Streetbeat News

Partnerships

ITRI

Itron, Inc. (NASDAQ:ITRI) has acquired Elpis Squared, a provider of software and services for utility grid operations, to expand its Grid Edge Intelligence portfolio. This acquisition aims to accelerate the energy transition by enhancing grid planning, operations, and engineering with Elpis Squared's expertise. Elpis Squared's solutions, including the RE|Grid Suite, will be integrated with Itron's solutions to improve grid modeling, analytics, and scenario planning, among other benefits. The combined offerings are expected to address operational challenges and support utilities in navigating the energy transition, with integrated solutions available in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:10 pm

ANSS

HYMTF

Hyundai Motor Company has selected Ansys (NASDAQ:ANSS) as a preferred supplier for structural simulation solutions, specifically Ansys Mechanical™ and Ansys LS-DYNA™, for next-generation vehicle body system analysis. This decision comes after an 18-month competitive evaluation, highlighting Ansys' superior market strategy, predictive accuracy, and product development commitment. The collaboration aims to enhance vehicle safety and comfort through advanced simulation tools.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:08 pm

SBUX

The Strategic Organizing Center (SOC), a shareholder of Starbucks Corporation (NASDAQ:SBUX), has withdrawn its director nominations following an agreement between Starbucks and Workers United. This agreement, which includes collective bargaining and benefits for employees, is seen as a significant step towards improving Starbucks' labor relations and enhancing shareholder value. The SOC believes this move will allow Starbucks to focus on its new commitments to workers and governance reforms, potentially leading to improved company performance.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:37 pm

AMPX

Amprius Technologies, Inc. (AMPX) has completed a high-volume shipment of its SiMaxx cells to the Korean Aerospace Research Institute (KARI), marking a significant milestone in its partnership aimed at advancing high-altitude pseudo-satellite (HAPS) applications. This collaboration underscores Amprius' role as a leading provider of innovative lithium-ion battery solutions, with its Silicon Anode Platform enabling significant advancements in aerospace technology. The SiMaxx cells, known for their high energy density, are expected to enhance the performance and efficiency of KARI's solar-powered stratospheric vehicles, contributing to longer flight durations and greater payload capabilities. Amprius plans to scale up production of these cells at its Colorado facility by 2025.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:37 pm

ITI

Iteris, Inc. (NASDAQ:ITI) has been awarded a contract by the Virginia Department of Transportation to develop a Traffic Operations Strategic Plan (TOSP) for Virginia. This initiative aims to improve safety, accessibility, and efficiency across the state's traffic operations. The project will involve collaboration with VHB, Kimley-Horn, and Prime AE, covering project management, research, development, and completion of the TOSP.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:36 pm

BLDP

Ballard Power Systems (NASDAQ:BLDP) announced a 15 MW fuel cell system order from a UK-based renewable off-grid power generation company. The order, to be delivered between late 2024 and 2025, signifies growth in Ballard's supply relationship and showcases the performance of its fuel cell technology in stationary power applications. This first order under a new multi-year supply agreement could expand to 446 systems if the customer exercises an option to purchase an additional 296 systems by March 2026.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:35 pm

PATK

Patrick Industries, Inc. (NASDAQ:PATK) announced the appointment of Andy Roeder as Executive Vice President-Finance, Chief Financial Officer (CFO), and Treasurer, effective March 5. Roeder, with extensive experience in finance and the marine industry, including roles at Polaris Boats and Bennington Marine, is expected to support Patrick's strategic growth in the Outdoor Enthusiast and Housing markets. The company expressed confidence in Roeder's ability to contribute to its financial foundation and growth objectives. Matt Filer, who served as Interim CFO since May 2023, will resume his role as Senior Vice President-Finance and take on the role of Corporate Controller.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:33 pm

WDC

Western Digital Corp. (NASDAQ:WDC) is progressing with its plan to separate into two independent, publicly traded companies, focusing on HDD and Flash businesses, by the second half of 2024. The company has made significant advancements in preparation, including establishing legal entities, transferring contracts, and appointing executive leaders for both future companies. David Goeckeler is appointed as CEO Designate for the Flash company, while Irving Tan will become CEO of the standalone HDD company, continuing as Western Digital.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:31 pm

SLP

Simulations Plus, in partnership with the University of Bath, has been awarded an FDA grant to develop an enhanced, validated dermal PBBM/PBPK model. This model aims to inform product development and bioequivalence decisions, marking a significant advancement in the field.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:31 pm

AMZN

GOOG

GOOGL

AI startup Anthropic, backed by Alphabet Inc.'s Google and Amazon.com Inc., has introduced Claude 3, a generative AI model that claims to outperform OpenAI's GPT-4 in several metrics, including graduate-level reasoning and math problem-solving. Claude 3 comes in three sizes and is touted for its superior analysis, forecasting capabilities, content creation, code generation, and multilingual conversation skills. In benchmark tests, Claude 3 Opus slightly outperformed GPT-4 and Gemini Ultra.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 1:24 pm