Streetbeat News

Partnerships

ITI

Iteris, Inc. (NASDAQ:ITI) has been awarded contracts for smart mobility, safety and sustainability projects by two agencies in the Midwest: Indianapolis Metropolitan Planning Organization (IMPO) and Mid-America Regional Council (MARC). The projects will improve traffic management, safety and mobility in Indianapolis and Kansas City. Financial terms were not disclosed.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:35 pm

NRGV

Energy Vault Holdings, Inc. (NYSE:NRGV) has announced the commencement of commissioning of the world's first EVx Gravity Energy Storage System. The system, located in Rudong, Jiangsu Province, China, is expected to be fully interconnected to the local state utility grid in Q4 of this year. The 25 MW/100 MWh EVx GESS is built adjacent to a wind farm and a national grid interconnection site to augment and balance China's national energy grid through the storage and delivery of renewable energy. The company's gravity energy storage technology is also being used in other projects in China, including a 100 MWh gravity energy storage project in Huailai County, Hebei Province.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:29 pm

ABVC

ABVC Biopharma, Inc. (NASDAQ:ABVC) has signed a term sheet with Xinnovation Therapeutics Co., Ltd for the exclusive licensing of ABV-1504 for Major Depressive Disorder (MDD) and ABV-1505 for Attention-Deficit/Hyperactivity Disorder in mainland China. The deal could bring in up to $20 million in licensing fees and 5-12% royalties on net sales, potentially generating around $50 million annually and $1 billion over the patent life of the products.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:23 pm

CMND

SPRC

Clearmind Medicine Inc (NASDAQ:CMND) has filed a provisional patent application for the treatment of Dyskinesia with the US Patent and Trademark Office. The patent application refers to the psychedelic molecule 3-Methylmethcathinone (3-MMC) as a potential treatment for Dyskinesia. The patent application also includes protection for its unique combination of 3-MMC and SciSparc's Palmitoylethanolamide for Dyskinesia as part of its ongoing collaboration with SciSparc Ltd (NASDAQ:SPRC).

Portfolio Pulse from Vandana Singh

August 01, 2023 | 1:17 pm

FVRR

Fiverr International Ltd. (NYSE:FVRR) has announced major product releases, continuing its tradition of product innovation. The releases follow recent launches including Fiverr Enterprise, Fiverr Certified, and partnerships with brands like Amazon Ads and Stripe. The company is accelerating its investment in moving upmarket and tackling technological challenges to create innovative products.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:08 pm

GOOG

GOOGL

GRFS

Grifols, a global healthcare company, has announced a collaboration with Google Cloud to apply artificial intelligence (AI) technologies to accelerate the development of new biopharma medicines. The AI will be used across the drug-development life cycle, including identifying potential therapeutic candidates and managing clinical trial programs. Grifols will also explore new applications and use cases for data and AI in the biopharma sector.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:01 pm

AAPL

HNHPF

Foxconn Technology Group, a key supplier for Apple Inc, plans to invest over $1.2 billion in Karnataka, India, to establish two new component factories. This is in addition to a previously reported $700 million facility near Bengaluru's airport. One of the new factories will produce parts for Apple, including iPhones. This move reflects India's growing appeal as a manufacturing destination amid U.S.-China tensions. Apple's revenue in India grew by nearly 50% to ~$6 billion through March.

Portfolio Pulse from Anusuya Lahiri

August 01, 2023 | 1:00 pm

MOBQ

Mobiquity Technologies, Inc. (NASDAQ:MOBQ) and Optical Near ME have announced the rollout of their joint marketing program for the eye care industry. The program, which includes innovative shared revenue models and tools for robust data visualization, aims to revolutionize modern optical dispensing and help local optical retail businesses regain their strength. The collaboration targets the $76 billion-dollar industry, with marketing packages starting as low as $3,000/month.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 12:55 pm

MXCT

MaxCyte has entered into a partnership with Prime Medicine, granting non-exclusive clinical and commercial rights to use MaxCyte's Flow Electroporation Technology, ExPERT platform. In return, MaxCyte will receive annual license fees and program-related revenue.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:48 pm

EVLV

Nash County Public Schools has partnered with Evolv Technology for AI weapons detection, making it the eighth school district in North Carolina to do so. The partnership aims to enhance safety in schools.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:36 pm