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Partnerships

MSFT

VTSI

VirTra, Inc. (VTSI) has been awarded a $5.9 million prototype contract by the U.S. Army IVAS program, with Microsoft acting as the prime contractor. The contract involves the delivery of bolt kits, magazines, and high-pressure air fill stations, all tailored to the IVAS program's specifications. Revenue recognition from this contract is expected in three phases throughout 2024, encompassing reliability testing, soldier assessment, and final hardware deliveries. This order underscores VirTra's ongoing involvement and commitment to the IVAS program, highlighting its enhanced production capabilities and readiness for mass production to meet the U.S. Army's requirements.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:03 pm

CTM

Castellum's shares surged following the announcement of a strategic alliance between its subsidiary Specialty Systems and Epic Systems, signaling potential growth and collaboration opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:01 pm

FEPI

MU

PSI

Micron Technology Inc (NASDAQ:MU) is set to receive $6.1 billion in grants from the U.S. Commerce Department for its domestic semiconductor production expansion, aligning with the national strategy to boost American chip manufacturing. The funding, part of a broader package including loans, supports Micron's construction of up to five new factories in New York and Idaho. This move, highlighting Micron's focus on high-bandwidth memory (HBM) and its leadership in the HBM3E sector, is expected to significantly enhance its gross margins. Micron's stock has seen an 88% increase over the last 12 months, with options for investors to gain exposure through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE:PSI).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 11:53 am

TGTX

TG Therapeutics announced that Briumvi (Ublituximab), its treatment for relapsing forms of multiple sclerosis, has been selected as the preferred agent on the VA National Formulary for anti-CD20 antibody indications. This national contract with the Department of Veterans Affairs marks a significant milestone for the company, potentially increasing the drug's usage and visibility within the VA healthcare system.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:44 am

CF

CF Industries Holdings Inc (NYSE:CF) and Japan's JERA have signed a joint development agreement to explore the development of a low-carbon ammonia plant in Louisiana. The plant aims for a 1.4 million metric ton capacity, with JERA planning a 48% ownership and an agreement to procure over 500,000 metric tons annually. This collaboration marks an expansion of their relationship, aiming for a final investment decision within a year and production commencement in 2028. The initiative supports decarbonization goals, with JERA intending to use the ammonia to replace coal in thermal power plants.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 11:44 am

RNW

Renew Energy Global (RNW) has entered into an initial agreement with Jera Co to collaboratively assess the development of a green ammonia production project in India. This partnership aims to explore the potential for sustainable energy solutions in the region.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:34 am

EVO

Evotec and Variant Bio have entered into a collaboration agreement to discover treatments for diseases caused by fibrosis. Evotec will receive research funding, with potential for pre-clinical and clinical milestones and/or royalties based on the program's success.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:29 am

ECX

ECARX has formed a strategic partnership with FAW Group to develop intelligent cockpits for FAW's premium Hongqi brand vehicles. This collaboration aims to enhance the driving experience by integrating advanced technologies into the vehicle's cockpit, marking a significant step in the automotive industry's shift towards more intelligent and connected vehicles.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:20 am

RTX

RTX has signed an agreement with ENGIE Resources LLC, a subsidiary of Engie North America, to supply 100% renewable electricity to 12 of its Texas facilities until 2033. This deal, starting in 2024, will deliver over 1.5 million megawatt hours of renewable power over 10 years, reducing RTX's carbon emissions by approximately 560,000 metric tons.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:16 am

BTCY

Biotricity Inc. has initiated a pilot program for cardiac monitoring across a hospital system that includes 9 hospitals and 10 clinics. This expansion into a significant healthcare network marks a pivotal step for Biotricity in demonstrating the effectiveness and scalability of their cardiac monitoring solutions.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:08 am