng Li |
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Title: |
Chief Executive Officer |
3
Exhibit 99.1
SAI.TECH Announces MOU Signings for HEATNUC
Targeting Nuclear and SMR Markets in the Middle East
Singapore, July 09, 2024 (GLOBE NEWSWIRE) -- SAI.TECH
Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), announces the signing
of two Memorandums of Understanding (MoU) for HEATNUC products aimed at strengthening cooperation within the small moduar reactor industry.
These MoUs are set to enhance SAI.TECH’s competitiveness in the Middle Eastern and international markets while increasing localization
efforts in the region.
The first MoU, signed with Suzhou East Instrument
Technology Co., Ltd., signifies a strategic partnership focused on the export of electrical and instrumentation control system equipment
for nuclear power and engineering projects. This includes Class IE K1 and K2 electrical and instrumentation control equipment, Class IE
K3 equipment, non-safety-related packaged air equipment, and instrumentation and control equipment for nuclear power plants. The collaboration
also encompasses nuclear safety and quality management initiatives.
The second MoU, inked with Kunshan Three-Dimensional
Heat Exchanger Co., Ltd., outlines plans for joint production of nuclear and Small Modular Reactor (SMR) equipment and components. This
collaboration aims to enhance competitiveness and localize production in the Middle East. Kunshan 3D specializes in the development of
high-end equipment such as aerospace science experimental devices, nuclear power equipment, and test benches, utilizing high-temperature
alloys, titanium alloys, and various metal materials. The partnership will extend to providing specialized services including testing,
maintenance, diagnostics, inspections, engineering services, and the supply of spare parts.
Both MoUs underscore the commitment to mutual
growth through the exchange of project management expertise, enterprise management practices, and collaborative marketing efforts targeting
nuclear-grade and SMR sectors. Additionally, HEATNUC and its partners will explore opportunities for expanding their presence in international
markets through joint export ventures.
These initiatives align with HEATNUC’s strategy
to solidify its position as a key player in the global nuclear industry, leveraging partnerships to deliver innovative solutions and uphold
the highest standards of quality and safety.
About HEATNUC
HEATNUC is a Small Modular Reactor Division of
SAI.TECH, dedicated to developing 3rd generation PWR and 4th generation SFR and HTGR. HEATNUC also promotes utilizing the high-temperature
electrolytic refining fuel cycle to extend the usage life of uranium ore to tens of thousands of years, while actively assisting in the
development of global uranium raw material resources.
About SAI.TECH
SAI.TECH is a Nasdaq-listed (SAI) sustainable
distributed bitcoin mining operator headquartered in Singapore. SAI’s mission is to become a sustainable distributed digital asset
mining operator and heating supplier globally, while simultaneously promote the clean transition of the bitcoin mining, power and heating
industries.
In May 2022, SAI became a publicly traded company
under the new ticker symbol “SAI” on the Nasdaq Stock Market (NASDAQ) through a merger with TradeUP Global Corporation. For
more information on SAI.TECH, please visit https://sai.tech/.
Safe Harbor Statement:
This press release may contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”,
“anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue
to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify
forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking
statements. These forward-looking statements include, but not limited to, statements concerning SAI.TECH and the Company’s operations,
financial performance, and condition are based on current expectations, beliefs and assumptions which are subject to change at any time.
SAI.TECH cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending
on a variety of important factors such as government and stock exchange regulations, competition, political, economic, and social conditions
around the world including those discussed in SAI.TECH’s Form 20-F under the headings “Risk Factors”, “Results
of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time
to time. All forward-looking statements are applicable only as of the date it is made and SAI.TECH specifically disclaims any obligation
to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.
Media Contact
pr@sai.tech
Investor Relations Contact
ir@sai.tech
SAI TECH Global (NASDAQ:SAI)
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