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Wednesday, May 1, 2024

Stocks to Watch in the Evolution of Batteries - (NYSE American: $KULR) (Nasdaq: $ENVX) (NYSE: $SES) (NYSE: $QS) @KULRTech @EnovixBatteries @ses_ai @QuantumScapeCo

Stocks to Watch in the Evolution of Batteries - (NYSE American: $KULR) (Nasdaq: $ENVX) (NYSE: $SES) (NYSE: $QS) @KULRTech @EnovixBatteries @ses_ai @QuantumScapeCo

   


May 1, 2024- Investorideas.com, a go-to investing platform covering battery stocks releases a news report drilling down on developments for better batteries, featuring KULR Technology Group, Inc.  (NYSE American: KULR), a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy.

 

Read this article, featuring KULR in full at https://www.investorideas.com/news/2024/renewable-energy/05011Evolution-of-Batteries.asp

 

For investors that use the ‘Follow the Money’ strategy, the big guys are betting that silicon will address some of the limitations of lithium batteries the industry is facing.

 

According to a recent article on CNBC, “Porsche, Mercedes and GM are betting on silicon-anode batteries. Batteries made with silicon instead of graphite - the commonly used material in battery anodes today - have been shown to enable significantly higher energy density and faster charging.”

 

But that is not the only path of innovation for safer and more efficient batteries. From using AI to make battery technology more efficient, and collaborations with other battery leaders, the battery race is leading us into space with companies like KULR Technology Group, Inc. (NYSE American: KULR) . 

 

For investors following some of the smaller innovators in the space, the following is a news snapshot of recent developments:

 

KULR Technology Group, Inc. (NYSE American: KULR) just announced a leap forward in battery technology tailored for defense and space applications as KULR Technology Group (NYSE: KULR) and Amprius Technologies (NYSE: AMPX) officially announce their strategic partnership. This collaboration heralds the integration of Amprius' innovative high performance cylindrical cell into KULR ONE Space and Guardian battery architectures, renowned for their high reliability and robust safety protection, for aerospace and military applications. At the heart of this partnership is Amprius' silicon-anode SA10 cells, which are set to provide a tactical edge through superior energy density and discharge capability. The incorporation of these cells into KULR ONE Space & Guardian reference designs will ensure a propagation-resistant structure, equipped with the necessary safety measures to meet stringent specifications for defense and space operations.                   

 

From the news: KULR Technology Group is poised to incorporate these cutting-edge cells into forthcoming standard battery models like the BB 2590 and into commercialized variations of the KULR ONE Space 100 to 400 Wh variations, harnessing our NASA-certified screening practices, or similar, to bolster safety. This crucial step meets a fundamental requirement for battery packs destined for crewed space flights, in compliance with the NASA JSC 20793 standard and for next generation military battery packs required to satisfy extensive environmental testing requirements such as MIL-STD-810H. Working jointly with Amprius and NASA, KULR is committed to securing the essential approvals for the SA10's use in battery packs for these vital missions and applications.

 

A recent collaborative report by the World Economic Forum and consultancy firm McKinsey & Company highlights the potential of the global space economy to address major industry and societal issues. The report forecasts that by 2035 the sector’s valuation could reach $1.8 trillion, putting it on par with the influential semiconductor industry. The study envisions space technologies becoming as integral to daily life as semiconductors are currently, driven primarily by advancements in communications positioning, navigation and timing, and Earth observation services.

 

Continued: KULR CEO Michael Mo remarked, "The innovation encapsulated within the SA10 cell, and the agility demonstrated by Amprius, align seamlessly with our commitment to serving high reliability sectors. This is an ideal strategic partnership for our KULR ONE platform utilizing their high energy density cell. Together, we are positioned to exceed the expectations of our mission-critical customers.”

 

Amprius Technologies’ CEO Dr. Kang Sun praised the alliance, stating, "KULR's unwavering dedication to safety and innovation, coupled with their ability to rapidly produce prototypes, is indispensable. KULR’s adoption of Amprius’ industry-leading cell based on the SiCore™ product line not only allows us to enter new markets with cutting-edge technology, but it also propels ongoing development for future demands."

 

This strategic partnership sets a new standard for battery solutions in high-stakes environments, reflecting both companies' visions for a safer, more efficient future. The integration of Amprius' SA10 cells into KULR's battery packs is poised to revolutionize the landscape of power sources for the defense and aerospace sectors, offering unprecedented reliability and safety.

 

Enovix Corporation (Nasdaq: ENVX), a global high-performance battery company, recently   announced it completed Factory Acceptance Testing (“FAT”) for its Gen2 Agility Line and is on track to produce first silicon battery samples from Fab2 in the second quarter of 2024.

 

From the news: “I’m proud to announce the team has completed our rigorous FAT process for all machines that make up our Agility Line,” said Ajay Marathe, Chief Operating Officer at Enovix. “SAT is also well underway. Both FAT and SAT processes ensure that we only place machines into service that meet our specifications for throughput, yield and machine uptime. I’m extremely pleased with the results so far. We’re on track to produce our first EX-1M samples for mobile and IoT customers in Q2.”

 

Continued: Enovix patented manufacturing process uses dozens of machines to produce battery cells with a unique architecture that enables the use of a 100% active silicon anode for higher energy density.

 

“I’m incredibly proud of the hard work from the entire operations team to get us to this major milestone on our Journey to Scale,” said Dr. Raj Talluri, President and CEO of Enovix. “In just 100 days, the team built a worldclass factory, putting us on the path to produce first samples of our silicon batteries from Fab2 this quarter.”

 

SES AI (NYSE: SES)  (is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to battery health and safety monitoring.

 

SES AI recently announced that it signed an agreement to enter the next phase of its existing joint development agreement ("JDA") with Hyundai Motor Company (‘’Hyundai Motor’’) and Kia Corporation ("Kia") to start developing B samples.

 

As part of the agreement with Hyundai Motor and Kia, SES AI will build a dedicated B-sample cell development, assembly and testing facility in Ui-Wang, South Korea starting later this year, and SES AI will build and operate one of the largest capacity Li-Metal lines in the world within this new facility. This collaboration is the first of its kind in the Li-Metal battery industry and represents an important milestone in achieving commercial production.

 

The expansion of the relationship with Hyundai Motor and Kia means that SES AI is the first Li-Metal battery company in the world to have two B-sample development JDAs underway. SES AI previously announced its first B-sample JDA with another major automaker in December 2023. In addition to these two B-sample lines, SES AI is also converting another A-sample line to produce Urban Air Mobility (UAM) battery cells.

 

With a mission to transform energy storage, QuantumScape Corporation (NYSE: QS), a leader in next-generation solid-state lithium-metal battery technology, today announced it started customer shipments of Alpha-2 prototype battery cells, fulfilling a goal for 2024.

 

From the news: Alpha-2 prototypes are a significant milestone on the roadmap to deliver QSE-5, QuantumScape’s first planned commercial product. QuantumScape entered the automotive qualification process in December 2022 after shipping A0 prototypes to customers. Alpha-2 prototypes integrate many of the company’s significant component improvements made over the last year. The six-layer Alpha-2 prototype is more energy-dense than the earlier 24-layer A0 prototype. This is primarily due to higher-loading cathodes (i.e., packed with more active material) and more efficient packaging that optimizes the materials and space within the cell. The packaging improvements include tighter internal margins, thinner current collectors, and a slimmer design, all of which are integral to the final product.

 

Continued: As an intermediate step between the A0 and the QSE-5 B0 prototypes planned for later this year, Alpha-2 cells feature the main functionality of the QSE-5 and are an opportunity for customers to test key performance parameters and prototype-level reliability. While Alpha-2 prototypes are being tested in customer labs, QuantumScape is working to integrate those component-level improvements into the planned QSE-5 cells, which will consist of 24 layers and use electrolyte-separators produced using the faster Raptor equipment and process.

 

"The Alpha-2 shipments represent an important milestone on our path to commercialization," said Dr. Siva Sivaram, President and CEO of QuantumScape. "Customer feedback is the most critical input in the product development cycle as it provides insight into areas that need improvement and strengthens collaboration. The faster we can get new product iterations into customers’ hands, the faster we get to production. We are very encouraged by the initial Alpha-2 performance results and excited about the first QSE-5 cells we expect to manufacture later this year."

 

For investors following the battery evolution, it is an electrifying journey with more to come! 

 

Research battery stocks at Investorideas.com

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp#Battery-Energy-Storage-Backup-Stocks

 

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Tuesday, April 30, 2024

Global Silicon-Based Anode Battery Market Size Is Expected To Reach $3.4 Billion By End Of 2031; (NYSE: $KULR) (NASDAQ: $ENVX) (NASDAQ: $SLDP) (NYSE: $FREY) (NYSE: $QS) @FNMgroup @KULRTech

Global Silicon-Based Anode Battery Market Size Is Expected To Reach $3.4 Billion By End Of 2031; (NYSE: $KULR) (NASDAQ: $ENVX) (NASDAQ: $SLDP) (NYSE: $FREY) (NYSE: $QS) @FNMgroup @KULRTech

 


Palm Beach, FL – April 30, 2024 – FN Media Group News Commentary – A recent breakthrough in technology has experts saying that new heights are soon to be in sight for Lithium-ion battery performance. Batteries made with silicon instead of graphite — the commonly used material in battery anodes today — have been shown to enable significantly higher energy density and faster charging. A report from Transparence Market Research projected that the global silicon-based anode market size is estimated to grow at a CAGR of 69.9% through 2031 and reach us$ 3.4 Billion by the end of 2031.  Also a recent report on CNBC said that: “Silicon anode has 10 times higher energy density than graphite,” according to CEO Kang Sun of Amprius Technologies, one of the companies working on the technology.  “We’ve demonstrated that we can charge to 80 percent in under six minutes,” added Jon Bornstein, the company’s chief operating officer. Amprius is already working with Airbus, the U.S. Army, AeroVironment and BAE Systems on early iterations of its silicon-anode batteries.   Sila Nanotechnologies, which was started by a group of ex-Tesla battery engineers, is also working on silicon-anode technology. The company has been in the market since 2021 with its Titan Silicon product used in the Whoop fitness tracker. It is now scaling into automotive production.  “Our first automotive customer is going to be Mercedes,” CEO and co-founder Gene Berdichevsky said. “They announced a supply agreement with us to put us in their electric vehicles and they’re going to start with the iconic G Wagon.”   Active defense stocks in news today include:  KULR Technology Group, Inc. (NYSE: KULR), Enovix Corporation (NASDAQ: ENVX), Solid Power, Inc. (NASDAQ: SLDP), FREYR Battery (NYSE: FREY), QuantumScape Corporation (NYSE: QS).

 

Read this in full at https://www.financialnewsmedia.com/global-silicon-based-anode-battery-market-size-is-expected-to-reach-3-4-billion-by-end-of-2031/

 

Porsche also plans to use silicon-anode technology in its vehicles, and has invested in Washington state-based Group14 Technologies.  “The head of R&D for Porsche … said, at Porsche, the soul of the vehicle has been the engine and the transmission … they believe the next soul of the vehicle is going to be the battery cell,” Group14 CEO and co-founder Rick Luebbe said.  All three companies have announced plans to build domestic gigawatt-hour scale manufacturing facilities in the next few years. Funding support has come from the U.S. Department of Energy as part of President Biden’s infrastructure bill to boost America’s battery supply chains and production.”

 

KULR Technology Group, Inc. (NYSE American: KULR) and Amprius Technologies Form Strategic Partnership for Advanced Battery Packs – KULR ONE Space and KULR ONE Guardian Platforms to Integrate Amprius Silicon Anode SA10 Cells – KULR Technology Group, (the “Company” or “KULR”), a global leader in safe and high performance energy storage solutions, today announced a leap forward in battery technology tailored for defense and space applications as KULR Technology Group and Amprius Technologies (NYSE: AMPX) officially announce their strategic partnership. This collaboration heralds the integration of Amprius’ innovative high performance cylindrical cell into KULR ONE Space and Guardian battery architectures, renowned for their high reliability and robust safety protection, for aerospace and military applications. At the heart of this partnership is Amprius’ silicon-anode SA10 cells, which are set to provide a tactical edge through superior energy density and discharge capability. The incorporation of these cells into KULR ONE Space & Guardian reference designs will ensure a propagation-resistant structure, equipped with the necessary safety measures to meet stringent specifications for defense and space operations.

 

KULR Technology Group is poised to incorporate these cutting-edge cells into forthcoming standard battery models like the BB 2590 and into commercialized variations of the KULR ONE Space 100 to 400 Wh variations, harnessing our NASA-certified screening practices, or similar, to bolster safety. This crucial step meets a fundamental requirement for battery packs destined for crewed space flights, in compliance with the NASA JSC 20793 standard and for next generation military battery packs required to satisfy extensive environmental testing requirements such as MIL-STD-810H. Working jointly with Amprius and NASA, KULR is committed to securing the essential approvals for the SA10’s use in battery packs for these vital missions and applications.

 

A recent collaborative report by the World Economic Forum and consultancy firm McKinsey & Company highlights the potential of the global space economy to address major industry and societal issues. The report forecasts that by 2035 the sector’s valuation could reach $1.8 trillion, putting it on par with the influential semiconductor industry. The study envisions space technologies becoming as integral to daily life as semiconductors are currently, driven primarily by advancements in communications positioning, navigation and timing, and Earth observation services.

 

KULR CEO Michael Mo remarked, “The innovation encapsulated within the SA10 cell, and the agility demonstrated by Amprius align seamlessly with our commitment to serving high reliability sectors. This is an ideal strategic partnership for our KULR ONE platform utilizing their high energy density cell. Together, we are positioned to exceed the expectations of our mission-critical customers.”

 

Amprius Technologies’ CEO Dr. Kang Sun praised the alliance, stating, “KULR’s unwavering dedication to safety and innovation, coupled with their ability to rapidly produce prototypes, is indispensable. KULR’s adoption of Amprius’ industry-leading cell based on the SiCore™ product line not only allows us to enter new markets with cutting-edge technology, but it also propels ongoing development for future demands.”

 

This strategic partnership sets a new standard for battery solutions in high-stakes environments, reflecting both companies’ visions for a safer, more efficient future. The integration of Amprius’ SA10 cells into KULR’s battery packs is poised to revolutionize the landscape of power sources for the defense and aerospace sectors, offering unprecedented reliability and safety.  CONTINUED…  Read this entire press release and more news for KULR at:  https://www.financialnewsmedia.com/news-kulr/

In other defense industry developments of note:

 

Enovix Corporation (NASDAQ: ENVX), a global high-performance battery company, recently announced it has completed Factory Acceptance Testing (“FAT”) for its Gen2 Agility Line and is on track to produce first silicon battery samples from Fab2 in the second quarter of 2024.

 

“I’m proud to announce the team has completed our rigorous FAT process for all machines that make up our Agility Line,” said Ajay Marathe, Chief Operating Officer at Enovix. “SAT is also well underway. Both FAT and SAT processes ensure that we only place machines into service that meet our specifications for throughput, yield and machine uptime. I’m extremely pleased with the results so far. We’re on track to produce our first EX-1M samples for mobile and IoT customers in Q2.”  Enovix patented manufacturing process uses dozens of machines to produce battery cells with a unique architecture that enables the use of a 100% active silicon anode for higher energy density.

 

Solid Power, Inc. (NASDAQ: SLDP), a developer of solid-state battery technology, recently announced that it will release its first quarter 2024 results after market close on Tuesday, May 7, 2024, to be followed by a conference call at 2:30 p.m. MT (4:30 p.m. ET) on the same day.

Interested investors and other parties can listen to a webcast of the live conference call through Solid Power’s Investor Relations website at www.solidpowerbattery.com/investor-relations.

 

The conference call can also be accessed live over the phone by dialing +1-844-808-7138 (domestic) or +1-412-317-0536 (international).  A recording of the conference call will be available approximately three hours after the completion of the call at www.solidpowerbattery.com/investor-relations or by dialing +1-844-512-2921 (domestic), or +1-412-317-6671 (international). The pin number for the replay is 10187372. The replay will be available until 9:59 p.m. MT (11:59 p.m. ET) on May 21, 2024.

 

FREYR Battery (NYSE: FREY), a developer of next-generation battery cell production capacity, recently announced that it will publish a press release detailing first quarter 2024 results and conduct a conference call on May 8, 2024.

 

The first quarter 2024 press release will be issued by 6:00 am U.S. Daylight Time (12:00 pm Central European Time). The conference call is scheduled to begin at 8:30 am Eastern Daylight Time (2:30 pm Central European Time).

 

To access the conference call, listeners should contact the conference call operator at the appropriate number listed below approximately 10 minutes prior to the start of the call.

Participant conference call dial-in numbers: United States (646) 307-1963; United Kingdom +44.20.3481.4247; Norway +47.57.98.94.30; Denmark +45.32.74.07.10; Spain +34.910.489.958

;Germany +49.69.589964217; Sweden +46.8.505.246.90

The participant passcode for the call is: 7135736

 

QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, recently announced its business and financial results for the first quarter of 2024, which ended March 31.  The company posted a letter to shareholders on its Investor Relations website, ir.quantumscape.com, that details first-quarter financial results and provides a business update.

 

QuantumScape will host a live webcast today at 2 p.m. Pacific Time (5 p.m. Eastern Time), accessible via its IR Events page. Siva Sivaram, chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call.  An archive of the webcast will be available shortly after the call for 12 months.

 

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty two hundred dollars for news coverage of the current press releases issued by KULR Technology Group, Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

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Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

 

SOURCE: FN Media Group

 

 


Monday, April 29, 2024

April Wrap Up- Stocks to Watch (NASDAQ: $PXMD) (Nasdaq: $RLYB) (NASDAQ: $CYN) (NASDAQ: $MSGM)

   April Wrap Up- Stocks to Watch (NASDAQ: $PXMD) (Nasdaq: $RLYB) (NASDAQ: $CYN) (NASDAQ: $MSGM)

 

Stocks to Watch in Biotech, Cannabis, Green, eSport and Tech- (NASDAQ: $AVTX) (NASDAQ: $AKAN) (NASDAQ: $VVPR) (NASDAQ: $RENT)

 



 

 

April 29, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the Biotech, Cannabis, Green, eSport and Tech sectors.  

 

Read this in full at https://www.investorideas.com/news/2024/main/04291Stocks.asp

 

This week’s new companies are involved in a variety of sectors; biotech companies are involved in treating neurologic disorders, rare diseases and immune dysregulation, and the latest cannabis company is also looking to enter the AI and blockchain sectors.

 

The newest green company provides global sustainable energy solutions, while the latest eSport company is a racing game developer, publisher and esports ecosystem provider.

 

The newest tech companies are involved in providing a “Closet in the Cloud” for the fashion industry and autonomous vehicle technology, respectively.

 

Investor Ideas is always researching and searching for new stocks to add to our growing list of free stock directories. The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

New Stocks Added to the Biotech Directories:

PaxMedica, Inc. (NASDAQ:PXMDis a forward-looking clinical-stage biopharmaceutical firm specializing in cutting-edge anti-purinergic drug therapies (APT) aimed at addressing a range of challenging neurologic disorders. Our comprehensive portfolio encompasses a spectrum of conditions, including neurodevelopmental disorders such as Autism Spectrum Disorder (ASD), as well as other critical areas within the neurology field. Additionally, we intend to provide the rest of the world with an additional, reliable source of suramin, the accepted standard of care for Stage 1, Trypanosoma Brucei Rhodesiense. We are dedicated to the continuous development and evaluation of our pioneering program, PAX-101, an intravenous suramin formulation that lies at the heart of our efforts, particularly focused on innovative ASD treatment solutions. Our ongoing research initiatives not only prioritize the needs of ASD patients, but also extend to exploring potential therapeutic applications for related conditions.

 

Rallybio Corporation (Nasdaq: RLYB) is a clinical-stage biotechnology company with a mission to develop and commercialize life-transforming therapies for patients with severe and rare diseases. Rallybio has built a broad pipeline of promising product candidates aimed at addressing diseases with unmet medical need in areas of maternal fetal health, complement dysregulation, hematology, and metabolic disorders. The Company has two clinical stage programs: RLYB212, an anti-HPA-1a antibody for the prevention of fetal and neonatal alloimmune thrombocytopenia (FNAIT) and RLYB116, an inhibitor of complement component 5 (C5), with the potential to treat several diseases of complement dysregulation, as well as additional programs in preclinical development. Rallybio is headquartered in New Haven, Connecticut.

 

Avalo Therapeutics, Inc. (NASDAQ:AVTX) is a clinical stage biotechnology company focused on the treatment of immune dysregulation. Avalo’s lead asset is AVTX-009, an anti-IL-1β mAb, targeting inflammatory diseases. Avalo’s pipeline also includes quisovalimab (anti-LIGHT mAb) and AVTX-008 (BTLA agonist fusion protein).

 

New Stocks Added to the Cannabis Directories:

Akanda Corp. (NASDAQ: AKAN) is an international medical cannabis and wellness platform company seeking to help people lead better lives through improved access to high quality and affordable products. Akanda's portfolio includes CanMart, a UK-based fully licensed pharmaceutical importer and distributor which supplies pharmacies and clinics within the UK. The Company's seed-to-patient supply chain also includes partnerships Cellen Life Sciences' Leva Clinic, one of the first fully digital pain clinics in the UK. Akanda also acquired the right to develop a Canadian farming property in British Columbia, including farming land and related operations and licenses. The Company plans to develop THC and cannabinoid (CBD) facilities at this site.

 

New Stocks Added to the Green Directories:

VivoPower International PLC (NASDAQ: VVPR) is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for customised and ruggedised fleet applications, battery and microgrids, solar and critical power technology and services. The Company’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel in Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

 

New Stocks Added to the eSport Directories:

Motorsport Games Inc. (NASDAQ: MSGM) a Driven Lifestyle Group company, is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, recently releasing Le Mans Ultimate in Early Access. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also serves as the official sim racing platform of Formula E, while also powering F1 Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.

 

New Stocks Added to the Tech Directories:

Cyngn Inc. (NASDAQ: CYN) develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand for eCommerce. Cyngn's DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments. Cyngn's flagship product, its Enterprise Autonomy Suite, includes DriveMod (autonomous vehicle system), Cyngn Insight (customer-facing suite of AV fleet management, teleoperation, and analytics tools), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).

 

Rent the Runway, Inc. (NASDAQ: RENT) is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud, the world’s first and largest shared designer closet. RTR’s mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of millions of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear. RTR has built a two-sided discovery engine, which connects deeply engaged customers and differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list four times, while Hyman herself has been named to the "TIME 100: Most Influential People in the World" and as one of People Magazine’s “Women Changing the World."

 

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Thursday, April 25, 2024

Meta Platforms Inc. (NASDAQ: META) Exceeds Expectations in the First Quarter of 2024 but Falls

Meta Platforms Inc. (NASDAQ: META) Exceeds Expectations in the First Quarter of 2024 but Falls: Meta Platforms Inc. (NASDAQ: META) Exceeds Expectations in the First Quarter of 2024 but Falls

Breaking AI Stock News: Alset Capital Inc. (TSXV: $KSUM.V) Announces C$5.5 Million Two-Year AI Compute Leasing Agreement Signed by Investee Company Cedarcross Technologies; @AlsetAI

Breaking AI Stock News: Alset Capital Inc. (TSXV: $KSUM.V) Announces C$5.5 Million Two-Year AI Compute Leasing Agreement Signed by Investee Company Cedarcross Technologies; @AlsetAI

 


VANCOUVER, BC - April 25, 2024 (Investorideas.com Newswire) Alset Capital Inc. (TSXV:KSUM) (FSE:1R60, WKN:A3ESVQ) ("Alset" or the "Company") is pleased to announce that its 49% owned investee company, Cedarcross International Technologies Inc. ("Cedarcross Technologies"), has entered into a two-year AI Computing leasing agreement (the "Agreement"), with an arm's length counterparty. The Agreement is expected to generate approximately CAD$5.5 million in total revenue, with aggregate gross margin of approximately CAD$4.4 million over the contract's duration.

 

Read this news, featuring KSUM in full at https://www.investorideas.com/news/2024/technology/04251KSUM-AI-Compute-Leasing-Agreement.asp

 

Under the terms of the Agreement, Cedarcross Technologies will provide approximately 700,000 compute hours annually, totaling 1.4 million AI compute hours over the contract's duration. This agreement, with an esteemed arm's length third-party enterprise client, underscores Cedarcross Technologies growing influence and capabilities in the realm of AI infrastructure.

 

The Agreement outlines a structured monthly payment plan, with Cedarcross Technologies expecting to receive approximately CAD$223k monthly.

 

Cedarcross Technologies to Address Surging Demand for AI Computing Capacity

Cedarcross Technologies' mission to democratize access to high-performance AI computing is propelled by the overwhelming global demand for compute power, as highlighted in a recent interview with Sam Altman, CEO of OpenAI. Altman emphasized the critical role of computing power, suggesting that "compute" will be the "currency of the future." He stressed the need for substantial investments to increase computing capabilities, comparing the market for computing chips to that of mobile phones and predicting a significant difference in demand.1 Cedarcross Technologies, aligned with this vision, is strategically positioned to address this escalating demand by providing access to the world's fastest AI servers, leveraging Nvidia's H100 HGX GPUs.

 

Furthermore, Cedarcross Technologies' initiatives are in sync with the Canadian Government's recent announcement of a $2.4 Billion AI Budget, with a substantial portion allocated to funding computing capabilities and technical infrastructure.2 This significant investment underscores the critical importance of AI computing in driving technological innovation and economic growth.

 

Through a strategic partnership with a major North American data center provider boasting over 40 facilities, Cedarcross Technologies' ensures seamless connectivity and reliability, supported by fiber optic connectivity, UPS backup, and localized computing capabilities. By leasing compute power to enterprise clients, Cedarcross Technologies' facilitates AI workload training, driving revenue and scalability while meeting market demand for computing power.

 

TradingView

Securing Canada's AI Advantage

 

On behalf of Alset Capital Inc.

"Morgan Good"

Morgan Good
Chief Executive Officer

 

About Alset Capital Inc.

Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

 

Alset Capital Inc.'s investment portfolio comprises 49% ownership of Cedarcross International Technologies Inc. and 49% ownership of Vertex AI Ventures Inc.

 

About Cedarcross International Technologies Inc.

Cedarcross Technologies is an Artificial Intelligence cloud computing provider, with a vision of becoming one of Canada's largest AI compute providers. The Company is dedicated to democratizing access to cutting-edge AI computing, offering access to the world's fastest AI servers powered by Nvidia's H100 HGX 8GPU Servers. Focused on leasing compute resources to enterprise clients, Cedarcross Technologies anticipates significant revenue growth.

 

For further information about Alset Capital Inc., please contact:

Morgan Good, CEO and Director
T: 604.715.4751
E:
morgan@alsetai.com

 

Cautionary Note regarding Forward Looking Statements

Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the consummation of the transactions contemplated by the Agreement, the Nvidia H100 HGX 8GPU servers' revenue generation, growth of the global cloud AI market and the review and acceptance of the TSX Venture Exchange. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE: Alset Capital Inc.

 

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