News Archives - Page 92 of 114

WednesdayAug 09, 2023 2:21 pm

TechMediaBreaks – Maquia Capital Acquisition Corp. (NASDAQ: MAQCU), Immersed Inc. Announced Planned Merger

Maquia (NASDAQ: MAQCU), a publicly traded special purpose acquisition company, and Immersed, a leading provider of enterprise AI productivity solutions that use spatial computing to digitally transform the working environment, today announced entry into a definitive business combination agreement that will result in Immersed becoming a publicly listed company. According to the update, the transaction values Immersed at $150,000,000. Upon closing, the company is expected to be named Immersed Inc., with its common stock expected to trade on the Nasdaq Stock Market under the ticker symbol AIMR. “I am thrilled to partner with Renji [Renji Bijoy, founder and CEO of…

WednesdayAug 09, 2023 10:48 am

TechMediaBreaks – Knightscope, Inc. (NASDAQ: KSCP) Deploys K1 Hemisphere ASRs for Hawaii-Based Evaluation Client

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, has announced that it delivered on yet another important milestone in deploying its first two K1 Hemisphere ASRs at an undisclosed location in Hawaii for the final phase of product development – client testing. According to the update, Knightscope will collect insightful feedback over the next several weeks from its evaluation client, a global brand of full-service hotels and resorts, who will put the Hemisphere through its paces in a real operating environment. A number of pre-orders from various clients are due to…

TuesdayAug 08, 2023 1:37 pm

TechMediaBreaks — Mushrooms Inc. (MSRM) Transformative Mycelium Thread Tech Nears Completion, Filing for Patent Comes Next

Mushrooms (OTC: MSRM), a trailblazer in sustainable textile innovation, is in the final stages of filing a full patent application for its groundbreaking mycelium thread technology. Filing for the patent is part of the company’s mission to revolutionize the textile industry and represents a significant stride toward a more sustainable and ecologically conscious future while also advancing science and technology. According to the company, the unique characteristics of the mycelium thread position it as a “transformative force” across diverse sectors, including applications in the medical, military, aerospace, lifestyle and environmental spaces. The announcement noted that when natural properties of mycelium are…

TuesdayAug 08, 2023 1:09 pm

TechMediaBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Reverse Split, Stock BuyBack Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced a 1 for 9 reverse split. According to the announcement, the company plans to repurchase up to $25 million in shares through a stock buyback program after the filing of its 10-Q and upon expiration of its blackout period. In making the announcement, the company noted NASDAQ Listing Rule 5810(c)(3)(H), which states that “if a Company fails to meet the [Minimum Bid Price requirement], compliance is generally achieved by meeting the requirement for a minimum of ten consecutive business days. However, Staff may, in its discretion, require a Company…

TuesdayAug 08, 2023 11:26 am

TechMediaBreaks – CISO Global Inc. (NASDAQ: CISO) Launches Argo Edge Cloud Security Platform

CISO Global Inc. (NASDAQ: CISO), has unveiled Argo Edge, a powerful tool stack the company has been developing and testing for the past two years. According to the announcement, Argo Edge combines the most sought-after security technologies available with CISO's proprietary IP and threat feeds to provide a prebuilt, easy-to-implement solution created for use by both government and privately held entities. The new AI-powered security solution, which has been independently valued at $49 million, enhances cybersecurity effectiveness through coordination, integration and automation. The company stated that Argo Edge layers together preconfigured, preintegrated technologies that include cloud firewall as a service…

TuesdayAug 08, 2023 9:33 am

TechMediaBreaks — Cepton Inc. (NASDAQ: CPTN) Releases Q2 2023 Financial Report, Corporate Update

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has released its financial and corporate report for the second quarter, the period ended June 30, 2023. Financial highlights of the report include a 9% increase in total revenue with revenue coming in at $2.8 million; gross margins of 16%, a company record; and product revenue reaching $2.8 million, a 92% increase. Second quarter 2023 GAAP net loss was $14.2 million, with non-GAAP net loss reaching $11.8 million and adjusted EBITDA totaling $(12.6) million. Business highlights for the quarter included record shipments of lidar units in both the…

MondayAug 07, 2023 2:58 pm

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS), Davidson Technologies Showcase National Defense Solutions at Space and Missile Defense Symposium

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services, is collaborating with Davidson Technologies Inc. to create innovative new solutions to complex problems in the defense and aerospace sectors. Davidson Technologies is a technology services company that provides innovative engineering, technical and management solutions for the Department of Defense, aerospace and commercial customers. The two companies are participating in this week’s Space and Missile Defense Symposium. According to the announcement, D-Wave and Davidson Technologies have built two new applications. The interceptor assignment app is designed to mitigate potential attacks by evaluating a multitude of complex…

MondayAug 07, 2023 2:35 pm

TechMediaBreaks – Knightscope, Inc. (NASDAQ: KSCP) to Host 2Q Conference Call and Webcast

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, has announced plans to hold its Second Quarter Town Hall Update to share current events and 2023 financial highlights following the filing of its 10-Q update with the U.S. Securities and Exchange Commission. The company’s CEO and Chairman William Santana Li will deliver a pre-recorded video update at the top of the meeting to cover Q2 2023 performance metrics followed by a live question-and-answer session with supporters, investors and analysts in an intimate online forum with no moderator. The announcement reads, “The conference…

MondayAug 07, 2023 2:12 pm

TechMediaBreaks – EarthGrid, Icelandic Government Sign ‘Milestone’ MOU to Revolutionize Construction Industry

EarthGrid, a leading innovator in tunneling technology, has entered a memorandum of understanding (“MOU”) with the government of Iceland, signed by Iceland's minister of environment, energy and climate. The company stated that the MOU is a “significant milestone” in its mission to transform tunneling and infrastructure development. According to the announcement, the MOU marks a partnership between the two entities that “aims to revolutionize the construction industry and pave the way for groundbreaking infrastructure projects.” The MOU outlines the collaboration, which calls for EarthGrid to utilize its cutting-edge, torch-drilling technology in a range of projects throughout the country; these projects…

MondayAug 07, 2023 11:03 am

TechMediaBreaks — AtomBeam Technologies Inc. Announces Webinar with Top Management

AtomBeam Technologies, a pioneering data-compaction software company, has scheduled a fireside chat webinar hosted by CEO Charles Yeomans and chief scientist officer Joshua Cooper. During the event, the AtomBeam leaders will discuss the company’s groundbreaking innovations. The fireside chat is slated for Aug. 18, 2023, at 11 a.m. PST. A professor of mathematics at the University of South Carolina, Cooper has built an impressive resume in data science and machine learning. He has published more than 40 papers covering everything from discrete mathematics to computer science. “We are thrilled to bring together the expertise of our CEO, Charles Yeomans, and our…

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