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Corporate Responsibility

AIP

Arteris, Inc. (NASDAQ:AIP), a provider of system IP for system-on-chip creation, has achieved ISO 9001:2015 Quality Management System certification. The certification was conducted by DEKRA, a global expert in the testing, inspection, and certification sector. The certification validates Arteris' commitment to quality management across all operations.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:47 pm

MMAT

Meta Materials Inc (MMAT) plans to streamline its operations by focusing on three core business lines and spinning off other business lines. The company also intends to eliminate redundancies, including overhead and non-essential workforce, expecting to save approximately $20M-$30M annually. The restructuring is aimed at capturing and preserving additional capital for expenses and R&D focused on core products.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:42 pm

MMAT

Meta Materials Inc. (MMAT) announced preliminary positive results from its restructuring, focusing on core business lines generating revenue. The company's CFO and COO, Uzi Sasson, has been appointed as CEO, effective immediately. The company has also reported recent multi-million-dollar business wins, new purchase orders worth $6.2 million, and a larger agreement with a G10 central bank customer worth up to $41.5M over 5 years. The company is showcasing its latest innovation at the Dubai Airshow in November 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:41 pm

AMKR

Amkor Technology, Inc. (NASDAQ:AMKR) has committed to setting targets to reduce greenhouse gas emissions in alignment with the Science Based Targets initiative (SBTi). The company's commitment includes the formulation of both near-term and net zero emissions targets. Amkor plans to submit its targets to SBTi for validation in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:39 pm

HON

WFRD

Weatherford International plc (NASDAQ:WFRD) has signed a memorandum of understanding with Honeywell (NYSE:HON) to deliver a combined CygNet™ SCADA and Honeywell Emissions Management suite for advanced emissions management. The integrated system will facilitate immediate access to essential data, enhance operational efficiency, and help customers achieve decarbonization targets.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:31 pm

GE

General Electric Co (NYSE:GE) has agreed to a $9.4 million settlement with the U.S. Department of Justice over claims that its GE Aerospace's Lynn facility sold improperly inspected or noncompliant parts to the U.S. Army and Navy. The settlement covers a period from July 2014 to December 2019. GE Aerospace has taken corrective steps to prevent future occurrences. GE is in the process of segregating into three entities focusing on aviation, energy, and healthcare.

Portfolio Pulse from Shivani Kumaresan

November 07, 2023 | 1:26 pm

ABUS

Arbutus Biopharma Corporation's CEO, William Collier, has announced his retirement effective December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:18 pm

INGR

Ingredion has announced plans to reorganize its business operations to focus more on its production assets and commercial efforts. The company aims to streamline its operations and improve efficiency.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:31 am

META

Meta Platforms Inc. has announced that it will prohibit political advertisers from using its generative AI advertising tools in an effort to curb the spread of election misinformation. The decision could impact the company's advertising revenue.

Portfolio Pulse from Charles Gross

November 07, 2023 | 12:19 am

WMC

Western Asset Mortgage Capital has announced its intention to adjourn the special meeting of stockholders until December 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:18 pm