Streetbeat News

Partnerships

IREN

NVDA

Iris Energy has expanded its AI cloud services agreement with Poolside, increasing the contracted NVIDIA H100 GPUs from 248 to 504. The contract now extends for an additional 4 months starting mid-April 2024, with a possible 2-month extension.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:15 am

DNA

IdeeLab Biotechnology has entered into an agreement with Ginkgo Bioworks, allowing Ginkgo's customers access to IdeeLab's strain discovery and manufacturing facilities for next-generation products.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:13 am

PPTA

Perpetua Resources Corp. has received a Letter of Interest from the Export-Import Bank of the United States for potential debt financing up to $1.8 billion for its Stibnite Gold Project. This financing is part of EXIM's 'Make More in America' and 'China and Transformational Exports Program' initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:12 am

AKTS

Akoustis Technologies, Inc. (AKTS) has secured a design win and volume orders for its Wi-Fi 7 solution with a Tier-1 enterprise class OEM. The OEM will use Akoustis' high-performance XBAW filters in a 4X4 MU-MIMO enterprise router platform, with volume orders supporting a production ramp in the second half of the calendar year 2024.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:12 am

SCNI

Scinai Immunotherapeutics' CDMO unit has entered into a five-year Master Service Agreement (MSA) with Ayana Pharma to provide drug development and cGMP manufacturing services. This includes aseptic filling, quality assurance, and encapsulating drug substances into Ayana's proprietary liposomal drug delivery system.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:10 am

TM

Toyota Motor Corp (NYSE:TM) is restructuring Daihatsu Motor Co., Ltd's operations to focus on mini vehicles and mobility, dissolving the Emerging-market Compact Car Company. Toyota will now oversee Daihatsu's overseas business from development to certification, with Daihatsu focusing on development. The move aims to prevent procedural irregularities and strengthen the partnership between the two, following a pause in Daihatsu's vehicle shipments due to safety certification issues.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 11:07 am

RDCM

RADCOM has renewed its multi-year collaboration with Rakuten Mobile, continuing to offer its current solutions and expanding to include AI-powered analytics like anomaly detection and automated root cause analysis.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:05 am

SATS

EchoStar's subsidiary, Hughes Network Systems, has been awarded a production contract by General Atomics Aeronautical Systems, Inc. (GA-ASI) to supply HM400T modems for the MQ-1C Gray Eagle 25M Unmanned Aircraft System's next-generation satellite communications system. These modems will enhance the UAS's endurance and resilience, especially in contested environments, by integrating with the Department of Defense's standard waveform technology and transmission security features.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:01 am

BWXT

BWX Technologies, Inc. (BWXT) and Rolls-Royce have been awarded $1.5 million by the UK Space Agency for Phase 2 of the International Bilateral Fund (IBF). This funding supports their collaboration on advancing fission nuclear systems for space power missions, benefiting both the UK and U.S. space nuclear development programs.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:47 am

SAVE

Spirit Airlines plans to furlough around 260 pilots by September 1, 2024, due to grounded aircraft from Pratt & Whitney GTF engine issues and aircraft deferrals for 2025 and 2026. A compensation agreement with Pratt & Whitney is expected to boost Spirit's liquidity by $150-$200 million.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:33 am