News Archives - Page 36 of 129

MondayNov 25, 2024 7:30 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Reports Strong Financial Performance and New Contracts, Expanding Footprint in US and Israel

SuperCom (NASDAQ: SPCB) reported a solid performance for Q3 2024, with year-to-date revenue reaching $21.3 million, a 2% increase over the prior year, and gross profit rising 35% to $10.7 million. Strategic contract wins, including a 5-year electronic monitoring project with Israel Prison Service and multiple U.S. contracts in states like West Virginia, Maryland, and New York, underscore SuperCom’s expanding presence in public safety and rehabilitative services. CEO Ordan Trabelsi highlighted SuperCom’s operational efficiency and growth potential, as demonstrated by improved profitability, positive free cash flow, and an increased gross profit margin. The company remains focused on innovation and deepening client…

ThursdayNov 21, 2024 11:39 am

TechMediaBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) CEO Applauds McMahon’s Nomination as Secretary of Education

Trump Media & Technology Group (NASDAQ: DJT) CEO Devin Nunes expressed strong support for Linda McMahon’s nomination as Secretary of Education, emphasizing her significant contributions to TMTG’s growth and her diverse expertise. McMahon, a TMTG board member, has played a pivotal role in navigating capital markets, expanding Truth Social, and launching the Truth+ streaming service. Nunes praised her integrity and vast experience across business, education and government, highlighting her prior leadership as SBA Administrator. TMTG, whose Truth Social platform fosters free expression beyond Big Tech’s reach, saw trading volume spike by over 15% following the announcement, reflecting heightened investor interest…

ThursdayNov 21, 2024 9:45 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Highlights American-Made Battery Production at Fullerton Facility

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, provided an update on its Fullerton, California, battery operations, which focus on producing next-generation battery packs and modules domestically. This initiative supports Mullen’s commitment to zero emissions and reducing reliance on imported battery components. CEO and Chairman David Michery emphasized the company’s mission to transition to American-made battery technology as part of its broader sustainability goals. To view the full press release, visit https://ibn.fm/QZNAP About Mullen Automotive Inc. Mullen Automotive is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located…

WednesdayNov 20, 2024 10:56 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands Presence in Higher Education with New EV Orders

Mullen Automotive (NASDAQ: MULN) announced new orders for its Mullen ONE Class 1 commercial EV cargo van from universities in Los Angeles and Berkeley, California, adding to recent orders from institutions like Princeton University, the University of Virginia, and the University of North Carolina. This growth reflects increasing adoption of clean energy vehicles by U.S. higher education institutions, which are prioritizing zero-emission goals for sustainability. Mullen’s commercial EVs, including the Mullen ONE cargo van and Mullen THREE cab chassis truck, are designed for efficiency and compliance with stringent environmental standards, aligning with the needs of these forward-thinking institutions. Incentives like…

TuesdayNov 19, 2024 3:05 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) Faces DOJ Scrutiny Over Chrome Browser

The U.S. Department of Justice (“DOJ”) is considering asking Alphabet (NASDAQ: GOOGL, GOOG), parent of Google, to sell its Chrome browser. This is part of an investigation into Google’s search monopoly. Chrome is a key part of Google’s internet services, and its potential sale could be a major development in the case. This scrutiny is part of broader efforts to address concerns over Google’s dominance in the search market. The potential sale of Chrome could serve as a bargaining chip in negotiations with the DOJ. This development highlights the increasing regulatory pressure on Google to address antitrust concerns. Despite these…

MondayNov 18, 2024 9:35 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures CARB HVIP Approval for Bollinger B4 EV Truck with Significant Incentives

Mullen Automotive (NASDAQ: MULN) announced that the California Air Resources Board (“CARB”) has approved Bollinger Motors’ all-electric Class 4 Bollinger B4 truck for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”). Under HVIP, the Bollinger B4, priced at $158,758, qualifies for up to $60,000 in state vouchers, potentially reducing its cost to under $59,000 when combined with a $40,000 federal tax credit. The Bollinger B4 offers a 185-mile range and a 7,394-pound payload, catering to commercial fleets seeking sustainable and high-performing vehicles. This milestone aligns with Bollinger Motors’ efforts to expand its market presence, bolstered by recent production…

MondayNov 18, 2024 8:45 am

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Expands OPKO Product Promotion at Asia’s Largest Health Expo in China

NextPlat (NASDAQ: NXPL, NXPLW) announced its participation in the 2024 China International Natural Health & Nutrition Expo (“NHNE”) in Wuhan, showcasing OPKO Health Europe products, including new veterinary and animal care offerings. Supported by its in-country marketing partner, NextPlat has seen increasing demand for OPKO products in China, fueled by online and offline promotional campaigns. The company is leveraging NHNE to connect with thousands of potential retail and distribution partners while launching OPKO storefronts on major Chinese platforms like WeChat and JD.com. NextPlat aims to secure broader physical distribution in major retail chains by 2025, advancing its strategy to capitalize…

FridayNov 15, 2024 2:29 pm

TechMediaBreaks – Aegis Capital Corp. Acts as Agent on $3.5M Private Placement for Cyngn Inc. (NASDAQ: CYN)

Aegis Capital has been in the wealth management and investment banking business since 1984 and is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis has announced that it acted as exclusive placement agent on a $3.5 million private placement for Cyngn (NASDAQ:CYN). To view the full press release, visit https://ibn.fm/DBUvT About Cyngn Inc. Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency. The company addresses significant challenges facing industrial organizations today, such as…

FridayNov 15, 2024 12:23 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Faces Regulatory Challenges in Europe

Meta (NASDAQ: META), the parent company of Facebook, is a leading technology conglomerate known for its social media services, including Facebook, Instagram and WhatsApp. The company is currently facing significant regulatory challenges in Europe, as evidenced by a recent $844 million fine imposed by the European Commission. This penalty stems from Meta’s practices on Facebook Marketplace, where it allegedly undermines competitors by integrating its classified ads platform directly within the social network. The fine has coincided with a decrease in Meta’s stock price, which is currently around $564.16 on the NASDAQ. Today, the stock has dropped by approximately 2.25%, equating…

FridayNov 15, 2024 9:25 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Partners with National Auto Fleet Group to Deliver Bollinger B4 EV Trucks to Government Fleets

Mullen Automotive (NASDAQ: MULN) announced a partnership with National Auto Fleet Group (“NAFG”) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies via NAFG’s Sourcewell-awarded contract. The Bollinger B4, designed with fleet and upfitter input, offers a 185-mile range, a payload of 7,394 pounds, and a robust chassis protecting its 158-kilowatt-hour battery pack. This collaboration provides Bollinger Motors with a streamlined pathway to secure government contracts, aligning with electrification goals of municipalities and agencies. Recent milestones for Bollinger include regulatory certifications, production launch, and multiple fleet agreements, bolstered by partnerships with key dealers, service centers, and…

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