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Month: July 2024

ETC Announces Fiscal 2025 First Quarter Results

SOUTHAMPTON, Pa., July 18, 2024 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended May 24, 2024 (the “2025 first fiscal quarter”). Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “We are pleased with the 76% increase in ETC sales vs. prior year driven by a 116% increase in sales of Aircrew Training Solutions vs. prior year and a 91% increase in sales vs. prior year within our Sterilizer Systems business. As a result of the strong bookings in the first quarter of fiscal 2025, ETC finished the quarter with a record backlog of approximately $114 million, which we anticipate will continue to drive increases in production, sales and profitability over the next 2-years.” Fiscal 2025 First Quarter...

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SharpLink Gaming Announces Strategic Alternatives Process

Company Leadership Committed to Maximizing Shareholder Value Through Evaluation of Multiple Proposals MINNEAPOLIS, July 18, 2024 (GLOBE NEWSWIRE) — SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced that its Board of Directors (“Board”) has initiated a formal review process to evaluate strategic alternatives for the Company. The Board and management team are taking a measured approach to considering multiple proposals that have been received by the Company and other proposals it expects to receive. SharpLink has been exploring strategic alternatives that include, but are not limited to, a sale, merger, strategic business combination or other transaction. SharpLink has not set a deadline or definitive...

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Lucas GC and 4Paradigm Signed Strategic Cooperation Agreement to Develop Artificial Intelligence Training Program

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company whose technologies have been applied in the human resources, insurance and wealth management industry verticals, announced today that it has signed a strategic cooperation agreement with Beijing Fourth Paradigm Technology Co., Limited to develop Artificial Intelligence training programs. The two companies will work together to develop training courses in artificial intelligence, machine learning, and big data analytics. Artificial intelligence (AI) technologies, driven by big data, are fueling the Fourth Industrial Revolution representing a fundamental change globally in the way people live, work and relate to one another. The demand...

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Nexalin Technology Selected to Join Industry Coalition: Breaking Barriers to Substance Use Recovery

‘Breaking Barriers’ Coalition Formed to Address Opioid Use Disorder in the USA Nexalin CEO Mark White Participates in Inaugural Meeting HOUSTON, TX, July 18, 2024 (GLOBE NEWSWIRE) — Nexalin Technology, Inc. (Nasdaq: NXL; NXLIW) (the “Company” or “Nexalin”) today announced that it has been selected to serve as a founding member of Breaking Barriers to Substance Use Recovery, a coalition of major industry participants and preeminent healthcare providers. Established as a tax-exempt organization, Breaking Barriers to Substance Use Recovery is focused on identifying and dismantling the obstacles to effective treatment for opioid use disorder. Breaking Barriers to Substance Use Recovery brings together bringing together a broad cross section of leaders in the medical and science and technology industries to develop and formulate pioneering...

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Bridgeline’s CEO, Ari Kahn, Named in Most Innovative Leaders to Watch in 2024

WOBURN, Mass., July 18, 2024 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a global leader in AI-powered marketing technology, announces that its CEO, Ari Kahn, has been recognized as one of the most innovative leaders to watch in 2024 by Biztech Outlook. Biztech Outlook recognized Kahn as an “AI Pioneer” in a list of the most innovative leaders of 2024. The publication described Bridgeline’s efforts to transform online revenue for customers through HawkSearch’s new Smart Search, which boosts eCommerce sales through concept and visual search. Kahn, with a PhD in Artificial Intelligence, uses his expertise to keep Bridgeline at the cutting edge of AI technology. “Smart Search exemplifies our AI innovation,” said Ari Kahn. “Being recognized as an AI pioneer and an innovative leader is not just a personal...

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SPZI: JP 3E Holdings, Inc. Acquires $37,460,000 Appraised Value, 510 Hamilton Real Estate

On Track to generate $2,430,000 rental income for 2024 NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) — JP 3E Holdings, Inc. (OTC: SPZI), formerly known as Spooz, Inc. is excited to announce the addition of our first of several real estate purchases, which falls into the education/real estate platform of JP3E’s three “E’s” platform strategy of combining education, eating and energy under JP3E. The 510 Hamilton Real Estate property was acquired through a signed Membership Interest Purchase Agreement with Hamilton Street Associates, LLC, and was appraised by A.F. Lama Realty Services, Inc. at $37,460,000 with $14,300,000 equity. The 510 Hamilton property is cash flow positive and currently generates approximately $200,000 in monthly income and is on track to generate $2,430,000 annual rental income for 2024. JP3E acquired 510 Hamilton...

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Microbot Medical Completes the Enrollment of Clinical Sites in Its Pivotal Human Clinical Trial with the Addition of Memorial Sloan Kettering Cancer Center

As the third and final clinical site, Memorial Sloan Kettering Cancer Center joins Brigham Women’s Hospital and Baptist Hospital of Miami as sites for the pivotal human clinical trial BRAINTREE, Mass., July 18, 2024 (GLOBE NEWSWIRE) — Microbot Medical Inc. (Nasdaq: MBOT), developer of the innovative LIBERTY® Endovascular Robotic Surgical System, today announces it has received Institutional Review Board (IRB) approval and signed a clinical trial agreement with Memorial Sloan Kettering Cancer Center, located in New York City, New York. Memorial Sloan Kettering Cancer Center will conduct the clinical trial as part of the Investigational Device Exemption (“IDE”) for LIBERTY®, and the Company expects its results will support the future marketing submission to the FDA and subsequent commercialization. The clinical trial at Memorial...

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Intuitive Machines Finalizes Landing Site for Sold-out IM-2 Lunar Prospecting Mission

HOUSTON, July 18, 2024 (GLOBE NEWSWIRE) — Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) (“Company”), a leading space exploration, infrastructure, and services company, has finalized the IM-2 mission landing region ahead of its sold-out IM-2 mission. The IM-2 mission is designed to prospect for water ice and other volatiles on the Moon’s south pole, which requires a landing site that supports the high probability of ice stability within one meter of the lunar surface. Working with NASA, Intuitive Machines selected a 200-meter diameter elliptical region on the Shackleton Connecting Ridge with favorable terrain, Earth communications position, and solar angles for power generation. To align with the landing site’s solar power conditions, the mission must be timed between November 2024 and January 2025, IM-2...

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Autonomix Medical, Inc. (NASDAQ: AMIX) Participates in Virtual Investor “What This Means” Segment Covering Technology License Agreement

Brad Hauser, Chief Executive Officer of Autonomix, discusses the Company’s agreement to license FDA-cleared ablation technology from RF Innovations, Inc. THE WOODLANDS, TX, July 18, 2024 (GLOBE NEWSWIRE) — Autonomix Medical, Inc. (NASDAQ: AMIX) (“Autonomix” or the “Company”), a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated, today announced that it recently participated in a Virtual Investor “What This Means” segment. For the segment, Brad Hauser, Chief Executive Officer of Autonomix, discussed the Company’s recently announced definitive agreement with RF Innovations, Inc., a privately held medical technology company, to license the intellectual property underlying its Apex 6 Radiofrequency Generator and what this agreement...

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Scorpius Holdings Successfully Executes First cGMP Microbial Batches at San Antonio Facility

Company poised to execute additional cGMP activities throughout the remainder of the year DURHAM, N.C., July 18, 2024 (GLOBE NEWSWIRE) — Scorpius Holdings, Inc (NYSE American: SCPX), (“Scorpius” or the “Company”), an integrated contract development and manufacturing organization (CDMO), today announced the successful execution of its first current Good Manufacturing Practice (cGMP) microbial batches at its San Antonio manufacturing facility. This significant milestone marks the beginning of Scorpius’ support for manufacturing programs through clinical manufacturing, with aspirations for future commercial activities. Scorpius’ facilities have already attracted significant interest, resulting in a substantial backlog of client program bookings. This achievement underscores Scorpius’ ability to meet the stringent regulatory...

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