Streetbeat News

Partnerships

QCOM

At CES 2024, Qualcomm Technologies, Inc (NASDAQ:QCOM) highlighted its Snapdragon Digital Chassis portfolio and announced a partnership with Robert Bosch GmbH to introduce the industry's first central vehicle computer. This computer, based on the Snapdragon Ride Flex SoC, integrates infotainment and ADAS functionalities. Qualcomm's automotive technology revenue is growing, with a projection of $4 billion by 2026 and $9 billion by the end of the decade. The company's solutions have been used in over 75 models in 2023 and are in 350 million+ vehicles. QCOM shares dropped 1.31% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 2:01 pm

CART

Instacart (NASDAQ:CART) has partnered with Google to offer Google Shopping ads powered by Instacart's retail media data to its CPG partners, including Danone's Oikos, Kraft Heinz brands, and Publicis Media's clients. This allows consumers to see ads for products and complete their shopping on Instacart with same-day delivery. Instacart's unique insights from a vast product catalog and retail banners enhance ad targeting. The company has expanded its advertising solutions, including new ad formats and measurement capabilities, delivering an average of over 15% incremental sales lift for brand partners.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:01 pm

QCOM

Qualcomm and Bosch have collaborated to create a new cockpit and ADAS (Advanced Driver-Assistance Systems) integration platform. This platform is based on Qualcomm's Snapdragon Ride Flex SoC (System-on-Chip), which is designed to enhance vehicle connectivity and autonomous driving capabilities.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:00 pm

AENT

Alliance Entertainment's COKeM gaming division reported higher-than-expected sales for Arcade1Up products in Q4 2023. The company successfully reduced arcade inventory from $54.3 million to $17.4 million and purchased over $20 million in new inventory for the holiday season. Aggressive sales and advertising campaigns, along with partnerships with key e-commerce retailers, contributed to the success. Core arcade titles are projected to grow sales by over 60% in 2024. Alliance Entertainment aims to continue this momentum and strengthen its position as a leading distributor of Arcade1Up products.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:49 pm

ZKIN

ZK International Group Co., Ltd. (NASDAQ:ZKIN) announces strategic expansion into Southeast Asia and the Middle East to drive innovation and sustainable infrastructure development. The company is pursuing strategic partnerships to enhance market understanding and facilitate integration into the regional business landscape. This move represents a significant milestone in ZK International's global growth strategy, aiming to meet the growing demand for high-quality stainless-steel solutions in these dynamic regions.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:45 pm

SABR

Sabre has expanded its partnership with International Airlines Group (IAG), allowing Sabre-connected travel buyers and agencies to access traditional EDIFACT content and NDC offers from IAG's airlines, including British Airways, Iberia, Aer Lingus, and Vueling. This will provide more options, choice, and transparency for travel agencies and travelers. The rollout of NDC content will be communicated on a carrier-by-carrier basis.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:43 pm

SLP

Simulations Plus, Inc. (NASDAQ:SLP) has been awarded a new FDA grant in collaboration with Northeastern University and The TIM Company. The partnership will focus on integrating experimental data and PBPK modeling to expedite the development of generic oral modified-release (MR) drug products. The project involves generating in vitro data and using PBPK/PBBM models to predict clinical pharmacokinetics of MR formulations. The collaboration aims to streamline drug development and enhance healthcare solutions, with FDA staff actively participating.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:41 pm

SR

Spire Inc. (NYSE:SR) has appointed Scott Doyle as its new executive vice president and chief operating officer, effective January 15, 2024. Doyle, with over 25 years of utility industry experience, previously served as executive vice president of utility operations at CenterPoint Energy. His expertise in capital deployment, regulatory strategy, and operational leadership is expected to support Spire's 10-year plan focusing on system investments and operational improvements. Doyle also holds board and advisory positions in various industry and educational organizations.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:39 pm

SIDU

Sidus Space (NASDAQ:SIDU) has achieved significant milestones in AI and hardware contracts as it prepares for the launch of its LizzieSat-1 satellite in March 2024. The company has successfully delivered an engineering unit for methane detection, completed day-in-the-life hardware testing, and launched a beta-version vessel detection platform. Sidus Space also completed a Critical Design Review under a NASA Phase 2 Sequential award, showcasing its compliance with NASA standards. Future plans include delivering FeatherBox flight units for methane detection, engineering units for NASA testing, and ground testing of pre-processing algorithms for NIR and SWIR sensors. The VP of AI Products at Sidus Space highlighted the company's commitment to innovation and high-margin revenue growth in the space technology sector.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:32 pm

KVHI

KVH Industries, Inc. has entered into a distribution partnership with Eutelsat OneWeb to offer low earth orbit (LEO) connectivity services for commercial and leisure vessels. This partnership will enhance KVH's KVH ONE integrated multi-orbit, multi-channel solution, providing low-latency connectivity for mariners worldwide. Eutelsat OneWeb's network includes over 630 satellites, aiming to meet the global maritime industry's broadband connectivity needs. The collaboration is expected to support the maritime industry's sustainability and operational performance goals.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:24 pm