Streetbeat News

Partnerships

ALBT

Avalon GloboCare Corp. (NASDAQ:ALBT) announced that its subsidiary, Laboratory Services MSO, has signed an exclusive Master Service Agreement with GeneX Laboratory. Avalon owns a 40% interest in Laboratory Services MSO. The agreement will allow Laboratory Services MSO to be the exclusive testing provider for toxicology testing, genetic testing, and others in 21 states. This is expected to result in significant revenue growth for Avalon.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:13 pm

NXGL

NexGel has partnered with Enigma Health to distribute its products in retail stores across North America. This partnership is expected to expand NexGel's market reach and increase its product visibility.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:11 pm

XEL

Ambri has signed its first agreement with a utility provider, Xcel Energy, to test its 300kWh Liquid Metal battery system at SolarTAC in Aurora, Colorado for a period of 12 months. The system is expected to be fully operational in 2024. This collaboration represents the first field-deployed utility pilot system for Ambri and the initial evaluation of these batteries by a major U.S. utility. Xcel Energy plans to develop a follow-on Memorandum of Understanding (MOU) for larger-capacity long-duration energy storage projects.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:10 pm

ECVT

Zeolyst International, an Ecovyst Inc. (NYSE:ECVT) joint venture, and Valoregen have announced a strategic development program for advanced plastic recycling technologies. The collaboration will focus on the development of efficient and cost-effective solutions for plastic waste recycling. Zeolyst's Opal Infinity™ portfolio of zeolites will be utilized in this effort, aiming to enhance the overall efficiency and economic attractiveness of Valoregen's advanced plastic recycling processes.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:08 pm

STRC

Sarcos Technology and Robotics Corporation (NASDAQ:STRC) and Blattner Company have entered into a collaboration agreement to develop and refine Sarcos' autonomous mobile robotic system for the installation of photovoltaic (PV) modules for utility-scale solar projects. The system aims to improve worker safety, enhance efficiency, and address labor shortages in the solar construction industry. The companies will conduct field trials over the next few years, with Blattner providing funding, expertise, and facilities for testing. The commercial launch of the system is estimated for late 2024.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:05 pm

PBPB

Potbelly Corporation (NASDAQ:PBPB) has signed a 27-shop agreement with its founder Bryant Keil and his son Hampden in Maryland. The deal includes the development of 15 new Potbelly shops over the next eight years and the refranchising of 12 existing locations. This is part of Potbelly's Franchise Growth Acceleration Initiative, aiming to reach 2,000 shops over the next decade, with at least 85% of those locations being franchised.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:04 pm

META

MSFT

NVDA

QCOM

Qualcomm Inc (QCOM) stock is trading higher after the company collaborated with Meta Platforms Inc (META) to optimize the execution of Meta's Llama 2 large language models directly on-device, bypassing the sole use of cloud services. This allows developers to save on cloud costs and provide users with private, more reliable, personalized experiences. Qualcomm Technologies plans to make Llama 2-based AI implementation available on devices powered by Snapdragon from 2024 onwards. Microsoft Corp (MSFT) also disclosed expanding Meta AI partnership with Llama 2 on Azure and Windows.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 12:36 pm

SURG

SurgePays, Inc. (NASDAQ:SURG) has announced a partnership with LeadEx Solutions, a consumer marketing platform. The partnership will allow SurgePays to communicate directly with consumers via ATMs, providing the company with extended reach to Affordable Connectivity Program customers. The partnership also provides SurgePays with access to an ATM network that includes merchants not currently on the SurgePays network.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:34 pm

CNVS

Cineverse has renewed and expanded its global commercial YouTube channel agreement with VA Media. The agreement includes growing audiences for Free Movies from Cineverse, Screambox TV, Lone Star TV, Dove TV, and Con TV. All channels are owned and operated by Cineverse and powered by the company's digital managed service tech Matchpoint. The partnership aims to continue growing incremental audiences on YouTube and across social media.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:33 pm

SGE

Strong Global Entertainment (NYSE:SGE) announced that its subsidiary, Strong Technical Services (STS), has entered into an exclusive technical support partnership with MJR Theatres. STS will provide technical support, field service, and remote NOC support to MJR Theatres' 10 locations.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:32 pm