Day: August 1, 2024

BlockQuarry Corp. Unveils Strategic Shift Towards AI and HPC Integration for Enhanced Growth and Efficiency

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

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) — via IBN – BlockQuarry Corp. (OTC: BLQC), a leading Texas-based energy and infrastructure company, is thrilled to announce a significant strategic shift from Bitcoin mining to AI-driven data storage and high-performance computing (HPC). This transition aims to reduce operating costs, boost revenue, and maximize return on investment (ROI). The AI market is on a meteoric rise, projected to reach $190.61 billion by 2025. BlockQuarry is poised to leverage this explosive growth by pivoting to AI-driven data storage and HPC, thus optimizing operational efficiency and reducing energy consumption. The HPC market, set to reach $109.99 billion by 2032, offers immense opportunities driven by advances in computing power and demand across multiple sectors. “Our strategic shift towards AI and HPC is a...

Accredited Solutions to Meet With Outside Advisors Over the Weekend to Finalize Decision on Potential Reverse Stock Split

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

NEW YORK, NY, Aug. 01, 2024 (GLOBE NEWSWIRE) — Accredited Solutions, Inc. (OTC: ASII) (“Accredited Solutions” or the “Company”), the parent company of Diamond Creek Water, an ionized alkaline bottled water distributed in major grocery and convenience store chains, is considering a reverse stock split of its issued common stock. The company will be having a series of zoom meetings with outside financial and legal advisors over the course of the weekend to make a final decision over the option to execute a resolution to authorize and put into effect, a 500-to-1 reverse stock split. Sincerely,Eduardo Brito, CEO Relevant Links: https://www.diamondcreekwater.com Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not...

ViaDerma Finalizes Distribution Agreements in Dubai and Announces Six New Key Hires

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

LOS ANGELES, Aug. 01, 2024 (GLOBE NEWSWIRE) — ViaDerma, Inc. (OTC Pink: VDRM), a leader in innovative wound care solutions, proudly announces the successful completion of pivotal distribution agreements across the Middle East and Eastern Europe. Dr. Christopher Otiko, President of ViaDerma, recently returned from the United Arab Emirates, where he met with representatives from two leading distribution companies in Dubai and finalized agreements centered around ViaDerma’s flagship topical antibiotic product. These agreements are designed to significantly expand the company’s global market presence. The partner companies, known for their expertise in supplying wholesale products to private enterprises and government entities, will play a crucial role in enhancing the availability of Vitastem in these strategically important...

Sagimet Biosciences Announces Appointment of Anne Phillips and Jennifer Jarrett to its Board of Directors

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

SAN MATEO, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) — Sagimet Biosciences Inc. (Sagimet, Nasdaq: SGMT), a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors designed to target dysfunctional metabolic and fibrotic pathways, today announced the appointments of two biotechnology industry leaders, Anne Phillips and Jennifer Jarrett, to the board of directors of the Company, effective August 1, 2024. “We are thrilled to welcome Anne and Jennifer to our board as we prepare to start our Phase 3 clinical development of denifanstat in MASH this year,” said Dave Happel, CEO of Sagimet. “Their expertise will be critical as we advance denifanstat into late-stage development. With her deep experience in clinical, medical, and regulatory affairs and service on the boards of both numerous companies and...

Ocean Power Technologies Announces Patent Pending on Innovative Docking and Recharging Buoy Technology

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

MONROE TOWNSHIP, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the filing of a patent pending for its groundbreaking docking and recharging buoy technology, specifically designed for the Wave Adaptive Modular Vessel (WAM-V) Unmanned Surface Vehicle (USV). This advanced system has already been successfully demonstrated, showcasing its potential to revolutionize the operational efficiency of autonomous marine vessels. The patent-pending docking and recharging buoy technology represents a significant step forward in the capabilities of USVs, offering a reliable solution for extended missions and operations in remote ocean environments. This technology...

Aqua Metals to Announce Second Quarter 2024 Financial Results and Host Investor Conference Call on August 5, 2024

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

RENO, Nev., Aug. 01, 2024 (GLOBE NEWSWIRE) — Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, today announced it will report financial results for the second quarter ended June 30, 2024, and provide a business update after the market closes on Monday, August 5, 2024. Following the release, management will host a conference call that same day at 4:30 p.m. ET. The live conference call can be accessed at https://event.webcasts.com/aqms or from the investor relations section of the Company’s website at https://ir.aquametals.com/. Alternatively, interested parties can access the audio call by dialing 877-407-9708 (toll-free) or 201-689-8259 (international). Following the conclusion of the live event, a replay will be available by dialing 877-660-6853 (toll-free) or 201-612-7415 (international)...

Standard Lithium Announces Leadership Transition for Strategic Growth and Next Steps in Value Creation

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

Positioning Standard Lithium for Next Phase of Corporate Growth VANCOUVER, British Columbia, Aug. 01, 2024 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, today announced a leadership transition that aligns with the Company’s growth strategy and next steps in value creation. Effective September 1, 2024, Robert Mintak will retire as Chief Executive Officer and remain engaged as an advisor through August 2025. David Park will assume the position of Chief Executive Officer effective September 1, 2024. Over the past year, David Park has been actively engaged with Standard Lithium as a strategic advisor, working closely with the senior management team. His deep understanding of the Company’s vision...

Vericel Reports Second Quarter 2024 Financial Results

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

Total Revenue of $52.7 Million, with MACI Revenue Growth of 21% to $44.1 Million NexoBrid Revenue Growth of 76% Over Prior Quarter Gross Margin of 70% and Adjusted EBITDA Growth of 42% Full-Year Profitability Guidance Raised to 71% Gross Margin and 21% Adjusted EBITDA Margin Conference Call Today at 8:30am Eastern Time CAMBRIDGE, Mass., Aug. 01, 2024 (GLOBE NEWSWIRE) — Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today reported financial results and business highlights for the second quarter ended June 30, 2024. Second Quarter 2024 Financial HighlightsTotal net revenue of $52.7 million MACI® net revenue growth of 21% to $44.1 million Burn Care net revenue of $8.5 million, consisting of $7.8 million of Epicel® revenue and $0.8 million of NexoBrid® revenue Gross...

Stack Capital Group Inc. Reports Q2-24 Financial Results

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (“Stack Capital” or the “Company”) (TSX:STCK) today announced its financial results for the quarter ended June 30, 2024. Stack Capital reports all amounts in Canadian Dollars unless otherwise stated. Company Commentary:As at June 30, 2024, Book Value per Share (BVpS) of the Company was $11.24, compared with $11.03 as at March 31, 2024.SpaceX announced a tender with a valuation of US$210 billion or US$112 per share, which resulted in a fair value increase of $1.7 million or $0.18 per share for Stack Capital.The Company invested $2.1 million (US$1.5 million) into Defence AI LP, a wholly owned special purpose vehicle, which holds a hybrid debt and equity investment in a military defence company, which entitles Stack Capital to annual interest and the underlying...

Allegro MicroSystems Reports First Quarter 2025 Results

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

– Sales of $167 Million Above Mid-point of Our Outlook –– Made $50 Million Voluntary Debt Repayment – – Announced Repurchase of 39 Million Shares From Majority Shareholder – MANCHESTER, N.H., Aug. 01, 2024 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its first quarter ended June 28, 2024. “We delivered results toward the higher end of our commitments while making progress on inventory rebalancing across the Automotive and Industrial markets. First quarter sales were $167 million, above the midpoint of our outlook, and non-GAAP EPS was $0.03, at the high end of our outlook,” said Vineet Nargolwala, President and CEO of Allegro. “In...

Day: August 1, 2024

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