TechMediaBreaks Archive - Page 112 of 129

WednesdayJun 21, 2023 12:45 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Moratorium on New Financings, Sufficient Capital for at Least 12 Months

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced an investor financing moratorium for the balance of 2023 and that it has sufficient capital on hand for at least the next 12 months. In addition, the company confirmed that remaining investor option expires on June 30, 2023, and that its assets are unencumbered with the exception of $7.3 million outstanding debt. Mullen continues to trade at a steep discount to its current cash position of $135 million or $0.38 per share as of June 13, 2023. The company’s book value was $2.08 per share ss of its…

TuesdayJun 20, 2023 12:28 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Working on Broad Commercialization of AI-Powered PERSONA Vehicle Technology

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the integration of AI-powered PERSONA vehicle technology into its overall commercial and consumer vehicle lineups. Originally developed for the Mullen FIVE, PERSONA is an advanced interactive AI camera/sensor and video monitoring system that utilizes facial recognition technology to unlock/lock vehicles and completely personalize the overall vehicle experience for the driver. “Right from the beginning, when we first introduced PERSONA at the 2021 LA Auto Show, the amount of positive feedback we’ve received has been far beyond anything we imagined; so, of course, we had to expand it for…

TuesdayJun 20, 2023 10:29 am

TechMediaBreaks – Knightscope, Inc. (NASDAQ: KSCP) Announces Upcoming Robot Roadshow in West Texas

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, is releasing the next landing destination for its popular Robot Roadshow. The company announced that the engaging, in-person experience is slated to be at the Outlet Shoppes at El Paso on June 20–21, 2023; the roadshow will be open 10 a.m. to 2 p.m. each day. According to the announcement, the Outlet Shoppes at El Paso is the only outlet shopping center in the area. The center houses almost 100 name-brand stores as well as amenities such as a dancing water fountain, strollers,…

FridayJun 16, 2023 3:01 pm

TechMediaBreaks – SideChannel Inc. (SDCH) Offering Top-Tier Security Guidance at a Manageable Cost

SideChannel (OTCQB: SDCH) is committed to helping small and medium-sized businesses (“SMBs”) that are otherwise susceptible to new cybersecurity threats due to their limited resources for investing in cybersecurity systems, services and infrastructure. “As a company founded on the belief that all enterprises, big or small, deserve top-tier security guidance at a manageable cost, SideChannel is aware of how technically demanding current cybersecurity solutions are, particularly when factoring in the possibility of AI. In addition, it recognizes how involved these solutions can be and how these two aspects leave SMBs vulnerable to attacks. Through its team of virtual Chief Information…

FridayJun 16, 2023 10:46 am

TechMediaBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Corrects Shareholder Letter to Reflect $0.38 Per Share

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has released a letter to its shareholders designed to address the decrease in the company’s share price. The letter noted that earlier this week, the company’s common stock closed at $0.32 per share, down 90% since the end of March. The company currently trades at a discount to its current cash position of $135 million or $0.38 per share. The letter noted several key factors, including $86.7 million of cash available to operations and $0.68 of cash value per share as of March 31, 2023, and the completion of two…

FridayJun 16, 2023 10:24 am

TechMediaBreaks – CISO Global Inc. (NASDAQ: CISO) Featured in Equity Research Report

CISO Global (NASDAQ: CISO), an industry leading cybersecurity and compliance provider, was featured in a recent equity research report published by Cantor Fitzgerald. The report, titled “Consistent 1Q23 Execution Adjusting for Non-Cash Related Charges/Noise,” adjusts Cantor’s 12-month price target to $1 from $2 due to volatile trading conditions while emphasizing CISO’s consistent business execution and its solid start to 2023. The publication reads, “As the focus in 2023 is on profitable growth, free cash flow was at -$2.3M, an improvement of over half a million dollars q/q and by +$800K better versus 1Q22. We attribute the FCF improvement realized to…

ThursdayJun 15, 2023 3:00 pm

TechMediaBreaks – Knightscope, Inc. (NASDAQ: KSCP) K5 ‘Patrol Bot’ to Boost Security Operations at Traverse Point

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, announced that Traverse Point Condominiums in Henderson, Nevada, signed a contract for its K5 Autonomous Security Robot (“ASR”) subscription service. The announcement reads, “Traverse Point is a gated community offering easy access to the finest shopping centers, dining and recreational activities... Just minutes from the strip, the Traverse Point lifestyle combines exceptional elegant living with the excitement and attractions that the world’s entertainment capital has to offer. “This community will soon benefit from Knightscope’s high-tech robot patrol along with Knightscope+ remote monitoring, adding to…

ThursdayJun 15, 2023 12:12 pm

TechMediaBreaks – Electronic Servitor Publication Network Inc. (XESP) Expands Channel Partner Program to Add IBN

Electronic Servitor Publication Network (OTCQB: XESP), a technology innovator driving growth for companies by maximizing digital interactions, today announced a new channel partner with the addition of IBN (Investor Brand Network), a multifaceted financial news and publishing company for private and public entities. According to the update, the arrangement expands the XESP Channel Partner Program (announced in April 2023), allowing digital and traditional agencies focused on providing market-specific content and digital strategies to offer XESP’s “powered by the Digital Engagement Engine(TM)” as a co-branded service to their customers. “We are excited to partner with an experienced industry leader that has…

WednesdayJun 14, 2023 12:07 pm

TechMediaBreaks – Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTD) (FRA: 7HIA.F) Announces Completion of First ZVS-Enabled Power Module for EV Space

Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTD) (FRA: 7HIA.F), a pioneering clean-technology company offering transformative power-conversion technologies and state-of-the-art control system solutions, has completed the design phase for the industry's first silicon carbide (“SiC”) power module optimized for Hillcrest's proprietary Zero Voltage Switching (“ZVS”) technology. According to the company, the ZVS-enabled power modules are designed to provide offer increased levels of power density, system efficiency, performance and reliability for EV applications up to 1,000 volts; the modules could reduce and possibly eliminate the need for EMI filters and shielding, saving manufacturers hundreds of dollars per vehicle and reducing the overall weight…

WednesdayJun 14, 2023 10:05 am

TechMediaBreaks – Knightscope, Inc. (NASDAQ: KSCP) to Deploy Robots to Join Downtown LA Security Team

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, has secured a new contract for one K5 and two K1 Autonomous Security Robots (“ASRs”) from a 50-year real estate developer. The announcement reads, “Knightscope’s newest client has constructed over 15,000 new homes, owns and manages more than 11,000 rental apartments, built more than 18 million square feet of office, retail and industrial space, and has an additional 28 million square feet of space in different phases of development. They employ thousands of people across North America and are one of the largest and…

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