Streetbeat News

Partnerships

MARK

MSFT

Remark Holdings Inc (MARK) shares dropped after an initial surge due to a partnership with Microsoft (MSFT). The partnership involves Remark's AI business unit consuming $80 million of Microsoft Azure cloud services over five years. Microsoft will provide Remark with $2 million in Azure credits and about $700,000 in consulting and migration credits. Remark's CEO clarified that the deal's revenue projections could exceed $240 million, which would cover the cloud services consumption agreement. Despite the partnership, MARK shares fell by 40.9% to 73 cents after the details were released.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 3:47 pm

VFS

VinFast Auto has announced its participation in the National Automobile Dealers Association (NADA) Show scheduled for February 1-4, 2024. This event is an opportunity for VinFast to showcase its products and connect with auto dealers.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:45 pm

F

TSLA

Ford has announced that it will provide a complimentary Tesla Supercharger adapter to eligible electric vehicle customers. This move follows Ford's previous announcement that it would expand its North American charging network, including access to Tesla's Supercharger network. The adapter will allow Ford EV owners to charge at Tesla Supercharger stations, enhancing the charging options available to them.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:13 pm

EDBL

WMT

Edible Garden has updated on its sustainability initiatives, including participation in Walmart's Project Gigaton, aiming to reduce waste and improve supply chain productivity. The company is a leader in Controlled Environment Agriculture and is committed to a Zero-Waste Inspired mission.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:39 pm

SNX

SMART Technologies has announced a partnership with TD SYNNEX to distribute its products. This collaboration aims to expand the reach of SMART's education and business solutions. TD SYNNEX, a leading IT distributor and solutions aggregator, will play a key role in making SMART's innovative offerings more accessible to a broader market.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:15 pm

ITRI

Itron, Inc. is collaborating with Lightwell to integrate Lightwell's LED technology with Itron's smart street lighting solution for Fluvius. The partnership aims to reduce energy costs and minimize energy waste.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:55 pm

LVO

LiveOne has announced a partnership with Legible, providing LiveOne members with access to a vast library of music, podcasts, radio stations, and a significant collection of audiobooks and ebooks. The global audiobook market, valued at over $5 billion, is expected to grow to $42 billion by 2031, indicating a substantial market opportunity for LiveOne.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:53 pm

STX

OORT has entered into a collaboration with Seagate Technology's Lyve platform. The financial terms of the partnership have not been disclosed to the public.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:52 pm

ORGS

Orgenesis Inc. has agreed to give Metalmark a 5% royalty on the net revenue of Octomera's cell processing services for the years 2025-2027.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:45 pm

BLIN

Bridgeline Digital, Inc. has expanded its partnership with an unnamed electrical distributor, with the total contract now valued at over $875,000. This expansion is expected to enhance the distributor's online presence and sales through Bridgeline's eCommerce solutions.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:36 pm