Day: June 7, 2022

HAUPPAUGE, N.Y., June 07, 2022 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”), reported bookings in excess of $2,800,000 for the month of May 2022. Deliveries for certain of these orders have already commenced and are expected to continue through the second quarter of 2023. Mitchell Binder, President and CEO of Orbit International, commented, “We are pleased to report that our OEG continues to receive significant orders with total bookings for the month of May 2022 exceeding $2,800,000. These orders were highlighted by our newly acquired subsidiary, Simulator Product Solutions LLC (“SPS”), reporting orders in excess of $1,170,000, its largest booking month since it was acquired earlier this year. In addition,...

Figure 1 Canal Flats – ASIC miner maintenance and repair course attendeesFigure 2 Mackenzie – miners installed in the first 20MW data centerFigure 3 Mackenzie – internal fit out of the first 20MW data center completeFigure 4 Prince George – structural steel erected for the first 20MW data centerFigure 5 Prince George – storage facility erectedFigure 6 Childress – site construction office and entranceFigure 7 Childress – site civil works ongoingFigure 8 Raven’s Nest Disc Golf Course – Akisqnuk First NationFigure 9 Mackenzie – Spring Exposition 2022 trade fairChart 1 Daily average operating hashrate chartRecord average operating hashrate of 1,165 PH/s (+12% increase) Mackenzie (1.5 EH/s) and Prince George (1.4 EH/s) remain on track for Q3 2022 SYDNEY, Australia, June 07, 2022 (GLOBE NEWSWIRE) — Iris...

QAmplify Maximizes End-User Investment in Quantum Computing LEESBURG, Va., June 07, 2022 (GLOBE NEWSWIRE) — Quantum Computing Inc. (“QCI” or the “Company”) (NASDAQ: QUBT), a leader in accessible quantum computing, today unveiled QAmplify, a suite of quantum software technologies that expands the processing power of any current quantum computer by as much as 20x. QAmplify is capable of supercharging any quantum computer to solve real-world realistic business problems today. The Company is actively working with customers and partners in scaling the amplification capabilities of its ready-to-run Qatalyst™ software, which is designed to eliminate the need for complex quantum programming and runs seamlessly across a variety of quantum computers. QCI has filed for patents on QAmplify technology. Currently there are two primary...

– Four abstracts accepted of Phase 3 data from PEDFIC 1 and PEDFIC 2 trials of Bylvay™ (odevixibat) – Three oral presentations discuss long-term safety, tolerability and improved quality of life, hepatic biochemical markers, sleep in children with PFIC – Company-sponsored symposium to feature case-based expert discussion on real-life experience of treating PFIC with an IBAT inhibitor BOSTON, June 07, 2022 (GLOBE NEWSWIRE) — Albireo Pharma, Inc. (Nasdaq: ALBO), a rare liver disease company developing novel bile acid modulators, today announced the presentation of data at the European Society for Paediatric Gastroenterology, Hepatology and Nutrition (ESPGHAN), being held June 22 – 25, 2022 in Copenhagen, Denmark. Data will be presented in three oral sessions and one poster, sharing analyses of the landmark Phase 3 PEDFIC 1 study...

II-VI completes the tape-out of its Steelerton™ DSP, the first in the industry to enable 100 Gbps coherent transmission in a pluggable QSFP28 form factor PITTSBURGH, June 07, 2022 (GLOBE NEWSWIRE) — II‐VI Incorporated (Nasdaq: IIVI), a leader in optical transceivers, today announced that it completed the tape-out of its Steelerton™ digital signal processor (DSP) for 100 Gbps coherent transmission in optical access and aggregation networks. The growth of 5G wireless and high-speed broadband services is driving the explosive demand for coherent transceiver technology optimized for optical access networks. While service providers currently deploy coherent transceivers in core networks and datacenter interconnects, they are seeking new designs that meet their high volume, low cost, low power dissipation, and small size requirements...

LOS ANGELES, June 07, 2022 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that it had received all the required approvals to continue its stock repurchase plan. In May of 2021, the Bank’s shareholders approved a $50 million share repurchase plan. Under that Plan, the Bank repurchased approximately $18 million worth of common stock in the open market during 2021. In May of 2022, the Board of Directors elected to re-commence the repurchase plan which began in 2021. Therefore, this repurchase plan calls for the repurchase of up to approximately $32 million of common stock in the open market.    About Preferred Bank Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits...