OBX

Open Book Extracts Receives Strategic Investment from Btomorrow Ventures as Lead Investor in Series C Financing

Retrieved on: 
Thursday, September 15, 2022
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ROXBORO, N.C., Sept. 15, 2022 /PRNewswire/ -- Open Book Extracts (OBX), a leading global ingredient manufacturer and product development house for the industry's most innovative and highest quality cannabinoid-enabled products, today announces the completion of its Series C financing round.

Key Points: 
  • ROXBORO, N.C., Sept. 15, 2022 /PRNewswire/ -- Open Book Extracts (OBX), a leading global ingredient manufacturer and product development house for the industry's most innovative and highest quality cannabinoid-enabled products, today announces the completion of its Series C financing round.
  • The funding secured could total between $20 million and $25 million (dependent upon achieving certain milestones).
  • In addition to the funding, OBX and BAT have also signed a scientific collaboration agreement covering certain areas of future R&D.
  • Established in 2020, BTV invests in high growth businesses, from seed funding to those looking for further, series B investment.

PCCW Global Collaborates With Syntropy To Deliver Network On Demand Through Web3 Open Bandwidth Exchange

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Tuesday, September 13, 2022
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Syntropy and PCCW Globals collaboration represents a major step forward towards establishing an industry standard settlement layer for bandwidth on demand.

Key Points: 
  • Syntropy and PCCW Globals collaboration represents a major step forward towards establishing an industry standard settlement layer for bandwidth on demand.
  • Web3 application developers, network infrastructure engineers and technical application owners can purchase network services on demand through an API.
  • Mr Paul Gampe, CTO of PCCW Global, said, We are excited to collaborate with Syntropy and deploy DARP nodes across our network.
  • This collaboration allows us to provide Syntropy clients with best-in-class bandwidth on demand and increase monetisation of our global infrastructure.

Open Book Extracts Partners with Nalu Bio to Commercialize Synthetic THCV and Rare Cannabinoids

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Wednesday, July 27, 2022
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The partnership with OBX will allow Nalu Bio to advance its THCV production method from research and development to commercial-scale manufacturing using their proprietary and scalable synthesis platform.

Key Points: 
  • The partnership with OBX will allow Nalu Bio to advance its THCV production method from research and development to commercial-scale manufacturing using their proprietary and scalable synthesis platform.
  • THCV will be the first cannabinoid available at commercial scale through this partnership, allowing OBX and Nalu Bio to offer the highest quality, most consistent dosage of THCV to consumers across the globe.
  • Both OBX and Nalu Bio envision a range of additional cannabinoids to be released through this partnership.
  • The partnership with Nalu Bio will allow OBX to provide the industry with the highest quality synthetic rare cannabinoids at the lowest cost.

Open Book Extracts Achieves ISO 9001:2015 Certification

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Thursday, July 21, 2022
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ROXBORO, N.C., July 21, 2022 /PRNewswire/ -- Open Book Extracts (OBX) is proud to announce the achievement of ISO 9001:2015 certification.

Key Points: 
  • ROXBORO, N.C., July 21, 2022 /PRNewswire/ -- Open Book Extracts (OBX) is proud to announce the achievement of ISO 9001:2015 certification.
  • Through the ISO 9001:2015 certification, we have validated that the OBX Quality Management System supports this commitment," said Dave Neundorfer, OBX CEO.
  • "Any company that has been through the certification process knows that achieving ISO 9001:2015 certification is demanding," said Chelsea Pipkin, OBX Vice President of Quality Assurance.
  • The ISO 9001:2015 certification builds on accreditations OBX has recently received, including NSF/455-2 certification from global public health organization NSF International , USDA Organic Certification, and Kosher Certification.

Geospace Technologies Secures Long-Term Ocean Bottom Node Rental Contract With Estimated Value Of $12M

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Wednesday, July 20, 2022
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Geospace Technologies Corporation (NASDAQ: GEOS) today announced an extended duration rental contract with SAExploration, an international marine geophysical services provider who will rent OBX-750E seabed ocean bottom wireless seismic data acquisition nodes.

Key Points: 
  • Geospace Technologies Corporation (NASDAQ: GEOS) today announced an extended duration rental contract with SAExploration, an international marine geophysical services provider who will rent OBX-750E seabed ocean bottom wireless seismic data acquisition nodes.
  • Based on current contract terms, the value of the agreement is estimated at $12M.
  • Following our recent good news of a separate $4M OBX rental contract, were pleased to announce this sizeable, long-term contract with another trusted customer, said Walter R. Wheeler, President and CEO, Geospace Technologies.
  • Combined with our recently announced OBX rentals, the minimum value from OBX product rental contracts executed during the fiscal year exceed $25M.

PURISSIMA ANNOUNCES MULTI-YEAR PROCESSING AND DISTRIBUTION PARTNERSHIP WITH OPEN BOOK EXTRACTS

Retrieved on: 
Tuesday, July 19, 2022
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SAN FRANCISCO, July 19, 2022 /PRNewswire/ -- Purissima, a leading, next-generation, biotechnology health and wellness company, announced today an exclusive, multi-year processing and distribution partnership with Open Book Extracts (OBX), a total solution provider for high quality cannabinoid ingredients, concept-to-market formulation services, and finished goods manufacturing for the industry's leading brands. This collaboration also marks Purissima as the first company to achieve commercial scale production of minor cannabinoids using Purissima's proprietary algae-based fermentation platform. Kicking off production in July 2022, the compounds are proposed to be available to manufacturers and sold to consumer brands before fall 2022.

Key Points: 
  • "The partnership with Open Book Extracts will allow our sustainably produced, safe and therapeutic compounds to create a new landscape of cannabinoid-infused products for companies and consumers alike."
  • Through the commercialization of our first compounds, Open Book Extracts and Purissima can jointly redefine how cannabinoids are sustainably sourced and their diverse health and wellness applications are realized at commercial scale."
  • "Open Book Extracts thrives on aligning with companies that propel the cannabinoid industry through technological innovation and science-backed efficacy," said Dave Neundorfer, Chief Executive Officer of OBX.
  • For more information on this partnership and to stay up to date on Purissima corporate news, please visit www.purissima.bio .

Open Book Extracts Strengthens Executive Leadership Team with the Appointments of Chief Financial Officer and Vice President of Human Resources

Retrieved on: 
Wednesday, July 13, 2022
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Schroeder stated, "I am very excited to join Open Book Extracts at this point in time.

Key Points: 

Geospace Technologies Awarded $4M Shallow Water Ocean Bottom Node Rental Contract

Retrieved on: 
Tuesday, July 12, 2022
Maritime, Transport, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Exhibition, Engineer, GEOS, Sale, European Association of Geoscientists and Engineers, Association, SatCon Technology Corporation, OBX, Acquisition, CEO, NASDAQ, Outer space

Geospace Technologies Corporation (NASDAQ: GEOS) today announced a $4M rental contract with an international marine geophysical services provider who will rent OBX-750E seabed ocean bottom wireless seismic data acquisition nodes for a shallow offshore seismic survey.

Key Points: 
  • Geospace Technologies Corporation (NASDAQ: GEOS) today announced a $4M rental contract with an international marine geophysical services provider who will rent OBX-750E seabed ocean bottom wireless seismic data acquisition nodes for a shallow offshore seismic survey.
  • During our recent exhibition at the European Association of Geoscientists and Engineers in Madrid, we experienced a significant increase in discussions surrounding the use of our wireless ocean bottom node products for both deep and shallow water applications, said Walter R. Wheeler, President and CEO, Geospace Technologies.
  • This contract provides further evidence of increased activity in offshore markets where our versatile ocean bottom node products can provide the high-quality data needed to reliably make critical exploration decisions.
  • Geospace designs and manufactures other products of a non-seismic nature, including smart water connectivity tools, imaging equipment and specialty contract manufactured products.

Open Book Extracts Expands Capabilities and Team to Support Finished Goods Manufacturing

Retrieved on: 
Thursday, July 7, 2022
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ROXBORO, N.C., July 7, 2022 /PRNewswire/ -- Open Book Extracts (OBX), an NSF, cGMP-certified manufacturer and distributor of the industry's most innovative and highest quality cannabinoid ingredients and finished products, today announced expanded operations and service capabilities for finished goods manufacturing to serve their global customer base more effectively. The new capabilities accelerate the pace of product innovation while significantly increasing the company's manufacturing capacity and operational excellence.

Key Points: 
  • ROXBORO, N.C., July 7, 2022 /PRNewswire/ -- Open Book Extracts (OBX), an NSF, cGMP-certified manufacturer and distributor of the industry's most innovative and highest quality cannabinoid ingredients and finished products, today announced expanded operations and service capabilities for finished goods manufacturing to serve their global customer base more effectively.
  • The new capabilities accelerate the pace of product innovation while significantly increasing the company's manufacturing capacity and operational excellence.
  • These expansions significantly enhance OBX's ability to deliver its clients the highest-quality finished products with reduced lead times, and most importantly, within specification.
  • "The expansion of our team and finished goods capabilities is our solution to rising supply chain delays and inconsistency," said Dave Neundorfer, OBX CEO.

Open Book Extracts Announces Completion of History's Largest Randomized Controlled Trial of Rare Cannabinoids for Sleep (Radicle Rest™)

Retrieved on: 
Tuesday, June 28, 2022
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ROXBORO, N.C., June 28, 2022 /PRNewswire/ -- Open Book Extracts (OBX), an NSF, cGMP-certified manufacturer and distributor of the industry's most innovative and highest quality cannabinoid ingredients and finished products, today announced the completion of its second blinded randomized controlled trial on rare cannabinoids, in partnership with Radicle Science, an AI-driven healthtech B-corp providing disruptive D2C clinical trials testing the effectiveness of health and wellness products 10x cheaper and faster than traditional means.

Key Points: 
  • Radicle Science conducted the four-week blinded, randomized, active-controlled, parallel group trial comparing the effects of several OBX cannabinoid formulations on sleep disturbance as well as outcomes such as well-being, quality of life, feelings of anxiety, and pain.
  • "We are excited to continue to partner with OBX to conduct rigorous human research to better understand the effects of rare cannabinoids on health outcomes.
  • This latest study was the largest randomized, controlled trial of cannabinoids for sleep, involving nearly 2,000 participants from across the U.S.
  • This groundbreaking study also represents history's first randomized controlled trial on the synergistic impact of rare cannabinoids like CBN and CBC on sleep disturbance," said Dr. Jeff Chen, MD/MBA, co-founder and CEO of San Diego-based Radicle Science.