TechMediaBreaks Archive - Page 82 of 130

WednesdayDec 20, 2023 12:33 pm

TechMediaBreaks – AQUAE Unveiled at COP28; Brings Together Groundbreaking Blockchain, AI Platform and SDGs

AQUAE, a revolutionary ecosystem utilizing blockchain and artificial intelligence technologies, was launched at this year’s United Nations Climate Change Conference (“COP28”) event, which was held Nov. 30–Dec 12, 2023 in Dubai. The launch event, titled “Biodiversity Harmony in Action: AQUAE's Holistic Approach to Preservation, Sustainable Finance, and Collective Consciousness,” included a panel discussion and was organized by the Art of Living Foundation. Introducing an innovative ecosystem that not only advances sustainable development goals (“SDGs”), AQUAE is designed to be a key player in preserving biodiversity through the creation of bankable, insured digital sustainable-based assets of biodiversity credits. The platform features…

TuesdayDec 19, 2023 3:39 pm

TechMediaBreaks – Why Vision Marine Technologies Inc. (NASDAQ: VMAR) Is ‘One to Watch’

Vision Marine Technologies Inc. (NASDAQ: VMAR) is a global leader and innovator within the performance electric recreational boating industry. “The company is engaged in designing and manufacturing electric outboard powertrain systems and related technology… Vision Marine manufactures hand-crafted, highly durable, low maintenance, environmentally friendly electric recreational powerboats. The company’s business segments include the sale and rental of electric boats, with the majority of its revenue attributable to electric boat sales. The designs and technology applied to Vision Marine’s boats result in enhanced performance, higher speeds and longer range. Put simply, Vision Marine boats offer a smoother ride than a traditional…

TuesdayDec 19, 2023 1:43 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Effect 1-for-100 Reverse Stock Split, CEO Releases Letter to Shareholders

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced that it will effect a 1-for-100 reverse stock split of its common stock, par value $0.001 per share. According to the announcement, the stock split will be effective Dec. 21, 2023, at 12:01 a.m. ET. The company’s common stock will continue to trade on the NASDAQ exchange under the existing symbol — MULN — and will begin trading on a split-adjusted basis when the market opens on Dec. 21, 2023. A proposal to authorize the reverse stock split was approved by company stockholders at a Special Meeting of Stockholders; Mullen Automotive’s…

TuesdayDec 19, 2023 1:34 pm

TechMediaBreaks – IBN Announces Cutting-Edge Upgrades to Deliver Unparalleled Digital Engagement

IBN, a multifaceted financial news and publishing company, today announced its server upgrade on the Google Cloud Platform. The move continues IBN’s commitment to technological innovation and digital engagement solutions that deliver significant results for IBN client-partners. The company is migrating from current servers to the new C3D machines due to their reliability and more powerful and consistent security and performance capabilities. IBN has assessed that the C3D machine’s response time is anywhere from 20%-50% faster than the average response time of the current architecture. C3D speed is enhanced by unlimited IO throughput, newer CPUs with higher clock speeds and…

TuesdayDec 19, 2023 1:03 pm

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Partners with VINCI Energies, QuantumBasel to Leverage Quantum Computing in HVAC Design Enhancement

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services, is involved in an innovative initiative using quantum computing to improve efficiency in the design of heating, ventilation and air-conditioning (“HVAC”) systems for complex buildings. D-Wave Wantum is joined by VINCI Energies and uptownBasel/QuantumBasel in the partnership, which has already successfully transformed the complex HVAC network-generation problem into a constrained quadratic model (“CQM”), potentially efficiently solvable by D-Wave's quantum-classical hybrid solvers. According to the announcement, this first phase of the project marks “a clear step away from traditional computational methods to a more innovative, quantum-classical hybrid approach.”…

MondayDec 18, 2023 2:38 pm

TechMediaBreaks – Cepton Inc. (NASDAQ: CPTN) COO Featured in Most Recent Proactive Video Interview Focused on Cost-Efficiency, Strategic Partnerships

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is in the spotlight. Cepton chief commercial officer Mitch Hourtienne is the featured guest on the latest video interview from Proactive. During the segment, Hourtienne and Proactive host Steve Darling talked about the evolution of LiDAR technology, including the fact that in the past decade-plus, the cost of LiDAR has decreased, making the technology more widely accessible. During his comments, Hourtienne explained Cepton’s commitment to cost efficiency, noting the company’s use of a low-cost base material and strategic supplier partnerships. Hourtienne also mentioned that the company opted to…

MondayDec 18, 2023 2:07 pm

TechMediaBreaks – Upstream Invites Australia-Based Issuers to Dual List

A recent blog written by Fernanda De La Torre highlights Upstream, the next-generation exchange and retail securities trading app, and invites Australia-based issuers seeking to expand reach to a global audience to dual list. Upstream provides dual listing capabilities to Australian issuers on all the major exchanges including ASX (Australian Securities Exchange), NSX (National Stock Exchange of Australia) and more. In addition, as part of MERJ, an overseas national securities exchange, qualified issuers may fast-track listing on Upstream. The piece covers a number of reasons why dual listing is encouraged, including Upstream’s ability to offer ASX, NSX and other issuers…

MondayDec 18, 2023 10:38 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Adjournment of Special Meeting

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, adjourned its Special Meeting of Stockholders, which convened on Dec. 15, 2023; the meeting is slated to begin today at 9:30 a.m. PT. According to the announcement, the decision to adjourn the meeting was made to provide time to solicit proxies regarding a proposal that had been submitted to stockholders for approval. The company noted that the proposal, Proposal 1, seeks stockholder approval to amend the company’s certificate of incorporation to effect a reverse stock split of MULN’s outstanding common stock at an exchange ratio between 1-for-2 to 1-for-100; the specific…

ThursdayDec 14, 2023 1:50 pm

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Begins Shipping Class 3 EV Trucks to NRTC Automation Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has commenced delivering its Class 3 EV low cab forward to Alabama-based NRTC Automation Group. NRTC, which has locations in South Carolina, Michigan and Ontario, placed the Class 3 purchase order in August 2023 and plans to use the Mullen THREE as part of its vehicle fleet, specifically for shuttle runs to local customer locations. The company has been in the automation space for automotive manufacturing integration since 2012. NRTC has worked with Mullen and been part of the Mullen THREE build operation, a company official stated. Production of the…

ThursdayDec 14, 2023 12:52 pm

TechMediaBreaks – Vision Marine Technologies Inc. (NASDAQ: VMAR) Enters into Private Placement of Convertible Preferred Shares, Warrants Totaling $3M

Vision Marine Technologies (NASDAQ: VMAR), a global leader and innovator within the performance electric recreational boating industry, has entered into definitive securities purchase agreements with several institutional and accredited investors for the sale of its preferred shares and warrants. According to the announcement, the company sold 3,000 nondividend-bearing Series A preferred shares, with a stated value of $1,000 per share; the company also sold warrants to purchase up to 2,857,142 of its common shares. Gross proceeds from the agreements resulted in $3 million before deducting standard fees and offering expenses. The agreement also included an option for investors to purchase…

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