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SINT

SINTX Technologies, Inc. (NASDAQ:SINT) reported preliminary Q4 2023 revenue of $902K and FY23 revenue of $2.6M, reflecting an 18% and 68% increase respectively compared to the same periods in 2022. The growth is attributed to the acquisition of TA&T and increased sales in aerospace, biomedical, and energy markets. Commercial revenues surpassed government contracts in Q4 for the first time since TA&T's acquisition. SINTX expects continued growth in 2024, targeting the defense, aerospace, industrial, and energy markets, and plans to re-engage the ballistic and body armor market.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:04 pm

EDBL

Edible Garden AG Incorporated has been granted U.S. Patent No. 11,830,088 B2 for its GreenThumb Greenhouse Agriculture System. The patent covers methods and systems for optimizing greenhouse farming, including planting, pesticide application, and harvesting. The system uses sensors and a proprietary learning engine to forecast crop availability and predict market demand, allowing for automated planting and harvesting instructions. This is the third patent for the GreenThumb system, and the company is also seeking a trademark for the system's name.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:03 pm

ESGL

ESGL Holdings Limited (NASDAQ:ESGL), an enviro-tech company, has entered into a multi-year agreement with Sentosa Clay Products to co-produce sustainable bricks using ESGL's proprietary product, NEWSPAR. The agreement, which lasts until the end of 2025, will result in the production of over 10 million sustainable bricks annually, enough for about 1,000 two-storey houses. This partnership is expected to provide environmental benefits and an alternative revenue stream for ESGL.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:02 pm

FSR

Fisker Inc. shares have risen following a business update where the company announced its expectation to sell most of its current vehicle inventory before the end of Q1. This positive outlook on sales performance is likely driving investor optimism.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:54 pm

TSM

Industry sources anticipate a significant increase in CoWoS (Chip on Wafer on Substrate) production capacity at TSMC, which is expected to boost AI server sales for server companies in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:53 pm

INVO

Naya Biosciences is set to acquire Florida Biotechnologies for $20 million in shares of NAYA post-merger with INVO Bioscience. Florida Biotechnologies, which has developed a program in collaboration with the University of Miami's Bascom Palmer Eye Institute, is also eligible for an additional $5 million upon achieving certain milestones. NAYA is working on accelerating Phase II clinical development and Early Patient Access after initial safety was demonstrated in a 28-patient clinical trial. The company is also focusing on acquiring clinical and commercial assets in oncology, regenerative medicine, and fertility. The merger with INVO Bioscience is expected to close in the first quarter of 2024, following the recent filing of S-4 and joint draft proxy statements.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:47 pm

BLK

CSIQ

Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ), has secured a $500 million investment from BlackRock (BLK) to expand its renewable energy platform. The investment represents 20% of Recurrent Energy's shares on a fully diluted basis. Canadian Solar will retain the majority ownership. The capital will help Recurrent Energy grow its project pipeline and transition to a long-term owner and operator, particularly in the U.S. and Europe. The company has a significant development pipeline and expects to have substantial solar and storage operations by 2026. The transaction excludes certain regions and is subject to regulatory approvals. BlackRock's investment is from its Climate Infrastructure fund, aligning with the global trend towards renewable energy, with solar capacity expected to triple by 2027.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:45 pm

GOOG

GOOGL

Google is testing a new AI voice feature for Gmail, known as 'Draft email with voice', which allows users to create email drafts using voice prompts. This feature builds upon the 'Help me write' tool introduced at Google I/O 2023 and is currently available to select users in the Workspace Labs program. The feature aims to enhance user experience and productivity by integrating AI-powered tools into Gmail, although the launch date and device compatibility are not yet announced.

Portfolio Pulse from Rounak Jain

January 23, 2024 | 1:42 pm

XBP

XELA

Exela Technologies, Inc. and XBP Europe announce the launch of Reaktr.ai, a new Global Business Unit focused on AI-powered cybersecurity, data modernization, and multi-cloud management. Reaktr.ai aims to address the talent gap in a rapidly changing industry and will be led by Vineet Chaku. The initiative includes establishing Centers of Excellence to enhance operational efficiency and innovation for enterprise customers. This strategic move positions Exela and XBP at the forefront of the cyber, large data, and generative AI landscape.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:37 pm

SURG

SurgePays, Inc. (NASDAQ:SURG) has announced a strategic partnership with SIN PIN, a telecom service provider for immigrant communities in the US. This partnership aims to drive wireless subscriber growth in the Hispanic community through a distribution agreement that allows SIN PIN to use the SurgePays software platform to activate prepaid wireless subscribers and facilitate applications for the Affordable Connectivity Program (ACP) at numerous retail locations. SurgePays' President, Jeremy Gies, highlighted the company's unique position to support Spanish-speaking customers with a team in El Salvador.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:37 pm