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NEON

Neonode Inc. (NASDAQ:NEON) is shifting its business strategy to focus entirely on its licensing business, phasing out its Touch Sensor Module (TSM) product business. The company plans to license the TSM technology to strategic partners or outsource it. This decision follows the success in licensing technology, particularly the MultiSensing platform and zForce optical sensing technology. A recent deal with a leading commercial vehicle manufacturer has further validated the company's competitive edge and catalyzed this strategic pivot. Neonode will reallocate resources from the product team to the licensing team and reduce its workforce, mainly affecting consultants and personnel in Sweden.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:24 pm

F

TSLA

A Tesla (NASDAQ:TSLA) Cybertruck was filmed struggling with traction in snow and required assistance from a Ford (NYSE:F) F-150 pickup. The incident has sparked discussions about the Cybertruck's off-road capabilities in adverse conditions. The video contrasts the performance of electric vehicles against traditional gas-powered vehicles in challenging environments. Tesla CEO Elon Musk's previous comments about the Cybertruck's uniqueness are juxtaposed with this event.

Portfolio Pulse from Benzinga EV Insights

December 12, 2023 | 2:23 pm

PTPI

Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) has announced a partnership with Idea Evolver to develop an application using Idea Evolver's proprietary Rx-to-OTC platform, CodeScripts, for the prescription to OTC switch of its erectile dysfunction drug STENDRA® (avanafil). The application aims to facilitate the switch and includes an AI/machine learning component for automated screening, developed in response to FDA feedback. Idea Evolver has experience in Actual Use Trials, including a successful study for Crestor's OTC approval.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:21 pm

BRTX

BioRestorative Therapies, Inc. (BRTX) has received a notice of allowance from the USPTO for a patent application related to its ThermoStem program for obesity and metabolic disorders. This will be the fourth U.S. patent in this patent family, covering methods using human brown fat adipocytes to identify compounds for metabolic activity regulation. The patent is expected to issue on December 26, 2023, as U.S. Patent No. 11,851,682. The CEO highlighted the importance of this milestone in developing tools for screening compounds targeting metabolic disorders.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:20 pm

SOBR

SOBR Safe, Inc. (NASDAQ:SOBR) has announced a new partnership with Jireh Asphalt & Concrete, a construction industry leader in workplace safety. Jireh is implementing SOBRsafe's SOBRcheck™ technology at its central work yard in Mukilteo, Washington, to enhance safety by ensuring an alcohol-free environment. The technology offers quick, non-invasive alcohol detection, aligning with Jireh's commitment to safety and potentially reducing business insurance costs. The partnership was facilitated by Think Twice, a national distributor recommending SOBRsafe's technology.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:20 pm

NVVE

Nuvve Holding Corp. (NASDAQ:NVVE), in partnership with Toyota Tsusho and Chubu Electric Power Miraiz, is expanding its V2G capabilities in Japan by integrating stationary lithium-ion batteries produced by Nissin Electric Company. These batteries, totaling 30MWh in the Chubu area, will provide additional capacity and stabilizing services to the grid. The integration with Nuvve's GIVe platform allows for complex grid services and demand response, supporting Japan's 2050 carbon neutral goal and green transformation initiatives. Japan's grid expansion plan estimates a cost of $45 to $55 billion by 2050, with the battery market expected to grow significantly. Nuvve's CEO highlights the advanced AI-driven platform's ability to manage EVs and stationary storage batteries, enhancing grid services and Nuvve's growth.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:16 pm

DLPN

Dolphin Entertainment's subsidiary, Viewpoint Creative, has partnered with the Massachusetts State Lottery to enhance its Monitor Game product line, specifically by refreshing the visual identity of Keno, a popular game in the state. The goal is to modernize Keno while maintaining its classic user experience.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:09 pm

JKHY

TWLO

Twilio Inc. (TWLO) and Jack Henry (JKHY) have announced a collaboration where Jack Henry is using Twilio's suite of products to enhance communication and engagement with customers for banks and credit unions. Twilio's products, including SMS Programmable Messaging API and Authy for 2FA, are being used to send millions of messages monthly and improve the financial services experience. Jack Henry's platform has nearly 10 million users, a threefold increase in three years. Twilio's CPaaS offering was recently recognized as a leader in Gartner's 2023 Magic Quadrant for CPaaS.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:07 pm

BKNG

EXFY

Expensify, Inc. (NASDAQ:EXFY) has announced a new integration with Booking.com for Business, powered by Traxo, to provide a seamless receipt integration for business travelers. This integration allows automatic upload of travel receipts from Booking.com for Business directly into Expensify, eliminating manual data entry and reducing errors. The partnership aims to enhance the business travel experience by simplifying expense management.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:06 pm

SCLX

Scilex Holding has signed an insurance coverage agreement for ELYXYB with a national PBM for their Medicare population, which could expand the coverage of ELYXYB. ELYXYB is a treatment for acute migraine that has shown effectiveness in clinical studies, providing pain relief in as little as 15 minutes. Clinicians have indicated a need for alternatives to triptan therapy, and ELYXYB aligns with these needs.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:06 pm