Day: January 17, 2024

Ocean Power Technologies Announces Progress on Shift to Commercialization and Expects to Achieve Profitability in Calendar Year 2025

Written by Customer Service on January 17, 2024. Posted in Public Companies.

Company is Well-Positioned to Drive Shareholder Value Creation in Post-R&D Phase, With Fully Commercialized Solutions and Robust Pipeline MONROE TOWNSHIP, N.J., Jan. 17, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has completed several previously announced milestones and initiatives – including reallocation of headcount towards commercialization – that it believes will enhance shareholder value. OPT now has fully commercialized customer solutions, a robust pipeline, and several recent commercial wins. The Company now expects to achieve profitability in calendar year 2025. OPT CEO and President Dr. Philipp Stratmann commented: “Now that OPT’s research and...

AITX Announces Strong Financial Growth with 2.7x Increase in Recurring Revenue, SG&A Expense Reduction and Debt Extensions in Latest 10-Q Filing

Written by Customer Service on January 17, 2024. Posted in Public Companies.

Detroit, Michigan, Jan. 17, 2024 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), is pleased to announce its latest financial results as highlighted in the 10-Q filing for the period ending November 30, 2023. The report showcases significant growth in Recurring Monthly Revenue (RMR) while managing a reduction in Selling, General, and Administrative (SG&A) expenses, alongside a strategic extension of debt maturity. Management encourages all AITX investors, fans, and followers to thoroughly review the full SEC filing at http://tinyurl.com/ye6wbdpa and wishes to highlight three critical areas of performance: 1. Robust Growth in Recurring...

Total Energy Services Inc. to Acquire Saxon Energy Services Australia Pty Ltd.

Written by Customer Service on January 17, 2024. Posted in Public Companies.

CALGARY, Alberta, Jan. 17, 2024 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or “the Company”) (TSX:TOT) is pleased to announce that its wholly owned subsidiary Savanna Energy Services Australia Pty Ltd. (“Savanna Australia”) has entered into an agreement with SLB to acquire all of the shares of Saxon Energy Services Australia Pty Ltd. (“Saxon”) for US $37.0 million cash (the “Acquisition”). The Acquisition is expected to be completed during the first quarter of 2024, subject to the satisfaction of certain conditions including the receipt of regulatory approvals. Headquartered in Brisbane, Australia, Saxon owns and operates a fleet of 11 land drilling rigs, 10 of which are currently marketed. Saxon’s marketed fleet includes four 600 horsepower rigs with hook load capacities ranging from 150,000 to 200,000 pounds,...

Duos Secures $2.4 Million AI Subscription and Services Agreement

Written by Customer Service on January 17, 2024. Posted in Public Companies.

Multi-Year Partnership to Use, Maintain, and Further Develop AI-Based Defect Detection Solutions for Streamlined Rail-Transit across North AmericaDuos Secures $2.4 Million AI Subscription and Services AgreementMulti-Year Partnership to Use, Maintain, and Further Develop AI-Based Defect Detection Solutions for Streamlined Rail-Transit across North AmericaJACKSONVILLE, Fla., Jan. 17, 2024 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Technologies, Inc., a provider of Machine Vision and Artificial Intelligence (“AI”) to analyze fast moving freight, passenger and transit trains and trucks, announced a strategic move aimed at revolutionizing rail safety. The Company has solidified its collaboration with a leading Class 1 railroad to implement...

Buxton Acquires Elevar to Create Data Powerhouse for Omnichannel Insights and Customer Engagement

Written by Customer Service on January 17, 2024. Posted in Mergers And Acquisitions.

Omnichannel Intelligence UnlockedBuxton announces strategic acquisitionFort Worth, Texas, Jan. 17, 2024 (GLOBE NEWSWIRE) — Buxton, a market leader in retail customer analytics, and Elevar, a dynamic conversion tracking solution for fast-scaling e-commerce brands, have joined forces in an exciting acquisition by Buxton. While the deal’s financial terms remain undisclosed, Buxton believes this strategic collaboration can revolutionize the landscape of data-driven consumer insights. Founded in 1994, Buxton aims to redefine the realm of customer analytics by incorporating psychographics and buying behaviors, providing businesses with a holistic understanding of their customers. Elevar, since its inception, has sought to empower e-commerce brands with a comprehensive conversion tracking solution that helps optimize ad...

INVO Bioscience Files S-4 Registration and Preliminary Joint Proxy Statements in Connection with Merger with NAYA Biosciences, NAYA Announces New Board Directors

Written by Customer Service on January 17, 2024. Posted in Mergers And Acquisitions.

INVO (NASDAQ: INVO) and NAYA Biosciences expect to close their previously announced merger in the first quarter of 2024 Experienced, entrepreneurial leadership team to help structure merged public company and accelerate growthSARASOTA, Fla. and AVENTURA, Fla., Jan. 17, 2024 (GLOBE NEWSWIRE) — INVO Bioscience, a healthcare services company focused on expanding access to advanced fertility treatment worldwide, which has recently signed a definitive merger agreement with NAYA Biosciences (“NAYA”) to establish an expanded, publicly traded life science company, today announced that it has filed S-4 registration and preliminary joint proxy statements in connection with the upcoming merger. NAYA has also announced that five new board directors have joined its leadership team effective January 1st, 2024. The additions to the board join...

Getty Realty Corp. Announces 2023 Dividend Tax Treatment

Written by Customer Service on January 17, 2024. Posted in Dividend Reports And Estimates.

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) — Getty Realty Corp. (NYSE: GTY) announced today the allocations of the Company’s 2023 dividend distributions on its common stock (CUSIP #374297109). The allocations as they will be reported on Form 1099-DIV are as follows: Ordinary Income Capital Gains Record DatePayable Date Total 2021 Distributions Per Share (1a + 2a + 3) Total (Box 1a) Total (Box 2a) Unrecapt’d Sec 1250 (Box 2b) Nondividend Distributions (Box 3) 12/22/2022 1/5/2023 $ 0.430000 $ 0.312621 $ – $ – $ 0.117379 3/23/2023 4/6/2023 $ 0.430000 $ 0.312621 $ – $ – $ 0.117379 6/22/2023 7/6/2023 $ 0.430000 $ 0.312621 $ – $ – $ 0.117379 9/28/2023 10/12/2023 $ 0.430000 $ 0.312621 $ – $ – $ 0.117379 Totals $ ...

Platinum Group Metals Market Size Worth USD 58.04 Billion in 2032 | Emergen Research

Written by Customer Service on January 17, 2024. Posted in Mergers And Acquisitions.

Rising demand for catalytic converters in the automotive industry is one of the major factors driving the global platinum group metals market revenue growth Vancouver, Jan. 17, 2024 (GLOBE NEWSWIRE) — The global platinum group metals market size was USD 39.40 Billion in 2022 and is expected to register a revenue CAGR of 4.0% during the forecast period, according to latest analysis by Emergen Research. Rising demand for jewelry, increasing purchase of electronic items, and growing adoption of catalytic converters for the automotive industry are some of the key factors driving the global platinum group metals market revenue growth. The Platinum Group Metals (PGMs) comprise the six transitional metal elements with similar properties in terms of chemistry, physics, and anatomy. These metals are heavily relied upon by different items...

Magnesium Oxide (MgO) Market Size Worth USD 8.48 Billion in 2032 | Emergen Research

Written by Customer Service on January 17, 2024. Posted in Mergers And Acquisitions.

Rising demand for MgO from the construction industry and rapid growth of the agricultural and healthcare sectors are key factors driving market revenue growth Vancouver, Jan. 17, 2024 (GLOBE NEWSWIRE) — The global Magnesium Oxide (MgO) market size was USD 5.02 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.5% during the forecast period. Rising demand for MgO from the construction industry and rapid growth of the agricultural and healthcare sectors are key factors driving market revenue growth.The use of MgO as a refractory material is essential for building high-temperature industrial buildings, such as kilns and furnaces, particularly in sectors including glass and steel fabrication. MgO plays a critical role in the creation of magnesium oxychloride cement, which is widely used in various building applications...

BullFrog AI’s Collaboration with Lieber Institute for Brain Development Yields Potentially Groundbreaking Biological Stratification of Brain Expression Data

Written by Customer Service on January 17, 2024. Posted in Public Companies.

GAITHERSBURG, Md., Jan. 17, 2024 (GLOBE NEWSWIRE) — BullFrog AI Holdings, Inc. (NASDAQ: BFRG; BFRGW) (“BullFrog AI” or the “Company”), a technology-enabled drug development company using artificial intelligence (AI) and machine learning to enable the successful development of pharmaceuticals and biologics, today announced early results from its collaboration with the Lieber Institute for Brain Development (LIBD) that could revolutionize the understanding and treatment of psychiatric disorders. The early findings from this global strategic partnership have successfully stratified brain expression data, offering what may turn out to be unprecedented insights into psychiatric conditions. “This collaboration marks a pivotal moment in psychiatric research,” said Vin Singh, CEO of BullFrog AI. “By employing our bfLEAP™ platform...

Day: January 17, 2024

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals