Streetbeat News

Partnerships

CBAT

CBAK Energy Technology, a lithium-ion battery manufacturer, has secured an order worth RMB 33.58 million from Anker Innovations for portable power supply batteries. The company expects subsequent orders from Anker Innovations, a global leader in charging technology.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 12:02 pm

GNS

Genius Group Limited (NYSE:GNS) has announced a joint venture partnership with Groove Digital Inc and Groove AI to deliver AI-powered tools to GeniusU partners and faculty. The joint venture company, Genius Groove Inc, will integrate Groove Digital’s tools and Groove AI’s large language model engine with GeniusU’s Partner Portal. The AI Educator SAAS solution is expected to be market ready by Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:35 am

BWAY

BrainsWay Ltd. (BWAY), a global leader in noninvasive neurostimulation treatments for mental health disorders, announced that its partner, Katie's Way Plus, has ordered an additional 10 Deep Transcranial Magnetic Stimulation (Deep TMS) systems. This will more than double Katie's Way Plus's existing offering.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:31 am

EH

EHang Holdings Limited (NASDAQ:EH) has announced a strategic investment in Shenzhen Inx Technology Co., Ltd., a solid-state lithium metal battery technology company in China. The investment is part of a plan to cooperate with Inx on the research, development, and production of solid-state lithium metal batteries for EHang's autonomous aerial vehicle (AAV) products. The funding round was led by GL Ventures, with participation from Connected Intelligence Fund, Qilu Qianhai Fund, EHang, and Fenghe Capital.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:28 am

UXIN

Uxin has announced an equity investment agreement with Hefei Construction Investment North City Industrial Investment. The agreement involves an investment of up to RMB1.5B in Uxin's Hefei subsidiary, Youxin (Hefei) Automobile Intelligent Remanufacturing, over the next decade. This investment will support the operation and development of Uxin’s used car super store in Changfeng County, Hefei City. Post-investment, Hefei Construction Investment's equity ownership in Uxin Hefei will not exceed 50%, and Uxin retains the right to repurchase such equity stake. This investment will not dilute Uxin Limited’s shares listed on NASDAQ.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:12 am

HSDT

Helius Medical Technologies, Inc. (NASDAQ:HSDT) has signed an agreement with the School of Rehabilitation at the Université de Montréal for the purchase of ten PoNS devices. These devices will be used in a research project related to stroke recovery.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:06 am

DNMR

Danimer Scientific, Inc. (NYSE:DNMR) is expanding its collaboration with Chevron Phillips Chemical to explore development and commercialization of various products using Rinnovo™ polymers. Rinnovo™ is a type of polyhydroxyalkanoate synthesized from lactones produced using Danimer's proprietary Novo22™ catalyst technology, which can be used in the production of biodegradable alternatives to traditional plastics.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:06 am

XYL

Xylem Inc. (NYSE:XYL) and LORENTZ, a German solar water pump manufacturer, have announced a distribution agreement to expand the availability of solar-powered pumping systems globally. These systems are used in agriculture, irrigation, and drinking water applications, helping water managers to meet decarbonization goals and reduce operating costs.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:04 am

SQ

Square has announced a partnership with Jane Technologies, an online ordering platform for cannabis dispensaries, to cater to cannabis sellers in Canada. The partnership will allow cannabis dispensaries processing with Square to supplement their physical stores with an online store. Square has also announced an Early Access Program for licensed cannabis dispensaries in Ontario to test the Square for Retail point of sale solution.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:01 am

CLIR

SRE

SoCalGas and ClearSign Technologies Corporation have been awarded a grant by the U.S. Department of Energy to scale-up their ultra-low-NOx hydrogen-powered industrial burner prototype. This collaboration aims to reduce emissions and increase energy efficiency.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 11:00 am