Streetbeat News

Partnerships

VUZI

Vuzix Corporation (NASDAQ:VUZI) has entered into a reseller agreement with UK-based IT and business solutions firm Purview Services, shipping an initial high 6-figure order of smart glasses. Purview will distribute Vuzix's AR smart glasses across EMEA and India, targeting sectors like healthcare, utilities, manufacturing, logistics, and defense with voice-driven AI solutions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:19 pm

HYMTF

Hyundai Motor (OTC:HYMTF) introduced a racing car variant of its IONIQ 5 N EV, named the IONIQ 5 N eN1 Cup, ahead of its Hyundai N Festival motorsports event. This race car, designed for professional drivers, features slick tires, a redesigned body kit for better handling and aerodynamics, and customizable fake engine noises. It's lighter due to the removal of non-essential components and emphasizes safety with racing seats and harnesses. The unveiling marks Hyundai's entry into EV racing, with the Hyundai N Festival at Inje Speedium being the debut event for the eN1 class, aiming to position Hyundai as a leader in EV motorsports.

Portfolio Pulse from Anan Ashraf

April 02, 2024 | 12:18 pm

CAE

KULR

KULR Technology Group, Inc. (NYSE:KULR) has secured a contract worth over $1 million from H55 Inc. for its Thermal Runaway Shield (TRS) technology, aimed at enhancing safety in electric propulsion systems (EPS). The technology will be used in systems for major firms like Pratt & Whitney and CAE Inc. (NYSE:CAE), meeting EASA's safety standards. The deal marks a significant step in electric aviation safety, with KULR's shares closing up 7.89% at $0.41.

Portfolio Pulse from Akanksha Bakshi

April 02, 2024 | 12:16 pm

KULR

KULR Technology has announced that H55 will use its Thermal Runaway Shield (TRS) in propulsion systems for major industry players like Pratt & Whitney and CAE. This collaboration highlights KULR's role in enhancing safety and efficiency in aviation propulsion technologies.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:15 pm

CTSH

MKC

Cognizant has signed a new agreement to transform and manage the global technology infrastructure of McCormick & Company, aiming to deliver predictable business outcomes with AI automated tools.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:10 pm

MXCT

MaxCyte, Inc. has entered into a strategic platform licensing agreement with Be Biopharma. The financial terms of the deal were not disclosed. This partnership could potentially enhance MaxCyte's position in the biopharmaceutical sector by leveraging its technology with Be Biopharma's expertise.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:09 pm

VBIV

VBI Vaccines has expanded its collaboration with the Canadian government, directing the remaining C$28M of the initially committed C$56M towards the development of its MLE Platform.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:09 pm

VBIV

VBI Vaccines has announced an expansion of its strategic partnership with the Canadian government, directing the remaining CAD$28M of the original CAD$56M award towards the continued development of its proprietary technology platforms.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:08 pm

ACOR

GRTS

PIK

VTSI

XTIA

VirTra, Inc. (NASDAQ:VTSI) shares surged 20% in pre-market trading after reporting Q4 earnings and sales above expectations. Other stocks also showed significant movement in pre-market trading, with notable gainers including XTI Aerospace, Inc. (NASDAQ:XTIA) and Kidpik Corp. (NASDAQ:PIK), and losers like Acorda Therapeutics, Inc. (NASDAQ:ACOR) and Gritstone bio, Inc. (NASDAQ:GRTS).

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 12:04 pm

EMN

KRO

SMG

Wall Street's most accurate analysts have provided updates on three materials sector stocks with over 3% dividend yields: Kronos Worldwide, Inc. (KRO), Eastman Chemical Company (EMN), and The Scotts Miracle-Gro Company (SMG). KRO received an Underweight and a Sell rating with increased price targets, following better-than-expected Q4 results. EMN maintained Buy ratings with slightly adjusted price targets after being selected for a significant investment by the US Department of Energy. SMG was downgraded to Market Perform by Raymond James and had its price target cut by Barclays, after posting a narrower-than-expected quarterly loss.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 12:02 pm