Streetbeat News

Partnerships

ENLT

Enlight Renewable Energy (NASDAQ:ENLT) has secured a 15-year power purchase agreement for its Pupin wind farm in Serbia. The state-owned utility Elektroprivreda Srbije will purchase 72% of the project's output at a price of EUR 69 per MWh. The Pupin project, with a total generation capacity of 94 megawatts, will cost USD$149-157 million and is expected to generate revenues of USD$22-24 million and EBITDA of USD$13-15 million in its first full year of operation. Enlight is set to acquire a 66% stake in the project, subject to regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:05 pm

SVFD

Save Foods, Inc. (NASDAQ:SVFD) has increased its investment in Plantify Foods, Inc. (TSXV:PTFY) by purchasing an additional 55,004,349 common shares, making it the largest shareholder with 23.13% of Plantify's issued and outstanding share capital. Save Foods' CEO, David Palach, expressed his belief in Plantify's potential and commitment to sustainable food production. The decision to increase the investment was based on the potential synergies between the two companies and the rapid global growth in interest and sales of Plantify's products.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:15 pm

CCG

XPEV

Cheche Group Inc. (NASDAQ:CCG) has expanded its partnership with Xpeng, Inc. (NYSE:XPEV) to provide insurance services for Xpeng's EVs in ten cities. Xpeng's robust sales growth, with August's G6 deliveries exceeding 7,000 units, has been accompanied by Cheche's sophisticated insurance service platform. The partnership has established a new growth model for Xpeng and integrated opportunities for Cheche's digital insurance services.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:07 pm

GOOGL

Google Cloud, a division of Alphabet Inc. (NASDAQ:GOOGL), has partnered with Web3Auth to launch a new Firebase extension for businesses to transition to Web3. This follows Google Cloud's recent collaboration with Polygon Network as a validator. The new extension will allow existing businesses and applications on Firebase to onboard their users onto Web3, integrating both frontend and backend capabilities. The offering is backed by Google Kubernetes Engine for autoscaling and Cloud Armor for network security.

Portfolio Pulse from Khyathi Dalal

October 02, 2023 | 1:03 pm

GCI

Gannett Co., Inc. (NYSE:GCI) and the USA TODAY Network have announced a multi-year agreement to become the official media partner of Jackpocket, America's #1 lottery app. Jackpocket will serve as the official digital lottery courier of the USA TODAY Network, reaching a broad audience across the country. The partnership aims to leverage the synergies between the audiences of both entities, including Gannett's 45 million engaged sports fans.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:03 pm

NURO

NeuroMetrix (NURO) has announced a collaboration with the National Fibromyalgia Association to improve the quality of life for people living with fibromyalgia. The partnership aims to develop and promote better understanding and management of the condition.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:01 pm

MTEK

Maris-Tech, a provider of video-based edge computing solutions, expects revenues of $3.7 to $4.2 million in 2023, an increase of 48% to 68% compared to 2022. The company has launched several new products, including the Jupiter-AI and Uranus-AI video platforms with AI acceleration, and has entered into strategic cooperation agreements with international companies. Maris-Tech's products have been sold in various global markets, and the company is now focusing its marketing efforts on the defense, HLS, civilian, safe cities, and new space markets.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:48 pm

IPX

IperionX Limited (NASDAQ:IPX) has partnered with GKN Aerospace to deliver titanium plate test components manufactured with IperionX's advanced titanium technologies. The collaboration builds on the successful testing and validation of IperionX's 100% recycled titanium powder made from GKN scrap titanium feedstocks. The partnership may also extend to projects linked to the U.S. Department of Defense. IperionX aims to re-shore titanium mineral and metal production in the U.S., reducing reliance on primary titanium imports.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:36 pm

SGBX

SGD

Safe & Green Holdings Corp. (NASDAQ:SGBX) and its real estate development subsidiary, Safe and Green Development Corporation (NASDAQ:SGD), have entered into a non-binding letter of intent to sell its Lago Vista site for $11.5 million. The proceeds will be invested as equity in a new joint venture with a premier real estate development firm. The two companies plan to co-develop the site using SG Echo's modular units. The Lago Vista property was initially acquired by the Company in 2021 for $3.5 million.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:35 pm

WLDS

Wearable Devices Ltd. (NASDAQ:WLDS) has signed a non-binding Memorandum of Understanding (MOU) with a leading Chinese original equipment manufacturer (OEM) of extended reality (XR) smart glasses. The MOU is part of the company's Mudra licensing program, which allows OEMs to manufacture a custom reference design version combined with the company's touchless control technology. The partnership could significantly advance the capabilities of XR smart glasses and headsets.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:33 pm