Streetbeat News

Partnerships

MDT

Cosmo Pharmaceuticals' subsidiary, Cosmo Intelligent Medical Devices, has expanded its partnership with Medtronic (NYSE:MDT) to advance AI-driven endoscopic care. The collaboration builds on the success of the GI Genius module, an AI-powered polyp detection system, and introduces the AI Access platform for hosting multiple AI applications. Medtronic will pay Cosmo $100 million upfront, royalties on net sales, and up to $100 million in milestone payments by the end of 2024. Cosmo remains the exclusive manufacturer, while Medtronic gets exclusive global commercial rights.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:58 pm

LHX

L3Harris Technologies (NYSE:LHX) has appointed Kirk Hachigian and Bill Swanson to its Board of Directors and plans to add another independent director in 2024. A Business Review Committee is being formed to evaluate the company's operational performance and value creation levers, with results expected in 2024. L3Harris has also entered into a cooperation agreement with D. E. Shaw group, a major investor, regarding the appointment of the additional director and other governance matters. The company is adjusting its long-term incentive plan to focus more on shareholder return and will discuss its strategy and value creation initiatives at its Investor Day on Dec. 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:55 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) has received a new order for 10,000 tons of anode materials from Narada Power for 2024, which is three times the size of the order for 2023. The company has been a core supplier for Narada Power and is on track to deliver 3,500 tons by the end of 2023. The increased order size indicates a strengthened relationship and is expected to significantly boost sales revenue and profitability for Sunrise New Energy.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:45 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has deployed its first autonomous security robot, nicknamed 'Rob,' at U.S. Bancorp Tower in downtown Portland. Rob enhances security with features like 4K video surveillance, thermal imaging, two-way intercom, and license plate recognition. Unico Properties LLC, the operator of the tower, aims to provide top-tier security for tenants and visitors. Knightscope's technologies have historically led to reduced crime and increased arrests, adding to the safety of the building.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:42 pm

SNOW

Snowflake (NYSE:SNOW) has received FedRAMP High Authorization on AWS GovCloud, enabling it to handle sensitive unclassified federal data. This authorization allows Snowflake to offer its Government & Education Data Cloud for various government workloads and critical data analytics. Snowflake also announced enhanced governance capabilities with Snowflake Horizon at its 2023 Snowday event. The platform supports regulated workloads and enables secure data sharing for public sector organizations.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:20 pm

WKEY

WISeKey International's subsidiary, WISeSat.Space, is reinforcing its space strategy by engaging in strategic partnerships and innovative projects with various entities including Fossa Systems, the Swiss Armed Forces, PLD Space, SpaceX, and Dubai Port DP World. These collaborations aim to enhance WISeKey's position in the space industry.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:15 pm

IINN

Inspira Technologies OXY B.H.N. Ltd. (IINN) has appointed Dr. Dan Gorfil to its Medical Advisory Board. Dr. Gorfil's expertise is expected to contribute to the company's development of innovative medical technologies.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:11 pm

UBER

Uber Technologies has entered into a delivery partnership with Torchy's Tacos, adding over 100 restaurant locations across 14 states to the Uber Eats app for delivery services.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:54 pm

LQR

LQR House Inc. (NASDAQ:LQR) has announced a strategic marketing partnership with Brody's Crafted Cocktails, aiming to boost sales on its ecommerce platform CWSpirits.com. The Global Craft Cocktails Market is expected to grow significantly, reaching USD 837.22 million by 2030. LQR House is leveraging this growth by featuring Brody's Craft Cocktails, known for their all-natural, high-quality ingredients. The company's network of influencers is creating content to promote the partnership and drive consumer engagement.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:53 pm

BBGI

CAUD

FERN

GOLQ

LGIQ

TCOA

Collective Audience, Inc. (NASDAQ:CAUD) has appointed Peter Bordes as CEO, succeeding Brent Suen. Bordes brings over 30 years of experience in AdTech, media, AI, fintech, and technology sectors. Suen praised Bordes' leadership and vision, which align with the company's goals to build a full stack integrated platform, acquire complementary technologies, and form new partnerships. Bordes' appointment is expected to open new business opportunities and drive growth. He has been an influential angel investor and holds board positions at several companies. In connection with his hiring, Bordes received 71,429 shares of restricted common stock of Collective Audience, vesting over six months.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:50 pm