Streetbeat News

Partnerships

SPNS

Sapiens International Corporation (NASDAQ:SPNS) announced its strategic expansion in the Canadian market to support and grow its customer base among Canadian insurers. This move includes increasing its workforce in Ontario and enhancing its software solutions offerings, such as Sapiens CoreSuite for Workers Compensation and Sapiens DigitalSuite. The expansion aims to strengthen Sapiens' presence in Canada, where it has been serving leading insurers for over 15 years, and to support new and existing customers with advanced SaaS solutions.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:51 pm

XPDB

Power & Digital Infrastructure Acquisition II Corp. (XPDB) and Montana Technologies announced a planned business combination for March 12, 2024, supported by over $50 million in commitments from third parties including Carrier and Rice Investment Group. This move will fuel the launch of a joint venture between GE Vernova and Montana Technologies to commercialize AirJoule® technology for atmospheric water generation and Carrier air conditioning products. The venture will leverage a global supply agreement with BASF and strategic partnerships with CATL, the U.S. Department of Energy, and the Rice Investment Group to scale production.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:49 pm

AREC

American Resources Corporation's subsidiary, ReElement Technologies, has signed a sales agreement with USA Rare Earth LLC for the production and sale of ultra-pure rare earth oxides. The agreement, starting in 2025, will eventually lead to over $65 million in annual revenue by 2028 from the sale of over 900 metric tons of high purity oxides annually. This partnership aims to support the domestic production of permanent magnets and contribute to the U.S. supply chain for rare earth and critical battery elements, utilizing ReElement's patented, environmentally friendly technology.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:41 pm

SHOT

Safety Shot, Inc. (NASDAQ:SHOT), a wellness beverage brand, announced the appointment of John Gulyas as Chairman of the Board, succeeding Glynn Wilson PhD. Gulyas, a serial entrepreneur with multiple 7-figure exits and co-founder of the Safety Shot beverage, aims to lead the company towards becoming a leading brand in the wellness industry. His diverse experience and successful track record in brand development and franchise operations are expected to contribute significantly to Safety Shot's growth and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:40 pm

BKSY

BlackSky Technology Inc. (NYSE:BKSY) has been awarded a multi-million dollar contract by the U.S. Department of Defense to supply and annotate thousands of multi-frame burst images. These images will be used to train artificial intelligence models for identifying moving targets in commercial motion imagery. The contract includes subscription-based access to BlackSky's Spectra tasking and analytics platform, which will support various customer-approved exercises, technology demonstrations, and operations.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:39 pm

SIDU

Sidus Space (NASDAQ:SIDU) is set to launch its LizzieSat satellite today, March 4, 2024, as part of SpaceX's Transporter-10 Rideshare mission. This launch, taking place at Vandenberg Space Force Base in California, represents a significant milestone for Sidus Space and the broader space industry, highlighting the importance of cooperation and innovation in space technologies.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:38 pm

FBIO

Fortress Biotech (FBIO) and Cyprium Therapeutics have received a $4.1M grant from the National Institute of Neurological Disorders and Stroke (NINDS) to advance the development of AAV-ATP7A gene therapy for Menkes Disease. This funding will support further research and development efforts for this rare genetic disorder treatment.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:35 pm

HTOO

Fusion Fuel Green PLC (NASDAQ:HTOO) shares rose in premarket trading after receiving a €1.015 million grant from the European Innovation Fund's Horizon Europe Programme for its involvement in the H2tALENT consortium. This consortium aims to develop hydrogen valleys demonstrating hydrogen's decarbonization potential. Fusion Fuel's role includes supplying electrolyzer technology for green hydrogen projects in Portugal's Alentejo region. The grant will fund automation equipment for the Evora demonstration facility and engineering for the Sines I project.

Portfolio Pulse from Lekha Gupta

March 04, 2024 | 1:31 pm

FTXL

MU

NVDA

PSI

SSNLF

Micron Technology, Inc (NASDAQ:MU) is involved in a corporate espionage case linked to Chinese state-sponsored theft, with a shift in strategy towards China amid US-China tensions. Despite a setback in a federal case against Fujian Jinhua, Micron is adapting by settling lawsuits, engaging diplomatically, and investing in China. Micron's products are chosen by Samsung Electronics (OTC:SSNLF) for the Galaxy S24 series and are used in Nvidia Corp's (NASDAQ:NVDA) H200 Tensor Core GPUs. Micron's stock rose 2.94% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 1:24 pm

GSM

LONGi, a Chinese solar technology company, has signed a long-term silicon supply agreement with Ferroglobe PLC (NASDAQ:GSM), starting January 1, 2024. Ferroglobe will supply quartzite and metallurgical grade silicon to support LONGi's strategy of increasing purchases from Western suppliers. This partnership is aimed at enhancing LONGi's supply of high-efficiency and eco-friendly solar products globally. Ferroglobe recently reported a 36% decline in revenue for FY23 to $1.7 billion. Following the announcement, GSM shares saw a slight increase of 0.44% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 04, 2024 | 1:21 pm