Streetbeat News

Partnerships

DGLY

Digital Ally, Inc. (NASDAQ:DGLY) received an order from Kansas State University for multiple FirstVu Pro body-worn cameras, EVO-HD in-car systems, and QuickVu docking stations. This order, facilitated through a subscription payment plan, indicates strong demand for the company's video solutions technology in university security settings. The purchase by Kansas State University follows a similar deployment by the University of Kansas, showcasing the application of Digital Ally's products beyond traditional law enforcement. The company has recently announced several law enforcement orders, patents, and the addition of its InterVu Room solution, emphasizing its ongoing innovation and expansion in the video solutions market.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:36 pm

BLIN

Bridgeline Digital, Inc. (NASDAQ:BLIN) has partnered with a top building materials retailer to implement its AI-powered search technology, HawkSearch, on the retailer's eCommerce site. The technology aims to improve product discovery and customer experience within the retailer's expanded catalog of over 5,000 products. HawkSearch will provide features like autocomplete, drop-down menus, and faceted search results, as well as personalized recommendations based on customer behavior, which is expected to increase sales.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:35 pm

GNS

LZGI

Genius Group Limited (NYSE:GNS) and FatBrain AI (OTC:LZGI) have signed a definitive merger agreement. The combined businesses are estimated to have generated approximately $80 million in gross revenue in 2023, doubling year-on-year. The merger aims to create a growth platform for AI education and enablement, targeting students, entrepreneurs, enterprises, and governments. The merger is subject to shareholder and NYSE approval, with FatBrain AI's CEO and Executive Chair joining Genius Group's Board post-merger.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:34 pm

SLNH

Soluna Holdings, Inc. (NASDAQ:SLNH) has reduced its convertible debt by over $4M and plans a capital raise for a new AI venture. The company has made progress on its green data center projects, including Project Dorothy and Project Kati, and has signed a new 8.8 MW customer for Project Sophie. Soluna's data centers have been found to have an 18% lower carbon footprint than traditional data centers. Operational metrics and project updates were provided, with a focus on installed hashrate, power capacity, and energy consumption.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:29 pm

GSK

Elegen and GSK have entered into a multi-year collaboration and licensing agreement. Elegen will provide GSK with its cell-free synthetic DNA production technology and receive up to $35 million in near-term financial and development support fees. The agreement includes upfront fees, purchase commitments of Elegen's ENFINIA DNA, and potential equity investment from GSK. Elegen is also eligible for near-term milestone payments for the development of new product features.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:21 pm

STVN

Stevanato Group S.p.A. (NYSE:STVN) has launched the EZ-fill Kit and a non-GMP laboratory fill and finish service to support small batch drug development and commercialization. The EZ-fill Kit, part of Stevanato's ready-to-use platform, offers customizable solutions for injectables, which make up over 60% of drugs in development. The kit will be available in Q2 2024 and will be showcased at Pharmapack. The non-GMP service at the Technology Excellence Centers in the USA and Italy helps customers assess fill-and-finish process effects early on. These offerings aim to improve drug manufacturing standards and speed up market entry for new biopharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:17 pm

PRSO

Peraso Inc. (NASDAQ:PRSO) has received its first commercial order for the Perspectus mmWave antenna modules, designed to support the DUNE platform in dense urban environments. The order validates Peraso's concept and its ability to deliver affordable gigabit wireless to underserved markets. The PRM2144X module, with its 128 element phased array antenna, is tailored for dense urban areas and also benefits suburban and rural deployments. Peraso's technology aims to address broadband infrastructure challenges and expand internet access in congested networks using its license-free 60 GHz network solutions.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:13 pm

PSQH

PSQ Holdings, Inc. (NYSE:PSQH), operating as PublicSquare, has announced a partnership with Credova, a Buy Now Pay Later (BNPL) solutions provider. This collaboration integrates Credova's technology into PublicSquare's marketplace, granting access to Credova's 2.8 million customers and 4,000 vendors. The partnership aims to create an 'uncancellable' payment ecosystem, particularly benefiting the firearms and outdoor recreation industries. It is set to launch in Q2 2024 and is expected to enhance sales and financing opportunities while securing transactions against cancellations, supporting Second Amendment rights.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:10 pm

HON

Honeywell (NASDAQ:HON) has been selected by Acelen Renewables to provide its Ecofining technology for the production of sustainable aviation fuel (SAF) and renewable diesel. Acelen's facility in Brazil aims to produce 20,000 barrels per day of these fuels using waste oils. This marks the 50th license of Honeywell's renewable fuel technology, reflecting the growing demand for renewable fuels and Honeywell's leadership in the sector. The technology supports decarbonization efforts in line with global initiatives such as the SAF Grand Challenge and the Inflation Reduction Act in the U.S., and the 'Fit for 55' package in Europe.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:03 pm

SPRC

SciSparc Ltd. has entered into a $20 million standby equity purchase agreement with YA II PN, Ltd., managed by Yorkville Advisors Global. The agreement spans over 36 months, allowing YA to purchase SciSparc's shares at a 3% discount, subject to a 4.99% ownership cap.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:44 pm