Auddia signs LOI with medical REIT for LT350 installation

Auddia (AUUD) announced that LT350 has signed a non-binding Letter of Intent with a NYSE listed medical REIT to host LT350’s first pilot installation expected to be at a hospital property in the Dallas Fort Worth MSA. The Medical REIT owns and manages approximately 200 medical facilities across the United States, including hospitals, ambulatory surgery centers, and medical office buildings. LT350 is one of three new businesses that will be combined with Auddia in the new McCarthy Finney holding company if Auddia’s recently announced business combination with Thramann Holdings is completed. The LOI outlines the parties’ intent to collaborate on deploying LT350’s first solar-integrated, parking-lot-based AI micro-datacenter canopy. LT350’s patented architecture integrates modular GPU, memory, and battery storage cartridges directly into the ceiling of its proprietary solar canopy, enabling high-performance AI compute to be deployed above existing parking lots without absorbing parking spaces or requiring new land acquisition. The LOI is non-binding and does not obligate either party to proceed with the pilot.

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