Streetbeat News

Partnerships

IVDA

Iveda (NASDAQ:IVDA) announces its joint venture, Iveda Philippines, aims to secure $5M in contracts over the next 12 months for smart city advancements across 100 government units in the Philippines. This initiative, supporting President Ferdinand Marcos Jr.'s infrastructure development efforts, will integrate IvedaAI into city operations, enhancing public safety and city management. The technology will improve existing infrastructure without the need for overhauls, marking a significant step towards modernizing the nation's urban landscape.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:11 pm

OTEX

OpenText (NASDAQ:OTEX) has joined the Joint Cyber Defense Collaborative (JCDC), a U.S. Government cybersecurity initiative led by the Cybersecurity and Infrastructure Security Agency (CISA). This partnership aims to enhance the cybersecurity resilience of the U.S. government and its allies by leveraging OpenText's threat intelligence capabilities, including its BrightCloud threat intelligence telemetry, cyDNA for early threat detection, and Debricked solution for securing software supply chains. OpenText's involvement is expected to provide valuable insights into threat actor behaviors, improve situational awareness, and support CISA analysts and global cyber defenders.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:10 pm

CXDO

Crexendo, Inc. (NASDAQ:CXDO) and TELCLOUD announced a strategic partnership to launch a new POTS (Plain Old Telephone Service) Replacement platform. This collaboration aims to provide a seamless transition for Crexendo's partners from traditional POTS lines to a more advanced, cost-effective solution, in response to the FCC's mandate for carriers to move away from POTS lines. The new platform is integrated with the Netsapiens platform, offering white-labeled POTS Line Replacement and communications services. This partnership is expected to offer a competitive edge to Crexendo's network of over 220 platform partners by addressing the demand for reliable and affordable communication solutions in critical applications like Fire Alarms, Security Alarms, and Elevators.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:10 pm

LAES

SEALSQ

SEALSQ has expanded its partnership with LEGIC to provide components for an authentication and access management platform. LEGIC's platform supports secure, contactless interactions for various applications including access control, resource sharing, supply chain security, smart city applications, and ePayment services.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:06 pm

AMD

JR Kyushu, a train operator, has implemented AMD's Kria K26 System-On-Module for track inspection, enhancing the efficiency and safety of its railway operations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:03 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trending due to a recent partnership with Ignition Technology in the UK and positive analyst ratings, despite a recent dip in stock price. The company's shares are up nearly 7% over the last week, following a broader rally in cybersecurity stocks triggered by Fortinet's strong earnings report. Analyst Yi Fu Lee of Cantor Fitzgerald reiterated an Overweight rating on CrowdStrike with a price target of $360. The company's FY23 revenue growth was 54.4%, influenced by various factors including the macroeconomic environment and demand for its products.

Portfolio Pulse from Adam Eckert

February 13, 2024 | 1:58 pm

INTC

NVDA

SFTBY

TSM

Sam Altman, CEO of OpenAI, aims to revolutionize the semiconductor industry with a $7 trillion investment to build artificial general intelligence. This ambitious plan faces skepticism due to its scale and the current technological and resource limitations. Key industry players like Nvidia, Intel, and TSMC are investing in advanced chip manufacturing, essential for AI development. The global chip shortage and expertise deficit pose additional challenges. Altman's initiative aligns with broader efforts, such as the U.S. CHIPS Act, to enhance semiconductor capabilities and secure AI advancements.

Portfolio Pulse from Natan Ponieman

February 13, 2024 | 1:44 pm

HOOK

RHHBY

RPTX

Repare Therapeutics Inc (RPTX) announced the termination of its collaboration with Roche Holdings AG (RHHBY) for the development and commercialization of camonsertib (RP-3500), effective May 7, 2024. This decision follows a review of Roche's pipeline and external factors. Repare will regain global rights to camonsertib, which is part of the ongoing Phase 1 MYTHIC trial. Despite this, Repare has received a $40 million milestone payment from Roche and expects its funds to last into mid-2026. This is Roche's second termination within a month, having previously ended a pact with HOOKIPA Pharma Inc (HOOK) for the HB-700 program.

Portfolio Pulse from Vandana Singh

February 13, 2024 | 1:43 pm

LNTH

Lantheus Holdings, Inc. (NASDAQ:LNTH) has entered into a collaboration with the Consortium for Clarity in ADRD Research Through Imaging (CLARiTI) study, sponsored by the National Institute on Aging, to supply MK-6240, a clinical-stage PET imaging agent targeting tau tangles in Alzheimer's disease research. The CLARiTI study, involving all 37 Alzheimer's Disease Research Centers in the U.S., aims to recruit 2,000 subjects to advance understanding and treatment of dementia.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:42 pm

DYAI

Dyadic International, Inc. has partnered with Cygnus Technologies to leverage the newly developed C1 HCP ELISA Kit, which will now be available to both Dyadic and Cygnus customers. This collaboration aims to enhance the biopharmaceutical development process by providing a crucial tool for the efficient and accurate measurement of host cell proteins, a critical aspect of biologic drug development.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:41 pm