Streetbeat News

Partnerships

HTCR

HeartCore Enterprises, Inc.'s subsidiary Sigmaways has launched Psyche60s, a virtual reality experience aimed at combining entertainment with education. The project utilizes advanced technologies like Unity, Unreal Engine, Adobe Generative AI, Nvidia computing, and ChatGPT. HeartCore's CEO highlighted Sigmaways' role in the company's growth strategy and its potential for strategic partnerships in the education sector. Psyche60s is available on Oculus, SideQuest, Steam, Google Play, and the App Store.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:34 pm

INBS

Intelligent Bio Solutions Inc. (NASDAQ:INBS) has announced that State Road Constructions in Australia has chosen its Intelligent Fingerprinting Drug Screening System for workplace drug testing. This system, which uses fingertip sweat to detect drugs, offers a non-invasive and rapid solution for maintaining safety and compliance with health policies. The system is portable and aligns with State Road's focus on operational efficiency and respectful workplace practices.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:33 pm

MULN

Mullen Automotive Inc. (NASDAQ:MULN) and Rapid Response Defense Systems (RRDS) have filed responses for a U.S. Customs and Border Protection application regarding Mullen's Class 1 EV cargo van. The application details the substantial transformation of the vehicle to meet U.S. standards, which could classify it as a U.S.-made product. The assembly process occurs in Mullen's Mississippi facility, employing 103 individuals, with the company employing around 400 nationwide. Mullen sources globally but is adding domestic suppliers to its supply chain. A successful ruling, expected within 45 days, would affirm Mullen's commitment to the U.S. EV market. Mullen and RRDS will showcase the Mullen ONE EV cargo van at the Fed Fleet conference in Washington, D.C. in January 2024.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:31 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares dropped in premarket trading after Needham analyst Chris Pierce downgraded the stock from Buy to Hold. The downgrade was due to reduced unit estimates following Lucid's disappointing quarterly results and less optimism about Lucid's ability to license its EV technology to Aston Martin. Despite the downgrade, Pierce was positive about Lucid's new Gravity SUV. Lucid's stock fell 1.21% to $4.188 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

November 27, 2023 | 1:21 pm

AZUL

SRFM

Surf Air Mobility Inc. (NYSE:SRFM) and Azul S.A. (NYSE:AZUL) have entered into an agreement to incorporate electric powertrains into Azul's Cessna Caravan fleet. The collaboration aims to develop Surf Air Mobility's proprietary electric powertrain technology in Brazil, with a focus on meeting regulatory requirements and achieving certification by 2026. Azul's goal is to reach net-zero carbon emissions by 2045, and the electrification of its fleet is a step towards this. The partnership is expected to reduce operating costs by 50% and eliminate carbon emissions for the aircraft, potentially improving the economics of Azul's routes and enabling new routes.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:21 pm

SVRE

SaverOne 2014 Ltd. (NASDAQ:SVRE) has announced a pilot program with System Logistics to test its transportation safety solutions on a number of vehicles from System Logistics' fleet. If the pilot is successful, it could lead to SaverOne's technology being implemented across System Logistics' entire fleet of over 100 vehicles.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:18 pm

ELWS

Earlyworks Co., Ltd. (NASDAQ:ELWS) has signed an MOU with Pocket RD Inc. to form a business alliance aimed at expanding their market presence in the 'phygital' marketing era. The alliance will leverage Earlyworks' private blockchain technology, Grid Ledger System (GLS), and Pocket RD's 3D Avatar and Blockchain XR technology to develop new business opportunities and provide user-friendly services for clients in the Web 3.0 industry. The collaboration is expected to improve technology performance, create high-quality blockchain systems, and strengthen market positions in various industries.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:18 pm

ASPI

ASP Isotopes Inc. has signed an MOU with a second US-based SMR company to develop a HALEU production facility, aiming to meet the growing demand for nuclear fuel. The Quantum Enrichment process, developed by ASP Isotopes and its subsidiary Quantum Leap Energy LLC, is expected to lower production costs and support the operation of small modular reactors (SMRs). With no current Western producers of HALEU in commercial quantities, ASP Isotopes anticipates a significant market opportunity, with potential customer interest exceeding $30 billion. The company plans to finance the project through customer pre-orders and partnerships.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:17 pm

DNA

Vivici BV, a Dutch B2B ingredients company, has partnered with Ginkgo Bioworks Holdings Inc (NYSE:DNA) to develop and commercialize alternative dairy proteins using precision fermentation. Ginkgo will provide optimized strains for dairy protein production, which Vivici will use to expand their protein range for specialized nutrition companies. Ginkgo's Protein Production Services and AI platform will be utilized in the process. DNA shares saw a slight decrease of 0.68% to $1.45 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

November 27, 2023 | 1:11 pm

OCUP

Ocuphire Pharma, Inc. has appointed Joseph Schachle as its new Chief Operating Officer. Schachle brings extensive experience from his previous roles in the pharmaceutical industry, including senior positions at Opus Genetics, Grifols, Parion Sciences, Inspire Pharmaceuticals, MedImmune, and GSK. His expertise in operations, sales, marketing, and strategic alignment is expected to support Ocuphire's advancement of their lead retina asset, APX3330, and prepare the company for future growth.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:10 pm