TechMediaBreaks Archive - Page 75 of 151

TuesdayMay 14, 2024 2:57 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces $150 Million Financing Commitment Covering Commercial Sales Efforts, Capital Needs for Next 13 Months

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received a $100 million financing commitment from a family office; the company has also sold up to an additional $50 million of senior secured convertible notes to family offices and high net worth investors. According to the announcement, this $150 million capital infusion allows Mullen and Bollinger to operate and expand domestic and international commercial sales efforts as well as meet its capital needs over the next 13 months. This news comes on the heels of several advancements announced by the company, including California Air Resource Board (“CARB”) HVIP approval…

TuesdayMay 14, 2024 2:52 pm

TechMediaBreaks – Cepton Inc. (NASDAQ: CPTN) Releases Q1 2024 Financial Report, Business Update

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is reporting its financial results for Q1 2024, the period ended March 31, 2024; the company also shared business updates. Highlights of the report include securing a new series production award for its near-rage lidar with a global original equipment manufacturer (“OEM”) covering a multiyear period; signing an engineering services contract with partner Koito for approximately $10 million in fees to support execution and product development for the new OEM series production award during Q2 2024; final submission to a top 10 global automotive OEM for an RFQ…

TuesdayMay 14, 2024 2:36 pm

TechMediaBreaks – Astrotech Corp. (NASDAQ: ASTC) Releases Q3 202 Financial Report

Astrotech (NASDAQ: ASTC), an innovative science and technology company, is reporting its financial results for the third quarter of fiscal year 2024, for the period ended March 31, 2024. Highlights of the report include the company’s strong consolidated balance sheet showing $34.7 million in cash and liquid investments; revenue for the year-to-date coming in at $1.6 million; year-to-date gross margin increased to 45% from 37% through the third quarter of fiscal year 2024; the company’s subsidiary, 1st Detect, accepting orders for the TRACER 1000 Narcotics Trace Detector (“NTD”); the TRACER 1000 being listed in the U.S. General Services Administration (“GSA”) IT…

MondayMay 13, 2024 2:56 pm

TechMediaBreaks – Why GivBux Inc. (GBUX) Is ‘One to Watch’

GivBux (OTC: GBUX), a publicly traded super app and charitable giving platform, is creating a sharing economic community of brands. The app provides consumers with an easier and more convenient way to shop and buy, as well as merchants a more efficient and profitable way to advertise. Further, charities receive built-in contributions from the community’s transactions. “The company, through wholly owned subsidiary GivBux Global Partners Inc., is engaged in the fintech mobile wallet sector, specifically as a point-of-sale payment system by means of a consumer mobile wallet. GivBux uses smartphone technology to bridge consumers and merchants together without the need…

MondayMay 13, 2024 1:03 pm

TechMediaBreaks – Cepton Inc. (NASDAQ: CPTN) Enters Engineering Services Contract with Koito

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, has entered a contract with Koito Manufacturing to jump-start the execution of a new original equipment manufacturing (“OEM”) program, which the two companies have secured. The two companies have worked together as tier 1 partners, and Koito is a shareholder of Cepton. The engineering services agreement calls for Koito to provide Cepton with a total of $10 million in engineering services for the quarter ended June 30, 2024. The announcement noted that the agreement will support Cepton’s customer-specific product-development and program execution efforts…

FridayMay 10, 2024 3:32 pm

TechMediaBreaks – Bebuzee Inc.’s (BBUZ) Revolutionary Platform Poised to Redefine Digital Landscape Across Western Markets

Bebuzee (OTC: BBUZ) recently announced the development of its revolutionary super app, set to redefine social engagement and streaming services across Western markets. “With a focus on innovation and user-centric design, Bebuzee introduces an all-encompassing platform that combines the best of social networking, streaming and informational resources seamlessly integrated into one dynamic interface. The Bebuzee Super app is engineered to cater to its members’ diverse interests and needs, offering a myriad of features designed to enhance their digital experiences. From video streaming to photo sharing, from messaging services to real estate searches, Bebuzee is a one-stop destination for entertainment, communication…

FridayMay 10, 2024 2:34 pm

TechMediaBreaks – Why Btab Ecommerce Group Inc. (BBTT) Is ‘One to Watch’

Btab Ecommerce Group (OTC: BBTT), a next-generation e-commerce company with significant social impact, provides e-commerce and social commerce solutions to help small businesses excel in both online and offline environments. “The company’s long-term plan is to be the world’s largest product supplier for small businesses using e-commerce technology as a distribution tool,” a recent article reads. “Some of its platform offerings include: Btab Commerce, which provides e-commerce management services to manufacturers, wholesalers and retailers in the Btab Network; Social3, a next-generation platform for all things social and commerce; Marketplace Australia, a social commerce site for all products and services in…

FridayMay 10, 2024 2:30 pm

TechMediaBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Reports Full Year 2023 Financial Results

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, on Thursday reported its financial results for the full year 2023, which ended on Dec. 31, 2023. Among other highlights, the company stated Fr8Fleet attained an annual revenue of $17.1 million with 48% year-over-year growth. “As we’ve discussed before, 2023 was a challenging year for many across the freight industry as participants struggled to find a balance between supply and demand after the COVID-19 pandemic…

FridayMay 10, 2024 2:10 pm

TechMediaBreaks – Nutriband Inc. (NASDAQ: NTRB) Featured in Upcoming RedChip Small, Big Money(TM) Show

Nutriband (NASDAQ: NTRB), a pharmaceutical company with a special focus on transdermal technologies, is featured in an upcoming interview on the RedChip Small Stocks, Big Money(TM) show. During the program, which is scheduled to air on Bloomberg TV this Saturday, May 11, at 7 p.m. ET, Gareth Sheridan, Founder and CEO of Nutriband, will provide a corporate update. To access the interview, visit https://ibn.fm/Nhihy To view the full press release, visit https://ibn.fm/ew6kA About Nutriband Inc. Nutriband is primarily engaged in the development of a portfolio of transdermal pharmaceutical products. Its lead product under development is an abuse deterrent fentanyl patch…

FridayMay 10, 2024 2:09 pm

TechMediaBreaks – SUIC Worldwide Holdings Ltd (SUIC) Taps ‘Unprecedented Prospect’ to Promote Long-Term Growth

SUIC Worldwide Holdings (OTC: SUIC), a provider of research and development, venture financing and investment for private and public companies, is working to bring reputable and distinguished overseas food product brands to the U.S. and around the world. “It is looking to integrate more successful chains to enter the U.S. chain and franchise market in all 50 states, all while replicating its successful multi-branding business model and teaming up with top U.S. real estate firms, shopping malls and associated groups for faster expansion. The company recently signed a brand corporation agreement with Taiwan’s largest convenience store chain, 7-Eleven Group, for…

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