Streetbeat News

Partnerships

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) and Soldier On, Inc. have announced a non-binding Letter of Intent to design, build, and operate an 800-unit supportive housing community for veterans and first responders with disabilities. The project also includes an 80,000-square-foot, ADA-compliant manufacturing facility in McClean, Oklahoma, aimed at employing wounded veterans in the construction of the housing units.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:41 pm

KULR

KULR Technology Group Inc. has received an initial order for battery testing of its SafeCASE product from a US automaker. This marks a significant step for KULR in the automotive industry, potentially leading to more extensive collaborations and adoption of its technology in automotive battery safety and testing.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:37 pm

SCPX

Scorpius Holdings has secured a contract worth over $1 million with an NIH-funded researcher at a university. This contract could signify a significant step forward for Scorpius Holdings in terms of revenue and market presence.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:34 pm

MTSI

NOC

MACOM Technology Solutions Inc. (MTSI) has been awarded two supplier awards by Northrop Grumman Corporation (NOC) for its contributions to national security solutions and support of manufacturing and distribution goals. The awards highlight MACOM's commitment to quality excellence and its role as a top large business partner in the defense industry.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:33 pm

STEM

Stem, Inc. (NYSE:STEM) has been selected by Central Coast Community Energy and Silicon Valley Clean Energy to provide its Athena PowerBidder Pro software for bid optimization management of battery energy storage systems in the California Independent System Operator market. This partnership aims to enhance operational efficiencies, maximize asset value, and support the CCAs' emission reduction goals. PowerBidder Pro will manage three resource sites starting in 2024, with its success dependent on bid strategy, market conditions, and contract constraints.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:32 pm

CYBR

CyberArk (NASDAQ:CYBR), an identity security company, announced that its SaaS offerings, CyberArk Endpoint Privilege Manager and CyberArk Workforce Identity, have achieved FedRAMP High authorization. This status enables CyberArk to support federal agencies and public sector organizations in securing access to applications, protecting distributed workforces, and accelerating cloud innovation based on Zero Trust principles. The authorization aligns with the government's Cloud Smart strategies and Zero Trust compliance, emphasizing CyberArk's commitment to enhancing public sector cybersecurity.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 12:28 pm

NVDA

SOUN

SoundHound AI, Inc. (SOUN) shares are trading lower premarket after launching an innovative in-vehicle voice assistant that runs on NVIDIA Corporation's (NVDA) DRIVE platform. The SoundHound Chat AI offers real-time and generative AI capabilities for in-vehicle use, promising fast, accurate information even without connectivity. The collaboration aims to enhance the driving experience and safety. SoundHound AI's FY23 revenue growth was 47.36%, influenced by various factors including the macroeconomic environment. Investors are advised to consider economic conditions when evaluating SoundHound AI's stock.

Portfolio Pulse from Lekha Gupta

March 19, 2024 | 12:26 pm

ERIC

Ericsson (NASDAQ:ERIC) has launched Ericsson Federal Technologies Group (EFTG) to drive 5G digital transformation for U.S. federal agencies, emphasizing national security and economic benefits. EFTG, led by Christopher Ling, aims to leverage Ericsson's 5G technology and Made in the USA equipment to meet U.S. Government requirements. The initiative underscores Ericsson's commitment to U.S. connectivity, security, and technological leadership.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:21 pm

COYA

Coya Therapeutics reported a significant improvement in its FY23 financial results with EPS improving to $(0.79) from $(4.73) YoY. The company also highlighted a collaboration revenue of $6M and an increase in cash and cash equivalents to $32.6 million. A notable part of their income includes a $7.5 million upfront payment from Dr. Reddy's for the COYA 302 licensing arrangement. R&D expenses rose to $5.5 million, primarily due to increased preclinical and internal R&D expenses, while G&A expenses increased to $7.8 million due to higher personnel and professional fees. The net loss narrowed to $8.0 million from $12.2 million YoY.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:19 pm

CLPT

ClearPoint Neuro, Inc. (CLPT) congratulates its partner PTC Therapeutics on the completion of a Biologics License Application (BLA) submission to the FDA for Upstaza, a treatment for AADC Deficiency. If approved, Upstaza would be the first therapy for this condition in the U.S. AADC Deficiency is a rare, fatal genetic disorder causing severe disability from birth. ClearPoint's SmartFlow Cannula, used in delivering gene therapies to the brain, has been sold over 7,000 times and is part of their partnership with PTC Therapeutics.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:17 pm