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Texas company buys 75-employee SWFL-based engineering firm – Business Observer

A Texas engineering and consulting services company has acquired GradyMinor, a civil engineering firm with two Southwest Florida offices and 75 employees.

San Antonio-based Pape-Dawson Engineers is the new owner of the Bonita Springs-based firm, according to a statement. Terms of the deal werent disclosed.

GradyMinor, founded in 1981, specializes in municipal engineering, land development, land planning, surveying and mapping, and landscape architecture. It has an office in Fort Myers in addition to Bonita Springs.

GradyMinor President Mark Minor

GradyMinor shares our commitment to excellence in engineering, providing clients with a comprehensive multidisciplinary approach to deliver thoughtfully designed projects, Pape-Dawson President Gene Dawson says in the release.

GradyMinors alignment with our core values combined with their reputation and diversified workload were key factors in our decision to partner. This acquisition builds upon our recently established Florida footprint as we work to expand our local team to serve the needs of the growing state.

GradyMinor is Pape-Dawsons second Florida acquisition in Florida. Last year, Pape-Dawson acquired Orlando-based Poulos & Bennett, which has a second location in Jacksonville.

We are thrilled to be joining the Pape-Dawson family, GradyMinorPresident Mark Minor says in the statement. We look forward to drawing upon the expanded resources and support that Pape-Dawson offers to our employees and clients alike. Together, we are well-positioned to continue serving communities across Florida with more capabilities than ever before.

Founded in 1965, Pape-Dawson announced a strategic partnership with Palm Beach Capital in 2023.

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College of Engineering receives the largest gift in its history – Temple University News

Professor Emeritus of Electrical and Computer Engineering Brian Butz and his wife Susan, CPH 85, have made a transformative donation to Temple Universitys College of Engineering that will support the expansion of artificial intelligence (AI) research at the college. The gift, which is valued at more than $2.5 million, includes an immediate investment in AI research projects, as well as a future endowed chair position to help Temple push to the forefront of the AI industry. It is the largest gift in the College of Engineerings history.

This is the right time for a landmark investment in AI research, said College of Engineering Dean Keya Sadeghipour. It will allow Temple Engineering to not only expand our current AI research but also become a true leader in the field that will have a major impact on the future.

This donation is just the latest example of the Butz familys commitment to philanthropy. In total, the familys gifts to Temple have a value of more than $3 million. In 2020, the Butzes donated $100,000 to establish the Brian and Susan Butz Term Scholarship in Electrical and Computer Engineering, and $100,000 in support of research at the College of Public Health.

The Butzes commitment to enhancing academic and research opportunities at Temple is evident, not only in their latest donation, but in their history of giving back to the university, said Mary Burke, vice president for institutional advancement. Their gift will have an immeasurable impact on the advancement of a cutting-edge discipline, and it will also serve as an inspiration to others who may want to follow in their footsteps in supporting the university.

The importance of support for endowed chairs at Temple University cannot be overstated, Burke added. Its critical to attract and retain faculty members who are at the top of their field.

This current gift is especially significant to the Butzes given its ties to AI, an area in which Brian was an early pioneer.

In the early 1990s he helped launch Temples Intelligent Systems Application Center, where he led undergraduate and graduate AI research projects funded by the National Science Foundation. During that same era, he led a research project in collaboration with the Fox Chase Cancer Center, which used AI to develop treatments for prostate cancer patients.

Butz led numerous other research projects and taught courses related to AI throughout the 1990s, at a time when few other institutions were offering courses on the technology. He was inspired to make this donation after witnessing firsthand the growing reliance on AI.

AI has become very popular. There have been a lot of recent improvements which give students the chance to participate in innovative research in an academic environment, said Butz, who served as a faculty member at the College of Engineering for more than 30 years. We made this gift to open doors for the students and faculty alike, through the scholarship, the research fund and the endowed chair.

In the decades since Butz began his work at Temple, AI research has spread throughout all departments in the College of Engineering. Faculty are investigating AI in areas such as supply chain optimization, urban planning, robotics, data science, human-machine collaboration, and predictive maintenance in infrastructure and healthcare settings.

The gift also advances the Butzes mission of making a quality Temple education more accessible to students of all backgrounds. Its a mission born from Brians personal experience as the first in his family to attend college.

Brian has always been keen on providing research and scholarship opportunities to students, because hes a first-generation college student and he really values his education, said Li Bai, ENG 96, chair of the Electrical and Computer Engineering Department. Bai came to Temple as an undergraduate student in 1993 when Butz was serving as chair of the department. The two formed a strong bond that has lasted throughout their Temple careers.

It was hard being the first in my family to go to college, because I felt a real obligation to do well. I think a lot of students experience that, too, Butz added. I saw myself in these students, and I knew I could help them and educate them. That is what influenced this donation the most.

The Butzes legacy will have a lasting impact, not only in the advancements and breakthroughs made at the College of Engineering, but also through the students who will lead the next chapter of AI research.

Computers are going to run the world one day, theres no avoiding that, said Jared Levin, Class of 2025. Levin was the fall 2023 recipient of the Brian and Susan Butz Term Scholarship in Electrical and Computer Engineering. He also serves as the president of Temple Robotics, and he plans to pursue a masters degree in robotics upon graduating.

AI is the future of engineering, so people need to learn it, he added. This gift will create great opportunities for Temple Engineering students.

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ST Engineering AirX and Bureau Veritas Sign Cooperation Agreement – The Maritime Executive

[By:Bureau Veritas]

ST Engineering AirX (AirX), a joint venture between ST Engineering and Peluca (formerly known as Wigetworks), today announced a strategic partnership with Bureau Veritas (BV), a global leader in the Testing, Inspection and Certification industry, aimed at advancing Wing-in-Ground (WIG) technology. The collaboration will focus on the classification and certification of AirXs AirFish WIG craft, which represents a vital step towards its entry into service.

The AirFish is a groundbreaking WIG marine craft that operates just above the water, utilising aerodynamic forces generated by ground effect to achieve a more fuel-efficient high speed of travel. Under the partnership, and a shared vision in driving innovation, AirX and BV will work together to classify and certify AirFish 8, a 10-seater WIG craft, under BVs NI525 process for the risk-based qualification of new technology, and liaise with flag states to register the marine platform in respective countries. AirX and BV will also pool their expertise and resources to establish a robust framework for the classification and certification of AirX's future WIG platforms, and lay the groundwork for the serial production of the AirFish WIG craft.

AirX will contribute its design and development specialisms as the original equipment manufacturer of the WIG craft, and leverage ST Engineerings expertise in aircraft certification and qualification with civil aviation authorities. BV will provide advisory services on the design and development of the AirFish WIG craft from a regulatory and classification perspective, as well as technology qualification assessments based on BVs NI525, classification and equipment certification services, whilst also providing risk and safety assessments associated with the development and operations of AirFish WIG craft.

Jeffrey Lam, President of Commercial Aerospace at ST Engineering, said, In our pioneering journey to commercialise the worlds first WIG craft, we have chosen to partner with Bureau Veritas to classify and certify our AirFish Wing-in-Ground solution. This is a significant milestone in realising the huge potential of Wing-in-Ground technology in areas such as maritime transportation, and the delivery of para-public and logistics services. We look forward to working with Bureau Veritas to establish new standards in innovation and safety, with a technology that is set to revolutionise maritime transportation."

David Barrow, Vice-President, South Asia and Pacific Zone at Bureau Veritas Marine & Offshore, commented,We are delighted to support the development and deployment of the innovative AirFish Wing-in-Ground technology. Leveraging our extensive industry and regulatory experience, alongside our technological expertise, we will collaborate closely with ST Engineering AirX to navigate the complexities of introducing this groundbreaking solution to the market, with the common goal of driving growth and efficiency for the maritime industry.

The products and services herein described in this press release are not endorsed by The Maritime Executive.

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ST Engineering AirX and Bureau Veritas Sign Cooperation Agreement - The Maritime Executive

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Application Security Optimised for Engineering Productivity – InfoQ.com

Laura Bell Main, author of Agile Application Security and founder of SafeStack, recently presented a webinar titled Decoding Dev Culture 2024, in which she provided a "from the ground view" of security in 2024. Drawing from her experience, and a 12-month SafeStack survey, Bell discussed the need for DevSecOps practioners to move away from an overfocus on SAST and other tooling. She advocated for a better understanding of the developer experience associated with security processes and tooling. Bell explained that effective security ownership can be encouraged through improved communication, and positively impacting engineer productivity.

Praising DevSecOps for its aim to unite development, security, and operations into "fullstack-capable" teams with a "shared sense of purpose," Bell also highlighted a concerning trend. She noted a shift toward siloing of DevSecOps capabilities. According to Bell, in practice, DevSecOps is often segregated into dedicated or SRE teams, detached from the delivery teams. This segregation, she explained, stems from cultural and operational challenges, such as security initiatives that are tightly coupled to CI/CD tooling, rather than the development teams running those pipelines.

Nikki Robinson, author of Effective Vulnerability Management, gave a talk at DevOps Summit Canada last November, titled Where Platform Engineering and Security Meet. Robinson discussed the discipline of "platform security engineering," as the practice of supporting developers in securing complex systems by treating the engineering teams as customers. She discussed the importance of taking a developer experience targeted approach to not just tooling, but also processes and collaboration models. Robinson said:

Similarly, Bell explained that contrary to the DevSecOps goal of "combining development, security and operations together," she was now seeing a repeat of historic patterns when security was "adopted into operations." Explaining the tensions which lead to this situation, she elaborated:

Bell observed that instead of focusing solely on DevSecOps, development teams are now prioritising their own engineering productivity. To ensure security remains a priority, she suggested strategies like reducing developer cognitive load through early visibility of upcoming security initiatives, improving tooling to reduce toil, controlling false alarms, and minimising factors which constrain autonomy, such as approval bottlenecks. SafeStacks ongoing application security surveyshowed that most companies have 1 application security professional for every 50 to 100 developers, highlighting the risk of such bottlenecks.

SafeStack survey on the ratio of dev to security professionals. (Source: SafeStack: Decoding Dev Culture 2024 - A Security Leadership Perspective)

Furthermore, Bell stressed the importance of security specialists being mindful of any additional friction they may introduce to engineering teams. Instead of exacerbating existing challenges, she advocated for approaches that facilitate adoption of improvements and accelerate development processes. She said:

Robinson also encouraged platform security engineering teams to invest in building relations and communicating with team members. She emphasised the importance of understanding the friction and challenges of security practices in order to better optimise for tools and processes supportive of individual and team context. She said:

By prioritising the reduction of developer toil and fostering a culture of continuous improvement, organisations can drive meaningful change and ensure the holistic security of their software infrastructure. Bell, who recently hosted the Securing Modern Software track at QCon London and guides thousands of organisations on their security journeys, closed her webinar by urging security leaders to support development teams in not just managing new systems, but also ensuring the security of legacy applications. She said:

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SVP Shlomit Weiss leaving Intel amid engineering reorganization – CTech

Just three years after her return to the company, Shlomit Weiss, the most senior Israeli figure at Intel, is departing the chip giant. Concurrently, Intel is undergoing an organizational change, integrating the company's Design Engineering Group, where Weiss served as co-general manager, into the company's business groups. Intel confirmed these details but asserted that Weiss' retirement was unrelated to the reorganization process.

Weiss boasts over 30 years of experience in the chip industry, primarily acquired at Intel, supplemented by approximately four years in a senior role at Mellanox. In her current capacity, Weiss oversees the development and design of chips in the realm of edge computing, alongside co-general manager Sunil Shenoy. Her retirement signifies a significant loss of knowledge and expertise for Intel, potentially impacting the status of Intel's R&D center in Israel within the company.

"Ms. Weiss has chosen to retire from Intel after an illustrious career," the company stated. "She will continue to serve as a consultant until the end of the summer. She is an exceptional leader who has made substantial contributions to both Intel and the industry."

Weiss has held many executive roles at Intel during her 28-year stint at the company. Over the years, she was the laureate of Intel's top award the Intel Achievement Award - for developing Intel's Dual-Core processor architecture in Israel, and led the development of the Sky Lake processor, ultimately named as "Intel's best-ever processor" by its then-CEO. She worked at Intel for 28 years before joining Mellanox in 2017. It was then acquired by Nvidia where she served as its Senior VP for Silicon Engineering before stepping down in July 2021.n

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DeepMind CEO says Google to spend more than $100B on AGI despite hype – Cointelegraph

Googles not backing down from the challenge posed by Microsoft when it comes to the artificial intelligence sector. At least not according to the CEO of Google DeepMind, Demis Hassabis.

Speaking at a TED conference in Canada, Hassabis recently went on the record saying that he expected Google to spend more than $100 billion on the development of artificial general intelligence (AGI) over time. His comments reportedly came in response to a question concerning Microsofts recent Stargate announcement.

Microsoft and OpenAI are reportedly in discussions to build a $100 billion supercomputer project for the purpose of training AI systems. According to the Intercept, a person wishing to remain anonymous, who has had direct conversations with OpenAI CEO Sam Altman and seen the initial cost estimates on the project, says its currently being discussed under the codename Stargate.

To put the proposed costs into perspective, the worlds most powerful supercomputer, the U.S.-based Frontier system, cost approximately $600 million to build.

According to the report, Stargate wouldnt be a single system similar to Frontier. It will instead spread out a series of computers across the U.S. in five phases with the last phase being the penultimate Stargate system.

Hassabis comments dont hint at exactly how Google might respond, but seemingly confirm the notion that the company is aware of Microsoft's endeavors and plans on investing just as much, if not more.

Ultimately, the stakes are simple. Both companies are vying to become the first organization to develop artificial general intelligence (AGI). Todays AI systems are constrained by their training methods and data and, as such, fall well short of human-level intelligence across myriad benchmarks.

AGI is a nebulous term for an AI system theoretically capable of doing anything an average adult human could do, given the right resources. An AGI system with access to a line of credit or a cryptocurrency wallet and the internet, for example, should be able to start and run its own business.

Related: DeepMind co-founder says AI will be able to invent, market, run businesses by 2029

The main challenge to being the first company to develop AGI is that theres no scientific consensus on exactly what an AGI is or how one could be created.

Even among the worlds most famous AI scientists Metas Yann LeCun, Googles Demis Hassabis, etc. there exists no small amount of disagreement as to whether AGI can even be achieved using the current brute force method of increasing datasets and training parameters, or if it can be achieved at all.

In a Financial Times article published in March, Hassabis made a negative comparison to the current AI/AGI hype cycle and the scams its attracted to the cryptocurrency market. Despite the hype, both AI and crypto have exploded their respective financial spaces in the first four months of 2024.

Where Bitcoin, the worlds most popular cryptocurrency sat at about $30,395 per coin in April of 2023, its now over $60,000 as of the time of this articles publishing, having only recently retreated from an all-time-high about $73K.

Meanwhile, the current AI industry leader, Microsoft, has seen its stock go from $286 a share to around $416 in the same time period.

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VueReal Strengthens Global Partner Ecosystem with Toray Engineering Alliance, Accelerating Global Adoption of … – AccessWire

Partnerships with Industry Leaders Create a Blueprint to Empower Customers to Manufacture MicroLED Displays and Micro Semi Products Efficiently

WATERLOO, ON / ACCESSWIRE / April 17, 2024 / VueReal, a pioneering force in MicroSolid Printing, today announced a strategic partnership with Toray Engineering Co., Ltd., a renowned semiconductor tool manufacturer. This collaboration reflects another significant step in VueReal's mission to bolster its global partner ecosystem, which is dedicated to propelling the widespread adoption of cutting-edge microLED displays and micro semiconductor products.

VueReal's collaboration with Toray Engineering extends across multiple customized and optimized tools and steps. The integration of Toray affiliate TASMIT's cutting-edge PL inspection tool 3000SR-300 with VueReal's turnkey MicroSolid Printing platform exemplifies VueReal's core objective to empower businesses of all sizes to design and deliver cost-effective, premium-quality, and environmentally sustainable microLED displays and micro semiconductor devices on a large scale.

Toray affiliate TASMIT's cutting-edge PL inspection tool 3000SR-300

"Partnering with leaders such as Toray Engineering is a key part of VueReal's strategy to empower companies of all sizes to innovate efficiently and sustainably with micro technologies," said Dr. Reza Chaji, Founder and CEO of VueReal. "VueReal's turnkey platform meets these needs, offering a comprehensive solution for high-quality, mass-producible, and intricate displays and micro-device structures. Integrating Toray Engineering's cutting-edge tools further solidifies our commitment to providing the essential blueprint to establish MicroSolid Printing as the gold standard."

Establishing a $30 Billion MicroLED Display Market by 2030

Leading the charge to establish a $30 billion microLED display market by 2030, VueReal's MicroSolid Printing platform tackles the primary challenge in the mass adoption of microLED displays-the efficient transfer of LEDs from wafer to backplane. VueReal's patented process transforms millions of micrometer-sized LEDs with unmatched efficiency, scalability, and high yield, paving the way for a revolution in the microLED display industry.

VueReal continuously assesses semiconductor tools worldwide, identifying key components to facilitate customers' cost-effective design and development of next-generation microLED displays, lighting solutions, and micro-semiconductor products across various industries. The company leverages its Canadian manufacturing facility to support innovative product development for customers, from feasibility studies to proof-of-concept development, product design, pre-production, and early-stage production. OEMs, display and semiconductor fabs, hardware companies, and other businesses can also license VueReal's turnkey platform to independently develop microdevices that far exceed the capabilities of today's display, lighting, and sensory solutions in a cost-competitive manner.

"Toray Engineering is excited about our strategic collaboration with VueReal," said Toyoharu Terada, Managing Director at Toray Engineering. "Our joint commitment to advancing the semiconductor industry through streamlined production of microLED displays is evident in this partnership. Integrating the PL inspection tool 3000SR-300 into VueReal's platform underscores our dedication to delivering sophisticated tools aligned with our shared vision for innovation and progress."

The PL inspection tool 3000SR-300 seamlessly integrates with VueReal's MicroSolid Printing platform to further reduce surface inspection device review time and contribute to greater inspection efficiency. This system acquires images of defects with a high level of magnification and categorizes defect types.

About Toray Engineering Co., Ltd.

Toray Engineering is a global leader in innovative engineering technologies. Established in 1960, Toray Engineering has been designing and providing plant construction and FA equipment, as well as state-of-the-art manufacturing facilities and equipment such as FPD/semiconductor production equipment. Under its business brand "TRENG", Toray Engineering contributes to society by creating new value and realizing solutions to create a sustainable society. https://www.toray-eng.com/

About VueReal

VueReal, a pioneer in MicroSolid Printing, is revolutionizing the micro semiconductor device industry with its eco-friendly micro-pixel manufacturing process. The platform enables the efficient transfer of MicroLEDs and other micro semiconductor devices, offering unmatched efficiency, reliability, and scalability. VueReal's patented method ensures high yield, throughput, and industry-leading defect rates, driving the microLED display market to a projected value of $30 billion by 2029. In addition to manufacturing microLED displays and lighting products for auto in Canada, VueReal licenses its MicroSolid Printing Blueprint to global OEMs, display fabs, and hardware manufacturers. For more information, please visit http://www.vuereal.com.

For media inquiries, contact:

Katherine Waite Trier & Company for VueReal [emailprotected] Phone: 617-599-9798

SOURCE: VueReal

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Google will spend more than $100 billion on AI, exec says – Quartz

After comparing the billions of dollars going into AI development to crypto hype, Googles AI chief executive said Monday the company will spend over $100 billion over time to develop AI technology.

ChatGPT requires 15 times more energy than a traditional web search, says Arm exec

Demis Hassabis, chief executive of Google DeepMind, talked about the tech giants investment into AI during a TED conference in Vancouver on Monday, where he was asked about OpenAIs and Microsofts reported plans for a U.S.-based data center referred to as Stargate, Bloomberg reported. The data center would house a supercomputer made up of millions of AI chips, and could cost up to $100 billion, The Information reported, citing unnamed sources.

We dont talk about our specific numbers, but I think were investing more than that over time, Hassabis said in response to the question about Stargate. He didnt offer further details on Googles spending plans, Bloomberg reported. Hassabis, who co-founded AI startup DeepMind in 2010 before it was acquired by Google in 2014, reportedly added that Google parent Alphabet has better computing power than its rivals, including Microsoft.

Thats one of the reasons we teamed up with Google back in 2014, is we knew that in order to get to AGI we would need a lot of compute, Hassabis said. Artificial general intelligence (AGI) is the point at which AI reaches human-level knowledge across a range of tasks. Google had and still has the most computers, Hassabis said.

In March, Hassabis told the Financial Times that the billions of dollars being poured into AI is reminiscent of crypto hype, and is taking attention away from the phenomenal science and research behind its development.

The investment into AI brings with it a whole attendant bunch of hype and maybe some grifting, he said, comparing it to crypto and similar areas, adding that the sentiment has now spilled over into AI, which I think is a bit unfortunate.

However, Hassabis said he thinks the industry is only scratching the surface of what is possible. Were at the beginning, maybe, of a new golden era of scientific discovery, a new Renaissance, he said.

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DeepMind Head: Google AI Spending Could Exceed $100 Billion – PYMNTS.com

Googles top AI executive says the companys spending on the technology will surpass $100 billion.

While speaking Monday (April 15) at a TED Conference in Vancouver, DeepMind CEO Demis Hassabis was asked about recent reports of Microsoft and OpenAIs planned artificial intelligence (AI) supercomputer known as Stargate,said to cost $100 billion.

We dont talk about our specific numbers, but I think were investing more than that over time, said Hassabis, whose comments were reported by Bloomberg News.

Hassabis, who co-founded DeepMind in 2010 before it was bought by Google four years later, did not offer further details on the potential AI investment, the report said. He also told the audience Googles computer power surpasses that of competitors like Microsoft.

Thats one of the reasons we teamed up with Google back in 2014, is we knew that in order to get to AGI we would need a lot of compute, he said, referring to artificial general intelligence, or AI that surpasses the intelligence of humans.

Thats whats transpired, he said. And Google had and still has the most computers.

Hassabis added that the massive interest kicked off by OpenAIs ChatGPT AI model demonstrated the public was ready for the technology, even if AI systems are still prone to errors.

As PYMNTS wrote earlier this month, the Stargate project spotlights the increasing role of AI in fueling innovation and determining the future of commerce. Experts believe that as tech giants invest heavily in AI research and infrastructure, the creation of sophisticated AI systems could revolutionize areas like personalized marketing and supply chain optimization.

It is important to consider the potential impact on jobs and the workforce, Jiahao Sun, founder and CEO at FLock.io, a platform for decentralized AI models, said in an interview with PYMNTS.

As AI becomes more capable in multimodal and integrated into commerce, it may automate industries that currently cannot easily be transferred into a chatbot interface, such as manufacturing, healthcare, sports coaching, etc.

Microsoft and OpenAIs $100 billion project could make AI chips more scarce, leading to more price spikes and leaving more businesses and governments behind due to limited access to hardware, CEO and co-founder of AI company NeuReality Moshe Tanachtold PYMNTS, while adding that projects like Stargate will drive commerce forward in the short term.

The installed hardware will fuel more AI projects, features and use cases, leading Microsoft to offer it at consumable prices, driving innovation on the consumer side with secondary use cases built on this accessible AI technology, Tanach said.

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NetZero Metals Awards Engineering Contracts and Advances Engineering Studies on Two Processing Facilities – PR Newswire

Highlights

TORONTO, April 17, 2024 /PRNewswire/ - NetZero Metals Inc. ("NetZero Metals" or the "Company"), a wholly-owned subsidiary of Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) today provided an update on the progress of engineering studies for two processing facilities a nickel processing facility and a stainless steel and alloy production facility in the Timmins Nickel District.

Key engineering contracts for the facilities have been awarded to SMS group ("SMS"), Metso and Ausenco Engineering Canada ULC ("Ausenco").

NetZero Metals is advancing design work to develop two processing facilities to fill a critical link in the development of North American critical minerals supply chains and the province's electric vehicle strategy. Each production facility is expected to utilize Canada Nickel's carbon storage capacity at its Crawford Nickel Project to deliver net zero carbon nickel and stainless steel and alloy production through capture of the CO2emissions from the downstream operation. The studies are progressing well and completion of feasibility studies remains targeted for year-end.

Mark Selby, CEO of Canada Nickel, said, "We are very pleased to work with global engineering leaders like SMS, Metso, and Ausenco to advance our NetZero Metals processing plants. These processing facilities will position the Timmins Nickel District and Canada at the forefront of the global transition to greener energy and materials. We are proud to lead the way in the development of new capacity to meet the growing demand for the local supply of critical minerals, and most importantly, zero carbon, environmentally responsible production in North America."

SMS group, an industry leader in the supply of steel making equipment and plant design, has been awarded the initial scope for the NetZero Metals stainless steel and alloy plant, which will treat the Crawford iron-chrome-nickel concentrate and other feeds to produce a blend of stainless steel and alloys. The target start up date of the steel plant is year-end 2027, aligned with expected first production from Crawford.

Andy Gribben, VP of Metallurgy Sales at SMS group, said "We are thrilled to have been chosen by NetZero Metals for such a pivotal role in advancing sustainable nickel and stainless steel production. At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry. Our metallurgical know-how and engineering skills combined with our digital expertise and plant technology enables us to be the leading partner on this project. We look forward to contributing our expertise to this transformative, environmentally responsible project."

Metso, an industry leader for the supply of pyrometallurgical process equipment, has been awarded the key portions of the initial nickel plant scope, which will process the Crawford nickel concentrate as well as third party feeds to produce a blend of nickel and nickel-cobalt products suitable for the steel and battery markets. The Company is targeting an early start up of the nickel plant in the first part of 2027 by leveraging an existing brownfield site for which positive discussions are already underway.

Ausenco, a long term partner of Canada Nickel Company, is performing the overall facility engineering and packaging of staged engineering studies.

About SMS

SMS group is renowned worldwide for its future-oriented technologies and outstanding service for the metals industry. The company applies its 150 years of experience and its digital know-how to provide the industry continuously with innovative products and processes even beyond its core business and generates worldwide sales of around 3.1 billion euros. SMS is the right partner for challenging projects, and supports its customers throughout the lifecycle of their plants, enabling profitable and resource-efficient value creation chains. Paving the way for a carbon-neutral and sustainable metals industry is the company's stated goal. For more information on SMS group and their portfolio, visit their website atwww.sms-group.us.

About Metso

Metso is a frontrunner in providing sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By helping its customers increase their productivity, improve their energy and water efficiency and environmental performance with process and product expertise, Metso is the partner for positive change. Metso's Fluid Bed business has been recently engaged to carry out fluid bed testwork and preliminary flowsheet development at its research and development center in Frankfurt, Germany. Metso has been developing world class fluid bed roasting applications for the non-ferrous industry since the 1950s.

About Ausenco

Ausenco is a global diversified engineering, construction and project management company providing consulting, project delivery and asset management solutions to the resources, energy and infrastructure sectors. Ausenco's experience in mining projects ranges from conceptual, pre-feasibility and feasibility studies for new project developments to project execution. Ausenco has been supporting Canada Nickel since 2020 when Ausenco was first engaged to lead the Preliminary Economic Assessment ("PEA") for the Crawford Nickel Sulfide Project. After successfully completing the study, Ausenco continued to support Canada Nickel through the Feasibility Study, which was released in the fourth quarter of 2023, by supporting the metallurgical pilot plant program, the process plant and building design and the site water management design, all while coordinating project consultants. Ausenco is now leading Front End Engineering and Design activities at Crawford as it advances towards a construction decision in 2025.

About the Nickel Processing Facility

Over three phases, the nickel processing plant is expected to reach a capacity of more than 80,000 tonnes of nickel annually, which is expected to make it the largest nickel processing facility in North America. Subject to permitting approvals, the plant plans to begin production by the start of 2027 utilizing third party feeds. The facility is expected to be further expanded with the startup and expansion of Canada Nickel's Crawford project. This plant is expected to utilize proven, low environmental footprint technology to produce high-quality nickel products, catering to the needs of both the stainless-steel/superalloy and the electric vehicle markets.

About the Stainless-Steel and Alloy Processing Facility

In addition to the nickel processing plant, a stainless steel and alloy production facility is expected to be established to process the iron-chrome-nickel concentrate from the Crawford Nickel project and other feeds to be transformed into more than 1 million tonnes of alloy products, including more than 500,000 tonnes of 304-grade stainless-steel annually. The facility is expected to grow along with the expansion at Crawford Nickel project and would become the largest stainless-steel production facility in Canada. Production is planned to begin by year end 2027, aligning with the planned start-up of the Crawford mine, subject to permitting approvals. Discussions are currently underway with leading global ferroalloy and stainless producers to partner on this project.

Qualified Person and Data Verification

Arthur G. Stokreef, P.Eng (ON), Manager of Process Engineering & Geometallurgy and a "qualified person" as such term is defined by National Instrument 43-101, has reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickelrequired to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Companyhas applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTMand is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and ironproducts. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions.Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in theheartoftheprolific Timmins-Cochraneminingcamp.Formoreinformation,please visitwww.canadanickel.com.

For further information, please contact:Mark Selby, CEO Phone: 647-256-1954 Email: [emailprotected]

Cautionary Note and Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the timing, outcome and completion of study activities including preliminary economic assessments, feasibility studies and/or front end engineering and design, the outcome of procuring a brownfield site, the product blend and overall production capacity of NetZero Metals and steel and alloy plants, the timing of plant start-up and expansions, the viability of either or both of the downstream processing lines including the nickel and steel and alloy processing lines, the ability to achieve zero carbon production from the nickel and or steel and alloy plants, the outcomes of the construction decision, the timing of first production at the Crawford Project, the receipt of permits, the ability to sell marketable materials, strategic plans, including future exploration and development plans and results, and corporate and technical objectives. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE Canada Nickel Company Inc.

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