TechMediaBreaks Archive - Page 84 of 178

MondayAug 26, 2024 8:30 am

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Partners with Multiple Sheriff Agencies Across West Virginia to Deploy Cutting-Edge PureOne Technology

SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, is announcing that it has secured new electronic monitoring contracts with multiple Sheriff agencies across West Virginia. These contracts leverage SuperCom’s innovative PureOne suite to provide robust monitoring solutions in rural areas. According to the announcement, the contracts are already generating recurring revenue, solidifying SuperCom’s footprint in the U.S. market, particularly in rural regions where robust and reliable monitoring solutions are crucial. “We are excited to partner with Sheriff agencies across West Virginia to bring our cutting-edge PureOne technology to their communities. These…

ThursdayAug 22, 2024 2:22 pm

TechMediaBreaks – HUB Cyber Security Ltd. (NASDAQ: HUBC), Blackswan Technologies Formalize Terms of Partnership

HUB Cyber Security (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data fabric solutions, has formalized the terms of its collaboration with Blackswan Technologies (“BST”), a U.S. enterprise-artificial intelligence (“AI”) vendor. The company had announced the collaboration last year, and following a successful period of working together, HUB Security and BST are moving forward to codevelop and showcase innovative SDF solutions. The company noted that, as part of the partnership agreement, HUB Cyber Security has the exclusive option to acquire BST by August 22, 2025, subject to various conditions. “We are thrilled to formalize our collaboration with…

WednesdayAug 21, 2024 11:55 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary to Begin Production of All-New Class 4 Commercial Truck in September

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that Bollinger Motors, its subsidiary, intends to begin production of saleable units of the Bollinger B4 Chassis Cab, an all-new Class 4 commercial EV truck, on September 16, 2024. Bollinger Motors is partnering on production with Roush Industries, which provides contract manufacturing services from its facility in Livonia, Michigan. According to the announcement, deliveries and revenue recognition of the B4 EV truck is expected to begin in October 2024. “We are already experiencing strong momentum in the market from important customers throughout the country,” commented Jim Connelly, chief…

WednesdayAug 21, 2024 8:30 am

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS), NTT DOCOMO Report on Quantum Optimization Pilot Program Resulting in 15% Improved Mobile Network Performance

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, has partnered with NTT DOCOMO Inc., Japan’s largest mobile phone operator, to work on a quantum optimization pilot that resulted in demonstrable mobile network performance improvements. According to the announcement, the project showed a reduction in network signal congestion across base stations, with potential for more efficient signal transmission and equipment cost savings. For the collaboration, DOCOMO used D-Wave’s annealing quantum computing solutions to reduce congestion at base stations by decreasing paging signals during peak calling times…

TuesdayAug 20, 2024 3:49 pm

TechMediaBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Quantum AI Product Roadmap Enhancements Highlighted in Syndicated Broadcast

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, is featured in a NetworkNewsAudio (“NNA”) broadcast. NNA broadcasts are designed to provide additional visibility, recognition and brand awareness to the investment community. According to the broadcast, D-Wave is focused on strengthening the connection between quantum optimization, artificial intelligence (AI) and machine learning (ML). The company is working to accomplish this by extending its product development roadmap with enhancements to its Leap™ quantum cloud service. Three key areas are included in D-Wave’s product development roadmap extensions:…

TuesdayAug 20, 2024 1:48 pm

TechMediaBreaks – Laser Photonics Corporation (NASDAQ: LASE) Closes on $3M Securities Purchase Agreement

Laser Photonics (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, has closed on a securities purchase agreement with institutional investors. The private placement totaled $3 million in gross cash proceeds, before deductions and expenses. According to the announcement, Laser Photonics anticipates using the funds from the agreement for working capital and general corporate purposes. Laser Photonics also issued an aggregate of 1,500,000 units in connection with the private placement. Aegis Capital Corp. acted as the exclusive placement agent for the private placement. To view the full press release, visit https://ibn.fm/dMaIA About Laser…

MondayAug 19, 2024 3:25 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Stock ‘Shows Resilience’ as Legislators Look for Answers Regarding Alleged Illegal Drug Ads

Meta Platforms (NASDAQ: META), a leading tech giant known for its social media platforms Facebook and Instagram, is dealing with an issue resulting in growing scrutiny from U.S. lawmakers. According to a recent press release, the concern is that alleged illegal drug advertisements have been appearing on Meta’s platforms. As a result, a group of legislators are seeking an explanation from the company about ads that reportedly direct users to online marketplaces where various drugs and substances are available. “Despite these challenges, META’s stock performance on the NASDAQ shows resilience,” stated the press release. “The company’s shares reached a high of $531.66 during the…

MondayAug 19, 2024 2:35 pm

TechMediaBreaks – FingerMotion Inc.’s (NASDAQ: FNGR) Exclusive C2 Platform Receives National Certification from MIIT

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting that its Advanced Mobile Integrated Command and Communication(“C2”) Platform has been awarded national certification from China's Ministry of Industry and Information Technology (“MIIT”). According to the announcement, the proprietary platform, which was developed by FingerMotion’s contractually controlled subsidiary, Shanghai JuiGe Information Technology Co. Ltd., is integrated with the Maxus vehicles produced by SAIC Motor Corporation Limited. “We are proud to receive this certification from the Ministry of Industry and Information Technology,” said FingerMotion CEO Martin Shen in the press release. “This national certification from MIIT confirms the platform's quality,…

MondayAug 19, 2024 1:25 pm

TechMediaBreaks – GivBux Inc. (GBUX) Marks Milestone in ‘Evolution of Corporation’ with Submission of Required Docs to SEC

GivBux (OTC: GBUX), a publicly traded Super App and charitable giving platform, has submitted its U.S. Securities and Exchange Commission (“SEC”) Form 10 along with required accompanying documents that are required to qualify as a fully reporting Required OTCQB Corporation. According to the announcement, GivBux has now submitted all documentation required to qualify as a fully-reporting OTCQB corporation. “We are very excited to announce this major milestone in the evolution of our corporation,” said GivBux president Umesh Tim Singh in the press release. “I want to commend our executive team for their hard work and diligence in accomplishing this task in such a…

MondayAug 19, 2024 12:47 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Releases Q2 2024 Financial Results, Highlighted by Record Profit

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-government, Internet of Things (“IoT”) and cybersecurity sectors, is reporting its financial results for second-quarter 2024, the period ended June 30, 2024. Highlights of the report include revenue of $7.5 million, record net income totaling $2.2 million and positive operating cash flow reaching $2 million. According to the announcement, the company’s strategic focus on cost optimization and capital management along with an innovative approach to technology deployment, has resulted in a significant turnaround in the bottom line. The report also noted several business wins, including more than $11 million in…

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