News Archives - Page 68 of 156

WednesdayOct 09, 2024 1:48 pm

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Closes on $8.2M Private Placement

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe”), a provider of next-generation transdermal alcohol detection solutions, today announced the closure of a private placement with certain institutional investors. The offering, which consisted of 2,024,691 units issued by the company, raised aggregate gross cash proceeds of $8.2 million before deductions. SOBRsafe plans to use the net proceeds from the private placement for general corporate processes and working capital. To view the full press release, visit https://ibn.fm/2tAxd About SOBRsafe(TM) Alcohol misuse is the fourth leading cause of preventable death in America, and the seventh worldwide. Yet prevention and monitoring solutions have not kept pace with…

TuesdayOct 08, 2024 9:00 am

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Reports on Private Placement Valued at Estimated $8.2M

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, has released certain information regarding a private placement. The placement, which is with certain institutional investors, is projected to result in an estimated $8.2 million for the company, before the deduction of standard fees and costs. SOBRsafe anticipates using the funds for working capital and general corporate purposes. The company plans on issuing 2,024,691 units in connection with the placement, with each unit sold at $4.05. The announcement noted that each unit will comprise one share of common stock (or one prefunded warrant in lieu thereof), two Series A warrants…

MondayOct 07, 2024 1:51 pm

TechMediaBreaks – Snap Inc. (NYSE: SNAP) Quarterly Conference Call Announcement

Snap (NYSE: SNAP) is gearing up for its quarterly conference call to discuss the financial outcomes for the third quarter of 2024. This significant event is scheduled for Tuesday, Oct. 29, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). As a leading technology entity, Snap focuses on revolutionizing communication and self-expression through innovative camera technology, aiming to foster human progress. Interested parties can access the conference call via a live webcast, with a replay being available on Snap’s Investor Relations website for a minimum of 90 days. Currently, SNAP’s stock price is $10.62, marking a decrease of 1.71%…

MondayOct 07, 2024 10:55 am

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Announces ‘Significant’ Extension and Expansion of Exclusive Distribution Agreement with OPKO Health

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced that its original exclusive e-commerce distribution contract with OPKO Health Inc. (NASDAQ: OPK) has been extended for four years and expanded to include additional e-commerce platforms and digital and social media marketing across China. The original agreement allowed NextPlat to sell OPKO Health Europe’s nutraceutical and veterinary products on the Tmall Global e-commerce platform only. According to the announcement, the expanded contract also grants NextPlat the exclusive rights to sell and market OPKO products in Japan. “The significant extension and expansion of our agreement with OPKO is evidence of the…

MondayOct 07, 2024 9:45 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Forecasts $75M in GAAP Revenue Over Next 6 Months, Implements Immediate Measures to Cut Overall Expenses

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to ramp up its commercial sales to a monthly average of $12.5 million. As a result, the company forecasts $75 million in estimated GAAP revenue over the next six months from both Mullen Commercial’s and its subsidiary Bollinger Motors’ sales opportunities and pilot programs. The announcement also noted that the company is taking immediate steps to reduce its overall spend (operating and investing cash flows) from $12.8 million to $7.3 million. The $5.5 million cut is driven by a 20% reduction in headcount, elimination of…

FridayOct 04, 2024 9:30 am

TechMediaBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Bollinger Motors Delivers Five B4 All-Electric Trucks to First US Dealership

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its subsidiary, Bollinger Motors, has delivered five Bollinger B4 Chassis Cabs to Nacarato Truck Centers’ facility in LaVergne, Tennessee. The delivery was valued at $800,000, with the company receiving full wire transfer payment on September 30, 2024. Nacarato Truck Centers becomes the first dealership in the U.S. to receive the B4s. The dealership will sell four vehicles to commercial fleet customers and use one vehicle for its own internal parts deliveries between its 13 locations. “Nacarato Truck Centers is thrilled to be the first dealership in the…

ThursdayOct 03, 2024 3:13 pm

TechMediaBreaks – AQUALAB’s Lead Food Scientist to Speak at Upcoming 2024 National AACT Technical Seminar

AQUALAB, by Addium, today announced that Dr. Zachary Cartwright, Ph.D., its Lead Food Scientist, will present at the 2024 National American Association of Candy Technologists (“AACT”) Technical Seminar to be held October 7-9, 2024, at the Hyatt Lodge in Oak Brook, Illinois. This prestigious three-day event will bring together industry leaders and professionals to discuss the latest scientific advancements in candy technology. Dr. Cartwright’s session, titled “Overcoming Moisture Challenges in Candy and Confections,” is scheduled for Wednesday, October 9, at 1:35 p.m. CT. “I’m honored by the AACT’s invitation to speak at the upcoming National Technical Seminar,” commented Cartwright. “By…

ThursdayOct 03, 2024 2:03 pm

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Provides Update on International Expansion Opportunities in Key Markets

SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, is reporting on potential international expansion into three markets: India, Italy and Australia/New Zealand. According to the report, the company was approached by interested parties in all three regions regarding utilization of SOBRsafe technologies. In India, an infrastructure developer has designated SOBRsafe for a paid proof-of-concept (“POC”) installation in a public, safety-sensitive facility. In Italy, a global employer is leveraging SOBRsafe for a paid POC application of its proprietary wristband for the company's fleet drivers. In Australia/New Zealand, the company has partnered with a leading drug- and alcohol-testing service provider…

WednesdayOct 02, 2024 2:39 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Partners with UK Banks to Enhance Fraud Detection

Meta (NASDAQ: META), the parent company of Facebook, has enhanced its fraud detection capabilities by partnering with NatWest and Metro Bank in the UK. This collaboration, known as the Fraud Intelligence Reciprocal Exchange (“FIPE”), allows British banks to share crucial information directly with Meta, aiding in the identification and elimination of scam accounts. This initiative is part of Meta’s broader efforts to combat fraud across its platforms, including Facebook, Instagram and WhatsApp. The FIPE initiative has already shown significant results, with 20,000 fraudulent accounts linked to a concert ticket scam network being taken down. This partnership is a critical step…

WednesdayOct 02, 2024 12:14 pm

TechMediaBreaks – Resonance Security Signs NFL Center Jake Brendel to Its Full Spectrum Cybersecurity Platform

Resonance Security, a cybersecurity company providing full spectrum solutions protecting institutions and individuals against black hat operations and other cyberattacks exploiting vulnerabilities, today announced that it has signed San Francisco 49er’s center, Jake Brendel, as a customer. Brendel has been signed to a customized VIP cybersecurity platform called Shockwave, which combines advanced defensive and offensive cybersecurity measures with security tools and makes it easy for users to thwart cyberattacks. According to the announcement, Brendel’s package includes continual monitoring by the company’s highly experienced 24/7 cybersecurity response team, a personalized EDR solution for devices, gap analysis, a security checklist with scoring,…

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