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HOPA and Cancer Support Community Bring Together Patient and Pharmacist Points of View

Retrieved on: 
Friday, February 16, 2024

MILWAUKEE, Feb. 16, 2024 /PRNewswire-PRWeb/ -- The virtual interview is part of the CSC series, "Frankly Speaking about Cancer" and takes place via Zoom on Tuesday, February 27 at 5 p.m. Central Standard Time.

Key Points: 
  • The Hematology/Oncology Pharmacy Association (HOPA) has partnered with Cancer Support Community (CSC) for a live video interview with an oncology pharmacist and cancer patient.
  • The video interview will show the perspective of both the patient and pharmacist involved in cancer treatment and will highlight the role of oncology pharmacy.
  • The Cancer Support Community is a global nonprofit that uplifts and strengthens people impacted by cancer.
  • http://www.cancersupportcommunity.org
    The Hematology/Oncology Pharmacy Association (HOPA) supports hematology/oncology pharmacy professionals and promotes the role of the pharmacist in collaborative cancer care.

AITX’s RAD Announces ATM Hook & Chain Attack AI Analytic

Retrieved on: 
Thursday, February 15, 2024

Detroit, Michigan, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced a significant addition to its suite of AI analytics. This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry. A Hook and Chain attack involves attaching one end of a chain or cable to an ATM and using a vehicle to exert force on the machine, usually by pulling the chain with the vehicle, with the objective of forcefully open the ATM's safe doors, allowing thieves to access the cash inside. With this development, RAD continues to lead the charge in providing cutting-edge security solutions tailored to meet the evolving challenges faced by financial institutions and other enterprise clients.

Key Points: 
  • This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry.
  • Hook and chain attacks were the leading ATM crime, in which thieves steal the cash from an ATM machine and cause extensive property damage, sometimes with loss and damages approaching $500K per incident.
  • Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “The Hook & Chain analytic was requested during discussions with a leading national bank with over 1000 branches.
  • We currently have highly satisfied banking clients who are eager to implement the ATM attack detection analytic.

AITX’s RAD January SaaS Revenue Up 383%; Contracts In-Hand Break $500K Recurring Monthly Revenue Milestone as Strong Growth Continues

Retrieved on: 
Monday, February 12, 2024

Specifically, contracted (including deployed and contracted to-be-deployed) revenue derived from device rental (SaaS revenue) now surpasses $500,000 a month.

Key Points: 
  • Specifically, contracted (including deployed and contracted to-be-deployed) revenue derived from device rental (SaaS revenue) now surpasses $500,000 a month.
  • Furthermore, the Company reports that January 2024 invoiced SaaS revenue was 383% greater than January 2023 invoiced revenue, coming in (unaudited) at $226K for the month.
  • On January 29, 2024, the Company announced that booked recurring monthly revenue (RMR) was up 476% over the previous year.
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

AITX’s RAD Announces First Municipal RADDOG Adoption

Retrieved on: 
Thursday, February 8, 2024

Detroit, Michigan, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), today announced that the Taylor City Council has officially approved the addition of a RADDOG™ 2LE to the Taylor Police Department. This marks a historic moment as the city integrates its first robotic quadruped into the municipal police force, and RAD celebrates its inaugural deployment of RADDOG to a municipal entity.

Key Points: 
  • This marks a historic moment as the city integrates its first robotic quadruped into the municipal police force, and RAD celebrates its inaugural deployment of RADDOG to a municipal entity.
  • RADDOG 2LE , designed and developed by RAD, is a state-of-the-art robotic system modeled to support law enforcement agencies in a variety of operational scenarios.
  • Equipped with advanced mobility, surveillance capabilities, and patrolling functions, RADDOG 2LE is set to become an invaluable asset to the Taylor Police Department.
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

U.S. Polo Assn. Supports Collegiate Partnership Program for Sixth Consecutive Season

Retrieved on: 
Thursday, February 8, 2024

Another contribution this year includes a 4ocean bracelet that will be given to all student-athletes, highlighting U.S. Polo Assn.

Key Points: 
  • Another contribution this year includes a 4ocean bracelet that will be given to all student-athletes, highlighting U.S. Polo Assn.
  • Sanctioned by the USPA, collegiate polo teams compete in the Fall and Spring with the official season beginning Fall 2023 and running through April 2024.
  • This season will conclude with the National Intercollegiate Championship (NIC) hosted at the Virginia Polo Center in Charlottesville, VA, from April 8-14, 2024.
  • Back for the second year, the College Polo Tour, an exchange program for collegiate polo players, continued throughout 2023 with tours to Morocco, Spain, and Argentina.

California Resources Corporation to Combine with Aera Energy

Retrieved on: 
Wednesday, February 7, 2024

California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.

Key Points: 
  • California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.
  • The transaction values Aera at approximately $2.1 billion, inclusive of Aera’s net debt and certain other obligations1, and is expected to be immediately accretive.
  • On behalf of CRC, we look forward to working with our new colleagues at Aera.
  • The combined company will own interests in five of the largest oil fields in California with opportunities to increase oil recovery.

Griffon Corporation Announces First Quarter Results

Retrieved on: 
Wednesday, February 7, 2024

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 first quarter ended December 31, 2023.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 first quarter ended December 31, 2023.
  • Revenue for the first quarter totaled $643.2 million, a 1% decrease compared to $649.4 million in the prior year quarter.
  • Adjusted EBITDA for the first quarter was $116.4 million, a 7% increase from the prior year quarter of $108.6 million.
  • Quarter ending December 31, 2023 free cash flow of $132.5 million reflects the solid operating results in the first quarter.

AITX’s RAD Announces that Major Order Arrives Ahead of Schedule from Fortune 50 Client

Retrieved on: 
Monday, February 5, 2024

This new order expands the already robust partnership between RAD and the client, which has previously placed over 100 RIO orders, as well as setting expectations for continued rapid expansion.

Key Points: 
  • This new order expands the already robust partnership between RAD and the client, which has previously placed over 100 RIO orders, as well as setting expectations for continued rapid expansion.
  • The request for an accelerated rollout comes as RAD has been approximately one month ahead of expectations in the delivery schedule for Phase 2 and Phase 3 of the client's deployment plan.
  • Currently, RAD is on track to having its devices operational in approximately 50 of the client's sites per existing contracts.
  • RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities.

Inari Accelerates Proven SEEDesign™ Platform for Nature-Positive Agriculture with $103 Million Fundraise

Retrieved on: 
Tuesday, January 30, 2024

CAMBRIDGE, Mass., Jan. 30, 2024 /PRNewswire/ -- Inari today announced the completion of a $103 million fundraise, bringing its cumulative equity raised to more than $575 million. The successful investment round signals confidence in Inari's ability to develop and commercialize higher-yielding seeds that require fewer resources, using AI-powered predictive design and multiplex gene editing.

Key Points: 
  • CAMBRIDGE, Mass., Jan. 30, 2024 /PRNewswire/ -- Inari today announced the completion of a $103 million fundraise, bringing its cumulative equity raised to more than $575 million.
  • The company also welcomed several new investors including RCM Private Markets fund, advised by Rokos Capital Management (US) LP.
  • Hanwha Impact highlighted Inari's strong progress since their initial 2021 investment as a key reason for their increased support in this fundraise.
  • Added Stephen Berenson, Flagship Pioneering Managing Partner: "This successful fundraise reflects continued confidence in the company's ability to deliver on its nature-positive vision.

AITX’s RAD Announces Booked January Annual Recurring Revenue Up 476% Year Over Year

Retrieved on: 
Monday, January 29, 2024

As of January 26, 2024, RAD has received orders that, when fully deployed, will produce approximately $258,000 in annual recurring revenue (ARR) compared to January 2023 when the Company’s sales produced approximately $54,000 in annual recurring revenue.

Key Points: 
  • As of January 26, 2024, RAD has received orders that, when fully deployed, will produce approximately $258,000 in annual recurring revenue (ARR) compared to January 2023 when the Company’s sales produced approximately $54,000 in annual recurring revenue.
  • The 12-month contracts produced approximately $54,000 in annual recurring revenue.
  • In contrast, the 26 RAD devices booked in January 2024, all of which are on a minimum 12-month contract, are set to produce approximately $258,000 in annual recurring revenue, when fully deployed.
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.