TechMediaBreaks Archive - Page 81 of 189

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…

TuesdayDec 03, 2024 12:16 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Recognizes Revenue from Follow-On Order of Bollinger B4 Trucks by TEC Equipment

Mullen Automotive (NASDAQ: MULN) announced a follow-on order from TEC Equipment for seven all-electric 2025 Bollinger B4 trucks, with revenue recognized in the current fiscal quarter. This order builds on TEC’s initial purchase of three B4 trucks in October 2024, with deliveries planned across California, Oregon, and Washington. The Class 4 B4 truck, featuring a 185-mile range and 7,394-pound payload, is designed for commercial fleets with a focus on safety and efficiency, qualifying for substantial federal and state tax incentives. Bollinger Motors has recently achieved key milestones, including EPA and CARB certifications, production launch, and agreements with major fleet operators…

TuesdayDec 03, 2024 9:00 am

TechMediaBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Announces Integration with X Corp. to Revolutionize Digital Advertising

Thumzup Media Corp. (NASDAQ: TZUP) plans to integrate its innovative ad tech platform with X Corp. (formerly Twitter), expanding its reach to over 535 million monthly active users. This integration, expected by January 2025, complements Thumzup's existing presence on Instagram, allowing unified campaign management, enhanced audience targeting, and user monetization through authentic brand endorsements. CEO Robert Steele highlighted the milestone as part of Thumzup’s aggressive growth strategy following its Nasdaq listing and $250,000 in user payouts for 25,000 Instagram posts. The integration will enable Thumzup to explore diverse advertising content unique to X, driving scalable, authentic engagement in the booming…

MondayDec 02, 2024 2:05 pm

TechMediaBreaks – Sekur Private Data Ltd. (CSE: SKUR) (OTCQX: SWISF) (FSE: GDT0) Closes Second Tranche of Private Placement, Raising CA$433,589

Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0) announced the closing of the second tranche of its non-brokered private placement, raising gross proceeds of CA$433,588.98. The Company issued 12,752,617 units at CA$0.034 per unit, with each unit consisting of one common share and one full common share purchase warrant. The warrants entitle holders to purchase additional shares at CA$0.055 for 24 months. The total proceeds from both tranches of the placement amount to CA$1,395,452.92. Sekur intends to use the funds for marketing its privacy communications solutions in the U.S. and general purposes. To view the full press release, visit…

MondayDec 02, 2024 10:30 am

TechMediaBreaks – Massimo Group (NASDAQ: MAMO) Partners with Vision Marine to Launch Electric Pontoon Platform

Massimo Group (NASDAQ: MAMO), a leader in powersports and marine vehicles, announced a partnership between its marine division, Massimo Marine, and Vision Marine Technologies Inc. (Nasdaq: VMAR) to deliver a fully integrated 30-foot electric pontoon platform. Combining Massimo Group's advanced manufacturing capabilities with Vision Marine's E-Motion™ 180E Powertrain System, the collaboration targets the growing U.S. pontoon market, which reached 115,000 units in 2023. The electric pontoons, designed for recreational and commercial use, will be distributed through Massimo's robust network and Vision Marine's direct-to-consumer channels, emphasizing innovation and sustainability in marine transportation. To view the full press release, visit https://ibn.fm/KvbQm About Massimo…

WednesdayNov 27, 2024 2:30 pm

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Driving Strategic Campaign to Build SOBRsafe Brand

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe”) is a provider of next-generation transdermal alcohol screening and monitoring solutions. The company recently launched a national campaign that seeks to introduce its technology offerings – the SOBRcheck(TM) stationary alcohol screening device, the SOBRsure(TM) discreet alcohol monitoring wristband, and the SOBRsafe(TM) software platform powering reporting – to behavioral health providers and, as a result, drive sales growth into 2025. “The company aims to present its technology to over 45,000 decision-makers in the behavioral health space, having partnered with recognized leaders in public relations and digital and social media marketing,” reads an article discussing the campaign.…

WednesdayNov 27, 2024 10:16 am

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC) to Discuss First-Half 2024 Results in Upcoming Conference Call

HUB Cyber Security (NASDAQ: HUBC), a prominent provider of cybersecurity solutions and advanced data fabric, will host a management-led conference call on Monday, Dec. 2, 2024, at 9 a.m. ET to review its financial results for the first half of 2024. To view the full press release, visit https://ibn.fm/8frz9 About HUB Security Ltd. HUB Cyber Security Ltd (“HUB”) was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The Company specializes in unique cyber security solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution to prevent hostile intrusions…

TuesdayNov 26, 2024 12:31 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) Faces Legal Challenges but Remains Financially Robust

Alphabet (NASDAQ: GOOGL, GOOG) is currently navigating a significant legal challenge as it advances to the next stage in its second monopoly trial, led by the U.S. Department of Justice (“DoJ”). This trial scrutinizes Google’s advertising technology, with closing arguments recently concluded. A ruling by U.S. District Court Judge Leonie Brinkema is expected by the end of 2024. If deemed a monopoly, a subsequent trial will address potential remedies. The DoJ’s actions, supported by multiple U.S. states, aim to curb monopolistic practices in the tech industry, potentially impacting Google’s services and reshaping online information access. This legal scrutiny comes amid…

TuesdayNov 26, 2024 11:18 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Partners with Emerald and Papé to Launch Refrigerated EV Truck Solution

Mullen Automotive (NASDAQ: MULN), announced a collaboration with Emerald Transportation Solutions and the Papé Group to develop a refrigerated ("reefer") upfit for the Mullen THREE, its Class 3 all-electric truck. Designed for perishable goods transportation, the versatile Mullen THREE offers a clean top-of-rail chassis for custom upfitting, supporting payloads over 5,300 lbs. This innovative solution aligns with Mullen’s goal of delivering sustainable transportation options for industries like frozen food, grocery, and beverage delivery. Additionally, the Mullen THREE and Mullen ONE models are eligible for state and federal incentives, offering substantial cost savings for fleet operators. To view the full press…

MondayNov 25, 2024 7:30 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Reports Strong Financial Performance and New Contracts, Expanding Footprint in US and Israel

SuperCom (NASDAQ: SPCB) reported a solid performance for Q3 2024, with year-to-date revenue reaching $21.3 million, a 2% increase over the prior year, and gross profit rising 35% to $10.7 million. Strategic contract wins, including a 5-year electronic monitoring project with Israel Prison Service and multiple U.S. contracts in states like West Virginia, Maryland, and New York, underscore SuperCom’s expanding presence in public safety and rehabilitative services. CEO Ordan Trabelsi highlighted SuperCom’s operational efficiency and growth potential, as demonstrated by improved profitability, positive free cash flow, and an increased gross profit margin. The company remains focused on innovation and deepening client…

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