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Month: August 2021

Summit Therapeutics Reports Financial Results and Operational Progress for the Second Quarter and Six Months Ended June 30, 2021

Cambridge, Massachusetts, Aug. 11, 2021 (GLOBE NEWSWIRE) — Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today reports its financial results and provides an update on its operational progress for the second quarter and six months ended June 30, 2021. Note: A glossary of terms is included at the end of this document in order to allow for the ease of understanding of terms or concepts used throughout this release.  Financial HighlightsCash and cash equivalents on June 30, 2021, was $103.4 million, as compared to $66.4 million on December 31, 2020. In April, the Company commenced a Rights Offering for our existing shareholders to participate in the purchase of additional shares of our common stock, in which the associated subscription rights expired on May 10, 2021. ...

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OMNIQ’s AI Systems to be deployed at the Border Check Point between Israel & Jordan

omniQ’s AI Vehicle Recognition technology identifies vehicles and enable proactive smart decisions omniQ’s AI Homeland Security solutions are already deployed in foreign Ministry of Defense Head Quarters, foreign military bases, in sensitive zones in the Middle East and in Eastern Asia. omniQ’s AI uses patented Neural Network algorithms that imitate the human brain for pattern recognition enabling smart and quick decision-making. Order follows recent winnings at The Cypress College in California, Israel’s largest seaport, Georgia State University, the City of Watkinsville, Georgia, Philadelphia International Airport and at the Campus of a Multibillion-dollar Medical Center.SALT LAKE CITY, Aug. 11, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT...

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Orbit International Corp. Reports 2021 Second Quarter Results

Second Quarter 2021 Net Income of $534,000 ($0.15 per diluted share) v. Net Loss of $396,000 ($0.11 loss per share) in Prior Year Period Second Quarter 2021 EBITDA, As Adjusted, of $616,000 ($0.18 per diluted share) v. loss of $324,000 ($0.09 loss per share) in Prior Year Period Six Months 2021 Net Income of $2,361,000 ($0.67 per diluted share) v. Net Loss of $376,000 ($0.11 loss per share) in Prior Year Period Six months 2021 EBITDA, As Adjusted, of $2,519,000 ($0.72 per diluted share) v. loss of $238,000 ($0.07 loss per share) in Prior Year Period Exclusive of PPP Loan Forgiveness, Six Months Net Income was $743,000 ($0.21 per diluted share) and EBITDA, As Adjusted was $901,000 ($0.26 per diluted share) HAUPPAUGE, N.Y., Aug. 11, 2021 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT) today announced results for the...

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Healthcare Expert, U.S. Army Veteran Rob Snyder Brings to Integrity Health Corporation (the “Company”) (OTC: FTEG) New Perspective on Disrupting Normalcy of Traditional Western Medicine

PHOENIX, AZ, Aug. 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Integrity Health Corporation (the “company”) (OTC: FTEG) (www.integrityhealthcorp.com) announced that Rob Snyder, Radiology Clinician/ Administrator, and Healthcare Expert, will be joining the company’s medical team and bringing a whole new perspective on traditional medicine along with him. Snyder brings 26 years of healthcare experience to Integrity Health Corporation. Most recently, he held the positions of Radiation Safety Officer and Chief Compliance Officer for VibrantMBS. Before joining Integrity Health Corporation, Snyder spent 10 years in the United States Army where he was trained to be a Radiology Technologist. Snyder has also worked in general Radiology, Computed Tomography (CT), Cardiac Cath Lab, Interventional Radiology, and has been a Director...

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Mobix Labs Completes Acquisition of Cosemi Technologies

IRVINE, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) — Mobix Labs Inc., a global wireless and wired connectivity solutions provider, today announced that it has closed its previously reported acquisition of Cosemi Technologies Inc., a global designer and manufacturer of active optical cables (AOCs). Terms of the transaction were not disclosed.  Cosemi’s asset portfolio includes a broad range of hybrid AOCs, optical transceivers and optical engines that deliver latency-free connectivity to a variety of use cases, including the data center, home entertainment and consumer electronics markets. “Today’s users call for larger amounts of data to be transmitted faster and more reliably, whether it is a wide area network adopting mission-critical mmWave 5G applications or a family watching an 8K movie at home,” said Fabian Battaglia, CEO of...

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MeiraGTx Reports Second Quarter 2021 Financial and Operational Results

LONDON and NEW YORK, Aug. 11, 2021 (GLOBE NEWSWIRE) — MeiraGTx Holdings plc (Nasdaq: MGTX), a vertically integrated, clinical stage gene therapy company, today announced financial results for the second quarter ended June 30, 2021 and provided an update on recent progress. “As we move into the second half of 2021, we are enthusiastic about the progress of our clinical programs and our gene regulation technology,” said Alexandria Forbes, Ph.D., president and chief executive officer of MeiraGTx. “Our leading position in XLRP has been strengthened as we head into our Phase 3 pivotal trial for this large unmet need. We also remain on track to complete enrollment in our Phase 1 AQUAx study in grade 2/3 radiation-induced xerostomia this year and file our IND for AAV-GAD for Parkinson’s Disease.” Dr. Forbes continued, “In a testament...

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Singing Machine Announces Minority Investment by Stingray Group

Fort Lauderdale, FL, Aug. 11, 2021 (GLOBE NEWSWIRE) — The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (OTCQX: SMDM) — the North American leader in consumer karaoke products – today announced that Stingray Group Inc. (TSX: RAY. A; RAY. B), a leading music, media, and technology company has participated in the Company’s recent private placement offering to obtain a minority stake in Singing Machine and will be accepting a seat on the company’s newly reconstituted board of directors. With over 400 million subscribers in 160 countries, Stingray is one of the most recognized worldwide providers in SVOD (subscription video on demand) solutions for karaoke, classical music, concerts, curated music, and educational piano sheet music. Stingray has been a long-time premium partner of Singing Machine and currently...

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BIGG Digital Assets Inc. Subsidiary Netcoins Launches Android and Apple iOS Crypto Trading Apps

VANCOUVER, British Columbia, Aug. 11, 2021 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, is pleased to announce the launch of its Android and Apple iOS native crypto trading apps. The Netcoins Android app is available on the Google Play store here: https://play.google.com/store/apps/details?id=com.netcoins.app The Netcoins iOS app is available on the Apple Store here: https://apps.apple.com/us/app/netcoins-buy-bitcoin-canada/id1571344881 Highlights of the Netcoins Trading Apps include:Netcoins offers 6 cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC),...

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Borqs Technologies Announces Strategic Investment and Collaboration with Zippie in Blockchain IoT Autonomous Payments 

SANTA CLARA, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) — Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), has signed an agreement with Zippie, a blockchain application and payment platform company headquartered in Singapore, to jointly develop solutions for IoT autonomous payments to service the rising demand for digital currency transactions. Zippie is a pioneer in the Web3.0 payment platform using blockchain technology. Zippie enables businesses to send and receive programmable payments with money and other digital assets, such as airtime, loyalty points, tokens, and gift cards. Since 2017 Zippie has been developing an easy-to-use, legacy, money-system-connected blockchain platform for the real world. Zippie is obtaining e-money...

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Tecan schedules conference call on August 18th to discuss half year 2021 financial results

Männedorf, Switzerland, August 11, 2021 – The Tecan Group AG (SIX Swiss Exchange: TECN) will hold a conference call to discuss the financial results for the first half year 2021 on Wednesday, August 18th, 2021 at 09:00 CEST. The results will be published on August 18th, 2021 at 6:30 CEST. The conference call will be audio-webcast with synchronized presentation slides. The webcast and a replay of the webcast will be made available in the “Investor Relations” section of Tecan’s website www.tecan.com. Interested parties can also listen to the conference call by phone. The dial-in numbers for the call are as follows:Participants from Europe: +41 (0) 58 310 50 00 or +44 (0) 207 107 0613 (UK) Participants from the U.S.: +1 (1) 631 570 56 13 Participants should if possible dial in 15 minutes before the start of the event. On...

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