Day: November 21, 2023

Press release November 21, 2023Gothenburg, Sweden Hexatronic downgrades short-term outlook and initiates a cost-saving program Hexatronic Group AB (publ) (“Hexatronic” or “the Company”) downgrades its short-term outlook and expects that the EBITA margin, excluding restructuring costs, will amount to 12-14% for the second half of 2023. Furthermore, the Company is initiating a cost-saving program that is expected to result in annual savings of approximately SEK 90 million. Hexatronic downgrades its short-term outlook due to a continued weakening of the market for fiber optic telecommunications infrastructure during the fourth quarter. The Company thus expects a deterioration in organic sales growth in the fourth quarter of 2023 compared to the third quarter of 2023. The EBITA margin, excluding restructuring costs, is expected to amount to...

Rigetti will leverage its resource estimation framework developed in Phase 1 to research the requirements necessary for designing fault tolerant quantum computers capable of solving some of humanity’s most pressing problems. BERKELEY, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it was awarded Phase 2 of the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Program to develop benchmarks for quantum application performance on large-scale quantum computers. The award is worth up to $1.5 million based on the achievement of certain milestones. The goal of the DARPA Benchmarking Program is to create key quantum computing metrics for fault tolerant quantum computing, make those...

FREMONT, CA, Nov. 21, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — ABVC BioPharma, Inc. (NASDAQ: ABVC) (“Company”), a clinical-stage biopharmaceutical company developing therapeutic solutions in ophthalmology, neurology, and oncology/hematology, announced today that it received a U.S. patent, Application No. 17/120,965, for the use of PDC-1421, a Radix Polygala (Polygala tenuifolia Willd) extract, which is used in the Company’s asset ABV-1505, targeting Attention Deficit/Hyperactivity Disorder (ADHD). “This patent grants ABVC the right to exclude others from using, offering, or selling PDC-1421 throughout the United States until 2040,” said Dr. Uttam Patil, ABVC Chief Executive Officer. “As we work towards expanding our patent map into global coverage, we eagerly await the results of patent...

Cuentas Casa, the building division of the company has completed of its first ninety-six-unit multifamily development, utilizing groundbreaking construction technology, marks a significant departure from traditional methods and heralds a new era in building design Revolutionizing the real estate landscape, Cuentas, Inc. (Nasdaq: CUEN & CUENW) is thrilled to announce a groundbreaking milestone in innovation. The company proudly revealed a state-of-the-art multifamily building using natural disaster-resilient building technology. This cutting-edge development marks CUEN as a leader in pioneering resilient infrastructure, ensuring a safer and more secure future for homeowners in the United States, and demonstrating its steadfast dedication to providing affordable, sustainable, and reliable housing solutions. MIAMI BEACH, FL, Nov. ...

CEO Kam Mahdi addresses an audience of CEOs and government leaders including California State Treasurer and APEC Leaders Week co-host, Fiona Ma, about the path to a resilient and sustainable future Chinese President Xi Jinping’s remarks about fostering development in green and low carbon economy reinforces CETY’s strategy to provide clean energy solutions to China and beyond CETY’s participation and global partnerships in end-to-end clean energy initiatives further exemplify the APEC missionCOSTA MESA, CA., Nov. 21, 2023 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (NASDAQ: CETY) (“CETY” or the “Company”), a rising leader in clean energy solutions, today announced its participation in the Asia Pacific Economic Conference (APEC) 2023, held in San Francisco. Under the theme “Making Smart Sustainable,” CETY’s CEO, Kam Mahdi,...

Loughborough, UK, Nov. 21, 2023 (GLOBE NEWSWIRE) — Nemaura Medical Inc. (NASDAQ: NMRD) (“Nemaura Medical” or the “Company”), developer of a daily wear non-invasive glucose sensor, and digital healthcare programs is pleased to announce the execution of a strategic agreement for a $10 million credit facility which is expected to support the Company’s strategic growth plans. Recognizing the challenges associated with equity sales, particularly in the small-cap landscape on the Nasdaq, Nemaura Medical has proactively pursued a funding strategy that minimizes dilution and, the Company believes, aligns with the best interests of its valued shareholders. This $10 million credit facility, structured to be non-dilutive, empowers the Company to draw down a maximum of $1 million per month, providing a steady and controlled infusion of capital...

FORT LAUDERDALE, FL, Nov. 21, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Splash Beverage Group, Inc. (NYSE American: SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, today announced that Thornton convenience store chain will be featuring Copa di Vino single serve premium wines and Pulpoloco Sangria in Illinois and surrounding areas.  The launch will feature (4) varietals of Copa di Vino Premium Wine and (2) varietals of Pulpoloco Sangria. Bill Meisner, Splash Beverage Group’s President and CMO, commented, “Thornton’s parent company, AMPM Convenience, which operates over 1,500 locations nationwide, approved the assortment as the first step of an expansion for the brands in their stores.”  Meisner continued, “We look forward to sharing more news at a later date on the progress we’ve made with...