Streetbeat News

Partnerships

ORA

Ormat Technologies, Inc. (NYSE:ORA) received approval from the Hawai'i Public Utilities Commission for two final amendments to the Power Purchase Agreement with Hawaiian Electric. This allows Ormat's subsidiary, Puna Geothermal Venture, to increase its renewable power contribution to Hawai'i Island by up to 8 MW, raising the maximum capacity to 46 MW. The approval was contingent on the completion of an Environmental Impact Statement.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:43 pm

QCOM

WLDS

Wearable Devices has entered into a collaboration agreement with Qualcomm Technologies to enhance XR experiences using Mudra Neural Technology on the Qualcomm Snapdragon Spaces XR Developer Platform. This partnership aims to redefine interaction in augmented and virtual reality environments.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:26 pm

JOBY

Joby Aviation, Inc. (NYSE:JOBY) has partnered with Dubai Road and Transport Authority to launch an all-electric air taxi service in the UAE by early 2026. The service will operate in key locations including Dubai International Airport and Palm Jumeirah. Joby will be the exclusive air taxi operator in Dubai for six years and plans to build four vertiport sites with Skyports. The company's aircraft can transport a pilot and four passengers at speeds up to 200 mph, significantly reducing travel time.

Portfolio Pulse from Anan Ashraf

February 12, 2024 | 12:24 pm

AKTS

Akoustis Technologies announced that two of its patented XBAW filters are being integrated into a Wi-Fi 7 router platform for a Tier-1 US-based carrier. This development could signify a significant technological advancement and potential revenue growth for Akoustis.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:23 pm

TNXP

The FDA has approved Tonix Pharmaceuticals' application for a Phase 2 trial of TNX-102 SL, aimed at reducing the severity of acute stress reactions and the frequency of acute stress disorder and PTSD. The trial is sponsored by UNC Institute for Trauma Recovery and supported by a $3 million DoD grant.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:17 pm

PPTA

Perpetua has been conditionally awarded up to $34.6 million in additional funding under its existing Technology Investment Agreement through Title III of the Defense Production Act. This funding aims to enhance Perpetua's capabilities and contribute to its growth.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:15 pm

DTIL

TGTX

Precision Biosciences (DTIL) has entered into an agreement with TG Therapeutics (TGTX) for the exclusive license of Azercabtagene Zapreleucel (azer-cel) for autoimmune diseases and other indications outside of cancer. Precision received an initial $7.5M, part of a total of $17.5M in upfront and near-term payments. The deal includes TG Therapeutics purchasing 2,920,816 shares of Precision common stock at $0.77 per share.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:07 pm

PFE

Saama and Pfizer have expanded their partnership with a multi-year agreement to integrate AI-driven data solutions across Pfizer's R&D portfolio. This agreement builds on their 2020 collaboration which resulted in the development of Smart Data Quality (SDQ), aimed at accelerating clinical research by streamlining data review processes.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:04 pm

TRMB

Trimble has provided its financial guidance for FY24, expecting revenue between $3.57B and $3.67B, below the estimated $3.84B. Adjusted EPS is forecasted at $2.60-$2.80, around the $2.72 estimate. For Q1 2024, revenue is expected to be between $905M-$935M, below the $977.07M estimate, with adjusted EPS of $0.57-$0.62, under the $0.67 estimate. Both forecasts assume the closure of a joint venture with AGCO in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:02 pm

BMR

NVDA

Beamr Imaging announced its collaboration with NVIDIA to present joint research on automated video modernization at the ACM Mile-High-Video 2024 Conference. This partnership highlights the integration of Beamr's technology with NVIDIA's advanced computing platforms to enhance video processing capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:01 pm