TechMediaBreaks Archive - Page 24 of 132

MondayDec 09, 2024 1:36 pm

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Projects Over 70% Revenue Growth for 2024, Driven by Key Business Segments

NextPlat (NASDAQ: NXPL, NXPLW) anticipates reporting approximately $63 million in annual revenue for 2024, reflecting a more than 70% increase from fiscal 2023 results, subject to final accounting and auditing. The significant growth is attributed to strong performance in satellite connectivity products, high-margin recurring airtime revenue, and contributions from the healthcare business. The company plans to file its 2024 annual report by March 31, 2025, and host an earnings conference call with investors. To view the full press release, visit: https://ibn.fm/CeHlA About NextPlat Corp NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets…

MondayDec 09, 2024 9:35 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Expands Midwest Reach with Broadway Ford Truck Center Partnership

Mullen Automotive (NASDAQ: MULN) announced that its subsidiary, Bollinger Motors, has partnered with St. Louis-based Broadway Ford Truck Center as an official dealer, enhancing its Midwest presence. Bollinger’s all-electric Class 4 commercial truck, the B4 Chassis Cab, which features a 158-kilowatt-hour battery and fleet-focused design, began deliveries in October. Broadway Ford Truck Center’s President, Dennis Phillips, highlighted the alignment of both companies’ commitments to sustainability and innovation in the commercial vehicle industry. Bollinger has recently achieved key milestones, including regulatory compliance, significant vehicle agreements, and partnerships with multiple dealers and service providers. To view the full press release, visit https://ibn.fm/YLTdc…

MondayDec 09, 2024 7:30 am

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Highlights Commercial Success of Annealing Quantum Computing on Fox Business

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing, announced that CEO Dr. Alan Baratz recently appeared on Fox Business' Making Money with Charles Payne, discussing the state of the quantum industry and D-Wave's advancements in the space. Dr. Baratz emphasized that D-Wave operates the world’s largest quantum computers, which are being used now to support business applications. The company’s annealing quantum computing technology excels in solving complex optimization problems, such as workforce scheduling, logistics routing, and resource allocation. D-Wave views annealing as a key driver for the commercial adoption of quantum computing. To view the full press release,…

FridayDec 06, 2024 3:28 pm

TechMediaBreaks – SOBR Safe Inc.’s (NASDAQ: SOBR) Integrated Solution Brings Powerful Tools to Drive Positive Outcomes

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe”), a provider of next-generation transdermal alcohol detection technology, recently announced the launch of its fully integrated enterprise software solution that is expected to transform how health providers monitor and manage alcohol compliance. “To complement its software solution for point-of-care screening SOBRcheck(TM) and continuous monitoring SOBRsure(TM), this enterprise software is designed to enhance responsiveness to treatment, reduce recidivism and drive positive patient outcomes,” reads an article discussing the launch. “We created the SOBRsafe enterprise software to address the significant challenges experienced by behavioral health centers and providers across the country,” said David Gandini, SOBRsafe’s CEO. “By…

FridayDec 06, 2024 1:25 pm

TechMediaBreaks – Upstream’s Signing Key Technology Represents the Next Generation of Trading

Upstream published a blog today that discussed accessibility and security as paramount in today’s digital economy for investors managing their portfolios. “Upstream, a MERJ Exchange market and stock trading app, leverages Signing Key technology to give investors complete control over their assets right from the palm of their hands,” the blog reads. “By using Upstream’s Signing Key, investors gain: Full Control Over Assets: You, and only you, can authorize trades or transfers. This empowers investors to manage their assets while reducing the risk of unauthorized activity. Enhanced Security: Local storage and biometric authentication create a robust defense against potential threats.…

ThursdayDec 05, 2024 10:55 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures Order for Class 3 EV Trucks from Bay Area Distributor

Mullen Automotive (NASDAQ: MULN) has received an order from Associated Coffee, a San Francisco Bay Area distributor, for 10 Class 3 EV cab chassis trucks. Fulfilled by authorized dealer Papé Group, the order supports Associated Coffee’s sustainability-focused operations, which prioritize reduced carbon footprint and efficiency. Mullen’s commercial EVs, including the Class 3 Mullen THREE, are designed for urban last-mile delivery and meet stringent emissions standards. The Mullen THREE also offers significant financial incentives, with up to $52,500 in rebates and tax credits, aligning with Associated’s commitment to environmentally conscious practices. To view the full press release, visit https://ibn.fm/mgOdS About Mullen Automotive…

WednesdayDec 04, 2024 3:37 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Eyes Growing Global Demand for Its Advanced EM Solutions

SuperCom (NASDAQ: SPCB) was featured in a recent article that discussed its award of a new contract with the Israel Prison Service state agency (“IPS”) to provide full-service electric monitoring (“EM”) capabilities for all electronically monitored criminal offender programs throughout the country. SuperCom won the contract in partnership with a nationwide security services provider through a competitive process that included several rounds of negotiations, demonstrations and system evaluations supervised by the IPS. “We are deeply honored to support Israel’s public safety infrastructure during these challenging times. Our mission goes beyond business; it is about contributing to the safety and resilience…

WednesdayDec 04, 2024 2:25 pm

TechMediaBreaks – The Coretec Group Inc. (CRTG) Marks ‘Transformative Moment’ in Positioning as Global Leader in Energy and Technology

The Coretec Group (OTCQB: CRTG) today announced its decisive step toward global leadership in energy innovation with the acquisition of a controlling stake in KIB Plug Energy Co., Ltd., a prominent KOSPI-listed enterprise in South Korea. The transformative acquisition, coupled with the company’s strategic restructuring of its Core Optics subsidiary, ambitious plans for a GIGA-scale battery plant and upcoming funding initiatives, solidifies Coretec’s status as a global powerhouse in energy and technology. “This acquisition marks a transformative moment in our journey,” said Dr. Kim, co-chairman of Coretec. “We are redefining the energy landscape through groundbreaking innovations and a relentless commitment…

TuesdayDec 03, 2024 3:15 pm

TechMediaBreaks – VenHub Global Inc. Taking Smart Retail Vision to Larger Stage

VenHub, a disruptive AI and robotics company, and Target Global Acquisition I Corp. (NASDAQ: TGAA), a NASDAQ-listed special purpose acquisition company, have announced their entry into a definitive business combination agreement, dated as of Dec. 2, 2024. According to the announcement, the proposed business combination is expected to be completed in the second quarter of 2025, subject to customary closing conditions, including regulatory and shareholder approvals. Following the closing, the combined company will operate as VenHub Global Holdings, Inc. and is expected to list on Nasdaq under the ticker symbol VHUB. “This is day one for VenHub on a larger…

TuesdayDec 03, 2024 12:35 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) Reports Half-Year 2024 Results, Demonstrates Strong Turnaround and Growing Demand for Secured Data Fabric Solutions

HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”) reported revenue of $15.7 million for H1 2024, down from $25.0 million in H1 2023, reflecting a strategic shift away from less profitable segments. Despite the revenue decrease, the company improved its gross margin to 9.5%, up from -7.6% in the prior year, due to a focus on higher-margin areas. Operating expenses were significantly reduced by 71%, and the operating loss decreased by 74%. HUB is positioning itself for future growth with its Secured Data Fabric platform, which consolidates data securely and is gaining strong traction across industries, particularly in financial institutions. The…

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