Day: June 20, 2024

Cronos Group Announces Expansion of GrowCo to Fuel Global Growth

Written by Customer Service on . Posted in Public Companies.

TORONTO, June 20, 2024 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”), an innovative global cannabinoid company, announced an expansion of Cronos Growing Company (“GrowCo”). GrowCo is a leading cannabis cultivation company that Cronos owns 50% of. The investment will be funded by an additional credit facility provided by Cronos and is intended to assist GrowCo’s expansion of its purpose-built cannabis facility to address the increased global market demand for high-quality cannabis flower. Key Highlights of the Investment: Investment in Expansion: Cronos will provide an approximately $51 million ($70 million CAD) secured non-revolving credit facility to GrowCo to fund facility expansion, enabling growth opportunities in the markets Cronos operates in today as well as enabling future...

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Kandi Launches Ultra-High Capacity AA Battery in the U.S.

Written by Customer Service on . Posted in Public Companies.

Revolutionizing Power Solutions with Exceptional Longevity, Efficiency, and Compatibility JINHUA, CHINA, June 20, 2024 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leader in all-electric personal transportation and utility vehicles and a pioneer in battery technology innovation and manufacturing, today announced the launch of its new AA battery, now available for sale in the United States. Designed to meet the growing demand for reliable and long-lasting power solutions, Kandi’s AA battery offers unparalleled energy capacity, quick charging capabilities, and wide device compatibility. With an impressive 2700 mWh energy capacity, 1500 recharging cycles, and minimal power loss, these batteries are engineered to last, saving consumers money and reducing waste. The quick and...

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Silvaco Reports First Quarter 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Quarterly revenue of $15.9 million up 27% sequentially and 11% year-over-year SANTA CLARA, Calif., June 20, 2024 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO, “Silvaco” or the “Company”), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced its first quarter 2024 results. “Having successfully completed our IPO on May 13th, we are excited to embark on our journey as a public company,” said Babak Taheri, Silvaco’s Chief Executive Officer. Dr. Taheri continued, “I am pleased with our first quarter results which were driven by strong demand for our TCAD and EDA products across various sectors. With our proven software platform, we continue to capitalize on organic growth opportunities and customer investments across...

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Bryan Herta Autosport Partners with ABM to Showcase EV Capabilities at Pikes Peak International Hill Climb

Written by Customer Service on . Posted in Public Companies.

Top American auto racing team taps ABM’s EV charging solutions to power ambitions for record-breaking run COLORADO SPRINGS, Colo., June 20, 2024 (GLOBE NEWSWIRE) — Bryan Herta Autosport (“BHA”) will drive Hyundai IONIQ 5 N TA Spec and production vehicles as part of an all-electric effort at the 102nd running of the Pikes Peak International Hill Climb in Colorado Springs, CO, and is partnering with electric vehicle (“EV”) charging solutions leader ABM (NYSE: ABM) for on-site fast charging. BHA is targeting Electric Production SUV/Crossover and Electric Modified SUV/Crossover records at the legendary course. At the Pikes Peak International Hill Climb, the BHA team will drive a Hyundai IONIQ 5 N and two Hyundai IONIQ 5 N TA Spec vehicles for the ascent along a grueling 12.42-mile course that climbs over 4,700 feet to the 14,115-foot-high...

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Mobivity and Paytronix Partnership Seamlessly Powers Connected Rewards™ Programs to Drive Loyalty Growth and Digital Engagement

Written by Customer Service on . Posted in Public Companies.

Joint Marketing Effort and Deep Technical Integration Unlocks New Capabilities, Giving Brands New Ways to Increase Traffic, Engagement, and Loyalty Program Utilization PHOENIX and NEWTON, Mass., June 20, 2024 (GLOBE NEWSWIRE) — Mobivity Holdings Corp. (OTCQB: MFON), a provider of technology connecting mobile gaming audiences to real-world brands and offers, announced today a strategic partnership and technical integration with Paytronix, the leading provider of loyalty and guest engagement solutions. This partnership expands capabilities for Paytronix customers, giving their vast network of brick-and-mortar brands new ways to increase loyalty program utilization and drive higher engagement of current and lapsed customers through Connected Rewards programs. Once connected, users will seamlessly receive loyalty points for downloading...

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BioVie to Present Protocol Design for Upcoming Phase 2 Trial of Bezisterim in Patients with Early Parkinson’s Disease at 2024 ATMRD Congress

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Additional presentation will further characterize the potential impact of bezisterim on motor and specific non-motor symptoms of Parkinson’s disease CARSON CITY, Nev., June 20, 2024 (GLOBE NEWSWIRE) — BioVie Inc., (NASDAQ: BIVI) (“BioVie” or the “Company”) a clinical-stage company developing innovative drug therapies for the treatment of neurological and neurodegenerative disorders and advanced liver disease, today announced two poster presentations at the Advanced Therapeutics in Movement and Related Disorders Congress® (ATMRD Congress) being held June 21-25, 2024 in Washington, D.C. The presentation Assessment of Bezisterim (NE3107) in Patients with Early Parkinson’s Disease: A Phase 2, Placebo-Controlled Study will outline the study protocol of the Company’s upcoming Phase 2 trial evaluating bezisterim people with Parkinson’s...

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Inspired Entertainment and William Hill Extend Long-Term Partnership

Written by Customer Service on . Posted in Public Companies.

William Hill to Supply 5,000 Vantage® Cabinets in UK LBO locations NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) — Inspired Entertainment, Inc. (NASDAQ: INSE) (“Inspired” or the “Company”), a leading B2B provider of gaming content, technology, hardware and services, today announced that it entered a six-year extension of its long-term partnership agreement with William Hill, the iconic sports betting and gaming brand operating approximately 1,300 betting shops in the United Kingdom. William Hill is a principal brand within evoke plc (LSE: EVOK), a global betting and gaming company. Under the agreement, Inspired will continue to be the exclusive provider of fully integrated managed services for William Hill’s entire UK estate of gaming terminals. Services include installation and remote and field technology support as well as content...

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Microchip Adds Military-Standard Enhanced Low Dose Radiation Sensitivity (ELDRS) Qualification to Its Portfolio of Small-Signal Bipolar Junction Transistors to Ensure High Reliability for Critical Applications

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The Joint Army Navy (JAN) transistors tested up to 100 Krad at 10 mrad per second CHANDLER, Ariz., June 20, 2024 (GLOBE NEWSWIRE) — In the United States, the Defense Logistics Agency (DLA) manages the global defense supply chain and works with suppliers to ensure high reliability of all the components that go into an end application. Integral to the manufacturing process of components designed for military applications are rigorous tests and compliance standards that must be met to make it on the Quality Products List (QPL), which guarantees a certain level of reliability and streamlines the procurement process. As a leading supplier to the aerospace and defense market, Microchip Technology (Nasdaq: MCHP) announces its portfolio of JAN transistors is now tested and qualified to Military-Standard Enhanced Low Dose Radiation Sensitivity...

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Majority of Companies (72%) Admit to Not Having Comprehensive Plans in Place Before Layoffs, According to New Fiverr Research

Written by Customer Service on . Posted in Public Companies.

New technology and AI along with irrelevant skills were top reasons employees were laid off according to the report Layoffs: In the Boardroom with Decision Makers Majority of Companies (72%) Admit to Not Having Comprehensive Plans in Place Before Layoffs, According to New Fiverr Research New technology and AI along with irrelevant skills were top reasons employees were laid off according to the report Layoffs: In the Boardroom with Decision Makers NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) — To help both companies and employees navigate the complexities of work during a time of mass layoffs, today, Fiverr (NYSE: FVRR) released new research aimed at identifying what managers were considering during and after recent layoffs and how they are supporting teams in the aftermath. In the first quarter of 2024 alone, 250,000+ employees...

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Recce Pharmaceuticals Announces Addition of RECCE® 327 to The World Health Organization’s List of Antibacterial Products in Clinical Development

Written by Customer Service on . Posted in Public Companies.

Inclusion underscores significance of RECCE® 327 (R327) in combating antimicrobial resistance and its potential to treat broad range of life-threatening and resistant bacteria SYDNEY, June 20, 2024 (GLOBE NEWSWIRE) — Recce Pharmaceuticals Ltd (ASX: RCE, FSE: R9Q) (the Company), the Company developing a new class of synthetic anti-infectives, today announced its primary anti-infective candidate, RECCE® 327 (R327), has been added to the World Health Organization’s (WHO) list of Antibacterial Agents in Clinical Development and Preclinical Development. “We are pleased that R327 has been included in the list of antibacterial products aimed at tackling the urgent global health threat posed by antibiotic resistance,” said James Graham, Chief Executive Officer of Recce Pharmaceuticals. “There is a demand for new antibiotic therapies, and...

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