Core Insights - Neuvotion, Inc. is an early-stage medical device company focused on AI-driven neuromodulation technologies for neurorehabilitation, brain-computer interface, and physical therapy markets [1][4] - The company has expanded its partnership with Intelligent Product Solutions (IPS) to accelerate the market launch of its first product, NeuStim™ [1][2] - Forward Industries, the parent company of IPS, has made an undisclosed investment in Neuvotion to support its growth [1] Company Overview - Neuvotion aims to develop innovative technologies that enhance patient outcomes, independence, and quality of life, particularly for those recovering from stroke or spinal cord injuries [3][4] - The company's technologies integrate high-precision neurostimulation with artificial intelligence to improve the effectiveness and efficiency of rehabilitation [4] Partnership Details - The partnership with IPS is expected to leverage their expertise in medical device design and engineering to bring NeuStim™ to market [3][5] - IPS specializes in all stages of product development, including research, design, and manufacturing, which will support Neuvotion's product launch [5]

Core Insights - Intelligent Product Solutions (IPS) has partnered in the Advancing a Sustainable Hospital-at-Home Ecosystem at Scale (HaH) project to enhance at-home digitally-enabled care [1][2] - The project aims to improve connected health and patient care at home, addressing the need for interoperable health-at-home devices [2][3] - The initiative involves over 20 partners working to define the hospital-at-home technology stack for broader availability and adoption [3] Company Overview - IPS is a global product design and development firm specializing in MedTech and wearable technology solutions, headquartered in New York [4] - The company is a division of Forward Industries (NASDAQ: FORD) and serves leading brands in consumer electronics and medical devices [4]

Core Viewpoint - Ford Motor Company is facing a class action lawsuit due to alleged breaches of fiduciary duties by its board of directors, particularly concerning undisclosed quality issues and rising warranty costs that have negatively impacted profitability [1][4]. Financial Performance - On July 24, 2024, Ford reported second quarter financial results, indicating that profitability was adversely affected by increased warranty reserves and higher warranty costs [2]. - Warranty and recall costs for the second quarter totaled $2.3 billion, which is $800 million higher than the first quarter and $700 million more than the same period last year [2]. Stock Market Reaction - Following the announcement of the financial results, Ford's share price dropped by $2.51, or 18.36%, closing at $11.16 per share on July 25, 2024, with unusually high trading volume [3]. Allegations in Class Action - The class action complaint alleges that Ford's management made materially false or misleading statements and failed to disclose significant adverse facts about the company's operations and prospects, including: 1. Deficiencies in quality assurance of vehicle models since 2022 [4]. 2. Higher warranty costs resulting from these deficiencies [4]. 3. Inaccurate warranty reserves that did not reflect the quality issues in vehicles sold since 2022 [4]. 4. Likely suffering of profitability due to these issues [4]. 5. Misleading positive statements regarding the company's business and operations [4].

NEW YORK, Oct. 06, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Ford Motor Company (NYSE: F) between April 27, 2022 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 7, 2024 lead plaintiff deadline. SO WHAT: If you purchased Ford securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO N ...

NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Ford Motor Company (NYSE: F) between April 27, 2022 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 7, 2024 lead plaintiff deadline. SO WHAT: If you purchased Ford securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO N ...

HAUPPAUGE, N.Y., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Intelligent Product Solutions (IPS), a Forward Industries (NASDAQ: FORD) company, announced today that Brad Carlson joined the company as Vice President of Technology and Business Development. A leading research and development executive, Dr. Carlson has more than 20 years of experience in medical devices and industrial markets specializing in product strategy, new product development, and revenue growth through differentiated product launches. "We are plea ...

Core Viewpoint - A class action lawsuit has been filed against Ford Motor Company due to alleged misleading statements and failure to disclose material facts regarding warranty costs and vehicle quality issues, leading to significant financial losses for investors [1][5]. Financial Performance - Ford's second quarter 2024 financial results indicated that profitability was negatively impacted by an increase in warranty reserves and higher warranty costs, totaling $2.3 billion, which is $800 million more than the first quarter and $700 million more than the same period last year [3][4]. Stock Market Reaction - Following the announcement of the financial results, Ford's share price dropped by $2.51, or 18.36%, closing at $11.16 per share on July 25, 2024, with unusually high trading volume [4]. Allegations in the Lawsuit - The lawsuit claims that Ford's management made materially false and misleading statements and failed to disclose significant quality assurance deficiencies, resulting in higher warranty costs and an inaccurate reflection of warranty reserves, which ultimately affected the company's profitability [5].

Core Viewpoint - Ford Motor Company is under investigation for potential violations of federal securities laws and unlawful business practices, following a significant drop in its stock price after disappointing financial results [4][5][7]. Group 1: Investigation Details - Bragar Eagel & Squire, P.C. is leading the investigation on behalf of Ford stockholders [4]. - The investigation focuses on whether Ford has engaged in unlawful business practices that may have harmed investors [4]. Group 2: Financial Performance - On July 24, 2024, Ford reported its second quarter financial results, which fell short of consensus estimates due to quality issues with new vehicles leading to increased warranty costs [7]. - Following the announcement of these results, Ford's stock price decreased by $2.51, or 18.4%, closing at $11.16 per share on July 25, 2024 [5].

Core Viewpoint - Penske Automotive Group, Inc. has announced the acquisition of Bill Brown Ford in southeastern Michigan, which is expected to generate an estimated annualized revenue of $550 million, expanding its retail operations in the Midwest [1][3]. Group 1: Acquisition Details - The acquisition includes over 200,000 square feet of facilities across 29 acres, comprising a main dealership, a pre-owned facility, a fleet maintenance center, and a collision center [2]. - Bill Brown Ford has received the Ford President's Award 18 times, indicating a strong commitment to performance, customer service, and satisfaction [2]. Group 2: Company Operations and Performance - Year-to-date 2024, Penske Automotive Group has completed acquisitions totaling nearly $2 billion in estimated annualized revenue [3]. - The company operates dealerships in multiple countries, including the United States, Canada, and Australia, and is a leading retailer of commercial trucks in North America [4]. Group 3: Employment and Community Engagement - Penske Automotive Group employs over 28,500 people globally and emphasizes building partnerships within the community and empowering employees [3][4].

The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement to maintain its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement for a period of time sufficient to regain compliance with Nasdaq listing requirements. About: Forward (NASDAQ: FORD) is a New York-based global design, sourcing and distribution company serving top tier medical and technology customers worldwide. HAUPPAUGE, N.Y., June 14 ...