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Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company
Prism Media Wire· 2025-07-18 12:30
Company Overview - Blackboxstocks Inc. is a financial technology and social media hybrid platform that provides real-time analytics and news for stock and options traders [14] - The company is pursuing an acquisition of REalloys, Inc., a U.S.-based integrated rare earth company, to enhance stockholder value while continuing its fintech operations through its subsidiary, Blackbox.io Inc. [1][9] Acquisition Details - A definitive merger agreement was executed on March 10, 2025, to acquire REalloys, which specializes in high-performance magnet materials [2] - REalloys is positioned to strengthen the critical supply chain for U.S. national defense and advanced technologies [2] - The Hoidas Lake Rare Earth Deposit in Saskatchewan, Canada, acquired by REalloys, is one of the richest sources of rare earth elements, with a mineral resource totaling 2,153,000 metric tonnes at an average grade of 1.906% [3] Strategic Developments - On April 9, 2025, REalloys acquired 100% of PMT Critical Metals Inc., enhancing its production capabilities and intellectual property [4] - The facility in Euclid, Ohio, produces rare earth metals for key clients, including the U.S. Defense Logistics Agency and the Department of Energy [5] - A joint Memorandum of Understanding was signed with the Saskatchewan Research Council to advance the commercial production of high-performance rare earth magnet materials [6] Production Capacity and Goals - The combined production capacity of the facilities is targeted to reach 500 metric tonnes per year by 2026 and 1,000 metric tonnes by 2028 [7] - The merger is expected to provide access to the lucrative domestic rare earth and magnet materials sector, benefiting stockholders [9][10] Financial and Shareholder Impact - Upon closing of the merger, Blackbox legacy stockholders will own approximately 7.3% of the combined company's shares [12] - Stockholders will receive Contingent Value Rights (CVRs) entitling them to net proceeds from any future sale of Blackbox fintech operations within 24 months following the merger [12]
Allied Energy Corporation (OTC: AGYP) Signs Strategic MOU with Green Rain Energy Holdings (OTC: GREH) to Convert Stranded Gas into Power for Texas-Based EV Charging Infrastructure
Prism Media Wire· 2025-07-17 13:14
Core Insights - Allied Energy Corporation has signed a strategic Memorandum of Understanding (MOU) with Green Rain Energy Holdings to supply natural gas for electric vehicle (EV) charging stations in Texas and other U.S. markets [3][5][12] - The partnership aims to convert stranded and underutilized gas resources into sustainable energy, positioning Allied Energy at the forefront of Texas's energy transition [5][13] - The initiative is expected to generate recurring revenue in the $120 billion EV charging market while promoting decarbonization and supporting Texas's energy independence goals [5][24] MOU Details - The MOU will last for 120 days and is expected to lead to a definitive Energy Purchase and Sales Agreement (EPSA) upon site development commencement [22] - Green Rain Energy Holdings will identify priority charging station corridors, while Allied Energy will provide energy resources to power Level 3 DC fast chargers [15][22] - The project will utilize small-scale turbine or generator units to bypass lengthy grid interconnect timelines, enabling rapid deployment in key areas such as West Texas and along I-35 and I-10 [15][22] Economic and Environmental Impact - The partnership is aligned with Texas's eligibility for over $400 million in NEVI funding to expand EV infrastructure [12] - With over 1 million EVs projected on Texas roads by 2030, there is a growing need for localized power generation to support fast-charging infrastructure [13] - The initiative supports Texas's dual mandate of energy independence and carbon reduction, providing a cleaner alternative to diesel-based mobile charging units [24]
AmpliTech Group Joins Four Key Russell Indexes, Marking a Significant Milestone in Capital Market Recognition
Prism Media Wire· 2025-07-16 12:34
Core Viewpoint - AmpliTech Group, Inc. has been added to four major Russell indexes, marking a significant milestone in its recognition within the capital markets [1][2]. Company Overview - AmpliTech Group is a designer, developer, and manufacturer of advanced signal processing components for various communication networks, including satellite and 5G systems [1][5]. - The company operates through five divisions, focusing on radio frequency microwave components and ORAN 5G network solutions, serving global markets such as telecommunications, space exploration, and defense [5]. Market Recognition - Inclusion in the Russell 3000E, Russell 3000E Growth, Russell Microcap, and Russell Microcap Growth indexes enhances AmpliTech's visibility to institutional investors and signals its growth-oriented innovation in the communications sector [2][3]. - The index inclusion reflects growing institutional interest in AmpliTech's long-term vision and technology [3]. Recent Achievements - The company has secured multi-million-dollar follow-on purchase orders related to a $40 million Letter of Intent (LOI) for 5G ORAN radios from a Tier-1 mobile network operator, with shipments commencing in Q2 2025 [3]. - AmpliTech has received FCC, CE, and REACH certifications for its next-generation ORAN 5G radios, facilitating broader deployment in the U.S. for public and private networks [7]. Strategic Focus - Despite market volatility, AmpliTech's strong fundamentals and strategic focus position it for sustained long-term growth [4]. - The company has made strategic board appointments to enhance its engineering and policy expertise, guiding its next phase of growth [7].
Sanwire Files Complaint Against Intercept Music and Trillium Partners LP Seeking Return and Cancellation of Over 2,000,000,000 Sanwire's Common Shares Plus Court-Approved Monetary Compensation
Prism Media Wire· 2025-07-15 12:46
Core Viewpoint - Sanwire Corporation has filed a complaint against Intercept Music and Trillium Partners LP seeking the return and cancellation of over 2 billion common shares, along with court-approved monetary compensation due to alleged breaches of an acquisition agreement and improper financial transactions [1][3][4]. Summary of Events - Sanwire entered into an acquisition agreement with Intercept Music on March 5, 2020, purchasing its assets through the issuance of common and preferred stock [4]. - Intercept Music raised approximately $2.5 million by selling Sanwire's common stock and issuing convertible notes between December 2020 and March 2023, with Sanwire not receiving any proceeds from these funds [4]. - A $115,000 Convertible Promissory Note was negotiated between Intercept Music and Trillium, with funds wired directly to Intercept Music's account, again without Sanwire receiving any proceeds [4]. - Trillium converted $122,230.41 of the note into 642,147,984 common shares of Sanwire, significantly impacting the company's share price and increasing the total issued shares to 2,901,074,406 [4]. Relief Sought - The complaint requests the return and cancellation of 2,003,714,303 common shares to improve Sanwire's capital structure and attract future investments [6]. - Specific demands include the return of 1,361,566,319 common shares and 8,853,000 Series C Preferred shares, along with a payment of $250,000 for fees related to the acquisition transaction [8]. - Sanwire seeks reimbursement for the converted amount of the Trillium Note, all incurred expenses, and the assumption of all convertible and promissory notes for which it remains the obligor [8].
SS Innovations Announces Completion of World's First Robotic Telesurgery for Weight Loss with the Company's SSi Mantra 3 Surgical Robotic System
Prism Media Wire· 2025-07-10 12:45
Core Insights - SS Innovations International, Inc. has successfully completed the world's first robotic telesurgery for weight loss using the SSi Mantra 3 surgical robotic system, marking a significant milestone in the field of robotic surgery [2][3][5] Company Overview - SS Innovations is dedicated to making robotic surgery affordable and accessible globally, with a focus on innovative surgical robotic technologies [2][7] - The company is headquartered in India and aims to expand its global presence with user-friendly and cost-effective surgical robotic solutions [7] Surgical Procedure Details - The telesurgery involved two One-Anastomosis Gastric Bypass (OAGB) surgeries, which are advanced bariatric procedures aimed at long-term weight loss and improved metabolic health [4][8] - The surgeries were performed remotely over a distance of 560 miles, showcasing the capabilities of the SSi Mantra 3 system with zero perceptible lag and flawless precision [3][8] Technological Advancements - The SSi Mantra surgical robotic system features a modular design with 3 to 5 robotic arms, an ergonomic command center, and advanced imaging capabilities, supporting various surgical specialties [11] - The system has been clinically validated in over 100 different types of surgical procedures in India, demonstrating its versatility and effectiveness [11] Vision and Impact - The company emphasizes its mission to democratize robotic surgery, bridging healthcare gaps and making advanced surgical care accessible to remote regions [5][6] - SS Innovations aims to redefine surgical care access, equity, and excellence through its innovative technologies and humanitarian vision [6]
Sono-Tek Reports First Quarter FY 2026 Financial Results
Prism Media Wire· 2025-07-10 11:01
Core Insights - Sono-Tek Corporation reported its fifth consecutive quarter of revenue exceeding $5 million, driven by a significant order completion in the advanced solar market valued at $2.95 million [1][2][3] - The company achieved a gross margin of 52%, an increase from 49% in the previous year, and operating income rose by 103% year-over-year [1][7] - Despite strong performance in the first half of FY 2026, the company maintains a cautious full-year revenue outlook due to uncertainties surrounding governmental clean energy incentives and tariff policies [2][5] Financial Performance - Net sales for the first quarter of FY 2026 reached $5.13 million, a 2% increase from $5.03 million in the same quarter of FY 2025 [7] - Gross profit increased to $2.7 million, up 9% from $2.5 million year-over-year, contributing to a gross margin expansion [7] - Operating income rose to $483 thousand, a 103% increase compared to $238 thousand in the first quarter of FY 2025 [7] - Net income for the quarter was $485 thousand, reflecting a 47% increase from $331 thousand in the prior year [7] Market and Product Insights - Sales in the Alternative/Clean Energy market increased by 42% year-over-year, driven by production-scale system shipments, including a high ASP order of $2.95 million [9] - Integrated Coating Systems sales surged by 309% to $3.05 million, primarily due to a repeat order for high ASP systems [8] - Multi-Axis Coating Systems sales declined by 75% to $677,000, attributed to reduced R&D funding in the clean energy sector following government policy shifts [8] Guidance and Outlook - The company expects continued revenue growth and strong profitability in the first half of FY 2026, supported by a backlog of $7.5 million [5][6] - Full-year revenue growth is anticipated to be relatively flat due to market adjustments in response to recent governmental policy changes [5][6] - The company remains focused on high ASP orders and is well-positioned to navigate potential short-term demand shifts [3][5] Balance Sheet Overview - As of May 31, 2025, Sono-Tek reported cash, cash equivalents, and marketable securities totaling $10.9 million, with no debt on its balance sheet [16] - Stockholders' equity stood at $18.3 million, reflecting a healthy financial position [16]
AmpliTech Group's 5G Division Receives $2.9 Million Follow-On Orders As Part Of $40M LOI For 5G ORAN Radio Products From Tier 1 MNO
Prism Media Wire· 2025-07-08 12:30
Core Insights - AmpliTech Group's 5G division has received follow-on orders totaling $2.9 million as part of a $40 million Letter of Intent (LOI) from a Tier 1 Mobile Network Operator (MNO) [3][4] - The additional orders are expected to be delivered within the company's Fiscal Year 2025, indicating strong demand and confidence from the customer [4] - The company has reported follow-on orders exceeding $5 million from its major LOIs, showcasing its ability to meet critical delivery requirements for 5G ORAN customers [4] Company Overview - AmpliTech Group, Inc. specializes in designing, developing, and manufacturing advanced signal processing components for various communication networks, including 5G and 6G systems [3][5] - The company operates five divisions and serves global markets such as satellite communications, telecommunications, space exploration, defense, and quantum computing [5]
BranchOut Food's Brussels Sprout Crisps Expand Nationally in the Nation's Largest Retailer and Launches New Sweet Potato Snack
Prism Media Wire· 2025-07-08 10:30
Core Insights - BranchOut Food Inc. is expanding its innovative Brussels Sprout Crisps to 3,945 stores, nearly doubling its previous distribution, following strong sales performance [2][3] - The company is also launching a new product, Cinnamon Sweet Potato Sticks, in 1,952 locations, which represents about 50% of the retailer's footprint [4] - The expansion highlights the effectiveness of BranchOut's proprietary GentleDry™ technology, which preserves the nutritional quality of the snacks [5][6] Financial Performance - For the three months ended May 31, 2024, BranchOut reported net sales of $6.5 million, a significant increase from $3.6 million in the same period of 2023 [1] - Gross profit for the same period was $2.45 million, compared to $1.78 million in 2023, indicating improved profitability [1] - The company achieved a net income of $330,837, a substantial increase from $53,406 in the previous year [1] Product Innovation - The Brussels Sprout Crisps are noted for their unique market position as the first of their kind, receiving an overwhelming consumer response since their launch [3] - The new Cinnamon Sweet Potato Sticks are designed to offer a crunchy, lightly sweet experience, utilizing the GentleDry™ technology to maintain the produce's quality [4] - BranchOut's focus on innovation is further validated by its growing partnership with the nation's largest retailer, enhancing its market presence [5] Market Position - BranchOut Food is recognized as a leader in food technology, specializing in high-quality dehydrated snacks [6] - The company holds over 17 patents for its GentleDry™ technology, which preserves up to 95% of the original nutrition of fresh produce, setting it apart in the industry [6] - The expansion of its product line and distribution channels positions BranchOut as a preferred supplier for innovative dried fruit and vegetable snacks [5]
SKYX Provides Corporate Update, Including its Official Addition to the Russell 2000 on June 27, 2025, and its Expected Deployment of 500,000 Units of its Advanced Smart Home Plug & Play Technologies to Miami's New $3 Billion Urban Smart City
Prism Media Wire· 2025-06-25 16:34
Core Insights - SKYX Platforms Corp. will be officially added to the Russell 2000 index on June 27, 2025, marking a significant milestone for the company [2] - The company plans to deploy over 500,000 units of its advanced Plug & Play smart home technologies in Miami's $3 billion Urban Smart Home City project [2] - SKYX has received substantial financial backing from U.S. and global manufacturers to support its product deployment [2] Market Acceptance, Progress and Recent Events - The Urban Smart Home City project will feature over 5,700 condos and apartments, retail space, parks, and a new Tri-Rail Station [2] - The project is led by SG Holdings, a joint venture known for transformative urban developments [2] - SKYX's Safety Code Standardization Team is gaining support from a key government safety organization to establish mandatory safety standards for its technologies [2][14] Product Launch and Financial Performance - The company anticipates a surge in demand for its All-In-One Smart Turbo Heater & Ceiling Fan, with a Q3 Winter launch expected to drive cash-flow positivity in 2025 [2] - SKYX generated record revenues of $20.1 million in Q1 2025, up from $18.9 million in Q1 2024 [2] - The company reported a reduction in General and Administrative expenses by 17% to $6.6 million in Q1 2025 [6] Strategic Partnerships and Market Expansion - SKYX has formed a strategic manufacturing partnership with Profab Electronics to enhance its supply chain [5] - The company collaborates with major retailers like Home Depot and Wayfair to expand its market presence [7] - A partnership with JIT Electrical Supply will further extend SKYX's reach in the electrical and lighting markets [7] Safety and Insurance Implications - SKYX believes its products can save insurance companies billions by reducing risks associated with fires and electrocutions [7][14] - The company is focused on a "Razor & Blades" business model, offering a range of smart home products that promote recurring revenue [7] Total Addressable Market - The total addressable market for SKYX's products in the U.S. is estimated at $500 billion, with significant opportunities in both retail and professional segments [7]
AmpliTech Group's 5G Division Receives Follow On Order As Part Of $78M LOI For 5G ORAN Radios From Strategic Open RAN Systems Integrator And Global Deployment Partner
Prism Media Wire· 2025-06-24 12:31
Core Insights - AmpliTech Group has received a follow-on purchase order exceeding US$1 million as part of a significant $78 million Letter of Intent (LOI) from a Strategic Open RAN Systems Integrator, reinforcing its position in the ORAN 5G radio solutions market [1][3] - The company is also fulfilling over $10 million in orders from another major 5G player, with shipments having commenced in April and production ramping up in May and June [2] - AmpliTech's strategy focuses on capitalizing on growth opportunities in the expanding ORAN 5G market, supported by partnerships with two major industry players and certifications for global deployment [3] Company Overview - AmpliTech Group, Inc. is a leading designer, developer, manufacturer, and distributor of advanced radio frequency (RF) microwave components and 5G network solutions, serving various global markets including telecommunications, satellite communications, and defense [4]