Streetbeat News

Partnerships

SYNX

Silynxcom has received a repeat order worth $280,000 from a military customer, indicating continued trust and satisfaction with their products. This order could signal strong ongoing relationships and potential for future orders, positively impacting Silynxcom's financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:34 pm

COMM

CommScope (NASDAQ:COMM) announced its Comsearch AFC system received FCC certification for commercial deployment, enabling the use of 850 MHz of 6 GHz spectrum for unlicensed devices. This development supports a broad range of deployments including Wi-Fi 6E and Wi-Fi 7, enhancing signal strength and quality of service for various applications. The certification positions CommScope as a key player in providing comprehensive 6 GHz solutions, including its RUCKUS portfolio, for next-generation commercial networks.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:18 pm

G

Genpact (NYSE:G) has entered into a five-year digital transformation engagement with Tropicana Brands Group to reengineer its global business services and supply chain operations. The collaboration will focus on transforming finance and accounting operations through standardized processes, data analytics, and digital solutions, including S/4 HANA testing and AI implementation. This strategic partnership aims to streamline operations, enhance revenue, profitability, and innovation for Tropicana Brands Group.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:18 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) has announced a multi-year partnership with Escapades Memphrémagog, part of PAL+, to enhance guest experiences in Quebec's Eastern Townships through its Hospitality Solution. This solution will provide personalized mobile applications for guests on the Grand Cru cruise boat, and at Espace 4 Saisons and Verso hotels, featuring content-rich experiences, context-aware notifications, and location-based services for navigation and wayfinding.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:15 pm

NVDA

SOUN

SoundHound AI (NASDAQ:SOUN) stock surged over 21% in pre-market trading, with a year-to-date increase of 176%, largely due to Nvidia's (NASDAQ:NVDA) investment and other key catalysts including a SoftBank investment, positive analyst outlooks from Wedbush Securities and Northland Capital, and strategic positioning in the AI market. SoundHound AI specializes in voice-enabled AI and music recognition technology.

Portfolio Pulse from Surbhi Jain

February 27, 2024 | 1:14 pm

LTBR

Lightbridge CEO Seth Grae provided an update to shareholders, highlighting 2023 achievements and future milestones. Key developments include strengthening the leadership team, agreements with Centrus Energy for a pilot fuel fabrication facility in Ohio, and an engineering study for CANDU reactors with RATEN ICN. Lightbridge also announced a research study with Texas A&M University, NuScale Power, and Structural Integrity Associates, and a significant finding on plutonium disposition. The company is adopting the Technology Readiness Level (TRL) system, currently at TRL 4-5, indicating progress towards commercialization. Upcoming milestones include expanding the fuel development team, ongoing work at Idaho National Laboratory, completing the CANDU reactor study, the FEED study with Centrus, and commencing manufacturing efforts for irradiation testing. COP28 recognized nuclear energy's role in decarbonization, with a commitment to triple nuclear capacity by 2050, highlighting the demand for Lightbridge's nuclear fuel technology.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:13 pm

BCS

Barclays PLC and Blackstone Credit & Insurance have announced an agreement where Barclays Bank Delaware will sell approximately $1.1 billion of credit card receivables to Blackstone's Asset Based Finance group. This sale is part of Barclays' strategy to reduce risk-weighted assets and increase lending capacity. The transaction includes a long-term servicing arrangement, with BBDE continuing to service the accounts. The deal is expected to release about GBP£1.0 billion of RWAs for Barclays and is set to fund in Q1 2024. Barclays Bank PLC also acted as the structuring advisor and liquidity provider for the transaction.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:13 pm

BCOV

Brightcove has announced a strategic partnership with Google Ad Manager to enhance its Ad Monetization service, aiming to help customers monetize their video content more effectively. This collaboration will allow Brightcove to support its customers by providing streamlined ad revenue operations and a seamless ad tech experience, including access to Google's programmatic ad marketplace. The partnership is expected to drive higher CPMs, reduce VAST errors, and offer more competitive rates for Brightcove's customers.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:12 pm

TNXP

Tonix Pharmaceuticals plans to expand the development and partnering of Tonmya in Japan and China for the management of fibromyalgia. The company will file a CTN in Japan and an IND in China, leveraging U.S. Phase 3 data without dosage adjustment. Tonmya's market exclusivity in Asia is supported by issued patents, and a U.S. FDA NDA submission is planned for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:07 pm

AMRX

Amneal Pharmaceuticals, Inc. (NASDAQ:AMRX) has entered into an exclusive licensing agreement with Zambon Biotech SA for the commercialization of IPX203, a novel Parkinson's disease treatment, in Europe. IPX203 is under review by the U.S. FDA and aims to improve the lives of over 10 million people worldwide with Parkinson's. This agreement is part of Amneal's strategy to make IPX203 available globally, following a similar agreement for Canada and Latin America with Knight Therapeutics Inc.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:06 pm