News Archives - Page 34 of 115

MondayAug 26, 2024 2:10 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) Strikes $250 Million Deal with California to Support Journalism

Alphabet’s (NASDAQ: GOOGL, GOOG) Google, a tech giant known for its search engine and various digital services, has recently made headlines with a $250 million deal with the state of California. This agreement is designed to support newsrooms across California, providing a much-needed financial boost to the journalism industry. The industry has been struggling with financial difficulties and has seen numerous layoffs over the year. This move by Google is seen as a commitment to the media sector, highlighting the company’s involvement in areas beyond its core tech operations. Despite the significant amount of money involved, some critics argue that the $250 million investment is…

MondayAug 26, 2024 10:59 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces ‘Landmark Agreement’ Providing Exposure to the UAE, Middle East

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a contract worth approximately $210 million. According to the announcement, Volt Mobility, a leading United Arab Emirates (“UAE”)-based commercial leasing company, has entered into a purchase agreement to acquire 3,000 Class 1 and Class 3 EV cargo vans and trucks over a 16-month period. Mullen will receive an initial $3 million deposit within 60 days and additional payments as the EVs are delivered. The company will begin shipping the first vehicles immediately. Mullen expects to recognize approximately $210 million in revenue over the next 16 months of the…

MondayAug 26, 2024 10:32 am

TechMediaBreaks – Sekur Private Data Ltd. (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0) Announces CA$1.7M Non-Brokered Private Placement

Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0), a leading Swiss-hosted secure and private communications platform, today announced a non-brokered private placement. The company will issue up to 50,000,000.00 units, each consisting of one common share priced at CA$0.034 per share and one full share purchase warrant. The announcement noted that each warrant will entitle the holder to purchase a common share at a price of CA$0.055 per share for a period of 24 months from the closing date. The company aims to raise gross proceeds of up to CA$1,700,000 from the private placement and intends to use the…

MondayAug 26, 2024 10:11 am

TechMediaBreaks – SenesTech Inc. (NASDAQ: SNES) Closes on $2.3M Warrant Exercise

SenesTech (NASDAQ: SNES), the rodent fertility control experts and inventors of the only EPA-registered contraceptive for male and female rats, has closed on an exercise of certain existing warrants. The exercise consisted of purchasing 505,502 shares of the company's common stock at a reduced exercise price of $4.60 per share. The company also issued new warrants. According to the announcement, gross proceeds from the exercise of the existing warrants totaled an estimated $2.3 million before fees and deductions. The company plans to use the funds from the transaction for working capital and general corporate purposes, including the continued rollout of its Evolve(R) product…

MondayAug 26, 2024 8:30 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Partners with Multiple Sheriff Agencies Across West Virginia to Deploy Cutting-Edge PureOne Technology

SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, is announcing that it has secured new electronic monitoring contracts with multiple Sheriff agencies across West Virginia. These contracts leverage SuperCom’s innovative PureOne suite to provide robust monitoring solutions in rural areas. According to the announcement, the contracts are already generating recurring revenue, solidifying SuperCom’s footprint in the U.S. market, particularly in rural regions where robust and reliable monitoring solutions are crucial. “We are excited to partner with Sheriff agencies across West Virginia to bring our cutting-edge PureOne technology to their communities. These…

ThursdayAug 22, 2024 2:22 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC), Blackswan Technologies Formalize Terms of Partnership

HUB Cyber Security (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data fabric solutions, has formalized the terms of its collaboration with Blackswan Technologies (“BST”), a U.S. enterprise-artificial intelligence (“AI”) vendor. The company had announced the collaboration last year, and following a successful period of working together, HUB Security and BST are moving forward to codevelop and showcase innovative SDF solutions. The company noted that, as part of the partnership agreement, HUB Cyber Security has the exclusive option to acquire BST by August 22, 2025, subject to various conditions. “We are thrilled to formalize our collaboration with…

WednesdayAug 21, 2024 11:55 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary to Begin Production of All-New Class 4 Commercial Truck in September

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that Bollinger Motors, its subsidiary, intends to begin production of saleable units of the Bollinger B4 Chassis Cab, an all-new Class 4 commercial EV truck, on September 16, 2024. Bollinger Motors is partnering on production with Roush Industries, which provides contract manufacturing services from its facility in Livonia, Michigan. According to the announcement, deliveries and revenue recognition of the B4 EV truck is expected to begin in October 2024. “We are already experiencing strong momentum in the market from important customers throughout the country,” commented Jim Connelly, chief…

WednesdayAug 21, 2024 8:30 am

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS), NTT DOCOMO Report on Quantum Optimization Pilot Program Resulting in 15% Improved Mobile Network Performance

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, has partnered with NTT DOCOMO Inc., Japan’s largest mobile phone operator, to work on a quantum optimization pilot that resulted in demonstrable mobile network performance improvements. According to the announcement, the project showed a reduction in network signal congestion across base stations, with potential for more efficient signal transmission and equipment cost savings. For the collaboration, DOCOMO used D-Wave’s annealing quantum computing solutions to reduce congestion at base stations by decreasing paging signals during peak calling times…

TuesdayAug 20, 2024 3:49 pm

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Quantum AI Product Roadmap Enhancements Highlighted in Syndicated Broadcast

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, is featured in a NetworkNewsAudio (“NNA”) broadcast. NNA broadcasts are designed to provide additional visibility, recognition and brand awareness to the investment community. According to the broadcast, D-Wave is focused on strengthening the connection between quantum optimization, artificial intelligence (AI) and machine learning (ML). The company is working to accomplish this by extending its product development roadmap with enhancements to its Leap™ quantum cloud service. Three key areas are included in D-Wave’s product development roadmap extensions:…

TuesdayAug 20, 2024 1:48 pm

TechMediaBreaks – Laser Photonics Corporation (NASDAQ: LASE) Closes on $3M Securities Purchase Agreement

Laser Photonics (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, has closed on a securities purchase agreement with institutional investors. The private placement totaled $3 million in gross cash proceeds, before deductions and expenses. According to the announcement, Laser Photonics anticipates using the funds from the agreement for working capital and general corporate purposes. Laser Photonics also issued an aggregate of 1,500,000 units in connection with the private placement. Aegis Capital Corp. acted as the exclusive placement agent for the private placement. To view the full press release, visit https://ibn.fm/dMaIA About Laser…

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