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TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has committed $50 million in equipment financing to Electric Hydrogen, a manufacturer of electrolyzer systems for producing green hydrogen. This financing supports Electric Hydrogen's gigafactory in Devens, MA, which is set to begin production in Q2. Electric Hydrogen aims to decarbonize industrial processes with its technology and has raised over $600 million in total capital, including a recent $380 million Series C equity raise.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:19 pm

DGLY

Digital Ally's subsidiary, Kustom Entertainment, has acquired the Country Stampede Music Festival, a historic and impactful event, as part of its expansion strategy leading into the 2024 festival season. The terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:19 pm

ABBV

Allergan Aesthetics, an AbbVie company (NYSE:ABBV), announced the U.S. FDA approval of JUVÉDERM VOLUMA XC for temple hollowing improvement in adults. This marks the first FDA approval for a hyaluronic acid dermal filler in the upper face, addressing a significant unmet need. Clinical studies showed over 80% improvement in temple hollowing three months post-treatment, with results lasting up to 13 months. The approval underscores Allergan Aesthetics' commitment to innovation and patient care.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:18 pm

KMT

Kennametal Inc. (NYSE:KMT) has entered into a strategic partnership with CAM software leader ModuleWorks to drive intelligent and integrated digital manufacturing solutions. This partnership aligns with Kennametal's strategic growth initiatives, particularly in enhancing service for small and medium General Engineering shops and advancing online tool selection, simulation, and tooling packages. The collaboration aims to address customer challenges such as the evolving workforce and the need for greater technical support, aiming for more precise and efficient machining while reducing costs.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:17 pm

JOBY

Joby Aviation has acquired a new facility in Ohio and has started hiring to support its initial manufacturing operations. This move marks a significant step for Joby as it ramps up its efforts to begin production.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:17 pm

HUGE

FSD Pharma announced the presentation of Lucid-21-302 data at the ACTRIMS Forum, scheduled for February 29 to March 2. This event is significant for the company as it showcases their latest research findings.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:16 pm

CRWD

DELL

Dell Technologies (NYSE:DELL) and CrowdStrike (NASDAQ:CRWD) have expanded their strategic partnership to deliver Dell's Managed Detection and Response (MDR) services using the CrowdStrike Falcon XDR platform. This collaboration aims to help customers defend against complex cyberattacks by leveraging Dell's global security operations and CrowdStrike's AI-native platform. The service is now available globally, directly and through channel partners, addressing the cybersecurity skills gap and providing scalable security solutions.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:16 pm

QUIK

QuickLogic Corporation (NASDAQ:QUIK), a developer of embedded FPGA IP and other solutions, has been selected by a large multi-national company to provide eFPGA IP for the TSMC N12e, 12nm process. This IP, scheduled for delivery in fiscal year 2024, is aimed at creating an ultra-low-power SoC for commercial and industrial IoT applications, leveraging AI for data acceleration. QuickLogic's technology was chosen for its ability to adapt to changing AI algorithms, low power consumption, and high throughput.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:16 pm

BIAF

bioAffinity Technologies, Inc. (NASDAQ:BIAF) reported a 375% growth in orders and processing of its CyPath Lung tests over the past three months compared to the previous period. This growth is attributed to increasing physician interest, a newly approved reimbursement code, and strategic initiatives including branding and sales force expansion. The company is on track to meet its sales forecast for the limited test market launch in Texas, with plans to expand nationally. CyPath Lung, a noninvasive test for early-stage lung cancer detection, uses advanced flow cytometry and AI for diagnosis. The company anticipates capitalizing on the lung cancer diagnostics market, projected to reach $4.7 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:15 pm

IBGR

DRYWORLD Brands Inc. (OTC:IBGR) reported a 1,700% sales growth in Q1 2024 compared to Q1 2023, with e-commerce revenue increasing by over 227% year-over-year, attributed to its Ambassador Program. The company has launched 377 products in the last two years, reaching nearly 1,000 customers across 53 countries. DRYWORLD plans to up-list to the OTCQB, expand operations, and has aligned with top athletes and teams for growth. Despite a 14.89% drop in share price to $0.008, the company aims for long-term shareholder value.

Portfolio Pulse from Akanksha Bakshi

March 05, 2024 | 1:14 pm