Streetbeat News

Partnerships

CLMB

Climb Channel Solutions, a subsidiary of Climb Global Solutions, Inc. (CLMB), has entered into a worldwide partnership with Panzura. This strategic alliance aims to enhance Climb's product offerings and expand its global reach.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:23 pm

DELL

NOK

Dell Technologies and Nokia have extended their strategic partnership, with Nokia adopting Dell as its preferred infrastructure partner for Nokia AirFrame customers. This agreement involves transitioning existing AirFrame customers to Dell's infrastructure portfolio for telecom cloud deployments.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:15 pm

SKYT

SkyWater Technology has entered into a production agreement with Nautilus Biotechnology, Inc. to manufacture silicon-based microfluidic bio chips for Nautilus' proteome analysis system. This partnership marks a significant step for both companies in the biotechnology and semiconductor sectors.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:11 pm

AGEN

Ginkgo Bioworks and SaponiQx, a subsidiary of Agenus Inc (NASDAQ: AGEN), have been awarded a 5-year contract by the MCDC, worth up to $31M, to discover and manufacture next-generation vaccine adjuvants using generative molecular design.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:10 pm

GM

PCRFY

Nouveau Monde Graphite (NMG) has secured multiyear offtake agreements with Panasonic Energy and GM for about 85% of its Phase-2 production of active anode material. Additionally, Mitsui and Pallinghurst have invested a total of $37.5 million in NMG, which will be used to repurchase previously announced convertible notes. The total investment from anchor customers and strategic investors amounts to $87.5 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:41 am

NMG

Nouveau Monde Graphite (NMG) and Panasonic Energy have signed a binding offtake agreement and a $25M private placement deal. This partnership aims to secure the supply of active anode material for North American battery production, supporting the growing demand for electric vehicles and renewable energy storage solutions.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:37 am

GM

NMG

Nouveau Monde Graphite (NMG) has signed an offtake agreement with General Motors (GM) for the supply of Canadian graphite, essential for electric vehicle batteries. Additionally, GM will make a $150 million equity investment in NMG. This partnership underscores the growing demand for materials critical to the EV industry and strengthens NMG's position in the market.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:36 am

RDNT

RadNet has announced the creation of a new diagnostic imaging career training program in collaboration with JVS SoCal. This initiative aims to address the growing demand for skilled professionals in the diagnostic imaging sector.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:10 am

DNFGY

STLA

Russian partners have collaborated with China's Dongfeng Motor Group (OTC:DNFGY) to continue producing Stellantis' Citroen cars in Russia, despite Stellantis' exit. Automotive Technologies imported 42 car kits from Dongfeng in December to assemble Citroen C5 Aircross models at the Kaluga plant, still majorly owned by Stellantis (NYSE:STLA). This development highlights the challenges global automakers face in Russia due to sanctions and the growing influence of Chinese automakers in the Russian market.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 10:24 am

GOOG

GOOGL

MSFT

OpenAI, supported by Microsoft, is developing a web search tool to compete with Google, potentially integrating it with ChatGPT. This move intensifies the rivalry between Microsoft's Bing and Google, despite Bing's struggle to significantly increase its market share. Microsoft's continued investment in OpenAI, including a recent $10 billion, underscores the strategic importance of this initiative. However, there's a risk of functionality overlap between OpenAI's search tool and Bing, potentially cannibalizing each other's market.

Portfolio Pulse from Ananya Gairola

February 15, 2024 | 9:20 am