Streetbeat News

Partnerships

RVSN

Rail Vision Ltd. (NASDAQ:RVSN) has completed the delivery of its AI-enabled MainLine obstacle detection system to a leading Latin American mining company. The $500,000 deal includes the system and support services such as supervision, guidance, and training. The MainLine system enhances railway safety by detecting potential obstacles on the tracks using advanced sensors and AI, even in challenging conditions. The global railroad market is growing, with the railway signaling market expected to reach $31 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:20 pm

JFBR

Jeffs' Brands has signed an agreement granting Bolly John Giving Co. exclusive rights to sell and distribute Bolly John's hair products on Amazon. This partnership could potentially increase the visibility and sales of Bolly John's products on the e-commerce platform.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:20 pm

BIGC

Waterfront Brands has chosen BigCommerce (NASDAQ:BIGC) to revamp its Boat Lift Warehouse website into a dynamic storefront. This marks the fourth brand from Waterfront Brands to utilize the BigCommerce platform. The migration from WordPress to BigCommerce, led by agency partner Groove Commerce, aims to enhance ecommerce functionalities, improve product data and search accuracy, and provide better customer purchasing experiences. BigCommerce's flexibility and ease-of-use were key factors in Waterfront Brands' decision, with the goal of driving customer loyalty and increasing sales.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:20 pm

CYTO

Altamira Therapeutics Ltd. (NASDAQ:CYTO) provided an update on its business strategy, including the partial spin-off of its Bentrio business, transition to a pure-play RNA delivery company, and financial restructuring. The company completed the Bentrio transaction, retaining a significant stake and potential future income. Altamira is also partnering its legacy assets and advancing its RNA delivery platforms, OligoPhore and SemaPhore. Cost reductions and debt repayment have strengthened the balance sheet. A 20-for-1 reverse stock split is planned to comply with Nasdaq listing rules and attract institutional investors.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:18 pm

SIMO

Silicon Motion Technology Corporation (NASDAQ:SIMO) announced a new organizational structure to support its global business growth. The company has created two business units: Client & Automotive Storage (CAS) and Enterprise Storage & Display Interface Solution (ESDI). Nelson S. Duann is appointed as Senior VP of the CAS unit, Alex Chou as Senior VP to lead the ESDI unit, and Robert Fan as Senior VP of Global Sales and President of SMI USA. The changes aim to foster faster innovation and stronger growth.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:17 pm

TALK

Talkspace (TALK) and Evernow have formed a strategic partnership to provide mental health services and resources to women over 40 during menopause. This collaboration aims to improve access, convenience, and personalized care for their growing member base.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:15 pm

AMZN

BBAI

BigBear.ai (BBAI) has expanded its collaboration with Amazon Web Services (AWS) to provide AI-driven warehousing solutions through its ProModel technology. This partnership aims to enhance supply chain and logistics operations globally with optimized design, workflows, staffing, and resource allocation. BigBear.ai's CEO and VP of Commercial Delivery highlighted the significance of this collaboration in meeting market demand and improving warehouse efficiency and decision-making.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:12 pm

BIOR

Biora Therapeutics has entered into a collaboration with an undisclosed large pharmaceutical company to test the BioJet Systemic Oral Delivery Platform. The platform's effectiveness in achieving bioavailability through oral delivery of the collaborator's molecules to the small intestine will be evaluated using animal models.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:11 pm

ZCMD

Zhongchao Inc. (ZCMD) renews its service agreement with Beijing Public Health Foundation to provide free medication assistance services for cancer patients through its subsidiary Zhongxin. The Project, in operation for three years, has served over 6,000 patients and donated over 22,000 doses of medication. It operates through 300 hospitals and 100 pharmacies, offering free Doxorubicin Hydrochloride Liposome Injections to low-income patients with various cancers. Zhongxin is responsible for staff training, daily operations, and project management, aiming to improve treatment efficiency and reduce financial burden on patients.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:08 pm

NGMS

NeoGames' subsidiary Pariplay has signed an agreement with Tipico's US business, allowing Tipico players to access Pariplay's Wizard Games titles and a selection of aggregated content from its Fusion platform.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:08 pm