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DeepGreenX and Veea (NASDAQ: VEEA) have announced a global strategic partnership to implement an AI-driven virtual energy grid. The initiative includes a US$140 billion lease-financed infrastructure over 5 years, with $2.8 billion allocated for Veea Edge Platform™ in 2025 as part of a $10 billion edge infrastructure investment. The partnership will transform sustainable energy sources into Real-World Assets through Veea's cybersecure edge computing platform, enabling trading on DeepGreenX's ECEx exchange. The platform will integrate blockchain, Edge AI OS, and energy management frameworks for virtual grid management.
- Secured massive US$140 billion lease-financing infrastructure deal over 5 years
- Allocated $2.8 billion for Veea Edge Platform™ deployment in 2025
- Part of larger $10 billion investment in edge infrastructure
- Partnership enables monetization of sustainable energy assets through ECEx exchange
- Large capital expenditure requirements and financial commitments
- Complex implementation involving multiple technologies and partners
QuantumScape (NYSE: QS) hosted a Solid-State Batteries Symposium in Kyoto, Japan, bringing together battery equipment suppliers, materials suppliers, government leaders, and automotive customers to discuss the future of solid-state battery technology. The event featured speeches from Kyoto Mayor Koji Matsui and METI Director General Satoshi Nohara, highlighting Japan's commitment to commercializing solid-state batteries by 2030. QuantumScape's solid-state lithium-metal batteries are designed to offer faster charging, longer range, and improved safety compared to conventional lithium-ion batteries. The company established its Kyoto office in 2022 and maintains collaborations with battery tool manufacturers and materials suppliers across Asia-Pacific.
- Strategic presence in Japan with office established in Kyoto since 2022
- Strong government support from Japanese officials for solid-state battery development
- Established collaborations with battery tool manufacturers and materials suppliers in Asia-Pacific
- None.
Jazz Pharmaceuticals announced FDA accelerated approval of Ziihera (zanidatamab-hrii) for treating adults with previously treated, unresectable or metastatic HER2-positive biliary tract cancer (BTC). The approval is based on the HERIZON-BTC-01 trial results showing a 52% objective response rate and 14.9 months median duration of response. Ziihera is the first dual HER2-targeted bispecific antibody approved for HER2+ BTC in the U.S. The Phase 3 HERIZON-BTC-302 confirmatory trial is ongoing, and continued approval may be contingent upon verification of clinical benefit.
- First and only dual HER2-targeted bispecific antibody approved for HER2+ BTC
- Strong efficacy data with 52% objective response rate
- Impressive 14.9 months median duration of response
- Addresses high unmet need in BTC treatment with poor survival rates
- Accelerated approval requires confirmatory trial for continued approval
- Serious adverse reactions occurred in 53% of patients
- One fatal adverse reaction of hepatic failure reported
- patient population (HER2-positive BTC only)
Vision Marine Technologies (NASDAQ:VMAR) announces its participation in the grand opening of Aileron, a $300 million luxury residential project in Dania Beach, Florida. The company will showcase Fantail 217 electric boats and the award-winning Four Winns H2e Bowrider at the launch event on November 21, 2024. Vision Marine secured exclusive rights to 400 lineal feet of commercial docks at this location in October 2021, establishing it as a premier sales location for their E-Motion Powertrain System. The facility will serve as a rental center, distribution hub, and electric boat club. The 17-story Aileron project, developed by LYND Living, features 380 luxury residences and represents a strategic location for Vision Marine's expansion in Florida's boating market.
- Secured exclusive rights to 400 lineal feet of commercial docks in prime waterfront location
- Establishment of strategic sales, rental, and distribution hub in Florida's key boating market
- Partnership with $300 million luxury residential development project
- Potential for broader collaboration with LYND Living on future projects
- None.
SK hynix has begun mass production of the world's first 321-high 4D NAND Flash with 1Tb capacity, featuring triple level cell technology. The breakthrough comes through the innovative 'Three Plugs' process technology, which enables stacking over 300 layers. The new product shows 12% improvement in data transfer speed, 13% better reading performance, and 10% enhanced power efficiency compared to previous generation. Production efficiency improved by 59%. The company plans to supply these products to customers from first half 2025, targeting AI applications that require low power and high performance.
- First-to-market with 321-high NAND technology
- 59% improvement in production efficiency
- 12% faster data transfer speed
- 13% better reading performance
- 10% enhancement in power efficiency
- None.
Titan Logix Corp reported its fiscal 2024 results with a 10% revenue increase to $6.86 million from $6.21 million in 2023. The company achieved a gross profit of $3.46 million (51% margin) compared to $3.08 million (50%) in 2023. Net income rose to $546,000 from $83,000, resulting in earnings per share of $0.02. Operating EBITDA improved to $1.15 million from $648,000. The company noted increased product research expenses of $1.12 million, up from $373,000, supporting market diversification efforts. Management highlighted steady market share in crude and used oil segments while signaling expansion into refined fuels markets.
- Revenue growth of 10% year-over-year to $6.86 million
- Gross profit margin improved to 51% from 50%
- Net income increased significantly to $546,000 from $83,000
- Operating EBITDA grew to $1.15 million from $648,000
- Product research and development expenses increased substantially by $743,000
- Working capital decreased to $14.14 million from $14.54 million
- Core market segments showing signs of growth retraction
Jack in the Box (NASDAQ: JACK) has announced a new five-unit development agreement in Detroit, Michigan, expanding its Midwest presence. This follows previous plans to open five locations in West Michigan and over 20 restaurants in Chicagoland. The Detroit expansion will be led by franchise operators Maan Almansour and Andi Kareem. The company currently operates approximately 2,200 locations nationwide and has seen success in recent market openings in Salt Lake City and Louisville. The new Detroit locations will offer dine-in, drive-thru, and mobile ordering options.
- Expansion into new market with 5 new units in Detroit
- Additional 5 locations planned in West Michigan
- 20+ units planned for Chicagoland area
- Demonstrated success in recent market openings (Salt Lake City and Louisville)
- Strategic growth in Midwest region showing market demand
- None.
Osisko Development (NYSE: ODV) has received BC Mines Act permits for its 100%-owned Cariboo Gold Project in British Columbia, marking a important milestone for construction and operations. The project expects gold production up to 223,000 ounces annually during peak operations, with an initial 12-year mine life. The company plans to complete an optimized feasibility study in Q2 2025, with full-scale construction targeted to commence in second half 2025 and completion by end of 2027.
The project will create approximately 634 construction jobs and 488 operational positions, utilizing green hydroelectric power and innovative mining technologies. Environmental Management Act permits have been referred to authorities, with decisions expected shortly. The company is advancing discussions on various funding options for a comprehensive financing package.
- Received key BC Mines Act permits for construction and operations
- Peak gold production capacity of 223,000 ounces annually
- Access to low-cost hydroelectric power at 6.6¢ per kWh
- Project to create 634 construction and 488 operational jobs
- 92% completion of bulk sample development (1,083 meters)
- Requires significant capital investment: C$588.4M initial/expansion costs and C$466.6M sustaining capital
- Still pending Environmental Management Act permits
- Financing package not yet secured
- Full-scale construction not starting until H2 2025
- Agreement with Xatśūll First Nation still pending
Hyundai Motor unveiled the IONIQ 9, a three-row all-electric SUV set to launch in Korea and the US in first half of 2025. The vehicle features a 110.3 kWh battery with WLTP-projected range of 620 km and 10-80% charging in 24 minutes. The SUV offers seating for up to seven occupants, with innovative features including Relaxation Seats, Swiveling Seats, and Universal Island 2.0 console. The vehicle boasts impressive cargo space of up to 1,323 liters with third-row seats folded. Performance specs include 0-100 km/h acceleration in 5.2 seconds for the Performance AWD model. The IONIQ 9 incorporates advanced technologies including AI voice recognition and Features on Demand service.
- Large 110.3 kWh battery capacity with 620km WLTP range
- Fast charging capability: 10-80% in 24 minutes
- Spacious interior with up to 1,323 liters cargo capacity
- Multiple powertrain options including Performance AWD variant
- Advanced features including V2L capability and OTA updates
- Launch delayed until 2025, potentially losing market advantage
- initial market availability (Korea and US only)