Auddia Inc. (NASDAQ: AUUD) announced today that its subsidiary LT350 has signed a non-binding Letter of Intent (LOI) with a NYSE-listed medical real estate investment trust (REIT) to deploy the first pilot installation of LT350’s solar-integrated AI micro-datacenter canopy. The pilot is expected to take place 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’s patented architecture integrates modular GPU, memory, and battery storage cartridges 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.
“Healthcare is one of the most latency sensitive and data security intensive environments for AI inference,” said Jeff Thramann, M.D., CEO of Auddia and founder of LT350. “We believe this LOI represents a meaningful validation of LT350’s potential to deliver secure, high‑performance, on‑premise inference compute directly adjacent to clinical operations.”
The pilot will focus on validating LT350’s ability to deploy high-performance AI compute directly at the point of need, support HIPAA-aligned inference workloads, reduce grid impact through solar generation and battery buffering, preserve all parking functionality, and demonstrate the operational and economic advantages of distributed inference. LT350 estimates that approximately 18 months of design, engineering, and testing work will be required following the closing of the proposed merger to stand up the first LT350 canopy with its integrated GPU, memory, and battery storage cartridges.
If the pilot is successful, LT350 expects to expand across the Medical REIT’s broader portfolio of almost 200 medical properties as applicable. These properties include hospitals, outpatient facilities, and medical office buildings—locations where proximity, data sovereignty, and deterministic performance are critical for AI-driven clinical and operational workflows.
“We view this pilot as the first step in a broader strategy to bring distributed AI infrastructure to healthcare campuses nationwide,” said Thramann. “Hospitals and medical facilities are among the highest‑value inference environments, and we believe LT350 is uniquely positioned to serve them.”
Under its proposed business model, LT350 anticipates entering into site-specific lease agreements with property owners, including the Medical REIT, for the use of parking-lot airspace and canopy infrastructure. This structure enables LT350 to deploy distributed AI datacenters without requiring land acquisition while providing property owners with a new revenue stream tied to AI infrastructure. The Company believes this model aligns incentives between LT350 and its real estate partners and supports scalable deployment across large property portfolios.
While the Company advances the engineering and testing required for the pilot, LT350 intends to pursue additional partnerships with healthcare systems, logistics operators, research campuses, and other organizations seeking to deploy distributed AI compute in parking-lot environments. For information about LT350, please visit www.LT350.com.
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, LLC is completed. Auddia is a company that, through its proprietary AI platform for audio, is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content. For more information, visit www.auddia.com.
