Streetbeat News

Partnerships

WOOF

Nationwide and Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) have launched a co-branded pet insurance product available on petco.com. The insurance offers customizable policies, covering accidental injuries, illnesses, and wellness care, with options to adjust reimbursement rates, deductibles, and coverage limits. Members also get discounts on Petco's veterinary services. The partnership aims to provide affordable, integrated pet health solutions, enhancing Petco's health and wellness ecosystem.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:25 pm

VCIG

VCI Global Limited (NASDAQ:VCIG) has secured a consultancy deal with a Singapore-based Fin-MedTech Medical Group for its upcoming IPO on Nasdaq, expected to be completed in 2024/2025. VCI Global will provide services including equity structure, capital market strategy, and regulatory approval assistance. The company will be compensated in shares, with estimated income from the deal between USD 4 million to USD 8 million.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:22 pm

PRPH

ProPhase Labs, Inc. (NASDAQ: PRPH) reports significant progress at its subsidiary Pharmaloz Manufacturing, Inc. (PMI), with price increases and operational enhancements leading to projected profitability in Q1 2024. PMI has signed two new contracts expected to boost lozenge revenues and profitability, and is in discussions with two global brands that could triple revenues by year-end 2024. PMI plans to double capacity with new production lines and automation, aiming for a potential $80-$100 million production capacity. CEO Ted Karkus highlights the growth from a modest unit to a top-tier facility and the potential to reach $100-$200 million in annual revenues by the end of 2025, while also investing in Nebula Genomics and the BE-Smart Esophageal Cancer test.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:19 pm

BAH

Booz Allen Hamilton, through its venture capital arm Booz Allen Ventures, LLC, has invested in Albedo to develop a Very Low Earth Orbit (VLEO) satellite constellation. This investment aims to enhance satellite imagery services for national security, commercial, and climate needs. Albedo's VLEO satellites will provide ultra-high resolution imagery, combining optical and infrared sensors. The investment aligns with Booz Allen's focus on dual-use commercial technology solutions and expands its space capabilities. Booz Allen has a history of delivering space solutions to various government agencies and has made several strategic investments in dual-use commercial technologies since 2022.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:16 pm

BNGO

Bionano Genomics, Inc. (NASDAQ:BNGO) has announced the full commercial release of the Stratys system for high throughput optical genome mapping (OGM). The Stratys system offers up to four times the data generation rate of the Saphyr instrument and supports up to 12 single access chips. It is powered by Stratys Compute, developed with NVIDIA. The system has been adopted by 10 users across Canada, the US, Europe, and Saudi Arabia, with 11 systems in use. The Stratys system is designed for increased flexibility and throughput, compatible with G2 chemistries, and has a potential 3-day sample-to-answer time for hematological samples. It is expected to transform lab approaches to genome analysis and has seen orders exceeding the initial offering during its early access program.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:13 pm

GTEC

Greenland Technologies Holding Corporation (NASDAQ:GTEC) announced that Amerit Fleet Solutions has joined its HEVI Authorized Service Provider network to support the HEVI electric industrial vehicle product line. Amerit, with over 1,800 service locations and 2,200 technicians, will provide maintenance and repairs across the U.S., enhancing Greenland's service quality and customer confidence. The partnership aims to strengthen Greenland's market presence and competitive edge in the electric industrial vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:12 pm

ADBE

NVEI

Nuvei has partnered with Adobe to integrate its payment suite into Adobe Commerce via a single API. This collaboration enables Adobe Commerce customers to access a variety of payment options, including card payments, 680 local alternative payment methods, online, offline, mobile, in-app, ACH, one-click, and recurring payments, expanding their global reach and connectivity.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:11 pm

ANSS

Ansys (NASDAQ:ANSS) has announced an agreement to acquire a minority stake in Humanetics, a leader in human safety systems and sensor technologies. This move strengthens their existing partnership and aims to advance innovation in the human safety engineering ecosystem, particularly in the automotive industry. The collaboration will leverage digital twins to integrate physical and virtual safety solutions, enhancing product offerings. Humanetics is known for its crash test dummies and ergonomics software, RAMSIS, which complements Ansys' simulation software, including the LS-DYNA crash test solution. The transaction is pending customary closing conditions and regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:11 pm

MXCT

MaxCyte has entered into a strategic licensing agreement with Imugene, granting Imugene non-exclusive clinical and commercial rights to use MaxCyte's Flow Electroporation Technology and ExPERT platform. In return, MaxCyte will receive platform licensing fees and program-related revenue.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:10 pm

CEI

Camber Energy, Inc. has announced that its majority-owned subsidiary, Simson-Maxwell Ltd., has entered into an exclusive distribution agreement with BOX 03 International S.A. for the Viking Ozone Technology's waste treatment systems in several European countries and French speaking countries of West Africa. This agreement is expected to expand Camber's footprint in these regions and aligns with companies committed to advanced waste treatment technologies.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:06 pm