NewsRoom Articles - Page 1316 of 1321

FridayAug 05, 2016 1:27 pm

Fortinet (FTNT) Sandboxing Solutions Earn ‘Recommended’ Rating from NSS Labs

On Tuesday August 2, 2016, Fortinet, Inc. (NASDAQ: FTNT) published the results of NSS Labs’ latest Breach Detection Systems (BDS) Group Test. NSS Labs, Inc., based in Austin, Texas, tested nine products from seven BDS vendors for security effectiveness, performance, and total cost of ownership. The two Fortinet products tested, the FortiSandbox 3000D Appliance and FortiSandbox Cloud Service, both received a ‘Recommended’ rating. After the test results were made public by NSS Labs, John Maddison, senior vice president of products and solutions at Fortinet, explained: "Cyber criminals are evolving new attack strategies at an alarming rate and creating a situation…

ThursdayAug 04, 2016 1:09 pm

Vical (VICL) Receives $7.8 Million Equity Investment from AnGes MG, Inc.

On Monday August 1, 2016, Vical Incorporated (NASDAQ: VICL) disclosed from its corporate offices in San Diego, California, that AnGes MG, Inc., an existing shareholder and partner since 2006, had consented under a stock purchase agreement to purchase approximately $7.8 million of Vical’s common stock in a private placement to be finalized on August 2, 2016. This capital infusion by AnGes MG will bolster Vical’s cash position and balance sheet strength considerably. Announcing the agreement, Vijay Samant, president and chief executive officer of Vical, said: “We are very pleased to have the strong support of AnGes, who has been a…

ThursdayAug 04, 2016 12:56 pm

Dextera Surgical, Inc. (DXTR) Enters Joint Development Program with Intuitive Surgical (ISRG)

Earlier this week, Dextera Surgical, Inc. (NASDAQ: DXTR) announced its entry into a joint development program with Intuitive Surgical, Inc. (NASDAQ: ISRG), the global leader in robotic-assisted surgery. The two companies will look to develop an innovative surgical stapler and cartridge for use with Intuitive’s da Vinci® Surgical System, a proven robotic surgical system designed to facilitate complex surgical procedures using a minimally invasive approach. Under the terms of this agreement, ISRG will be responsible for the development and testing of the stapler, while Dextera will take the lead on the stapler cartridge. Prior to the announcement of this joint…

WednesdayAug 03, 2016 1:44 pm

eXp World Holdings, Inc. (EXPI) Brokerage Division Surpasses 1,500 Agents

Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced that eXp Realty, its real estate brokerage division, has surpassed 1,500 agents across all of its operating markets in the United States and Canada. This growth milestone continues to build on an impressive start to 2016 for the company, with overall agent count expanding by more than 57 percent since January 1, when EXPI reported 864 agents. “eXp Realty continues to attract Increasing numbers of top agents who are entrepreneurial in their approach to the business and who recognize agent ownership as a fundamental shift in the way in which real…

WednesdayAug 03, 2016 9:58 am

AstraZeneca (AZN) and Chi-Med Amend Agreement Regarding Savolitinib

AstraZeneca (NYSE: AZN) and Hutchison China MediTech Limited (NASDAQ: HCM), also known as Chi-Med, have announced the amending of a 2011 global licensing and commercialization agreement regarding savolitinib in order to increase its global development. In addition to increasing the global development, Chi-Med will be able to have more involvement in the project. With this in mind, savolitinib’s worldwide expansion will help with a number of Met-driven tumors, such as specific types of lung cancer, colorectal, gastric and kidney cancers. With the phase II open-label global PRCC results from savolitinib recently finished and being presented at a scientific meeting, Chi-Med…

WednesdayAug 03, 2016 9:40 am

Travelport (TVPT) Ties the Knot Tighter with Expedia (EXPE)

On Monday, August 1, 2016, Travelport (NYSE: TVPT) announced an expanded partnership with Expedia, Inc. (NASDAQ: EXPE) under which Expedia will extend its use of Travelport's Travel Commerce Platform in Europe. Two years ago, Travelport joined forces with Expedia in a joint venture with Majid Al Futtaim Finance, a leader in credit card and prepaid services in the United Arab Emirates (UAE), to launch the UAE’s largest online travel rewards scheme, Najm Voyager Rewards. Announcing the deal, Steve Jarvis, Vice President, Strategy & Business Development at Expedia, Inc., said: "Expedia's commitment is to be the very best place to shop…

TuesdayAug 02, 2016 1:42 pm

Singlepoint, Inc. (SING) Announces Initiative Designed to Capitalize on Pokémon Go Phenomenon

Before the opening bell, Singlepoint, Inc. (OTC: SING) announced plans to cash in on the Pokémon Go craze by developing a mobile app designed to bring like-minded players together. The company has already initiated discussions with programmers under contract to create a new app that will reward users for performing a number of geo-targeted actions while playing Pokémon Go. Additionally, Singlepoint’s companion app will look to increase the social interactions among gamers by introducing a comprehensive messaging platform that enables communication through global, team and friend-based channels. By combining these complementary features, Singlepoint aims to take advantage of the current…

TuesdayAug 02, 2016 1:40 pm

Qualcomm (QCOM) and OPPO Enter New 3G/4G Patent License Agreement in China

Recently, Qualcomm, Inc. (NASDAQ: QCOM) and OPPO Mobile Telecommunications Corp. Ltd. announced their entry into a new 3G and 4G Chinese patent license agreement (http://nnw.fm/5R6ih). OPPO now has a royalty patent license to design, produce, and sell 3G and 4G, including 3-mode complete terminals. OPPO will be responsible for paying the royalties, as was determined by the terms of the rectification plan that China’s National Development and Reform Commission received from Qualcomm. This new agreement was put in place to bring to light Qualcomm’s continuous efforts to improve collection of technology licenses in China. The agreement will also give OPPO…

MondayAug 01, 2016 4:11 pm

Highpower International, Inc. (HPJ) Ships Portable Power Stations to Fry’s Electronics Ahead of Planned September Launch

In a recent news release, Highpower International, Inc. (NASDAQ: HPJ) announced the shipment of its portable power station (PPS) products to Fry’s Electronics, an American retailer of software, consumer electronics, household appliances and computer hardware. The products are expected to be available for sale at select stores in the United States as early as September of this year. For Highpower, this shipment marks the culmination of more than two years of development for its PPS product line. According to George Pan, the company’s chief executive officer, Highpower has completed thorough testing and experimentation with its products “under a wide variety…

MondayAug 01, 2016 2:11 pm

Bank of Hope (HOPE) formed from Merger of BBCN Bancorp and Wilshire Bancorp

On Friday July 29, 2016, BBCN Bancorp, Inc. and Wilshire Bancorp, Inc. announced they had completed a merger of equals to take effect at the end of the business day. The new entity is expected to enjoy considerable cost savings from branch closures since, as separate entities, they have dozens of outlets in close proximity. Before the merger, BBCN and Wilshire were the two largest Korean-American banks operating in the U.S. The holding company for the combined entity will operate under the name Hope Bancorp, Inc. (NASDAQ: HOPE). Announcing the merger, Kevin S. Kim, president and chief executive officer of…