TechMediaBreaks Archive - Page 86 of 197

ThursdayDec 19, 2024 11:11 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands U.S. Battery Manufacturing with Updated DOE Proposal

Mullen Automotive (NASDAQ: MULN) has submitted a revised plan to the U.S. Department of Energy (“DOE”) to bolster domestic battery production at its Mishawaka, Indiana, and Fullerton, California, facilities. The company has invested $12 million to date, with an additional $43 million planned, seeking $55 million in matching DOE funds under a program funded by the Bipartisan Infrastructure Law. Mullen’s plan prioritizes high-volume battery production at Mishawaka, a former GM Hummer facility, which will be upgraded to a capacity of 108,000 battery systems annually. Fullerton will focus on research, development, and prototype production. Mullen's strategic acquisitions and infrastructure investments position…

WednesdayDec 18, 2024 1:45 pm

TechMediaBreaks – Why Thumzup Media Corp. (NASDAQ: TZUP) Is ‘One to Watch’

Thumzup (NASDAQ: TZUP) is at the forefront of modernizing the marketing industry with its unique platform designed to connect advertisers directly with everyday social media users. “The company’s mission is to empower individuals by turning their authentic social media activity into a monetizable asset while providing brands with cost-effective and impactful advertising solutions,” reads a recent article. “Through its flagship Thumzup platform, the company offers a seamless system where users post about participating advertisers and receive cash payments via Venmo or PayPal. Thumzup recently announced plans to integrate bitcoin as an additional payment option, expanding accessibility for gig economy workers.” To…

WednesdayDec 18, 2024 11:14 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports $5.5M in EV Sales and Significant Cost Reductions

Mullen Automotive (NASDAQ: MULN) announced sales of 100 Class 1 and Class 3 electric cargo vans and trucks since Sept. 30, 2024, generating $5.5 million in revenue. The company has also reduced its monthly burn rate from $16.8 million in August to $5.3 million in October and November. CEO David Michery highlighted growing demand for sustainable transportation solutions and ongoing discussions with government agencies and large fleets. The Mullen ONE and Mullen THREE commercial EVs meet strict U.S. emissions standards and qualify for various state and federal incentives, including up to $45,000 in rebates. To view the full press release,…

TuesdayDec 17, 2024 1:56 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Delivering End-to-End Solution for EM Programs

SuperCom (NASDAQ: SPCB) is an electronic monitoring (“EM”) innovator bringing advanced technology and monitoring services to government clients for increased use in supervised-release programs. The company’s president and CEO, Ordan Trabelsi, outlined SuperCom’s services and critical benefits during a recent investor presentation at the annual LD Micro Invitational. During the event, Trabelsi explained the competitive edge of the company’s GPS-enabled PureSecurity platform, among a narrow field of rivals. “SuperCom’s end-to-end solution provides a developed GPS technology for reliable offender tracking and 24/7 monitoring services to give criminal justice clients the confidence they need to operate supervised-release programs that allow select individuals…

TuesdayDec 17, 2024 10:55 am

TechMediaBreaks – The Coretec Group Inc. (CRTG) Gains Spotlight on NetworkNewsAudio Following Transformative Acquisition

The Coretec Group (OTCQB: CRTG) has been prominently featured in a NetworkNewsAudio (“NNA”) broadcast, which highlights the company’s acquisition of a controlling stake in KIB Plug Energy Co., Ltd., a KOSPI-listed South Korean enterprise. NNA, a leading platform for delivering visibility and brand awareness to the investment community, underscores the significance of this acquisition as Coretec advances its position in the global energy and technology sectors. KIB Plug Energy, with operations in 53 countries and annual revenues exceeding $70 million for the past five years, brings substantial expertise in chemical and petroleum plant services. Coretec Co-Chairman Dr. Kim described the…

TuesdayDec 17, 2024 10:32 am

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Launches $2 Million Share Repurchase Program Amid Record Revenue Growth

NextPlat (NASDAQ: NXPL, NXPLW) announced its Board of Directors has approved a share repurchase program of up to $2 million in outstanding common stock. The timing and execution of repurchases will be at the Company's discretion, with flexibility to utilize open market or privately negotiated transactions. NextPlat expects to achieve record 2024 annual revenue exceeding $63 million, a 70% increase over 2023, driven by growth in satellite connectivity products, recurring airtime revenue, and healthcare contributions. CEO Charles M. Fernandez emphasized the company’s focus on double-digit revenue growth and positive operating cashflows in 2025, supported by a strong balance sheet, as…

TuesdayDec 17, 2024 9:30 am

TechMediaBreaks – zSpace Inc. (NASDAQ: ZSPC) Secures $10.8M in IPO

zSpace (NASDAQ: ZSPC) recently closed on its firm commitment initial public offering of an aggregate of 2,156,250 shares of its Common Stock, each at a price of $5.00, including the full exercise of the overallotment option. ZSPC secured gross proceeds of approximately $10.8 million. The shares began trading on the Nasdaq Global Market under the ticker symbol ZSPC on Dec. 5, 2024. Roth Capital Partners acted as joint book-running manager for the offering. To view the full press release, visit https://ibn.fm/QTWjR About zSpace Inc. zSpace delivers innovative augmented and virtual reality (“AR/VR”) experiences for STEM, CTE, and career readiness programs.…

FridayDec 13, 2024 3:20 pm

TechMediaBreaks – Quantum Computing Inc. (NASDAQ: QUBT) Announces Concurrent Offerings

Quantum Computing (NASDAQ: QUBT) (“QCi”), an innovative, integrated photonics and quantum optics technology company, recently announced its entry into securities purchase agreements with institutional investors for the purchase and sale of 1,540,000 shares of common stock, each at a price of $5.00, pursuant to a registered direct offering. In a concurrent private placement, the company entered into securities purchase agreements for the purchase and sale of an additional 8,460,000 shares of its common stock at the same price. Quantum Computing expects aggregate gross proceeds of $50 million, of which it intends to use the net for working capital and general…

FridayDec 13, 2024 11:32 am

TechMediaBreaks – Ituran Location and Control Ltd. (NASDAQ: ITRN) CEO Discusses Company’s Journey from Humble Beginnings to Global Leadership

Ituran Location and Control Ltd. (NASDAQ: ITRN) Co-Founder and CEO Eyal Sheratzky recently sat down with Jay Woods of Freedom Capital Markets to discuss how Ituran transformed military-grade technology into groundbreaking telematics solutions. From stolen vehicle recovery to advanced fleet management systems, Ituran's innovation continues to redefine the telematics industry. Here are some highlights from their conversation: Expansion into 27+ countries with cutting-edge technology. Strategic partnerships with automotive leaders like GM, Nissan, and Porsche. Leveraging AI and big data to anticipate market needs and improve driver safety. A commitment to sustainable growth with 15 years of consistent dividends. As Eyal…

FridayDec 13, 2024 8:00 am

TechMediaBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Releases Results of Annual General and Special Meeting

SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the U.S., has announced the results of its 2024 annual general and special meeting of shareholders. The nominees listed in the management information circular for the meeting were elected as directors of SolarBank. The announcement includes detailed results of the election of directors as well as other items voted for in the meeting. To view the full press release, visit https://ibn.fm/lzfuk About SolarBank Corporation SolarBank Corporation is an independent renewable and…

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