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Day: January 8, 2025

Red Cat Secures FAA Authorization to Fly Drones Without Remote ID for Aeronautical Research

SAN JUAN, Puerto Rico, Jan. 08, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has received authorization from the Federal Aviation Administration (FAA) to operate unmanned aircraft systems (UAS) in U.S. airspace without broadcasting Remote Identification (Remote ID) information, specifically for the purpose of aeronautical research. “This authorization highlights Red Cat’s commitment as an industry leader to work closely with the FAA on drone requirements and operations in the national airspace system,” said Jeff Thompson, Red Cat CEO. “We are proud to be among the first companies in the United States authorized to conduct research operations without broadcasting Remote ID....

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MetAlert Signs Collaboration Agreement with The American Legion and Be The One

LOS ANGELES, CALIFORNIA, Jan. 08, 2025 (GLOBE NEWSWIRE) — MetAlert, Inc. (OTC: MLRT), renowned for its pioneering efforts in GPS wearable technology and its leadership in gun safety and asset tracking and recovery systems, announced today the signing of a collaboration agreement with The American Legion in support of its mission to prevent suicide among veterans and servicemembers. The American Legion is the largest U.S. veterans organization with more than 1.6 million members who strengthen the nation through programs, services and advocacy work for those who have served in the U.S. Armed Forces. In 2021, The American Legion launched its Be The One mission with the goal of destigmatizing mental-health treatment, encouraging veterans to seek help when needed and training 100,000 people to know what to do if someone appears to be...

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Wearable Devices and RayNeo to Unveil Transformative Gesture-Controlled AR Glasses Powered by Mudra Neural Wristband and Snapdragon XR Platform at CES®

Yokneam Illit, Israel, Jan. 08, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) and RayNeo™ today announced their groundbreaking collaboration to redefine the augmented reality (“AR”) experience with the debut of the RayNeo™ X3 Pro glasses, pre-bundled with Wearable Devices’ Mudra® neural input wristband. The glasses are powered by the Snapdragon® AR1 Gen 1 Platform from Qualcomm Technologies, Inc. This ecosystem collaboration sets a new standard for intuitive and immersive AR interaction. Wearable Devices’ Mudra® technology transforms AR interactions with RayNeo™ by utilizing highly accurate neural-input wristbands for gesture tracking. This advancement does not require line-of-sight gestures, reducing device weight and power consumption, and enabling more compact and fashionable designs....

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DatChat, Inc. Announces Pricing of $5.1 Million Registered Direct Offering Priced At-The Market Under Nasdaq Rules

New Brunswick, NJ, Jan. 08, 2025 (GLOBE NEWSWIRE) — DatChat, Inc. (Nasdaq: DATS) (“DatChat” or the “Company”), a secure messaging, social media, and metaverse company, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of an aggregate of 1,200,000 shares of common stock at a purchase price of $4.25 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to close on or about January 10, 2025, subject to the satisfaction of customary closing conditions. The Benchmark Company, LLC is acting as the sole placement agent for the offering. The gross proceeds from the offering are expected to be approximately $5.1 million, prior to deducting offering expenses payable by DatChat. DatChat intends to use...

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AITX’s RAD-R Welcomes Steve Danelon as President, Strengthening Leadership for Residential Security Solutions

Danelon Brings Two Decades of Leadership and Operational Expertise to Drive RAD-R’s Residential Security Expansion Detroit, Michigan, Jan. 08, 2025 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc. (the “Company”), a global leader in AI-driven security and productivity solutions, is pleased to announce that its subsidiary, Robotic Assistance Devices Residential, Inc. (RAD-R), has appointed Steve Danelon as President of RAD-R. This key appointment underscores RAD-R’s commitment to redefining residential security with innovative, AI-driven solutions like the recently launched RADCam™. Steve Danelon brings with him an illustrious 30-year career in the security industry, including 22 years of leadership with Allied Universal, where he oversaw Canadian sales and operations. Following his tenure at Allied Universal,...

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License Granted to Enable Test Mining at Halleck Creek

Halleck Creek ProjectLicense enables Wyoming Rare (USA) to conduct test mining, trenching, and exploratory excavation, including collecting bulk material samples at the Cowboy State Mine project area within Halleck Creek.DENVER, Jan. 08, 2025 (GLOBE NEWSWIRE) — American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) is pleased to announce that its wholly owned U.S. subsidiary Wyoming Rare (USA) Inc (“WRI”)., has been granted a License to Explore by Dozing at the Halleck Creek Rare Earths Project in Wyoming, USA (“Halleck Creek”). HighlightsLicense enables WRI to conduct test mining, trenching, and exploratory excavation, including collecting bulk material samples at the Cowboy State Mine project area within Halleck Creek. Test mining will allow the company to procure the necessary volumes...

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Mama’s Creations to Participate in Upcoming Investor Conferences

Company to Host One-on-One Investor Meetings at ICR Conference 2025 and the 37th Annual Roth Conference EAST RUTHERFORD, NJ, Jan. 08, 2025 (GLOBE NEWSWIRE) — Mama’s Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced that management will participate in two prominent investor conferences in early 2025: the ICR Conference 2025 and the 37th Annual Roth Conference. Adam L. Michaels, Chairman and CEO of Mama’s Creations, is scheduled to host a presentation and one-on-one meetings at the ICR Conference 2025, as well as one-on-one meetings at the 37th Annual Roth Conference, as follows. ICR Conference 2025 Date: Tuesday, January 14th, 2025Time: 2:30 p.m. Eastern time Location: Orlando, FLWebcast Link: https://wsw.com/webcast/icr10/mama/1632004 37th Annual Roth ConferenceDate:...

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Xometry Appoints Sanjeev Singh Sahni As President Reporting To CEO Randy Altschuler

Former Vice President of B2B E-Commerce And Head Of B2B & B2C Sales Of Wayfair Joins Xometry To Continue Driving Global Growth, Scale And Operating Efficiencies Will Oversee Global Operations, Product, People, And Technology, Including Its Leading Marketplace And Suite of Supplier Services Sahni Brings Significant Operations, Product, Technology And Sales Expertise With A Deep Understanding Of Global Supply Chain Management And A Successful Track Record Of Deploying AI/Machine Learning And AutomationNORTH BETHESDA, Md., Jan. 08, 2025 (GLOBE NEWSWIRE) — Xometry (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced the appointment of Sanjeev Singh Sahni as President, reporting to CEO Randy Altschuler. The former Vice President of B2B E-Commerce...

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60 Degrees Pharmaceuticals Enrolls First Patient in Tafenoquine Expanded Access Clinical Study for Persistent (B. microti) Babesiosis

Case reports published in medical literature suggest that tafenoquine combined with standard-of-care treatment exhibits a high cure rate in immunosuppressed patients who have relapsing babesiosis and for whom prior treatment has failed. Babesiosis, a tick-borne disease, is potentially life-threatening if not treated early. The incidence of babesiosis has been increasing in the Northeast U.S. and elsewhere. Total cumulative accessible market through the end of patent protection in the U.S. for ARAKODA® (tafenoquine) for babesiosis may exceed 400,000 patients.WASHINGTON, Jan. 08, 2025 (GLOBE NEWSWIRE) — 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP; SXTPW) (“60 Degrees Pharmaceuticals” or the “Company”), a pharmaceutical company focused on developing new medicines for infectious diseases, announced today that the first patient...

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Unifirst Announces Financial Results for the First Quarter of Fiscal 2025

WILMINGTON, Mass., Jan. 08, 2025 (GLOBE NEWSWIRE) — UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its first quarter ended November 30, 2024 as compared to the corresponding period in the prior fiscal year: Q1 2025 Financial HighlightsConsolidated revenues for the first quarter increased 1.9% to $604.9 million. Operating income was $55.5 million, an increase of 4.5%. The quarterly tax rate increased to 25.6% compared to 23.4% in the prior year. Net income increased to $43.1 million from $42.3 million in the prior year, or 1.8%. Diluted earnings per share increased to $2.31 from $2.26 in the prior year, or 2.2%. Adjusted EBITDA increased to $94.0 million compared to $88.7 million in the prior year, or 5.9%.The Company’s financial results for the first quarter of fiscal 2025...

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