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Year: 2024

80% of companies are investing in AI to improve cash flow despite budget cuts

“Cash Maturity 2024” Study by Sidetrade and PwC France and Maghreb, reveals that the integration of smart automation, generative AI, and internal upskilling are driving efficiency gains, while companies shift from outsourcing to cultivating in-house talent with essential tech and leadership skills. In collaboration with consulting and audit firm PwC France and Maghreb, Sidetrade, the global leader in AI-powered Order-to-Cash applications, reveals a significant shift in investment and renewed boldness within the finance function, driven by a sharpened emphasis in 2024 on cash flow generation and EBITDA preservation amid a challenging economic landscape. “Cash Maturity 2024” by Sidetrade and PwC provides a perspective on finance transformation trends across Europe, revealing how companies are rethinking Order-to-Cash...

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Northwest Bancshares Announces Agreement to Acquire Penns Woods Bancorp

COLUMBUS, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) — Northwest Bancshares, Inc. (“Northwest”) (NASDAQ: NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. (“Penns Woods”) (NASDAQ: PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger (“Agreement”) whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company’s presence in North Central and Northeastern Pennsylvania. Headquartered in Williamsport, Pennsylvania, Penns Woods has approximately $2.3 billion in assets, $1.7 billion in total deposits, and $1.9 billion in total loans as of September 30, 2024. The...

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Actuate Therapeutics Announces Positive Interim Phase 2 Data of Elraglusib in First Line Treatment of Metastatic Pancreatic Cancer

Statistical Significance Met on Primary Endpoints of 1 Year Survival Rate and Median Overall Survival Doubling of 1 Year Survival Rate and 37% Reduction in Risk of Death Two Month (29%) Increase in Median Overall Survival Multiple Patients with Complete Responses (CRs) and/or Partial Response (PR) with 100% Reduction in Target Lesions Elraglusib in Combination with GnP Demonstrated a Favorable Risk-Benefit Profile Trial Continues with Topline Data Anticipated in 1H 2025CHICAGO and FORT WORTH, Texas, Dec. 17, 2024 (GLOBE NEWSWIRE) — Actuate Therapeutics, Inc. (NASDAQ: ACTU) (“Actuate” or the “Company”), a clinical-stage biopharmaceutical company focused on developing therapies for the treatment of high-impact, difficult-to-treat cancers through the inhibition of glycogen synthase kinase-3 beta (GSK-3β), today announced new positive...

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Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares

TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) — Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, announced today the pricing of its previously announced public offering (the “Offering”) of 5,175,000 common shares in the capital of the Company (“Common Shares”) at a price to the public of US$2.15 per Common Share. Roth Capital Partners (“Roth”) is acting as sole book-running manager, Raymond James Ltd. and Craig-Hallum Capital Group LLC are acting as the co-lead book-running managers for the proposed Offering. In addition, the Company has granted Roth a 45-day over-allotment option to purchase up to an additional 776,250 Common Shares at the public offering price, less underwriting discounts and commissions. The gross proceeds from the Offering...

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KULR Signs Service Agreement to Launch KULR ONE Space Battery

HOUSTON, Dec. 17, 2024 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leader in advanced energy management platforms, proudly announces its plans to launch the KULR ONE Space (K1S) battery via launch integrator Exolaunch on a SpaceX rideshare mission scheduled for 2026. This mission represents a pivotal milestone in KULR’s ongoing commitment to developing safer and higher-performing battery systems tailored for space applications for a space battery market that is expected to grow from $3.9B to $6.35B by 2030 per Virtue Market Research. This pathfinder mission will integrate multiple configurations of the KULR ONE Space (K1S) battery into a 6U SmallSat. A 6U SmallSat is a lightweight satellite with a standardized structure measuring approximately 10...

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Ascot Commences First Development Advance at Premier Northern Lights

VANCOUVER, British Columbia, Dec. 17, 2024 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company“) is pleased to announce that the Company has completed its first development round for recommencement of the underground development of the Premier Northern Lights mine (“PNL“). Following the remobilization of the Company’s mining contractor, Procon Mining & Tunneling Ltd (“Procon“) to the site, the Company has:mobilized the underground mining equipment to site, established the underground ventilation, completed the initial rehabilitation with shotcrete to establish a heading for advancement of development and second egress for the PNL mine.Currently, development is approximately 115 meters away from the initial ore zone geological contact....

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VERSES Genius™ Outperforms OpenAI Model in Code-Breaking Challenge, “Mastermind”

High-Performance Agent Surpasses Leading AI Model in Accuracy, Speed, and Cost Efficiency VANCOUVER, British Columbia, Dec. 17, 2024 (GLOBE NEWSWIRE) — VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) (“VERSES” or the “Company”), a cognitive computing company, today revealed performance highlights of its flagship product Genius winning the code-breaking game Mastermind in a side by side comparison with a leading generative AI model, OpenAI’s o1 Preview, which is positioned as an industry-leading reasoning model. Over one hundred test runs, Genius consistently outperformed OpenAI’s o1-preview model one hundred and forty (140) times faster and more than five thousand times (5,000) cheaper. “Today we’re showcasing Genius’ advanced reasoning performance against state-of-the-art deep learning-based methods that LLMs are based...

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Meritage Homes Gives $3.3 Million In 2024 To Support Communities Nationwide

SCOTTSDALE, Ariz., Dec. 17, 2024 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH), the fifth-largest public homebuilder in the U.S., continues to live up to its brand promise of a Life.Built.Better.® in 2024 by contributing $3.3 million and sponsoring numerous community volunteer events throughout its geographic footprint. During the year, the homebuilder donated $1.5 million mainly through Meritage Cares, its philanthropic foundation, as well as additional in-kind donations to help combat food insecurity, support tree planting efforts, fund education and career development initiatives, assist military veterans and their families, and improve affordable housing supply. The Company also contributed nearly $1.8 million to fund K-12 education opportunities in Arizona, Florida, and Georgia. Further, the Meritage Cares Assistance...

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Danforth Advisors Acquires VPMR, Providing Global Market Research to Inform Strategy for Life Science Companies

WALTHAM, Mass., Dec. 17, 2024 (GLOBE NEWSWIRE) — Danforth Advisors, LLC, today announced the acquisition of VPMR, LLC, a full-service, global market research firm serving life science and healthcare companies across all phases of the product lifecycle. Applying deep expertise in both traditional and technology-based research methods, VPMR provides vital insights to guide market opportunity assessment, new product development and strategic decision-making for clients. The acquisition extends Danforth’s capabilities in the area of commercial readiness, delivering key data to shape launch strategy and marketing. Allison Fuller will continue to lead VPMR in her role as President. “Given the high costs and stakes of drug development, market research is fundamental to optimizing chances of success. Whether to understand patient needs,...

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QuestionPro Acquires SpatialChat – a Leading European Video Streaming & Collaboration Platform

Technology will complement QuestionPro’s existing Asynchronous Qualitative Research Platform and ultimately power virtual focus groups and panels SAN FRANCISCO, Dec. 17, 2024 (GLOBE NEWSWIRE) — QuestionPro, a global leader in online survey and research services, has acquired SpatialChat, Europe’s trailblazer in video streaming and immersive virtual environments for meetings and collaboration. This strategic acquisition will add value to QuestionPro’s existing Qualitative Research and Customer Experience (CX) platforms while expanding SpatialChat’s footprint beyond Europe into the U.S. and global markets. SpatialChat is a leading virtual platform that empowers organizations to foster enhanced engagement, collaboration, and productivity in immersive digital environments. With AI capabilities, SpatialChat creates highly interactive,...

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