August 29, 2023 – Page 12

Game-Changing Simulation Product Uses AI and Robotics to Redefine Manufacturing and Warehouse Management

Written by Customer Service on August 29, 2023. Posted in Public Companies.

ResGreen’s SimuPath Integrates Unreal Engine Video Game Tool to Create Accurate, 3D Simulations SimuPath Simulation Program ResGreen’s AI-powered SimuPath is a groundbreaking simulation program that boosts performance and productivity in manufacturing facilities and warehouses. SHELBY TOWNSHIP, Mich., Aug. 29, 2023 (GLOBE NEWSWIRE) — ResGreen Group International, Inc. (RGGI) (OTC PINK: RGGI), a leader in mobile robot and software solutions, introduced today SimuPath, a groundbreaking simulation program that boosts performance and productivity in manufacturing facilities and warehouses. SimuPath uses 3D creation tool Unreal Engine to design a virtual representation of a manufacturing facility or warehouse that perfectly reflects its physical dimensions and structures. SimuPath’s Artificial Intelligence (AI) helps determine...

Michaels Finds 80% of Gen Z and Millennials Celebrate Halloween; 1 in 4 Report Living for the Holiday

Written by Customer Service on August 29, 2023. Posted in Public Companies.

New research uncovers the creative Halloween personas, attitudes and beliefs driving Gen Z and millennial trends this season IRVING, Texas, Aug. 29, 2023 (GLOBE NEWSWIRE) — Halloween is the holiday for everyone, according to the majority of young Americans. Michaels, the destination for all things creative, polled 1,574 Gen Z and millennials to gather insights regarding their attitudes and beliefs surrounding spooky season, and nearly 70% named Halloween as the most inclusive holiday. As an authority on seasonal celebrations, Michaels’ survey findings represent many different forms of creativity that are all supported by the retailer’s assortment of décor, DIY, party-planning supplies, and more. Key survey findings include celebratory personalities, the truth about superstitions, Halloween costume winners, and more. Halloween Personas...

Yuengling Announces Letter of Intent for a Business Combination With Texas-Based Music Business Software Company

Written by Customer Service on August 29, 2023. Posted in Public Companies.

ATLANTA, GA, Aug. 29, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Yuengling’s Ice Cream Corporation (“Yuengling’s”) (OTC: YCRM) announced today that it has executed a binding letter of intent (the “LOI”) with PickleJar Holdings, Inc (PickleJar), a Texas-based music and entertainment software company for a proposed business combination (the “Business Combination”). The entity resulting from the Proposed Transaction will continue to carry on the business of PickleJar as a content-driven media network and live entertainment technology services provider, unifying every touchpoint of the fan experience for emerging artists, mid-sized venues, and global brands. Under the terms of the LOI, PickleJar is expected to hold a majority stake in the post-Business Combination entity whose share capital will be listed on the OTC exchange....

Ocean Biomedical (NASDAQ: OCEA) Announces New Patent for Anti-Fibrosis Discovery with Allowance in Alcoholic Liver Disease and Multiple Fibrotic Conditions, Leading Causes of Death in the U.S.

Written by Customer Service on August 29, 2023. Posted in Public Companies.

Ocean’s small molecule candidate significantly controls fibrosis progression in idiopathic pulmonary fibrosis (IPF) and Hermansky-Pudlak Syndrome (HPS) in multiple testing models. Patent granted for use in IPF, HPS, alcoholic liver disease, nonalcoholic steatohepatitis (NASH), and scleroderma. Providence, RI, Aug. 29, 2023 (GLOBE NEWSWIRE) — Ocean Biomedical, Inc. (NASDAQ: OCEA) announced today that the United States Patent and Trademark Office has issued a patent covering Ocean’s anti-Chitinase 1 small molecule candidate. Dr. Jack A. Elias, MD, one of Ocean’s Scientific Co-founders, discovered this molecule to be a key factor in controlling and inhibiting fibrosis progression, with potential application in several major fibrotic diseases. Targeted diseases include alcoholic liver disease, idiopathic pulmonary fibrosis (IPF), scleroderma,...

REE Automotive Announces Second Quarter 2023 Financial Results

Written by Customer Service on August 29, 2023. Posted in Earnings Releases And Operating Results.

TEL AVIV, Israel, Aug. 29, 2023 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its financial results for the second quarter ended June 30, 2023, through a shareholder letter posted on the company’s investor relations website at https://ree.auto/lp/shareholders-letter-2q23/ The company will also hold a conference call today, August 29, 2023 at 8:30 a.m. ET. The live webcast of the conference call can be accessed on the Investors section of the Company’s website. Click here for webcast URL. For the telephone conference online registration click here. Q2 23 Highlights: REE confirms Federal Motor Vehicle Safety Standards (FMVSS) certification-feasibility for its x-by-wire systems; intends to fully certify its Powered...

Purpose Investments Inc. Announces Final August 2023 Distribution Rate for Purpose Cash Management Fund and Purpose USD Cash Management Fund

Written by Customer Service on August 29, 2023. Posted in Dividend Reports And Estimates.

TORONTO, Aug. 29, 2023 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today the final August 2023 distribution rate for Purpose Cash Management Fund and Purpose USD Cash Management Fund. The following table reflects the final distribution amounts. Ex-distribution date is August 30, 2023. Open-End Fund Ticker Symbol Final distribution per unit Record Date Payable Date Distribution Frequency Purpose Cash Management Fund – ETF Units MNY $0.4482 08/30/2023 09/08/2023 Monthly Purpose USD Cash Management Fund – ETF Units MNU.U US $ 0.4767 08/30/2023 09/08/2023 Monthly About Purpose Investments Inc. Purpose Investments Inc. is an asset management company with approximately $17 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and...

Iris Energy Purchases NVIDIA H100 GPUs to Target Generative AI

Written by Customer Service on August 29, 2023. Posted in Public Companies.

SYDNEY, Australia, Aug. 29, 2023 (GLOBE NEWSWIRE) — Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, or the “Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced the purchase of NVIDIA’s latest-generation artificial intelligence (“AI”) H100 GPUs. Key Highlights Company’s next-generation data centers to now target the generative AI market Initial purchase of 248 NVIDIA H100 GPUs for ~US$10 million1 Core business remains Bitcoin mining; generative AI represents additional opportunity Bitcoin mining continues to be an attractive business for the Company. Potential expansion into adjacent computing markets, including generative AI, is enabled through: Next-generation data centers designed, tested...

KANZHUN LIMITED Announces Second Quarter 2023 Financial Results

Written by Customer Service on August 29, 2023. Posted in Earnings Releases And Operating Results.

BEIJING, Aug. 29, 2023 (GLOBE NEWSWIRE) — KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced its unaudited financial results for the quarter ended June 30, 2023. Second Quarter 2023 Highlights Revenues for the second quarter of 2023 were RMB1,487.6 million (US$205.2 million), an increase of 33.7% from RMB1,112.3 million for the same quarter of 2022. Calculated cash billings1 for the second quarter of 2023 were RMB1,619.5 million (US$223.3 million), an increase of 65.4% from RMB979.2 million for the same quarter of 2022. Average monthly active users2 for the second quarter of 2023 were 43.6 million, an increase of 64.5% from 26.5 million for the same quarter of 2022. Total paid enterprise customers3 in the twelve months ended June 30, 2023 were...

Human Nutrition Market to Surpass 620.8 Billion by 2030 Drives Due to Surge in Chronic Illnesses

Written by Customer Service on August 29, 2023. Posted in Mergers And Acquisitions.

SkyQuest projects that the human nutrition market will attain a value of USD 620.8 billion by 2030, with a CAGR of 6.3% over the forecast period (2023-2030). Human nutrition plays a critical role in delivering vital nutrients through food that are indispensable for maintaining human well-being and vitality. Inadequate nutrition has emerged as a persistent challenge, often intertwined with poverty, insufficient food availability, and limited comprehension of nutritional needs in the human nutrition market. This issue is further exacerbated by the escalating prevalence of diseases resulting from unhealthy dietary habits. Westford USA, Aug. 29, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, the escalating levels of health consciousness combined with a surge in chronic illnesses worldwide are driving a notable upswing in consumer fascination...

PDD Holdings Announces Second Quarter 2023 Unaudited Financial Results

Written by Customer Service on August 29, 2023. Posted in Earnings Releases And Operating Results.

DUBLIN and SHANGHAI, Aug. 29, 2023 (GLOBE NEWSWIRE) — PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Total revenues in the quarter were RMB52,280.7 million (US$17,209.8 million), an increase of 66% from RMB31,439.6 million in the same quarter of 2022. Operating profit in the quarter was RMB12,718.8 million (US$1,754.0 million), an increase of 46% from RMB8,697.2 million in the same quarter of 2022. Non-GAAP2 operating profit in the quarter was RMB14,609.4 million (US$2,014.7 million), an increase of 39% from RMB10,541.5 million in the same quarter of 2022. Net income attributable to ordinary shareholders in the quarter was RMB13,108.1 million (US$1,807.7 million), an increase of 47% from...

Day: August 29, 2023

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