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Partnerships

BALL

Ball Aerospace has been selected by NASA to conduct a Phase A study for the ECCCO mission, aimed at understanding the sun's coronal structure. The mission will use advanced imaging and spectroscopy to observe the middle corona, a largely unexplored region. Ball Aerospace will design and build the spacecraft, while the Smithsonian Astrophysical Observatory (SAO) will design the imager and spectrometers and lead science planning. Ball Aerospace is also conducting a study for the CMEx mission under NASA's SMEX program.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 3:02 pm

FCEL

XOM

FuelCell Energy Inc (NASDAQ:FCEL) stock is trading higher after announcing a pilot plant development with ExxonMobil Corp (NYSE:XOM) affiliate Esso Nederland BV at Rotterdam. The plant will test fuel cell technology to reduce CO2 emissions, with partial funding from the EU and the Netherlands Enterprise Agency. FuelCell Energy's CEO believes this technology is a game-changer for decarbonizing heavy industry.

Portfolio Pulse from Adam Eckert

December 18, 2023 | 2:45 pm

RARE

Andelyn Biosciences has been chosen by Ultragenyx (NASDAQ:RARE) to perform late-stage PPQ manufacturing of UX111, a gene therapy for Sanfilippo Syndrome. UX111 has received multiple designations in the U.S. and EU, and Andelyn has already manufactured GMP supply for patient dosing. The PPQ batches are for future regulatory filings, and the partnership aims to expedite treatment for MPS IIIA patients.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:38 pm

ADN

Advent Technologies has signed a €1.8 million frame contract with Volta Energy to supply methanol-powered fuel cell units. Deliveries are scheduled to start in January 2024 and continue throughout the year to meet the customer's timeline.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:17 pm

FTDR

Frontdoor, Inc. (NASDAQ:FTDR) has announced the promotion of Kathy Collins to SVP & Chief Revenue Officer and Evan Iverson to SVP & Chief Operations Officer, effective January 1, 2024. These newly created positions aim to enhance the growth and customer experience of the American Home Shield and Frontdoor brands. Collins will oversee revenue-generating activities without backfilling her previous role as Chief Brand Officer. Iverson will manage operational functions and continue his work on contractor engagement without a separate backfill for his previous role.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:15 pm

CRWD

CrowdStrike (NASDAQ:CRWD) and Optiv have surpassed $1 billion in sales of the CrowdStrike Falcon platform through their partnership. This milestone highlights the success of their collaboration in modernizing cybersecurity across various industries. CrowdStrike's Falcon platform, combined with Optiv's partner program, has driven growth and reduced risk for customers. CrowdStrike also achieved over $1 billion in AWS Marketplace sales and was recognized as a growth leader in a Canalys report, with a 39.1% growth rate in channel sales.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:12 pm

SYY

Sysco Corporation (NYSE:SYY) and iFoodDS have initiated a proof-of-concept project to develop solutions for compliance with the FDA's FSMA 204 Food Traceability Rule. The project aims to create a flexible, scalable, and interoperable traceability system that will benefit Sysco's extensive supplier network and customers by ensuring a safer and more transparent food supply chain. Sysco is committed to finding compliance solutions that can be widely implemented, while iFoodDS brings expertise in scalable traceability platforms.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:05 pm

SNES

SenesTech, Inc. has entered into an exclusive distribution agreement with Fruit Tree Limited for its Evolve Soft Bait product in Hong Kong and Macau. The agreement includes an initial order for the product, which is designed for rodent control.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:01 pm

JFBR

MDGS

Medigus announced that Jeffs' Brands, in which it owns a 34.87% stake, signed a non-binding LOI with Sky Growth Partners to invest in advanced laser-based wireless charging technology for drones and unmanned aircrafts. Jeffs' Brands will hold a 70% equity interest in a new Israeli company (NewCo) after a $2.5M investment. The LOI includes milestones that could grant additional equity to founders without extra cost.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:48 pm

NHWK

NightHawk Biosciences (NYSE:NHWK) has completed a manufacturing run for a premier U.S.-based biopharmaceutical company at its Scorpius BioManufacturing facility. This marks a significant milestone and advances a multi-million dollar contract awarded earlier in the year. The company expects to recognize revenue from this contract in 2024 and is preparing for commercial-scale production following regulatory filings. NightHawk's CEO Jeff Wolf highlighted the strong interest in their CDMO services and the recent organizational streamlining to focus on CDMO activities, which are anticipated to generate significant revenue and cash flow.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 1:40 pm