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Year: 2024

VivoPower’s Caret Digital to activate Dogecoin mining operations, with revenue and profitable cashflow generation by early January 2025

Caret Digital has selected renewable-powered hosting facilities in Wisconsin and Oregon with an initial fleet ramping up to 1,000 Antminer L9s to be activated  Annualised revenue potential of up to US$25m based on current Dogecoin prices, with annualised cash EBITDA of up to US$12m Dogecoin mining is consistent with Caret Digital’s Power-to-X strategy that seeks to activate the highest and best use cases for renewable power capacity Economics of Dogecoin mining have improved markedly with an estimated payback period of 9-12 months (depending on power costs and based on current market values) Caret Digital has secured non-dilutive financing to fund the acquisition of the Antminer L9s and will deploy the fleet on a staged basis LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) — VivoPower (“the Company”) announced today that its wholly owned...

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ZenaTech Plans to Disrupt the Land Survey Industry With Drones, Signs LOI for Land Survey Company Acquisition

TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces today that it has signed an LOI (Letter of Intent) to acquire its first land survey company, part of a larger roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed, accuracy and innovation benefits. The signed agreement is with a US company, which will form the base of the DaaS (Drone-as-a-Service) business in the Southeast US region. “This is a crucial step in the establishment of our DaaS strategy, which includes the disruption of an established land survey business ecosystem. We have a unique opportunity to significantly disrupt the...

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Steam Turbine Market to Propel Growth at USD 20.32 Billion by 2031

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global steam turbine market will attain a value of USD 20.32 Billion by 2031, with a CAGR of 2.5% during the forecast period (2024-2031). The global steam turbine market will witness substantial growth in the forecast period owing to high energy demand coupled with constant investments for capacity expansions. Steam turbines are machines that capture steam thermal energy onto a rotating output shaft and transform it to mechanical work. Also, the rapid expansion of marine excavation will greatly influence the steam the growth of steam turbine market size. Future growth of global steam turbine market will be due to the necessity to minimize energy demand and supply gaps, as well as current development in thermal power projects. Rising economic and environmental...

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America’s Car-Mart Reports Second Quarter Fiscal Year 2025 Results

ROGERS, Ark., Dec. 05, 2024 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the second quarter ended October 31, 2024.  Second Quarter Key Highlights (FY’25 Q2 vs. FY’24 Q2, unless otherwise noted) Total revenue was $347.3 million1, down 3.5% Interest income increased $2.1 million, up 3.6% Total collections increased 3.3% to $173.8 million Gross margin increased to 39.4%1 Adjustment to allowance for credit loss to 24.72%, down from 25.0% sequentially Net charge-offs as a % of average finance receivables were 6.6% vs. 7.2% Interest expense increased $1.5 million, or 8.8% Diluted earnings per share of $0.611 vs. loss per share of $4.30  President and...

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North American Construction Group Ltd. Announces Regional Services Contract and Outlook for 2025

ACHESON, Alberta, Dec. 05, 2024 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced the award of an extended and amended regional services contract by a major producer in the Canadian oil sands region and an outlook for the full year of 2025 along with updated estimates for the fourth quarter of 2024. Regional Services Contract The extended and amended contract contemplates the provision of services across various mine sites operated by the producer. The amendment is effective January 1, 2025 with the expiry date extended to January 31, 2029 from January 31, 2027. The agreement includes committed spend of $500 million spread over the term which is primarily related to heavy equipment rentals but also includes bulk unit rate earthwork scopes. These committed volumes...

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Graphjet Technology Names Liu Yu Chief Operating Officer and Chief Scientific Officer

Innovative technological leader to oversee all technical, operational, customer support and business development initiatives KUALA LUMPUR, Malaysia, Dec. 05, 2024 (GLOBE NEWSWIRE) — Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced that it has promoted Mr. Liu Yu, Graphjet’s current Head of Research and Chief Scientific Officer, to the role of Chief Operating Officer and Chief Scientific Officer Mr. Liu Yu is an innovative technological leader with more than two decades of experience and a deep understanding of Graphjet and the opportunities ahead for the business as he has served as the Company’s Head of Research and Chief Scientific Officer since inception. In his new role, Mr. Liu Yu will...

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Theriva™ Biologics Announces U.S. FDA Guidance on Design of Phase 3 Study of VCN-01 for the Treatment of Metastatic Pancreatic Cancer

ROCKVILLE, Md., Dec. 05, 2024 (GLOBE NEWSWIRE) — Theriva™ Biologics (NYSE American: TOVX), a diversified clinical-stage company developing therapeutics designed to treat cancer and related diseases in areas of high unmet need, today announced the outcomes of a recent Type D meeting with the U.S. Food and Drug Administration (FDA) to obtain guidance on the design of a Phase 3 clinical study of lead clinical candidate VCN-01 in combination with standard-of-care chemotherapy for the treatment of metastatic pancreatic adenocarcinoma (PDAC). The Company recently announced the completion of target enrollment into the multinational VIRAGE Phase 2b clinical study evaluating intravenous VCN-01 in combination with gemcitabine/nab-paclitaxel as a first line therapy for PDAC patients. Type D meetings are focused on a narrow set of issues...

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Rezolute Reports Inducement Award Under Nasdaq Listing Rule 5635(c)(4)

REDWOOD CITY, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) — Rezolute, Inc. (Nasdaq: RZLT) (“Rezolute” or the “Company”), a late-stage biopharmaceutical company dedicated to developing transformative therapies for rare diseases with serious unmet needs, today announced that its compensation committee has approved the issuance of One Hundred and Fifty Thousand (150,000) shares of its common stock as an inducement award (the “Inducement Award”) permitted under Nasdaq Rule 5635(c)(4) to its new Senior Vice President of Global Product Supply. The Inducement Award was granted on November 30, 2024 and was priced at our closing price on November 29, 2024. The Inducement Award will vest 25% one year after the executive’s start date and will vest monthly for 36 months after. About Rezolute, Inc. Rezolute is a late-stage rare disease company focused...

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Kratos XQ-58A Demonstrates Collaborative EW and Kill Chain Closure under USMC Control in Large Force Exercise

SAN DIEGO, Dec. 05, 2024 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems, today announced the successful performance of a recent series of flight tests of the United States Marine Corps’ XQ-58A Valkyrie, manufactured by Kratos. These flights and exercises were conducted jointly earlier this year by Kratos, Northrop Grumman Corporation, Autodyne, the United States Marine Corps (USMC), the United States Navy, and the United States Air Force (USAF).Kratos’ XQ-58A Flies in Joint Emerald Flag Exercise A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94bd48b4-0b84-4660-8063-18330361338a The...

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AgriFORCE Growing Systems Combines Bitcoin Mining and Agriculture to Drive Sustainable Solutions

Innovative Use of Heat and Carbon Capture to Foster Agricultural Growth in Alberta VANCOUVER, British Columbia, Dec. 05, 2024 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), an intellectual property-driven technology leader, is proud to announce the launch of sustainable agricultural operations at its newly acquired Bitcoin mining facility in Sturgeon County, Alberta, Canada. By harnessing the excess heat and carbon emissions from Bitcoin mining, AgriFORCE is pioneering a novel approach to promote agricultural productivity while reducing environmental impact. The facility, powered by an on-site generator, utilizing flared gas, integrates carbon capture and heat reuse technologies to support the cultivation of premium crops and aquaculture. Targeted products include white-legged shrimp, nutrient-dense micro-greens,...

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