Ault Alliance announced that MTIX Ltd., a wholly owned subsidiary of the company’s majority owned subsidiary, Avalanche International Corp., has entered into a license agreement for its patented Multiplexed Laser Surface Enhancement technology. The MLSE technology employs several different process algorithms for digital scouring and post-dye cleaning to help reduce and eliminate water from processes that are historically water intensive. Installation of MTIX’s technical textile treatment system, which utilizes a proprietary, patented MLSE processing technology, is expected to be completed by year end. Currently, the system is scheduled to undergo final testing, configuration, and training, prior to becoming fully operational during Q1 2024.
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