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Partnerships

BNGO

Bionano Laboratories has announced the publication of a framework paper for the clinical adoption of Optical Genome Mapping (OGM) for hematological malignancy applications. The paper, co-authored by an international consortium of 18 cancer researchers, provides recommendations for laboratories on assay development, clinical validation, and more. Bionano's OGM-Dx™ HemeOne is an LDT developed based on this framework.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:51 pm

DBRG

INTC

Intel Corp. and DigitalBridge Group, Inc. have announced the formation of Articul8 AI, Inc., a company providing a secure generative AI software platform for enterprises. Articul8, created with Intel's IP and technology, offers a full-stack GenAI platform with deployment options including cloud, on-prem, or hybrid. Intel and DigitalBridge, along with other investors, have taken equity stakes in Articul8. The platform is optimized on Intel hardware and has been deployed at Boston Consulting Group and other enterprise customers.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:47 pm

AREC

Novusterra, an affiliate of American Resources Corporation (AREC), has announced receiving a $6.5 million investment from the US Air Force to fund its technology. This investment is aimed at advancing Novusterra's proprietary technology, which could be significant for AREC's growth and expansion in the market.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:44 pm

SGBX

SGD

Safe & Green Holdings Corp. (SGBX) CEO Paul Galvin provided a shareholder letter highlighting 2023 achievements and 2024 outlook. Key 2023 milestones include the spin-off of Safe and Green Development Corporation (SGD), a Master Purchase Agreement with SGD, and significant growth in the manufacturing sales pipeline. The company also partnered with various organizations for modular construction projects and launched the CORNERSTONE Charitable Foundation. Cost reductions and facility expansions are expected to improve cash flow and scalability of operations in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:43 pm

SASI

Bill Kerby, CEO of NextTrip, has been appointed as the CEO of Sigma Additive Solutions, succeeding Jacob Brunsberg. Sigma Additive Solutions' shareholders approved the acquisition of NextTrip Holdings, Inc. on December 28, 2023. NextTrip is known for its proprietary technology and strategic partnerships in the travel sector.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:42 pm

SIDU

Sidus Space (NASDAQ:SIDU) received a Tier 1 remote sensing license from NOAA, allowing it to provide PAN and SWIR imaging services with its upcoming LizzieSat satellites. The first LizzieSat is scheduled to launch in March 2024 on SpaceX's Transporter-10 mission and will operate for four years, offering near real-time data for various applications including marine traffic trends and methane emissions.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:33 pm

BLDP

Ballard Power Systems has entered into a long-term supply agreement with NFI Group Inc., accompanied by an initial purchase order for 100 fuel cell engines. This deal signifies a commitment to fuel cell technology in the transportation sector and may influence Ballard's production and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:33 pm

BIIB

Alcyone Therapeutics has announced the first patient implantation in the PIERRE study, a collaboration with Biogen, to evaluate the safety and performance of the ThecaFlex DRx System for the administration of SPINRAZA. The ThecaFlex DRx System, an FDA Breakthrough designated device, is designed to facilitate subcutaneous delivery of therapeutics to the cerebrospinal fluid. The procedure was performed at Texas Children's Hospital by Dr. David Bauer.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:32 pm

SKWD

Skyward Specialty Insurance has adopted Milliman Datalytics-Defense as its platform for processing defense cost invoices. The platform uses data mining algorithms to analyze attorney billing practices, providing insights into costs and defense strategies. It offers real-time intelligence, responsive reporting dashboards, and a predictive attorney scoring model to help insurers manage legal defense spending more effectively.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:26 pm

HNST

MAMA

TPB

UVV

Four consumer staples stocks with high RSI values, indicating potential overbought conditions, are The Honest Company, Inc. (HNST), Turning Point Brands, Inc. (TPB), Universal Corporation (UVV), and Mama's Creations, Inc. (MAMA). HNST expanded its partnership with Tinuiti, TPB reported a decrease in sales, UVV showed an increase in adjusted EPS, and MAMA priced a public offering. All stocks experienced price movements on Tuesday, with HNST and TPB closing lower, while UVV and MAMA closed nearly flat.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 1:13 pm