TechMediaBreaks Archive - Page 85 of 191

WednesdayNov 20, 2024 3:39 pm

TechMediaBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Positioned for Global Expansion on Heels of Overseas Milestone

SOBR Safe (NASDAQ: SOBR) (“SOBRsafe”), a provider of next-generation transdermal alcohol detection solutions, earlier this year began the sale of its SOBRsure(TM) wearable continuous alcohol monitoring device in Australia and New Zealand following a 90-day proof-of-concept. “This overseas milestone was made possible through an international channel partnership with Drug Testing Business Success, the leading drug and alcohol testing service provider in the region,” reads a recent article. The piece describes the company’s excitement surrounding the new revenue stream in both countries and the opportunity to accelerate broader global growth in the U.S. and other international markets. “SOBRsafe recently issued an…

WednesdayNov 20, 2024 10:56 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands Presence in Higher Education with New EV Orders

Mullen Automotive (NASDAQ: MULN) announced new orders for its Mullen ONE Class 1 commercial EV cargo van from universities in Los Angeles and Berkeley, California, adding to recent orders from institutions like Princeton University, the University of Virginia, and the University of North Carolina. This growth reflects increasing adoption of clean energy vehicles by U.S. higher education institutions, which are prioritizing zero-emission goals for sustainability. Mullen’s commercial EVs, including the Mullen ONE cargo van and Mullen THREE cab chassis truck, are designed for efficiency and compliance with stringent environmental standards, aligning with the needs of these forward-thinking institutions. Incentives like…

TuesdayNov 19, 2024 3:05 pm

TechMediaBreaks – Alphabet Inc. (NASDAQ: GOOGL) Faces DOJ Scrutiny Over Chrome Browser

The U.S. Department of Justice (“DOJ”) is considering asking Alphabet (NASDAQ: GOOGL, GOOG), parent of Google, to sell its Chrome browser. This is part of an investigation into Google’s search monopoly. Chrome is a key part of Google’s internet services, and its potential sale could be a major development in the case. This scrutiny is part of broader efforts to address concerns over Google’s dominance in the search market. The potential sale of Chrome could serve as a bargaining chip in negotiations with the DOJ. This development highlights the increasing regulatory pressure on Google to address antitrust concerns. Despite these…

MondayNov 18, 2024 9:35 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures CARB HVIP Approval for Bollinger B4 EV Truck with Significant Incentives

Mullen Automotive (NASDAQ: MULN) announced that the California Air Resources Board (“CARB”) has approved Bollinger Motors’ all-electric Class 4 Bollinger B4 truck for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”). Under HVIP, the Bollinger B4, priced at $158,758, qualifies for up to $60,000 in state vouchers, potentially reducing its cost to under $59,000 when combined with a $40,000 federal tax credit. The Bollinger B4 offers a 185-mile range and a 7,394-pound payload, catering to commercial fleets seeking sustainable and high-performing vehicles. This milestone aligns with Bollinger Motors’ efforts to expand its market presence, bolstered by recent production…

MondayNov 18, 2024 8:45 am

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Expands OPKO Product Promotion at Asia’s Largest Health Expo in China

NextPlat (NASDAQ: NXPL, NXPLW) announced its participation in the 2024 China International Natural Health & Nutrition Expo (“NHNE”) in Wuhan, showcasing OPKO Health Europe products, including new veterinary and animal care offerings. Supported by its in-country marketing partner, NextPlat has seen increasing demand for OPKO products in China, fueled by online and offline promotional campaigns. The company is leveraging NHNE to connect with thousands of potential retail and distribution partners while launching OPKO storefronts on major Chinese platforms like WeChat and JD.com. NextPlat aims to secure broader physical distribution in major retail chains by 2025, advancing its strategy to capitalize…

FridayNov 15, 2024 2:29 pm

TechMediaBreaks – Aegis Capital Corp. Acts as Agent on $3.5M Private Placement for Cyngn Inc. (NASDAQ: CYN)

Aegis Capital has been in the wealth management and investment banking business since 1984 and is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis has announced that it acted as exclusive placement agent on a $3.5 million private placement for Cyngn (NASDAQ:CYN). To view the full press release, visit https://ibn.fm/DBUvT About Cyngn Inc. Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency. The company addresses significant challenges facing industrial organizations today, such as…

FridayNov 15, 2024 12:23 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Faces Regulatory Challenges in Europe

Meta (NASDAQ: META), the parent company of Facebook, is a leading technology conglomerate known for its social media services, including Facebook, Instagram and WhatsApp. The company is currently facing significant regulatory challenges in Europe, as evidenced by a recent $844 million fine imposed by the European Commission. This penalty stems from Meta’s practices on Facebook Marketplace, where it allegedly undermines competitors by integrating its classified ads platform directly within the social network. The fine has coincided with a decrease in Meta’s stock price, which is currently around $564.16 on the NASDAQ. Today, the stock has dropped by approximately 2.25%, equating…

FridayNov 15, 2024 9:25 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Partners with National Auto Fleet Group to Deliver Bollinger B4 EV Trucks to Government Fleets

Mullen Automotive (NASDAQ: MULN) announced a partnership with National Auto Fleet Group (“NAFG”) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies via NAFG’s Sourcewell-awarded contract. The Bollinger B4, designed with fleet and upfitter input, offers a 185-mile range, a payload of 7,394 pounds, and a robust chassis protecting its 158-kilowatt-hour battery pack. This collaboration provides Bollinger Motors with a streamlined pathway to secure government contracts, aligning with electrification goals of municipalities and agencies. Recent milestones for Bollinger include regulatory certifications, production launch, and multiple fleet agreements, bolstered by partnerships with key dealers, service centers, and…

FridayNov 15, 2024 9:10 am

TechMediaBreaks – HealthLynked Corp. Restructures for Growth, Reports Declines in Revenue and Increased Losses in Q3 2024

HealthLynked (OTCQB: HLYK) has announced its Q3 2024 financial results, reflecting a strategic shift toward software solutions and a leaner operational model. Revenue dropped 56% year-over-year to $0.59 million, attributed to disruptions from clinical restructuring efforts, while operating expenses fell 10% in Q3 and 19% year-to-date due to efficiency initiatives. However, the company reported a $1.97 million net loss for the quarter, primarily due to the absence of a one-time $1.08 million gain recorded in 2023. HealthLynked is pivoting away from traditional clinical operations, focusing on app-based services to expand its user base and enhance operational scalability. To view the…

ThursdayNov 14, 2024 12:28 pm

TechMediaBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Activates Nationwide Data Centers for Truth+ Streaming

Trump Media & Technology Group (NASDAQ: DJT) operates the social media platform Truth Social. The company has recently completed its nationwide network of data centers, which are crucial for its content delivery network. This development enhances Trump Media’s ability to efficiently deliver streaming content across the country. Despite this operational milestone, Trump Media faces financial challenges. The company has a negative price-to-earnings (“P/E”) ratio of -15.02, indicating ongoing losses. This suggests that the company is not currently profitable, which can be a concern for investors looking for immediate returns. The company’s price-to-sales ratio is extremely high at 1,757.39, meaning the…

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