Breaks Categories: News

TuesdayAug 23, 2022 11:30 am

NetworkNewsBreaks — Cepton Technologies Inc. (NASDAQ: CPTN) Lidar Tech on Display at IAA Transportation 2022

Cepton Technologies (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has announced that its lidar integration solution for automotive headlamps will be showcased at the upcoming IAA Transportation 2022 Conference. Slated for Sept. 20–25, 2022, the conference is an ideal way for the company to shine a spotlight on its Nova lidar integration solution, which addresses perception blind spots with high precision and superior sensor location. The tech will be displayed in collaboration with ZKW Group GmbH (“ZKW”), a premium lighting systems and electronics specialist. The announcement noted that Cepton’s Nova lidar will be integrated into a heavy-duty…

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TuesdayAug 23, 2022 11:04 am

NetworkNewsBreaks – Tingo Inc. (TMNA) Releases Strong Q2 2022 Results

Tingo (OTC: TMNA) today announced that it has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three and six months ended June 30, 2022. Among the highlights, the company announced net revenues totaling $268.7 million for Q2 2022 vs. $100.7 million for Q2 2021, an increase of 166.8%. In addition, Tingo’s Q2 2022 gross profit amounted to $164.2 million, an increase of 208.6% versus Q2 2021 gross profit of $53.2 million. “We are again pleased to announce a strong operating performance for the second quarter of 2022, building on a strong first…

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TuesdayAug 23, 2022 10:42 am

NetworkNewsBreaks – Correlate Infrastructure Partners Inc. (CIPI) CEO Featured in Latest Bell2Bell Podcast

Correlate Infrastructure Partners (OTCQB: CIPI), a technology-enabled energy optimization and clean-energy solutions provider for North America, is spotlighted in the latest episode of the Bell2Bell Podcast, released by InvestorBrandNetwork (“IBN”). Correlate Infrastructure CEO and president Todd Michaels joined host Stuart Smith to discuss the history of the company as well as its business model. The Bell2Bell Podcast delivers informative updates and exclusive interviews with executives operating in fast-moving industries. Michaels noted that CIPI is the parent company for a series of technology and fulfillment subsidiaries in the clean-energy space, with Solar Site Design and Correlate being some of its commercial…

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TuesdayAug 23, 2022 10:29 am

NetworkNewsBreaks – Iconic Brands Inc. (ICNB) Announces Record Q2 2022 Revenue

Iconic Brands (OTC: ICNB), a leader in the development, design and delivery of alcohol and non-alcohol beverages, today announced financial results for the second quarter ended June 30, 2022. Among the highlights, the company reported $6,654,221 in total revenue for the quarter, representing an approximately 1,038% year-over-year increase compared to the same period in 2021. In addition, Iconic achieved quarterly gross profit of $1,733,547, an approximate 567% year-over-year increase. Tom Martin, interim CEO of Iconic, said in the press release: “2022 is off to a strong start with record-breaking first and second quarters. Revenue is up 1,038% year-over-year, and we…

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MondayAug 22, 2022 11:50 am

NetworkNewsBreaks – FinovateFall to Showcase Cutting-Edge Disruption in Financial Sector

Informa Connect’s FinovateFall is slated to take place at the Marriott Marquis Times Square in New York City from Sept. 12-14, 2022. The event will draw more than a thousand C-suite leaders, senior executives and financial innovators and showcase over 100 industry veterans and new-age disruptors in the financial sector. The three-day event will enable networking opportunities for industry professionals to thoroughly explore fresh business avenues, engage in peer interactions finely tuned for greater efficiency, and forge meaningful lifelong partnerships. FinovateFall is renowned for spotlighting new fintech innovations from seed-stage startups to global leaders. In particular, senior-level decision-makers value the…

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MondayAug 22, 2022 11:44 am

NetworkNewsBreaks – Advanced Container Technologies Inc. (ACTX) Helps Farmers Expand into Highly Profitable Markets, Maintain Year-Round Revenue Streams

Advanced Container Technologies (OTC: ACTX) today announced that GrowPods, modular hydroponic farms that can be placed virtually anywhere, can help farmers expand into new markets and grow profitable fruits and vegetables year-round. GrowPods have the production capacity equivalent of one acre of traditional farmland in an automated, controlled, pesticide-free environment. According to Entrepreneur 360, farmers are not currently growing the most profitable crops. Adding a GrowPod or two allows farmers to add high-margin specialty crops to their revenue stream. “The GrowPod system allows farmers to move into new, highly profitable markets, and maintain revenue streams year-round,” said Douglas Heldoorn, CEO…

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MondayAug 22, 2022 11:32 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Upcoming Launch of Fully Functional Demonstrator FIVE EV Crossover Vehicles

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that the first fully functional demonstrator vehicles of the Mullen FIVE EV Crossover will begin arriving this October. Mullen and hofer powertrain have been jointly developing the upcoming vehicles, which will be utilized in Mullen’s upcoming 2022 “Strikingly Different” Test Drive Tour as well as other events planned across the U.S. in 2023. “We are thrilled to launch the first fully functional, demonstrator FIVE EV Crossover vehicles this October,” said David Michery, CEO and chairman of Mullen Automotive. “Mullen and hofer have been working diligently to have these…

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MondayAug 22, 2022 11:15 am

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Subsidiary Inks MSA for Manufacturing, Distribution Expansion

Sugarmade (OTC: SGMD) subsidiary SugarRush has signed a management services agreement (“MSA”) with Canndis Inc., a California cannabis micro-license holder. The MSA outlines an expansion for the company’s manufacturing and distribution operations based on Canndis’ license, which includes delivery, manufacturing, distribution and cultivation capabilities. The MSA calls for Sugarmade to take over cannabis product manufacturing, distribution, delivery licensing and facility management ahead of Canndis’s first harvest at its Jerusalem Grade Farm; the farm is licensed for 43,560 square feet of outdoor canopy area and is growing at full capacity this season. According to the announcement, the MSA provides for the…

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MondayAug 22, 2022 11:03 am

NetworkNewsBreaks — BIT Mining Limited (NYSE: BTCM) Releases Q2 2022 Unaudited Financial Report

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, is reporting its unaudited financial results for the quarter ended June 30, 2022. Notable numbers from the report include revenues of $195.5 million for the quarter, down from the same period last year, and operating loss of $23.3 million, representing an $8.4 million increase over Q2 2021 and a $19.0 million increase over Q1 2022. BTCM reported non-GAAP operating loss of $8.7 million for the quarter and net loss of $21 million, while basic and diluted losses per American Depositary Share ("ADS") attributable to BIT Mining for the quarter totaled $0.29. The…

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FridayAug 19, 2022 2:11 pm

NetworkNewsBreaks – Graphex Group Limited (NYSE American: GRFX) Announces Pricing of Upsized $11.7M Public Offering

Graphex (NYSE American: GRFX) and Graphex Technologies LLC, its wholly owned US subsidiary, a global leader in mid-stream processing of specialized natural graphite used for electric vehicle (“EV”) lithium-ion (“Li-ion”) batteries, recently announced the pricing of its upsized public offering. According to the update, the offering consists of 4,695,653 American depositary shares (“ADSs”), with each ADS representing 20 ordinary shares, par value HK$0.01 per share, of the company, at a public offering price of $2.50 per ADS, for aggregate gross proceeds of approximately $11.7 million before deducting underwriting discounts, commissions and other expenses. Graphex has also granted the underwriters a…

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