TechMediaBreaks Archive - Page 24 of 137

TuesdayJan 07, 2025 1:52 pm

TechMediaBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Secures $25.8M Finance Facility

SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) announced that its subsidiary has secured the financial closing of a combined project loan in a principal amount of $25.8 million from Royal Bank of Canada. The loan will be used for the construction, operation and maintenance of two 4.99 MW Battery Energy Storage System (“BESS”) projects to be located in Ontario, with project names SFF 06 and 903, respectively. According to the announcement, the projects are owned by 1000234763 Ontario Inc., which is the borrower under the terms of the loan. The projects represent SolarBank's initial foray into battery energy…

TuesdayJan 07, 2025 1:30 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Adjusts Content Moderation Strategy

Meta (NASDAQ: META), the parent company of social media giants Facebook and Instagram, is making significant changes to its content moderation strategy. The company, led by CEO Mark Zuckerberg, has decided to end its fact-checking program on these platforms. This decision aligns with Meta’s commitment to promoting “free speech” and fostering open dialogue among users. In place of the fact-checking program, Meta plans to introduce a “Community Notes” feature. This feature is similar to one already available on X, aiming to engage users in content moderation. This shift reflects Meta’s ongoing efforts to balance the need for content moderation with…

MondayJan 06, 2025 1:25 pm

TechMediaBreaks – Rumble Inc.’s (NASDAQ: RUM) Financial Journey and Tether’s Investment Impact

Rumble (NASDAQ: RUM) is a company that went public in 2022, aiming to build an internet infrastructure free from censorship. It competes with major players like YouTube and AWS. Despite its ambitious goals, Rumble has faced financial challenges, reporting a net loss of $116 million in 2023 and an additional $102 million in the first three quarters of 2024. Shares of RUM have recently reached 52-week highs, experiencing a remarkable 300% increase in value since their January lows. This surge is largely due to a substantial $775 million investment from Tether Limited, the company behind the stablecoin Tether (“USDT”). Tether…

MondayJan 06, 2025 10:45 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Expands U.S. Presence with GPS and Domestic Violence Monitoring Contract in Alabama

SuperCom (NASDAQ: SPCB) has secured a contract with an Alabama government agency to deploy its advanced GPS tracking and domestic violence monitoring solutions, marking the company’s fifth state entry since August 2024 and its 10th U.S. contract in 60 days. The agreement includes the implementation of SuperCom’s PureSecurity GPS Tracking and PureProtect technologies, which feature real-time location tracking and anti-tamper mechanisms. This milestone reflects rapid U.S. market acceptance of SuperCom’s offender electronic monitoring technologies, contributing to public safety and offender accountability. CEO Ordan Trabelsi highlighted the U.S. market’s growth potential, noting its size and operational efficiencies compared to Europe, as the…

MondayJan 06, 2025 10:40 am

TechMediaBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Sells New York Solar Projects to Qcells in $49.5 Million Deal

SolarBank (NASDAQ: SUUN) (CSE: SUNN) has announced the sale of four ground-mount solar power projects under development in upstate New York to Qcells, a subsidiary of Hanwha Solutions (KRX: 009830). The projects, totaling 25.577 MW, will be developed and constructed by SolarBank under engineering, procurement and construction (“EPC”) agreements valued at approximately $49.5 million. These community solar projects, leveraging U.S.-manufactured equipment, are expected to benefit from New York's NY-Sun Program incentives. SolarBank anticipates retaining operations and maintenance contracts post-construction. Qcells highlighted its commitment to strengthening domestic solar manufacturing as part of a broader $2.8 billion investment in clean energy. To…

FridayJan 03, 2025 3:22 pm

TechMediaBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Eyes Continued Adoption of Flagship Platform

Thumzup (NASDAQ: TZUP), an emerging leader in social media branding and marketing solutions, has seen tremendous growth in the number of advisers subscribing to its proprietary ad-tech platform. “Our platform’s capability to engage consumers directly through social media and reward them for their endorsements has met with enthusiastic response from a wide spectrum of businesses,” said Thumzup CEO Robert Steele. “This includes retailers, restaurants, home furnishings, clothes, coffee shops and consumer brands in beverages and breakfast cereals. The Thumzup platform is continuing to resonate with advertisers, and we are thrilled by the continued adoption of our platform.” “With a goal…

FridayJan 03, 2025 3:00 pm

TechMediaBreaks – Adageis Is Reshaping Patient Care Through AI-Centric Approach

Adageis, a forward-thinking healthcare technology company, is ramping up patient care through flexible AI-centric software solutions for systems and providers, including accountable care organizations (“ACOs”), clinically integrated networks (“CINs”) and independent physician associations (“IPAs”). With a unique proposition in the space, the company is actively improving healthcare delivery and increasing value-based care revenue by streamlining operations via its ProActive Care Platform. “Integrating AI and machine learning, this easy-to-use platform works with existing electronic health records (‘HER’) systems and fits the needs of all current healthcare platforms, whether operated by providers owning a single clinic or a multispecialty healthcare system,” reads…

FridayJan 03, 2025 11:57 am

TechMediaBreaks – Cyngn Inc. (NASDAQ: CYN) Closes $9M Registered Direct

Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, has announced the closing of its registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 15,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $0.60 per share (or $0.5999 for each pre-funded warrant). Cyngn secured gross proceeds of $9.0 million from the offering, of which it intends to use the net, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent…

FridayJan 03, 2025 8:00 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Secures New Public Safety Contracts in Kentucky

SuperCom (NASDAQ: SPCB), a global provider of e-Government, IoT, and cybersecurity solutions, announced two new contracts with key Kentucky agencies to deploy its advanced public safety technologies. The contracts, which displaced incumbent competitors, demonstrate SuperCom's growing U.S. presence and its ability to deliver tailored electronic monitoring and rehabilitation solutions. President and CEO Ordan Trabelsi highlighted the company's expanding footprint in Kentucky and its role in enhancing public safety infrastructure through innovative tools like PureProtect. These latest wins underscore SuperCom's momentum as a leading provider of public safety technologies across the U.S. To view the full press release, visit https://ibn.fm/Q6QXa About SuperCom…

ThursdayJan 02, 2025 2:51 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Positions to Capitalize on Future Opportunities

HUB Cyber Security (NASDAQ: HUBC) (“HUB”), a leader in cybersecurity and advanced data fabric solutions, today provided an update on recent filings and share registrations. According to the announcement, the company filed an update to its registration statement with the U.S. Securities and Exchange Commission on Dec. 31, 2024. “These updates are a key part of our strategy to strengthen HUB's financial position and support future growth,” said Noah Hershcoviz, CEO of HUB. “By addressing important financial elements, we’re positioning the company to capitalize on future opportunities while ensuring transparency with our investors.” To view the full press release, visit…

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