Month: December 2020

SUNNYVALE, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) — GSI Technology, Inc. (Nasdaq: GSIT), a leading provider of high-performance memory solutions for the networking, telecommunications and military markets, and developer of the Gemini® Associative Processing Unit (APU) for Artificial Intelligence, today announced that Douglas Schirle, Chief Financial Officer, and Didier Lasserre, Vice President of Sales and Investor Relations, will host one-on-one meetings at the 23rd Annual Needham Virtual Growth Conference on Tuesday, January 12, 2021. Management will also host a group presentation the same day at 2:45 to 3:25 p.m. Eastern time.The 23rd Annual Needham Growth Conference will be held virtually January 11-14, 2021. To register for the conference and schedule a one-on-one meeting with GSI Technology contact your representative at Needham...

LAS VEGAS, Dec. 15, 2020 (GLOBE NEWSWIRE) — Grey Cloak Tech Inc. (OTCQB: GRCK – name change pending to Healthy Extracts Inc.), a company engaged in the proprietary development of natural plant-based formulations as well as sales and distribution of cardiovascular and neuro products, today announces its subsidiary BergaMet NA has entered into an exclusive performance-driven agreement with Xymogen® to purchase BergaMet’s Citrus Bergamot SuperFruit™.This agreement has been three years in development and Xymogen is now selling and distributing its proprietary formulations of BergaCor™ and BergaCorPlus™ to their 20,000- plus medical doctor network.“BergaCor™ and BergaCorPlus™ are a top product release of 2020,” stated Xymogen’s President Brian Blackburn. “The BergaMet NA Citrus Bergamot SuperFruit™ allows us to provide our Doctor Network...

EDGEWOOD, N.Y., Dec. 15, 2020 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced that it is participating in Phase I of a Cooperative Research and Development Agreement that Wilder Systems entered into with the U.S. Army. The objective of the project is to demonstrate the capability of Wilder’s Agile Manufacturing Robot, from repetitive drilling to complex mixed-stack drilling operations, with improved quality and throughput over more manually-intensive methods. In collaborating with Wilder Systems, CPI Aero is procuring and providing eight unique material coupon stacks representative of current aircraft structure. Materials include Carbon Fiber, Titanium, Aluminum, Corrosion Resistant Steel and Inconel.“CPI Aero is committed to the deployment of advanced manufacturing technologies that hold...

New York, Dec. 15, 2020 (GLOBE NEWSWIRE) — BOQI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) today announced that it has signed a Stock Purchase Agreement (the “Agreement”) on December 14, 2020, to acquire Chongqing Cogmer Biology Technology Co., Ltd. (“Cogmer”), a distributor of medical devices including in vitro diagnostic devices. Cogmer is focused on sales to hospitals and sub-distributors in the southwest region of China.Pursuant to the Agreement, the Company will purchase all the issued and outstanding equity interests in Cogmer (the “Shares”) in consideration of RMB 116,000,000 (approximately $17,737,000). RMB 20,000,000 (approximately US$3,048,780) will be delivered in cash at the closing and 2,000,000 shares of common stock of the Company valued at RMB 40,000,000 (approximately US$6,097,560) will be...

EDISON, N.J., Dec. 15, 2020 (GLOBE NEWSWIRE) — StrikeForce Technologies, Inc. (OTC PINK: SFOR), a US based company is excited to announce that it intends to file a Schedule 14C to reduce its Authorized shares from 14Billion to 4Billion common shares and a few other annual items.“With the release of SafeVchat™ this week we see ourselves as a game changer in the video conferencing space. We are also preparing the launch of PrivacyLok™, which is security for everything you do on your computer and also provide more cybersecurity products to compliment our cybersecurity product suite. Strike Force Technologies will become a major player in all areas of cyber security currently decimating individual’s personal lives and businesses. This confidence in our business plan allows us to reduce our authorized shares significantly,”...

TEMPE, Ariz., Dec. 15, 2020 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), an innovator of modern policing solutions, announced today that police in the City of Beaufort, South Carolina safely subdued a subject using the BolaWrap Remote Restraint device. The BolaWrap allowed the officers on the scene to take the subject into custody without injury to either themselves or the subject.The deployment was reported by Kristen Rary of WTOC-TV (CBS) News and is available to view on WRAP’s YouTube channel here.   “As the BolaWrap is carried by more and more agencies, both in the US and internationally, we expect to continue to see examples where our technology enables officers to take subjects into custody safely and humanely. We take great pride in our role in serving our stakeholders, communities...

PALO ALTO, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) — KINS Technology Group Inc. (the “Company”) announced today that it priced its initial public offering of 24,000,000 units at $10.00 per unit, reflecting an upsize of 4,000,000 units. The units will be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “KINZU” beginning December 15, 2020. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any.Once the securities comprising the units...

OMAHA, Neb., Dec. 15, 2020 (GLOBE NEWSWIRE) — Green Plains Partners LP (NASDAQ:GPP) today announced that it has reached an agreement to sell its ethanol storage and transportation assets located at the Green Plains’ Hereford, Texas ethanol facility to Green Plains Hereford LLC for $10 million, along with the transfer of associated railcar leases. As part of the transaction, the minimum volume commitment of Green Plains will be reduced by 3.25 million gallons per quarter.“This transaction allows Green Plains Partners to accelerate its debt repayment with the proceeds while minimizing changes to the company’s distributable cash flow. The transaction also enables the parent, Green Plains Inc., to sell its ethanol facility and reinvest the proceeds from the sale of the plant toward its protein technology initiative which should result...

NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) — Conversion Labs, Inc. (NASDAQ: CVLB), a direct-to-consumer telemedicine and wellness company, reported its annualized revenue run-rate reached a record $53.9 million in November, up 332% versus $12.5 million for all of 2019. The run-rate is based on record revenues of $4.5 million for the month, which was up 233% versus November of last year.Annual recurring revenue (ARR) generated by subscriptions reached $23.0 million, up by $19.2 million or 517% versus November 2019 (see description of ARR, below). The growth in ARR was driven by the company’s increasingly popular brands, particularly Rex MD for men’s health.“November was so strong, it eclipsed our entire first quarter revenue by a significant margin,” stated Conversion Labs CEO, Justin Schreiber. “This performance reflects the tremendous...