Streetbeat News

Partnerships

DAIO

Data I/O Corporation (NASDAQ:DAIO) announced the sale of its 500th PSV automated programming system, marking a significant milestone. The PSV family, including PSV7000, PSV5000, PSV3500, and PSV2800, is recognized as the industry standard for device programming, serving the automotive, industrial, and consumer markets. Data I/O will showcase the PSV family and its security provisioning solutions at the IPC APEX Expo. The company's continuous innovation and partnership with top automotive electronics suppliers worldwide underscore its leadership in programming technology.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:07 pm

ASTC

Astrotech's subsidiary, 1st Detect, has its TRACER 1000 mass spectrometer listed on the U.S. General Services Administration (GSA) IT Schedule 70 under contract with SRI Group. This listing approves Astrotech as a U.S. government vendor, potentially opening up significant federal procurement opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:04 pm

HYMTF

TSLA

WKSP

Hyundai Motor Company (OTC:HYMTF) and Kia Corporation are enhancing their competitiveness in India by signing a memorandum of understanding with Exide Energy Solutions Ltd for localizing EV battery production. This move aligns with Tesla Inc's (NASDAQ:TSLA) interest in India for EV production due to lower labor costs. Hyundai plans to invest $2.40 billion in India, launching six EVs by 2028, while Kia will introduce three EVs, including the made-in-India Carens EV. Hyundai Motor America reported record sales, with a significant increase in EV sales. Hyundai's collaboration with Worksport Ltd (NASDAQ:WKSP) for solar-powered tonneau covers and portable battery systems indicates a commitment to R&D and eco-friendly innovations. The strategic focus on India's booming EV market, where sales are expected to rise by 66% this year, positions Hyundai, Kia, and Exide to capitalize on this growth.

Portfolio Pulse from Upwallstreet

April 08, 2024 | 1:02 pm

BAH

NET

Cloudflare, Inc. (NYSE:NET) and Booz Allen Hamilton (NYSE:BAH) have announced a collaboration to provide immediate Incident Response and DDoS mitigation services to Booz Allen's global commercial clients facing cyber attacks. This partnership offers a 30-Day Rapid Response DDoS Mitigation service, including continuous monitoring and protection, leveraging Cloudflare's extensive network and cybersecurity expertise. The collaboration aims to support enterprises during critical times of cyber threats, ensuring rapid mitigation and ongoing protection.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:02 pm

WAVE

Eco Wave Power has been chosen by an international energy company to conduct wave energy feasibility studies along the U.S. coastline. The company has initiated a three-month in-depth study in the U.S. and key regions to explore the best proposed implementation sites for commercial installations. The review process includes 77 sites.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:01 pm

VZ

Verizon Communications (NYSE:VZ) has seen a positive trend, gaining over 11.72% this year, partly due to its partnership with NASA for broadcasting the solar eclipse on April 8. This collaboration, along with others like with the U.S. Navy and Department of Veterans Affairs, has bolstered investor optimism. Technical analysis indicates a moderately bullish trend for VZ, with the stock trading above its simple and exponential moving averages, though caution is advised due to a nearing overbought condition.

Portfolio Pulse from Surbhi Jain

April 08, 2024 | 12:52 pm

AAPL

BTCUSD

ETHUSD

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's surge as its halving approaches, to US and world politics, the US economy, tech innovations, electric vehicles, and more. Key highlights include Bitcoin, Ethereum, and Dogecoin's price movements, Ripple CEO's market prediction, and various political and economic developments in the US and globally. It also touches on tech updates like Apple's new initiatives and Tesla's focus on autonomy.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 12:49 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN), a biotech firm, issued a shareholder letter from CEO Wa'el Hashad, marking his first year and outlining the company's strategy, clinical pipeline, and 2024 priorities. The letter emphasized the development of Lomecel-BTM, targeting Hypoplastic Left Heart Syndrome (HLHS) and Alzheimer's Disease, with significant advancements and designations from the FDA for HLHS. The company plans to focus on strategic collaborations, leveraging manufacturing capabilities, and efficient resource management. Longeveron highlighted the need for additional capital to continue operations beyond Q2 2024, mentioning a recent reverse stock split and SEC registration statement filing.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:44 pm

MULN

Mullen Automotive, Inc. (MULN) announces significant cost reduction and consolidation measures expected to save approximately $170 million over the next 12 months. The company is focusing on the commercial EV segment, aiming to sell 100 units in April, as part of its strategy to align with current market conditions and drive near-term revenue. These actions include prioritizing commercial programs, integrating engineering centers, and expanding the dealer network, aiming for long-term growth and improved financial results.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:43 pm

KULR

KULR Technology Group has been awarded a contract to supply Safecases to an eVTOL company, focusing on thermal runaway characterization for eVTOL aircraft batteries. This collaboration is expected to lead to more product and design opportunities, aiming for recurring revenue and addressing battery safety and management challenges.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:41 pm