NetworkNewsBreaks Archive - Page 382 of 2229

FridayNov 08, 2024 11:41 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Showcases Quantum Computing Innovations at University of Southern California’s Quantum Technologies Forum

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) recently participated in the Quantum Technologies Forum hosted by the University of Southern California (USC), presenting the latest advancements in its annealing quantum computing technology. D-Wave’s participation in the event highlights the company’s ongoing partnership with USC, which was the first organization to host a D-Wave Advantage™ quantum system in the United States in 2022. Through D-Wave’s Leap™ quantum cloud service, USC’s Viterbi School of Engineering has leveraged this 5,000+ qubit system—the largest of its kind—for pioneering research in areas such as protein binding classification and quantum coherence. The forum, which convened experts across…

FridayNov 08, 2024 11:15 am

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Overcomes Legal Hurdle with Lawsuit Dismissal

Meta (NASDAQ: META) is a leading technology company known for its social media platforms, including Facebook, Instagram and WhatsApp. The company plays a significant role in the digital landscape, providing services that connect billions of users worldwide. Meta faces competition from other tech giants like Google, X and TikTok, which also offer platforms for user-generated content. The recent dismissal of a lawsuit against Meta concerning Section 230 is a notable legal victory for the company. Section 230 is a crucial law that protects tech companies from being held liable for user-generated content on their platforms. This legal shield allows Meta…

FridayNov 08, 2024 10:01 am

NetworkNewsBreaks – HeartBeam Inc. (NASDAQ: BEAT) Advances Toward Commercialization of Cardiac Care Technology with FDA Submissions and Key Leadership Appointments

HeartBeam (NASDAQ: BEAT), reported steady progress in its third quarter financial and operational results, advancing its cardiac care technology through key FDA 510(k) submissions and strategic leadership appointments. The company’s first FDA 510(k) submission for the HeartBeam system is actively under review, with HeartBeam responding to FDA inquiries and preparing for an Early Access Program post-clearance. Following this, HeartBeam plans to submit a second 510(k) application focused on its 12-lead ECG synthesis software. New CEO Robert Eno, along with other senior management hires, aims to guide the company toward U.S. commercialization. HeartBeam has also amassed significant clinical evidence supporting its…

FridayNov 08, 2024 9:00 am

NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Advances Lidar Commercialization Amid Acquisition by Koito and Growing OEM Partnerships

Cepton (NASDAQ: CPTN) shared updates for Q3 2024, highlighting advancements in its lidar technology commercialization, with a major long-range lidar RFQ in final stages with a Top 10 global automotive OEM. Cepton’s CEO, Jun Pei, noted the company’s solid positioning in the automotive lidar market, strengthened by a pending acquisition by Koito Manufacturing Co. Ltd. and continued development with OEMs for near-range lidar. The acquisition, set at $3.17 per share in an all-cash transaction, is anticipated to close in early 2025, subject to shareholder and regulatory approvals. For Q3, Cepton reported $0.5 million in revenue, with a GAAP net loss…

ThursdayNov 07, 2024 3:33 pm

NetworkNewsBreaks – Renforth Resources Inc.’s (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Advances Exploration at Parbec Gold Deposit with Stripping Permit Applications

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) announced new fieldwork initiatives at its Parbec gold deposit in Malartic, Quebec. The company is applying for two stripping permits to remove overburden and expose bedrock, improving geological mapping and structural understanding of the relationship between Pontiac sediments and the Cadillac Break. These efforts target near-surface drill intersections to identify potential bulk sampling locations, leveraging shallow overburden and existing infrastructure for efficient execution. The work is expected to begin early next year, pending permits and favorable conditions, and aligns with Renforth’s goal to enhance the understanding and development potential of Parbec’s near-surface…

ThursdayNov 07, 2024 2:05 pm

NetworkNewsBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Committed to Tapping into Abundant Resources of the Malartic

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR), a company engaged in the acquisition, exploration and development of mineral properties in Canada, operates its flagship Parbec Gold Project near the world-renowned Malartic gold-mining region. “What sets Malartic apart as an exceptional mining region is its geology. The region is part of the larger Abitibi Greenstone Belt, one of the richest mineral belts in the world, renowned for its significant deposits of gold and other base metals… However, Malartic’s significance extends beyond just the sheer volume of gold extracted from its soils. The region also boasts a robust infrastructure for mining…

ThursdayNov 07, 2024 1:03 pm

NetworkNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Moving to Benefit from Increased Demand for PGMs

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is poised to benefit from the automotive industry’s shift toward hybrid and electric vehicles (“EVs”). “A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (‘PGMs’) in the coming years, similar to the extended lifespan now predicted for coal,” reads a recent article that contains excerpts from a Reuters report. “Platinum Group Metals, an up-and-coming player in the PGM space, is well positioned to capitalize on this trend. The company is engaged in the development of…

ThursdayNov 07, 2024 12:12 pm

NetworkNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Shares See Downturn Following Election Surge

Shares of President-elect Donald Trump’s media company, Trump Media & Technology Group (NASDAQ: DJT), are seeing a downturn in Thursday trading. This decline comes after an initial surge in share prices following Trump’s election victory. The shift in investor sentiment is evident as the stock price adjusts, reflecting changing market perceptions and expectations. Currently, DJT is priced at around $28.94, marking a significant decrease of 19.52%, or $7.02. This drop indicates a notable shift from the initial optimism that surrounded the stock. The stock’s daily fluctuation, with a low of $27.90 and a high of $31.96, highlights the volatility investors…

ThursdayNov 07, 2024 11:40 am

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Invests $400,000 in Inventus Mining’s Private Placement to Support the Pardo Project Advancement

McEwen Mining (NYSE: MUX) (TSX: MUX) has strengthened its support for Inventus Mining Corp. (TSXV: IVS) by acquiring 10,000,000 units in Inventus’s recently closed private placement, contributing $400,000 toward the $600,000 raised. Each unit in the placement includes one common share and one warrant, enabling further share purchases at $0.09 until 24 months post-closing, with potential for accelerated expiry if trading conditions are met. McEwen’s significant investment demonstrates its commitment to advancing Inventus’s Pardo Project, marking a strategic alignment in McEwen’s broader investment interests in the precious metals sector. To view the full press release, visit https://nnw.fm/f5GyE About McEwen Mining Inc.…

ThursdayNov 07, 2024 10:35 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Bollinger’s B4 Truck Qualifies for $100,000 Incentive Under New York’s NYTVIP Program

Mullen Automotive (NASDAQ: MULN) announced that Bollinger Motors has qualified for New York State’s New York Truck Voucher Incentive Program (“NYTVIP”), offering up to a $100,000 voucher for its all-electric B4 Truck. This incentive, provided by NYSERDA, marks the fourth state incentive for Bollinger in the Northeast, adding to similar programs in Massachusetts, New Jersey and Pennsylvania. Alongside a federal tax credit of $40,000 under the Inflation Reduction Act, Bollinger’s B4 Truck is primed to offer substantial financial incentives, bolstering its adoption in commercial fleets. Recent milestones for Bollinger include regulatory certifications, significant fleet orders and partnerships with dealers and…

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