Day: July 5, 2022

The Company has reduced its indebtedness from more than $30 million last year to an estimated $11 million BREA, Calif., July 05, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that it has eliminated $17.5 million in company debt and reduced its overall indebtedness from more than $30 million last year to an estimated $11 million currently. Mullen continues to strengthen its overall financial balance sheet with this recent elimination of $17.5 million dollars in company debt, which was associated with a secured convertible promissory note (the “Note”) executed on July 23, 2020, with DBI Lease Buyback Servicing LLC, an affiliate of Drawbridge Investments LLC (“Drawbridge”).  This elimination...

“Energy Share” Technology HHE Energy Power SystemSANTA CLARA, Calif., July 05, 2022 (GLOBE NEWSWIRE) — Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, with global operations in the U.S., India and China, today announced that its majority owned solar energy storage systems subsidiary, Holu Hou Energy LLC (“HHE”), has its energy storage system featured in the New York Times. Excerpt from the article dated May 30, 2022 by Ivan Penn – Google search: “New York Times article: Hit Hard by High Energy Costs, Hawaii Looks to the Sun”. “HONOLULU — Toddi Nakagawa, who lives in a suburb of Honolulu, has spent years battling her family’s high electricity bills, which once topped $500 a month,...

Kiruna July 5, 2022 On March 30, 2022, Copperstone Resources AB (publ) submitted an application for an environmental permit to the Land and Environmental Court at Umeå District Court prior to the reopening of the Viscaria mine in Kiruna. According to schedule and expectations, the company has now received feedback from the land and environmental and a number of consultation bodies regarding additions to the application. Over the next few months, Copperstone will work through and submit these supplements to the court in September 2022. “It feels very good that the process is proceeding as expected and that the court’s request for supplementary requirements has reached these consultative bodies and now been sent to us. Requesting supplements is a normal step in a process like this and enables us to submit an application as complete...

Press release5 July 2022, 15:00 Sdiptech resolves on an in-kind issue of shares to seller of Resource Data Management Ltd On May 13, 2022, Sdiptech AB (publ) acquired the shares in Resource Data Management Ltd (“RDM”), specializing in control and monitoring of refrigeration and building management systems. In connection with the acquisition, the seller of RDM was offered by the company to subscribe for newly issued B shares in Sdiptech AB (publ), as part of the total payment. Sdiptech’s Board of Directors has today decided to issue 21,321 new ordinary shares of series B to the seller of RDM, entailing an increase in the share capital of SEK 533.025. The value of the shares has been calculated at a total of GBP 500,000, at the time of acquisition corresponding to SEK 6,170,510.61 or SEK 289.41 per share. The payment was made in kind...

Maris- Tech received a purchase order from SpaceIL for the development of a video recording, streaming and image processing solution REHOVOT, Israel, July 05, 2022 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of intelligent video transmission technology, today announced that it has been chosen by SpaceIL, an organization that strives to promote science and science education, which in 2019 became the first private entity in history to reach the moon, to take part in “Beresheet 2 Lunar Mission”, Israeli Lunar Spacecraft. As a result, the Company received a purchase order, for the Jupiter-Space development. The Company’s Neptune-Space previously served as the video recording and streaming solution on the 2019 SpaceIL “Beresheet” spacecraft, the first Israeli...

Melbourne, FL, July 05, 2022 (GLOBE NEWSWIRE) — Kona Gold Beverage, Inc. (OTCQB: KGKG), a holding company focused on product development in the better-for-you and hemp and CBD functional beverage sector is pleased to announce its second quarter gross revenue is the highest quarterly gross revenue in Company history.  The Company’s subsidiaries combined gross revenue was approximately $1,230,000 for the second quarter with subsidiary breakdowns of approximately $955,000 from Gold Leaf Distribution LLC and approximately $275,000 from Kona Gold LLC. Kona Gold Beverage’s 2022 Q2 revenue is an increase of approximately 15% from the previous quarter and an increase of approximately 44% from the same quarter in 2021. Kona Gold Beverage continues to experience phenomenal growth across its subsidiaries and has nearly matched all 2021...

LAS VEGAS, July 05, 2022 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (OTC: GLXZ), the world’s largest independent developer and distributor of casino table games and technology has launched Galaxy Gaming Digital, a division focused on online growth and development. Galaxy Gaming Digital encompasses its proprietary portfolio of world-famous table content, the brand-new Galaxy Built games developed in-house, and future digital ventures. “The launch of Galaxy Gaming Digital underscores our continued enthusiasm for creating and licensing the best table game content online, just as we have always done for our land-based clients,” said Todd Cravens, President and CEO of Galaxy Gaming. “As the omnichannel table games experts, we see tremendous opportunity for growth and innovation by taking an active role in creating our own new content and...

SUNNYVALE, Calif., July 05, 2022 (GLOBE NEWSWIRE) — News Summary Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call to discuss its second quarter 2022 financial results on Wednesday, August 3 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Fortinet’s financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.com. While not required, it is recommended that you join at least 10 minutes prior to the event start. The CEO and CFO’s prepared remarks, supplemental slides and a call replay will be accessible from the Quarterly Earnings page on the Investor Relations page of Fortinet’s website at https://investor.fortinet.com/quarterly-earnings. About...

JERSEY CITY, N.J. , July 05, 2022 (GLOBE NEWSWIRE) — As volatile construction costs persist, a historical view of trends paired with up-to-date pricing better equips insurers, adjusters and contractors to understand the impact of these costs on losses. Verisk’s 2021 Property Report for Canada provides insights into property insurance trends for benchmarking. The report analyzed 286,346 Canadian claim assignments processed by XactAnalysis®, Verisk’s claims assignment, management and analytical solution, totaling $2.6 billion in losses from 2021. Findings include:Total volume and value of property claims Rate changes for reconstruction costs by province and territory Trends for common building materials, such as lumber, drywall and roofing Costs for personal protective equipment“The restoration and construction industries in...

JERSEY CITY, N.J. , July 05, 2022 (GLOBE NEWSWIRE) — As volatile construction costs persist, a historical view of trends paired with up-to-date pricing better equips insurers, adjusters and contractors to understand the impact of these costs on losses. Verisk’s 2021 Property Report for the United States provides insights into property insurance trends for benchmarking. The report analyzed 7,606,375 assignments totaling $68.5 billion in losses from 2021. Findings include:Virtual claims-handling trends The impact of COVID-19 on personal protective equipment costs Rate changes for reconstruction costs by state Total volume and value of property estimates Trends for common building materials, such as lumber, drywall and roofing“The restoration and construction industries are dealing with significant inflation and supply chain challenges,...