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GSIT

GSI Technology, Inc. (NASDAQ:GSIT) has received an award from the Space Development Agency (SDA) with a potential total value of approximately $1.25 million. The award is for the development of a Next-Generation Associative Processing Unit-2 (APU2) for Enhanced Space-Based Capabilities. The U.S. Space Force is actively seeking solutions to address current limitations in processing big data needed to execute the mission objectives of the SDA.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:33 pm

SPCB

SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, has announced the integration of advanced AI capabilities into its PureSecurity electronic monitoring platform. The new AI features will enhance efficiency and effectiveness through real-time data insights and improved decision-making processes. The AI capabilities include automation for daily monitoring activities, advanced data analysis, and predictive monitoring.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:32 pm

RSLS

ReShape Lifesciences has signed a preferred partner agreement with Hive Medical for lead optimization software. This partnership is expected to enhance ReShape's product development process.

Portfolio Pulse from Bill Haddad

June 29, 2023 | 12:32 pm

GGR

INDA

The Indian State of Maharashtra and Gogoro Inc. (NASDAQ:GGR) have announced a partnership on an 'Ultra Mega Project' to manufacture and deploy smart battery infrastructure. The project, which would exceed $1.5 billion over eight years, includes more than $500 million investment in manufacturing and $1 billion in smart battery infrastructure deployment. The project is expected to generate approximately 10,000 direct and indirect jobs and is one of the largest EV investments in India's history.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:31 pm

KTTA

Pasithea Therapeutics has announced the completion of Good Manufacturing Practice (GMP) manufacturing for its product PAS-004.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:31 pm

RNXT

RenovoRx has released interim data on progression-free survival from its Phase 3 study of RenovoGem for pancreatic cancer, which has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:26 pm

DOTUSD

ETHUSD

VOD

Vodafone (NASDAQ:VOD) has announced a strategic alliance with Aventus, a Web3 enterprise solution provider, to transition into the public blockchain realm. The partnership will focus on supply chain and logistics, with the potential to reduce missing baggage at Heathrow Airport by up to 80%. Vodafone is also working to become a validator within the Aventus network. The move marks a trend of genuine enterprise adoption of blockchain technology.

Portfolio Pulse from Jose Rodrigo Safdiye

June 29, 2023 | 12:25 pm

BTAI

BioXcel Therapeutics has released topline results from its TRANQUILITY II Phase 3 trial of BXCL501 for acute treatment of Alzheimer's Disease-related agitation. The company's shares are trading lower following the announcement.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:24 pm

ZJYL

Jin Medical International Ltd. (NASDAQ:ZJYL) has announced a joint venture with Shanghai Sdoma Smart Technology Co. to produce and sell electric wheelchair and mobility scooter products. The JV will be established in Shanghai with an investment of up to RMB50 million over the next three years, 60% of which will be contributed by JinMed and 40% by Sdoma. JinMed will handle design and production, while Sdoma will manage sales, brand marketing, and overall operation. The JV aims to expand product lines, market penetration, and sales channels. ResearchAndMarkets predicts the electric mobility scooter market in China will grow at a CAGR of over 8% between 2021 and 2026.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:19 pm

MULN

Mullen Automotive (NASDAQ:MULN) has sold 22 EV cargo vans to Randy Marion Automotive Group, marking its first recorded revenue of $308,000. The revenue will be recognized in the quarter ending June 30, 2023. Mullen is also in process with six Campus EV Pilot Programs across four different industry categories. The company's commercial vehicles will be produced at Mullen's Tunica assembly plant.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:18 pm