Breaks Categories: News

WednesdayMay 10, 2023 1:11 pm

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Announces Q1 2023 Results, to Host Live Call and Webcast

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced business updates and financial results for the first quarter ended March 31, 2023. Among the business highlights, Cepton reported OEM series production execution and that it is on-track to receive final production validation for salable vehicles and continue to ship pre-production lidar units for multiple vehicle models. In addition, Cepton has completed final implementation of embedded software, including cybersecurity, over-the-air updates, functional safety and multiple custom features for OEMs. As detailed in the announcement, the company will host a live conference call and webcast to…

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WednesdayMay 10, 2023 1:03 pm

NetworkNewsBreaks – SideChannel Inc. (SDCH) Releases Financial Report, Shows 30.9% YOY

SideChannel (OTCQB: SDCH), a provider of cybersecurity services and technology to emerging and middle market companies, is reporting its financial results for the three months and six months ended March 31, 2023. Highlights of the report show $1.6 million revenue an increase of 30.9% from Q2 2022; 4.6% sequential quarter growth; gross margin of 45.6%; net loss of $0.9 million or $0.01 per share; and $5.7 million trailing 12-month revenue; Other notable figures include 83% revenue retention for the 12-month period ended March 31, 2023, and new-client contracts representing $2 million potential annual revenue. As of March 31, the company reported…

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TuesdayMay 09, 2023 4:02 pm

NetworkNewsBreaks – Zeeve Partner Enters Strategic Collaboration with Polygon Labs

Zeeve, a top-tier Web3 infrastructure-as-a-service platform compliant with ISO 27001, SOC2 Type2, and GDPR standards, today announced that it has joined forces with Polygon Labs to serve as a key infrastructure provider and implementation partner for Polygon Supernets. The collaboration aims to simplify the deployment and management of app-chains on Polygon Supernets, making it easier for businesses and developers to launch their own blockchain and related infrastructure. “We are pleased to announce our collaboration with Zeeve Inc. as a Supernets Implementation Partner. Zeeve’s strong capabilities in enterprise-grade AppChain deployments and dedication to innovation and excellence resonate well with our values…

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TuesdayMay 09, 2023 3:47 pm

NetworkNewsBreaks — Cepton Inc. (NASDAQ: CPTN), NVIDIA Collaborating to Integrate Leading Lidar Tech into Driving Simulation Platform

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is collaborating with NVIDIA to incorporate its Vista-X120 Plus lidar into DRIVE Sim, an end-to-end simulation platform built on Omniverse. The company noted that the announcement builds on previous integrations of its automotive lidar models that were used for the development of autonomous driving algorithms, sensors and software. In fact, the announcement noted that Cepton was one of the first lidar companies to showcase a 360-degree-coverage, dual-range lidar simulation; this tech was key in developing near-range blind spot elimination and long-range obstacle detection. The collaboration involves Cepton providing simulated sensor…

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TuesdayMay 09, 2023 3:04 pm

NetworkNewsBreaks – Jupiter Wellness Inc. (NASDAQ: JUPW) Announces ‘Significant Milestone’ with Issuance of Patent

Jupiter Wellness (NASDAQ: JUPW), a wellness company focused on hair metabolism and skin therapies, has been issued a patent. The company stated that the patent, No. US 11,628,132, marked “a significant milestone in the development of innovative treatments for androgenetic alopecia, or hair loss. This foundational patent is a crucial component of the company's ongoing pursuit of the vast hair loss market.” According to the announcement, the technology covered by the patent focuses on increasing the efficacy of minoxidil, a widely used hair-loss treatment, used in a novel manner that could have the potential for a breakthrough solution for the…

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TuesdayMay 09, 2023 2:56 pm

NetworkNewsBreaks – Silo Pharma Inc. (NASDAQ: SILO) Awarded U.S. Patent Protecting Ongoing R&D of Therapeutic for Stress-Induced Affective Disorder and Alzheimer’s Disease

Silo Pharma (NASDAQ: SILO), a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research, has received a patent from the U.S. Patent and Trademark Office (“USPTO”). Titled “Biomarkers for Efficacy of Prophylactic Treatments Against Stress-Induced Affective Disorders,” the patent claims cover the use of biomarkers in determining the efficacy of SILO’s portfolio drug SPC-15. SPC-15 is a targeted prophylactic treatment that uses ketamine compositions as a key component for treating stress-induced affective disorder or stress-induced psychopathology. According to the announcement, the company owns an option to license specific assets of which the patent forms a part. SPC-15…

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TuesdayMay 09, 2023 2:30 pm

NetworkNewsBreaks – Cybin Inc. (NEO: CYBN) (NYSE American: CYBN) Doses Last Subject in Phase 1, Part B CYB004-E Trial

Cybin (NEO: CYBN) (NYSE American: CYBN), a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative psychedelic-based treatment options, has completed dosing in part b of its three-part CYB004-E phase 1 trial. The study is designed to evaluate intravenous N,N-dimethyltryptamine (“IV DMT”) in healthy volunteers. The company also announced that it now plans to move forward with part C of the study, which involves the first-in-human dosing of its proprietary DMT molecule CYB004 and will evaluate IV bolus + infusion regimens of CYB004 in a crossover design. The company expects that findings from both parts of the…

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TuesdayMay 09, 2023 2:20 pm

NetworkNewsBreaks – Advantage Communications Group to Present at Extreme Networks’ User Conference

Advantage Communications Group today announced that David Gardner and Hugo Holmes, CEO and director of EMEA, respectively, will be speaking at Extreme Connect 2023, Extreme Networks’ User Conference. Taking place May 8-11, 2023, in Berlin, Germany, Extreme Connect is a three-day event that convenes a unique mix of customers, industry experts and extreme leaders. Th event provides a unique forum and exclusive access to experts and experiences that transform network operations. In a session titled, “The Biggest Secret WAN Providers Don’t Want You to Know,” Gardner and Holmes, joined by Extreme Networks’ CTO John Abel, and Extreme Networks’ SVP of…

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TuesdayMay 09, 2023 2:15 pm

NetworkNewsBreaks – Spok Holdings Inc. (NASDAQ: SPOK) to Present at Inaugural EF Hutton Global Conference

Spok Holdings (NASDAQ: SPOK) yesterday announced that Vincent D. Kelly, its president and chief executive officer, will be presenting at the Inaugural EF Hutton Global Conference. The two day, invitation-only event will be held on May 10-11, 2023, at the Plaza Hotel in the heart of New York City. The Inaugural conference will feature key executives from approximately 150 public and private companies to convey their unique stories to an extensive audience that includes institutional investors, high-net worth individuals, corporate clients and exclusive members of the press. To view the full press release, visit https://nnw.fm/Rz8cQ About Spok Inc. Spok, a…

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TuesdayMay 09, 2023 1:59 pm

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Q1 2023 Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) yesterday reported its first quarter (Q1) results for the period ended March 31, 2023. “This quarter we completed a series of large financing transactions involving shares of our McEwen Copper subsidiary, which has increased the market value attributable to our copper business to $550 million (for 100%) from $257 million at the conclusion of the prior financing round in August 2022. As 52% owner, McEwen Mining shareholders are benefitting from this value accretion, which validates the strategy we set out in July 2021 to surface value from Los Azules by funding it independently,”…

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