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HSII

Heidrick & Struggles International, a premier provider of executive search, leadership assessment, and development services, has announced the appointment of Thomas Monahan as its new CEO. Additionally, Tom Murray will take on the role of President. These leadership changes are expected to guide the company through its next phase of growth and development.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:06 pm

EDBL

Edible Garden AG Incorporated has been granted U.S. Patent No. 11,830,088 B2 for its GreenThumb Greenhouse Agriculture System. The patent covers methods and systems for optimizing greenhouse farming, including planting, pesticide application, and harvesting. The system uses sensors and a proprietary learning engine to forecast crop availability and predict market demand, allowing for automated planting and harvesting instructions. This is the third patent for the GreenThumb system, and the company is also seeking a trademark for the system's name.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:03 pm

ESGL

ESGL Holdings Limited (NASDAQ:ESGL), an enviro-tech company, has entered into a multi-year agreement with Sentosa Clay Products to co-produce sustainable bricks using ESGL's proprietary product, NEWSPAR. The agreement, which lasts until the end of 2025, will result in the production of over 10 million sustainable bricks annually, enough for about 1,000 two-storey houses. This partnership is expected to provide environmental benefits and an alternative revenue stream for ESGL.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:02 pm

PLAB

Photronics, Inc. (NASDAQ:PLAB) announced the retirement of CFO John Jordan, effective February 23, 2024. Jordan has been with the company since 2017 and contributed to its global expansion and capital allocation strategy. Eric Rivera, with the company since 2016 and currently the chief accounting officer, will serve as interim CFO upon Jordan's retirement. Rivera has extensive experience in accounting and financial reporting, including previous roles at IBM and Thompson Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:01 pm

CBSTF

The Cannabist Company Holdings Inc. has entered into a binding agreement with offshore institutional investors to repurchase up to $25 million of its 6.0% senior secured convertible notes due June 2025. This move is part of the company's strategy to reduce leverage and interest expenses. ATB Capital Markets served as the financial advisor for the transaction. The company has also obtained waivers from holders of $34.5 million of the notes, and if holders of the remaining $5 million participate, an additional $3.57 million of the notes could be repurchased. The company's stock closed 2.14% lower at $0.0111 per share on Monday.

Portfolio Pulse from Nina Zdinjak

January 23, 2024 | 1:57 pm

BLK

CSIQ

Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ), has secured a $500 million investment from BlackRock (BLK) to expand its renewable energy platform. The investment represents 20% of Recurrent Energy's shares on a fully diluted basis. Canadian Solar will retain the majority ownership. The capital will help Recurrent Energy grow its project pipeline and transition to a long-term owner and operator, particularly in the U.S. and Europe. The company has a significant development pipeline and expects to have substantial solar and storage operations by 2026. The transaction excludes certain regions and is subject to regulatory approvals. BlackRock's investment is from its Climate Infrastructure fund, aligning with the global trend towards renewable energy, with solar capacity expected to triple by 2027.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:45 pm

XBP

XELA

Exela Technologies, Inc. and XBP Europe announce the launch of Reaktr.ai, a new Global Business Unit focused on AI-powered cybersecurity, data modernization, and multi-cloud management. Reaktr.ai aims to address the talent gap in a rapidly changing industry and will be led by Vineet Chaku. The initiative includes establishing Centers of Excellence to enhance operational efficiency and innovation for enterprise customers. This strategic move positions Exela and XBP at the forefront of the cyber, large data, and generative AI landscape.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:37 pm

NXL

Nexalin Technology has received a title for its 'Transcranial Alternating Current Dynamic Frequency Stimulation (TACS) System'. This development could indicate progress in the company's technology and potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:34 pm

AMPX

Amprius Technologies, Inc. (NYSE:AMPX) has received the AS9100:2016 certification for its Fremont, CA production facility, demonstrating its commitment to high-quality standards in the aerospace and defense industries. The certification, which is specific to the aerospace sector, complements the company's renewed ISO9001:2015 certification. This achievement is expected to support Amprius' supply of batteries to the electric aviation industry, including eVTOLs, HAPS, and drones.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:33 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) has partnered with NOMAD Transportable Power Systems to launch new zero-emission, mobile EV charging platforms, ZEeB and EXZELCR. These platforms offer off-grid charging solutions with battery energy storage, targeting a variety of markets such as events, remote locations, disaster response, and fleet management. The initial ZEeB unit has a 500 kW power capacity and uses KORE Power lithium-ion battery cells. Larger units and the EXZELCR recharging platform are planned for later this year. The products are designed to enhance EV charging flexibility and support the transition to Net Zero emissions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:31 pm