Streetbeat News

Partnerships

AMRC

Ameresco, Inc. (NYSE:AMRC) has announced the commencement of operations at its 5.2 MWe renewable natural gas (RNG) plant at Republic Services' Brickyard Landfill in Danville, Illinois. The facility is designed to reduce over 27,000 tons of carbon dioxide emissions annually by converting landfill gas into pipeline-grade RNG, which can be used as a low-carbon transportation fuel. This project aligns with Republic Services' sustainability goals and represents Ameresco's 12th renewable energy project with Republic, with another 10 in various stages of development. The initiative underscores both companies' commitment to decarbonization and sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:44 pm

DMRC

Digimarc Corporation (NASDAQ:DMRC) collaborates with GS1 to release the GS1-Conformant Resolver standard, enhancing the GS1 Digital Link standard. This collaboration aims to simplify sharing product information across brands, retailers, and consumers by upgrading traditional barcodes for web connectivity and smartphone interaction. Digimarc's product, Digimarc Engage, leverages this standard to offer personalized digital experiences to consumers and supply chain partners, marking a significant step in product digitization.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:41 pm

NVRI

Harsco Environmental, a division of Enviri Corporation (NYSE:NVRI), has secured a seven-year contract to provide slag management and scrap processing services for Gerdau's site in Sahagun, Hidalgo, Mexico. This marks the first contract between Harsco Environmental and Gerdau in Mexico, expanding Harsco's footprint and reflecting its commitment to sustainability and efficient project management. The services aim to optimize operational efficiency and reduce environmental impact in steel manufacturing.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:39 pm

MWG

Multi Ways Holdings Limited (NYSE:MWG), a leading supplier of heavy construction equipment in Singapore, announced its fleet expansion and renewal strategy, including a significant purchase agreement with SANY International Development Limited. This strategy aims to enhance its market position, service reliability, and cater to a wider customer base by integrating new and used equipment. The company's approach is driven by customer feedback and market analysis, focusing on reducing operational costs and adapting to changing needs. The construction demand forecast for 2024 in Singapore supports the timing of these investments.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:38 pm

IOVA

WuXi Advanced Therapies (WuXi ATU), a subsidiary of WuXi AppTec, received FDA approval to manufacture AMTAGVI for Iovance Biotherapeutics (NASDAQ:IOVA), marking a significant milestone in the treatment of advanced melanoma. AMTAGVI, a one-time, individualized T cell therapy, is the first of its kind approved by the FDA for a solid tumor cancer. This approval positions WuXi ATU's Philadelphia site as the first U.S. external manufacturing and third-party contract testing organization for such therapy. Iovance, committed to developing TIL cell therapies, celebrates this as a step towards addressing unmet needs in advanced melanoma treatment.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:35 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading lower in the premarket session on Tuesday following the announcement of a collaborative agreement with AcBel Polytech, a subsidiary of Kinpo Group, to develop EV charging solutions. The partnership aims to accelerate product launches at reduced costs while maintaining quality, leveraging AcBel's power design expertise and Kinpo's manufacturing capabilities. ChargePoint's CEO, Rick Wilmer, highlighted the collaboration as a significant milestone for the company's product development strategy and operational excellence.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 1:35 pm

SYNX

Silynxcom has received a purchase order for its SDR headset from a US-based military radio manufacturer, indicating a potential increase in revenue and strengthening its position in the defense sector.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:34 pm

TENX

Tenax Therapeutics has expanded its exclusive license agreement with Orion Corporation, extending its territory rights from North America to the entire world. This amendment allows Tenax to have global rights for the development and commercialization of certain products.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:32 pm

MASI

Masimo (NASDAQ:MASI) and UCHealth have announced a strategic partnership to enhance patient care through telehealth and virtual care solutions. This collaboration aims to improve patient outcomes, reduce care costs, and transform care delivery models using Masimo's medical technology and UCHealth's clinical expertise. The partnership will focus on leveraging virtual care, remote monitoring, and advanced analytics to extend quality care beyond hospitals into homes.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:31 pm

AMZN

CSCO

GOOG

MSFT

NVDA

Cisco Systems Inc (CSCO) announced a 5% workforce reduction, approximately 4,250 jobs, as it enters 2024 alongside tech giants like Alphabet (GOOG), Amazon.com Inc (AMZN), and Microsoft Corporation (MSFT) in making job cuts. Despite expanding its AI and cybersecurity partnership with Nvidia Corporation (NVDA) to focus on data centers, Cisco's positive news was overshadowed by a modest forecast for the current quarter and full year. Cisco's fiscal second quarter saw a 6% YoY revenue decline and a cautious outlook due to macroeconomic challenges and supply chain issues. The company also plans to acquire Splunk to diversify from its networking equipment business.

Portfolio Pulse from Upwallstreet

February 20, 2024 | 1:30 pm