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Year: 2024

Arqit Quantum Inc. Announces Financial and Operational Results for the Fiscal Year 2024

$293,000 in revenue generated for the full fiscal year Signed seven figure multi-year SKA-PlatformTM enterprise license contract Commence fiscal year 2025 with annual recurring revenue backlog Cash position of $18.7 million at the end of the period LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit” or the “Company”), a leader in quantum safe encryption, today announced its operational and financial results for the fiscal year ended 30 September 2024. Operational Highlights for fiscal year 2024Arqit reported revenue of $293,000 for the fiscal year. The company executed on contracts during the period for 13 customers. Most contracts were limited licenses for demonstration and integration testing of Arqit’s symmetric key agreement software. Arqit saw an increase in the number of customers...

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Navitas Showcases Breakthroughs in GaN and SiC Technologies for AI Data Centers, EVs, and Mobile Applications at CES 2025

TORRANCE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) — Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, has announced it will showcase several breakthroughs for AI data centers, EVs, and mobile technology at CES 2025 (Tech West, Venetian suite 29-335, January 7th – 10th). Navitas was recently acknowledged as the Top 500 fastest-growing technology company, by Deloitte’s Technology Fast 500™, for the third consecutive year.The “Planet Navitas” suite will showcase the company’s mission to ‘Electrify our World™’ by advancing the transition from legacy silicon to next-generation, clean energy, GaN and SiC power semiconductors. These technologies are designed for high growth...

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Prenetics’ IM8 and University of Oxford Begin Groundbreaking Space Experiment to Study Accelerated Aging and Longevity on the ISS with SpaceX, Supported by Space Applications Services

Mission Launched via SpaceX CRS-31; Experiment Now Underway on the ISS Collaboration Aims to Enhance Healthspan on Earth and Improve Astronaut Health in Space IM8, a new premium supplements brand launched officially on November 18th on IM8health.comCHARLOTTE, N.C., Dec. 05, 2024 (GLOBE NEWSWIRE) — Prenetics’ IM8 is excited to announce that its groundbreaking month-long space experiment, in partnership with the University of Oxford and supported by Space Applications Services and Metavisionaries, is now underway aboard the International Space Station (ISS). Launched via SpaceX CRS-31 on November 4th at 9:29 pm EST, the mission aims to study accelerated aging and longevity by leveraging microgravity’s unique environment to accelerate aging processes at the cellular level. Dr. Jim Green, former Chief Scientist of NASA and...

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First Tap-to-Authenticate Report Released by PYMNTS Intelligence and Arculus by CompoSecure, Highlighting Top Security Concerns for Financial Institutions

87 percent of financial institutions report a rise in stolen credentials as fraud cases surge, according to new survey SOMERSET, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) — CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, released the industry’s first tap-to- authenticate report in collaboration with PYMNTS Intelligence, a leading payments analyst organization. The report identified the top security challenges facing financial institutions (FIs), reporting that 87% of financial institutions saw a rise in stolen credentials as fraud cases surge. “The PYMNTS Intelligence report underscores that the time for decisive action is now, with nearly 70% of FIs recognizing the urgent need for improved security measures,” said Adam Lowe, Chief Product and Innovation Officer at CompoSecure....

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NETSOL China President Receives Two Awards Recognizing Excellence in Finance and Leasing

ENCINO, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) — NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, today announced that Amanda Li Linjie, President of NETSOL China, has received two prestigious awards recognizing outstanding performance in the Chinese finance and leasing industry. On November 22, Ms. Li Linjie was honored with the Automotive Finance New Productivity Innovation Pioneer Award at the China Auto Finance and Industry Development Competitiveness Forum 2024 held in Shanghai. This important recognition highlights the outstanding contributions made by Ms. Li Linjie and NETSOL China to the innovation of China’s automotive finance industry, of which NETSOL possesses 75% market share. On November 29, NETSOL participated in the China Leasing Business Association’s (CLBA)...

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VPG Appoints Nava Swersky Sofer as New Independent Director

MALVERN, Pa., Dec. 05, 2024 (GLOBE NEWSWIRE) — Vishay Precision Group, Inc. (NYSE: VPG), a leading producer of precision measurement and sensing technologies, today announced the appointment of Nava Swersky Sofer as an independent member to its Board of Directors, effective immediately. Saul Reibstein, Chairman of the Board of Vishay Precision Group, said, “We are pleased to have Nava join our board. As an entrepreneur and expert board director in the fields of technology and innovation across a broad range of industries, she brings valuable experience, perspective and expertise to VPG.” Ms. Sofer is a globally recognized strategic consultant, venture capitalist and thought leader specializing in innovation and technology commercialization. Since 2009, Ms. Sofer has lectured on innovation and entrepreneurship at major universities...

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HawkSearch Introduces GenAI Smart Facets

WOBURN, Mass., Dec. 05, 2024 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of AI-driven marketing technology, has launched Smart Facets, the latest feature in HawkSearch’s Smart Response product line. Powered by Generative AI, Smart Facets automatically selects relevant facets in response to natural language searches. Smart Facets adds to the current list of Smart Response options offered by HawkSearch including Conversational Search and Smart Summary. Smart Facets transforms the search experience by seamlessly integrating with Concept Search, enabling users to ask detailed, context-rich questions. For example, a query like “Which conduit fittings are between ½ and ¾ inches in either grey or black color and cost less than $5?” is analyzed by Generative AI, which applies the appropriate facets to deliver...

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Heritage Distilling Co. Expands into Kentucky with Keg 1 River City

Award-winning brands from the Pacific Northwest’s leading craft spirits company now available in Bourbon Country GIG HARBOR, Wash., Dec. 05, 2024 (GLOBE NEWSWIRE) — Heritage Distilling Company, Inc. (“HDC” or “Heritage”) (Nasdaq: CASK), a leading craft distiller of innovative premium brands, is expanding into the Kentucky market in partnership with Keg 1 River City, the leading distributor of beer, wine and spirits in Kentucky. Heritage’s exceptional suite of spirits now offered in Kentucky includes: Cocoa Bomb, Salute Series’ D-Day Land, Air and Sea, and ARMY Special Operations Forces Whiskey, at select on-premise and off-premise retailers throughout Kentucky. Created in November 2023, the Salute Series is a super-premium whiskey collection dedicated to honoring, celebrating, and raising funds for organizations supporting U.S....

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Autonomix Medical, Inc. Achieves Design Lock for RF Ablation Catheter Following Successful Completion of Animal Testing, Continuing Progress Toward a U.S. Pivotal Trial in 2025

First-in-class catheter-based sensing technology designed to sense neuronal signals that indicate pain or disease and destroy those nerves at the source Company expects to submit an Investigational Device Exemption (“IDE”), and if approved, will commence a pivotal clinical trial to support a De Novo application for FDA approval THE WOODLANDS, TX, Dec. 05, 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 the milestone achievement of design lock for its radio frequency (“RF”) ablation catheter specifically designed to ablate nerves transvascularly in targeted areas following the successful completion of animal testing. “There...

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Worksport (WKSP) To Adopt Cryptocurrency, Bitcoin and XRP for Corporate Treasury

Company to Convert Interest Earnings to Cryptocurrency, Allocate Up to 10% of Excess Operational Cash, and Enable Crypto Transactions on Worksport.com West Seneca, New York, Dec. 05, 2024 (GLOBE NEWSWIRE) — Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced a significant advancement in its corporate treasury strategy by taking initial steps to adopt the cryptocurrencies BTC (Bitcoin) and XRP (Ripple). Under the initial resolution of this strategy, the Worksport Board of Directors has approved the purchase of up to $5 million in Bitcoin and XRP, limited to a maximum of 10% of excess operational cash. This strategic move is intended to enhance transaction efficiency...

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