Streetbeat News

Partnerships

XPER

Xperi Inc. has issued a letter to its stockholders, urging them to vote for its five director nominees at the upcoming Annual Meeting on May 24, 2024. The letter highlights Xperi's transformation from a semiconductor IP licensing company to a consumer entertainment technology company, focusing on connected TV advertising, streaming television, and in-vehicle infotainment. Xperi's board and management have driven this change, notably through acquisitions like DTS and the merger with TiVo. The company has seen five consecutive quarters of year-over-year revenue growth and expects continued growth and margin expansion. Xperi is contesting Rubric Capital's campaign to replace two directors, arguing that Rubric's nominees lack relevant experience and could hinder the company's progress.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:35 pm

IGMS

SNY

IGM Biosciences has entered into a global collaboration agreement with Sanofi to create and develop IgM agonist antibodies, focusing exclusively on immunology and inflammation targets. This partnership aims to leverage the expertise of both companies in the field of immunology to address unmet medical needs.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:34 pm

SIDU

Sidus Space, Inc. (SIDU) has become a part of the Orbital Transports Partner Program, aiming to enhance its capabilities and market reach in the space sector. This partnership is expected to leverage Sidus Space's expertise in satellite and space-related services, potentially opening new avenues for growth and collaboration within the industry.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:32 pm

LUCY

Innovative Eyewear has entered into a distribution partnership with Windsor Eyes, aiming to expand its market reach and enhance product distribution. This strategic move is expected to positively impact Innovative Eyewear's distribution capabilities and market presence.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:32 pm

BNZI

New To The Street and Banzai International have entered into a 12-month media contract, although the financial details of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:31 pm

JNVR

Janover Inc (NASDAQ:JNVR) reported a 766% growth in lender sign-ups on its fintech platform in 2023, including banks, credit unions, and other financial entities. The platform now accounts for a significant share of FDIC and NCUA insured institutions, with notable partners like Ameris Bank, Bank OZK, TD Bank, and Zions Bank. Despite this growth, JNVR shares fell by 4.46% to close at $1.07.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 12:30 pm

JNVR

Janover Inc. has reported a significant 647% increase in credit union originator sign-ups in 2023, indicating a substantial growth in its business operations and potential expansion in its market reach.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:30 pm

EZGO

EZGO Technologies Ltd. (NASDAQ:EZGO) has entered into a five-year strategic cooperation framework agreement with Woteam New Energy to jointly explore the Southeast Asian market by developing automotives and electric products. The partnership aims to integrate EZGO's electric bicycle expertise with Woteam's advanced battery technology to establish production plants across Southeast Asia, enhancing their strategic positioning in intelligent industries. This collaboration is expected to significantly expand EZGO's global market presence, aiming for annual sales of 500,000 electric two-wheeled vehicles and 400,000 sets of lithium batteries, targeting aggregate revenues of $500 million.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:07 pm

ZPTA

Zapata AI (NASDAQ:ZPTA) announced a $1M commercial expansion with Andretti Global, making it Andretti's official AI Partner. This expansion, effective March 28, 2024, aims to enhance Andretti's engineering, operations, and race strategy across multiple racing series through generative AI and technical expertise. The partnership, which began in February 2022, has already seen the development of advanced ML models for race day performance improvements. The new engagement includes building an AI-ready database for Andretti's racing configurations and is expected to contribute to Zapata AI's sequential quarter-over-quarter bookings growth.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:03 pm

BNGO

Bionano Genomics has entered into an OEM partnership with Diagens to commercialize a clinical cytogenetic analysis that combines Optical Genome Mapping (OGM) with Artificial Intelligence (AI). This collaboration aims to enhance the capabilities and applications of cytogenetic testing, potentially leading to more accurate and efficient diagnoses.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:03 pm