Streetbeat News

Partnerships

RVSN

Rail Vision has announced the commercial installation of its AI-driven systems in a National Railways line, following the purchase of 10 Rail Vision Main Line Systems for $1.4 million.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:17 pm

ACB

BGXX

BMY

CWBHF

Several cannabis companies announced executive and board changes, including Aurora Cannabis appointing Simona King as CFO and Cresco Labs promoting Greg Butler to president. Other companies like Rubicon Organics, STIIIZY INC., and Lowell Farms also made significant appointments. Additionally, board changes occurred at Charlotte’s Web Holdings and Bright Green Corporation, among others. These changes reflect ongoing shifts in the cannabis industry's leadership landscape.

Portfolio Pulse from Jelena Martinovic

February 20, 2024 | 2:11 pm

IVDA

Iveda (NASDAQ:IVDA) announced the launch of IvedaAI Sense, an AI-based sensor designed to detect smoke, vapor, and incidents of bullying, aimed at enhancing public safety in schools and other public spaces. Priced at $1,500 per unit, it's anticipated that schools will require 40–200 units. IvedaAI Sense integrates with the IvedaAI platform, using deep learning to provide real-time alerts to reduce on-campus fights and smoking. The launch aligns with Iveda's mission to combat the vaping and bullying epidemic in schools, leveraging its established reseller network for distribution.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:10 pm

PRZO

ParaZero is expanding its partnership with Vayu Aerospace Corporation by integrating its safety systems into Vayu's G-1MKII, G-1MKIII, US-1-MKII, and US-2 delivery drones. These drones are part of Global Autonomous Corporation's overseas operations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:10 pm

GLBE

WIX

Wix.com Ltd. (WIX) has partnered with Global-e Online Ltd. (GLBE) to offer Wix merchants an advanced solution for international cross-border selling. This partnership aims to simplify international payments, shipping, tax, and compliance for Wix merchants, enabling them to expand globally. Key features include multi-currency selling, localized checkout experiences, advanced tax and duty setup, country-specific pricing, enhanced payment processing, streamlined global operations, and access to local market insights.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:08 pm

DTSS

Datasea Inc. (NASDAQ:DTSS) has established a joint venture, Datasea Yiyun (Shenzhen) Digital Technology Co., Ltd. (DataSea Digital), with Shenzhen Yiyun Technology Co., Ltd. to enhance its penetration in China's 5G multimodal communications sector using AI. Datasea holds a 66% equity stake, while Yiyun Technology owns 34%. The venture aims to leverage Datasea's technology and Yiyun's marketing capabilities to drive significant revenue in 2024, focusing on AI-based 5G services to diversify customer base and improve user experience.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:06 pm

ANSS

Ansys (NASDAQ:ANSS) has appointed Rachel Pyles as its new Chief Financial Officer, effective February 22, 2024, replacing Nicole Anasenes. Pyles, who joined Ansys in early 2023, brings extensive experience in finance, FP&A, and mergers and acquisitions. Anasenes will serve as a strategic adviser until June 2024 to ensure a smooth transition. The leadership change comes as Ansys prepares for a planned combination with Synopsys next year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:05 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is set to invest $2.1 billion in Spain to expand its artificial intelligence (AI) and cloud infrastructure over the next two years. This move follows a $3.45 billion investment in Germany, emphasizing Microsoft's commitment to AI and digital transformation globally. The investment aims to support Spain's security, government, businesses, and citizens' digital transformation, reflecting Microsoft's long-term commitment to the country.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 2:02 pm

BKYI

BIO-key International, Inc. (NASDAQ:BKYI) announced a $1.5 million two-year, pre-paid software subscription order from a long-term financial services customer for its biometric identification technology. This agreement, which anticipates about 12% annual growth in users, builds on eight years of strong client enrollment growth. The technology enhances client identification security for over 25 million clients. Approximately 90% of the contract's value is for subscription fees for the existing client base, with the remainder for expected client growth.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:00 pm

LQR

LQR House Inc. (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, announced a significant expansion into the UK market through a ~$1.35M purchase order for SWOL Tequila from Access Fulfillment. This marks the company's first UK-based partnership, highlighting its global brand growth ambitions and positive customer reception.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:58 pm