July 1, 2024 – Page 5 – Goldea Capital

GlobalFoundries Acquires Tagore Technology’s GaN Technology to Accelerate Disruptive Power Management Solutions

Written by Customer Service on July 1, 2024. Posted in Mergers And Acquisitions.

Technology acquisition expands GF’s power management solutions and differentiated roadmap MALTA, N.Y., July 01, 2024 (GLOBE NEWSWIRE) — GlobalFoundries (Nasdaq: GFS) (GF) today announced that it has acquired Tagore Technology’s proprietary and production proven Power Gallium Nitride (GaN) IP portfolio, a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter. As the digital world continues to evolve with technologies like Generative AI, GaN stands out as a pivotal solution for sustainable and efficient power management particularly in datacenters. Today’s announcement reinforces GF’s commitment to large-scale manufacturing of GaN technology that offers a suite of benefits to...

Electric Car Market Set for 24.6% CAGR Surge, Reaching USD 2258.12 Billion by 2031 | SkyQuest Technology

Written by Customer Service on July 1, 2024. Posted in Mergers And Acquisitions.

Westford, July 01, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global electric car market will attain a value of USD 2258.12 billion by 2031, with a CAGR of 24.6% during the forecast period (2024-2031). The market for electric cars has been growing rather fast due to progress in technology, augmented concern for the environment, and actively stimulating policies. The growing concerns related to the increasing carbon footprint, greenhouse gas emission through the usage of conventional cars and growing awareness for the sustainable lifestyle among the consumers as well as the business that has fueled the market expansion. Various governmental support and policies have further accelerated the market’s growth. Download a detailed overview: https://www.skyquestt.com/sample-request/electric-car-market Browse in-depth TOC on “Electric...

UFP Technologies Acquires AJR Enterprises

Written by Customer Service on July 1, 2024. Posted in Mergers And Acquisitions.

NEWBURYPORT, Mass., July 01, 2024 (GLOBE NEWSWIRE) — UFP Technologies, Inc. (Nasdaq: UFPT), a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products, today announced the acquisition of AJR Enterprises, LLC. Headquartered in St. Charles, Illinois, with additional manufacturing in the Dominican Republic, AJR Enterprises develops and manufactures single use safe patient handling systems. “We are very excited to add AJR Enterprises’ capabilities to our patient surfaces portfolio,” said R. Jeffrey Bailly, chairman and CEO of UFP Technologies. “Patient surfaces and transfer devices are a growing market due in part to government guidelines and legislation around safe patient handling. AJR’s ‘cut and sew’ manufacturing services and specialty fabrics...

Merit Medical Announces Asset Purchase Agreement with EndoGastric Solutions, Inc.®

Written by Customer Service on July 1, 2024. Posted in Mergers And Acquisitions.

Asset acquisition expands Merit’s endoscopy portfolio with a minimally invasive solution for patients suffering from chronic gastroesophageal reflux disease (GERD). Asset acquisition projected to add approximately $30 million of revenue, on an annualized basis, in key gastrointestinal endoscopy market that leverages existing commercial footprint. Merit reaffirms full-year 2024 financial guidance on standalone basis and updates full-year 2024 financial guidance to include projected partial-year impact from this acquisition. SOUTH JORDAN, Utah, July 01, 2024 (GLOBE NEWSWIRE) — Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced it has executed an asset purchase agreement with EndoGastric Solutions, Inc. for a total cash consideration of approximately $105 million. EndoGastric...

Oliveda International, Inc. Announces 3,000% Quarterly Revenue Growth for Olive Tree People Subsidiary and Its Waterless Beauty Movement

Written by Customer Service on July 1, 2024. Posted in Public Companies.

In addition to the year-over-year quarterly revenue growth, the company expects to reach 50,000 waterless beauty consultants and more than $100 million revenue in its second year in the U.S. SANTA MONICA, CA, July 01, 2024 (GLOBE NEWSWIRE) — Oliveda International, Inc. (OTC Pink: OLVI) today announced that revenues for its Olive Tree People subsidiary and its waterless beauty movement grew almost 3,000% in the second quarter of 2024 over the same period in 2023 and more than 147% over the first quarter of 2024. Founder and CEO Thomas Lommel commented, “The future of beauty is waterless, and the waterless beauty movement will change the beauty industry over the next two to five years. In our second year in United States, we are projected to reach more than 50,000 waterless beauty consultants and more than $100 million in revenue. “Why...

Wearable Devices Successfully Demonstrated First Level Integration of Mudra Technology with Qualcomm Snapdragon Spaces

Written by Customer Service on July 1, 2024. Posted in Public Companies.

The Integration solves major camera-based hand tracking limitations such as accuracy, power and field of view , which are critical for mass adoption of Augmented and Virtual Reality YOKNEAM ILLIT, ISRAEL, July 01, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, announced the successful completion of its first phase of integration with Qualcomm’s Snapdragon Spaces™, extended reality (XR) Developer Platform. This milestone follows the collaboration agreement announced earlier this year, marking a significant moment in the XR industry through innovative gesture-based control. The successful completion of this integration stage, previously announced,...

NewtekOne, Inc. to Report Second Quarter 2024 Financial Results on Monday, August 5, 2024 After the Market Closes

Written by Customer Service on July 1, 2024. Posted in Public Companies.

BOCA RATON, Fla., July 01, 2024 (GLOBE NEWSWIRE) — NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its second quarter 2024 financial results after the market closes on Monday, August 5, 2024. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer and M. Scott Price, Chief Financial Officer, the following day, Tuesday, August 6, 2024 at 8:30 am ET. Please note, to receive a dial-in number for the conference call or to listen to the webcast, interested participants are encouraged to pre-register online at NewtekOne Second Quarter 2024 Financial Results beginning today and up until 15 minutes prior to the start of the August 6, 2024 conference call in order to reserve a listening position on the call. The corresponding earnings presentation will be available...

GRI Bio to Present at the 8th Annual IPF Summit

Written by Customer Service on July 1, 2024. Posted in Public Companies.

LA JOLLA, CA, July 01, 2024 (GLOBE NEWSWIRE) — GRI Bio, Inc. (NASDAQ: GRI) (“GRI Bio” or the “Company”), a biotechnology company advancing an innovative pipeline of Natural Killer T (“NKT”) cell modulators for the treatment of inflammatory, fibrotic and autoimmune diseases, today announced that Vipin Kumar Chaturvedi, PhD, Chief Scientific Officer of GRI Bio, will present at the 8th Annual IPF Summit taking place August 20-22, 2024 in Boston, MA. Details of the presentation are as follows: Title: Examining the Underlying Mechanism & Patients Subject to the Therapeutic Potential of NK T-Cell TargetingPresenter: Vipin Kumar Chaturvedi, PhD, Chief Scientific Officer of GRI BioSession: Exploring the Clinical Promise of Emerging Modalities & Targets from NK T-Cells to ADCs, Small RNA Inhibitors, Nanotechnology for Fibrosis...

180 Degree Capital Corp. Notes Opportunistic and Discounted Retirement of Preferred Stock and Repurchase of Notes by its Portfolio Company Synchronoss Technologies, Inc. (SNCR)

Written by Customer Service on July 1, 2024. Posted in Public Companies.

MONTCLAIR, N.J., July 01, 2024 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ: TURN) (“180 Degree Capital”) noted today the announcement by its portfolio company, Synchronoss Technologies, Inc. (SNCR), that SNCR has opportunistically retired at discounted prices its outstanding Series B Preferred Stock and $19.7 million of its outstanding 8.375% Senior Notes due 2026 (“Senior Notes”) funded by a new $75.0 million term loan with alternative credit manager, AS Birch Grove. SNCR reported that the combined transactions are expected to result in a $7.3 million improvement to its capital structure plus approximately $10.6 million in pre-tax cost savings. The announcement can be viewed at https://synchronosstechnologiesinc.gcs-web.com/news-releases/news-release-details/synchronoss-technologies-significantly-improves-capital. “We...

Airship AI Added to Russell 3000®, Russell 2000® and Russell Microcap® Indexes

Written by Customer Service on July 1, 2024. Posted in Public Companies.

REDMOND, Wash., July 01, 2024 (GLOBE NEWSWIRE) — Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the “Company”), a leader in AI-driven video, sensor, and data management surveillance solutions, today announced that it has been added to the broad-market Russell 3000® effective after the U.S. market close on June 28, 2024 as part of FTSE Russell’s annual reconstitution. “Our inclusion in the Russell Indexes is an important milestone and testament to the Company’s compelling and growing potential in the enterprise AI software, hardware, and services space,” said Paul Allen, President of Airship AI. “We have made unparalleled progress in the last twelve months with our vision to provide a fully integrated ecosystem of AI driven solutions, enabling customers in law enforcement, defense and intelligence, logistic, and...

Day: July 1, 2024

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