Streetbeat News

Partnerships

STWD

Starwood Capital Group has announced the launch of Starwood Digital Ventures, a new platform to manage its U.S. and European data center investment strategy, which currently encompasses $8 billion in assets. Additionally, Starwood Capital has formed a strategic alliance with Worldwide Mission Critical to support its expected growth in this sector.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:35 pm

HALO

Halozyme Therapeutics, Inc. announced that argenx has received approval in Japan for VYVDURA co-formulated with Halozyme's ENHANZE technology for the treatment of generalized myasthenia gravis. This approval could potentially lead to increased revenue for Halozyme from its ENHANZE technology.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:32 pm

NVEI

Nuvei Corporation (NASDAQ:NVEI) has announced a partnership with Euroairlines to process transactions and support the airline's growth. Nuvei will handle direct and indirect traffic payments for Euroairlines globally, including the launch of a new online B2B2C portal allowing direct sales of flight tickets. The partnership is expected to enhance Euroairlines' payment processing in the US, Europe, and Latin America and add new revenue streams. Nuvei's collaboration with UATP will also process indirect traffic through UATP One Merchant Services.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:14 pm

BNRG

Brenmiller Energy Ltd. (NASDAQ:BNRG) has received a $450,000 grant from the Israel Innovation Authority for its thermal energy storage project at Wolfson Hospital in Israel. This grant complements a previously approved $3.7 million budget from the Israel Ministry of Finance. The bGen™ ZERO system by Brenmiller is expected to save Wolfson Hospital up to $1.3 million annually and reduce its carbon footprint by 3,900 tons per year. The company has also received a grant from the Israel Ministry of Environmental Protection for a project at a beverage plant owned by Tempo Beverages Ltd., a subsidiary of Heineken International B.V. Brenmiller's bGen™ ZERO system, named among TIME's Best Inventions of 2023, is designed to convert electricity into heat for industrial processes and support utility-scale renewable energy projects.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:14 pm

F

GM

STLA

WKSP

Worksport Ltd. announced that its SOLIS Solar Cover will be available for Ford, RAM (Stellantis), and General Motors (GM) light pickup trucks. The company has placed an order for solar panels designed for the SOLIS Solar Cover, with the first shipment expected between January and February 2024. Worksport's manufacturing facility is preparing for full-scale production, and the SOLIS Solar Cover, combined with the COR Battery System, will provide off-grid power. Worksport's CEO, Steven Rossi, expressed pride in the product's upcoming market launch for these major truck brands.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:13 pm

ARBE

Arbe Robotics Ltd. (NASDAQ:ARBE) announced significant customer orders for its radar systems through Sensrad AB, highlighting the market's recognition of Arbe's radar chipset technology. Sensrad's Hugin 4D Imaging Radar, which uses Arbe's technology and Gapwaves' waveguide antenna, is gaining traction in various industries for its advanced perception capabilities in autonomous and robotized vehicles. Orders include those from an American autonomous transportation manufacturer, a robotized outdoor power equipment pioneer, and a key player in the transportation sector, as well as several orders from Sensrad's Chinese affiliates.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:11 pm

ICCT

iCoreConnect Inc. (NASDAQ:ICCT) has expanded its endorsement collaboration with the Rhode Island Dental Association (RIDA) to include seven additional products, bringing the total to ten. This collaboration, which began in September 2023, aims to provide innovative SaaS solutions to RIDA members, enhancing workflow productivity and customer profitability. The endorsement includes products like iCoreVerify, iCoreRx & EPCS, iCoreHuddle, iCoreHIPAA, iCoreClaims, and iCorePay. The company's growth strategy leverages endorsements from State Dental Associations, followed by co-branded marketing campaigns.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:10 pm

ABBV

Enigma Biomedical Group USA (EBG-USA) has entered into an exclusive license and option agreement with AbbVie to develop and potentially commercialize AbbVie's F18 PET imaging biomarkers for detecting 4R tau protein in neurodegenerative diseases. The biomarkers could advance understanding and treatment of diseases like PSP and CBD. EBG-USA will collaborate with partners to validate the biomarkers, with an option for an exclusive license if evaluations are positive.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:04 pm

LPCN

Lipocine Inc. (LPCN) has entered into an exclusive licensing agreement with Verity Pharmaceuticals for the U.S. and Canadian rights to market TLANDO, an oral testosterone replacement therapy (TRT). Lipocine will receive an $11 million license fee and up to $259 million in development and commercial sales milestones, plus royalties up to 18% on net sales. The commercialization of TLANDO in the U.S. will transition to Verity Pharma on Feb. 1, 2024. Lipocine retains rights outside the U.S. and Canada and non-TRT rights globally. The deal aligns with Lipocine's focus on CNS disorders and adds value to its non-core assets.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:03 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is allowing destination-charging property owners to host self-serve demo drives at their properties. Owners can have up to 4 demo vehicles provided by Tesla, which will also manage the scheduling and maintenance of these vehicles. This initiative aims to help property owners get more out of their investment in Tesla's destination charging infrastructure and to increase awareness about EV charging.

Portfolio Pulse from Anan Ashraf

January 18, 2024 | 12:50 pm