Streetbeat News

Partnerships

VMAR

Vision Marine Technologies Inc. (VMAR) announced a partnership with Nautical Ventures Marine Group, including an initial order for 50 units of the Phantom, a recyclable boat, and an exclusive distributorship in South Florida. Additionally, VMAR is addressing a Nasdaq compliance issue regarding its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:09 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are rising in premarket trading after expanding its partnership with Uline to deploy hydrogen infrastructure and fuel cell solutions at Uline's new campus in Kenosha, Wisconsin. This includes the installation of a large hydrogen storage tank, 17 hydrogen dispensers, and the addition of 250 fuel cell forklifts. The partnership, which began in 2015, has grown significantly, with Uline now set to deploy a total of 520 fuel cells across ten facilities. Additionally, Plug Power recently secured a contract to provide similar solutions to a major U.S. automaker for its electric vehicle and battery manufacturing campus.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 2:06 pm

VMAR

Vision Marine Technologies has entered into an exclusive distributorship agreement with Nautical Ventures Marine Group, making them the sole distributor of the Phantom in South Florida. This partnership kicks off with an initial purchase order of 50 units of the Phantom, Vision Marine's innovative rotomolded, recyclable boat.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:06 pm

VUZI

Vuzix, a company specializing in augmented reality (AR) smart glasses, announced its participation in the Mobile World Congress (MWC) Barcelona 2024. They will be joined by Nulitics and Wideum to showcase object recognition and AI-enabled software solutions designed for their AR glasses.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:02 pm

BTOG

Bit Origin Ltd (NASDAQ:BTOG) has announced a strategic alliance with Mner.Club for crypto miner deployment and hosting. This partnership involves collaboration in crypto mining machine deployment, hosting, and consulting services. Mner.Club's Mineral Project aims to distribute earnings to users through staking, with a focus on DeFi and sustainable yield incentives. Bit Origin's CEO, Lucas Wang, expressed enthusiasm about the partnership, highlighting its significance for the company's operational level and industry recognition.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:02 pm

SEALSQ

VESTEL

SEALSQ has entered into a partnership with VESTEL to enhance the security of VESTEL's electric vehicle (EV) 'Plug & Charge' stations. This collaboration aims to leverage SEALSQ's expertise in security solutions to ensure the safety and reliability of charging infrastructure as the demand for EVs continues to grow.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:02 pm

GSAT

Globalstar, Inc. (NYSE:GSAT) announced the commercial availability of its XCOM RAN multipoint radio access network system, designed to enhance 5G wireless applications by offering over 4x capacity gains compared to traditional 5G systems. The technology, which eliminates handoff boundaries and scales economically, is being deployed by a major global retailer. XCOM RAN is built on Open RAN architecture, supports high capacity and seamless mobility, and is expected to be delivered in several systems by 2024. The technology stands out in various applications including warehouse automation, stadiums, enterprises, and extended reality, promising significant performance and capacity improvements.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 2:00 pm

FMX

FEMSA announced leadership changes as part of its FEMSA Forward strategy. CFO Eugenio Garza y Garza will step down on April 30, 2024, succeeded by Martin Arias Yaniz. Francisco Camacho Beltrán, Chief Corporate Officer, will also leave. The changes aim to strengthen FEMSA's core business verticals and ensure strategic, financial, and capital market alignment. Eugenio's contributions include implementing the FEMSA Forward strategy and leading significant transactions. Martin Arias Yaniz, with 25 years at FEMSA, will initially serve as interim CFO.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:39 pm

LPLA

WTFC

LPL Financial Holdings Inc. (LPLA) and Wintrust Financial Corporation (WTFC) have announced a strategic relationship to transition the support of Wintrust's wealth management business, including approximately 85 advisors and $16 billion of brokerage and advisory assets, to the LPL Institution Services platform. This includes $13 billion from Wintrust Investments, LLC and $3 billion from Great Lakes Advisors, LLC. The transition aims to enhance client service and advisor capabilities through LPL's technology investments and is expected to be completed in Q1 2025, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:34 pm

SIDU

Sidus Space, Inc. has finalized a contract to supply onboard computing flight hardware to a European space company, marking a significant step in its business expansion and collaboration within the aerospace sector.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:33 pm