MNI - Market News

Companies Look to Innovate and Develop New Lithium-Ion Battery Technology

Retrieved on:

Monday, October 31, 2022

NEW YORK, Oct. 31, 2022 /PRNewswire/ -- The growth of the Li-Ion battery (LIB) market has led to a rise in demand for lithium. LIBs are a crucial component in the development of a future energy infrastructure. For example, the battery of a Tesla Model S has about 12 kilograms of Li in it, while grid storage solutions are currently being built to make renewable energy more affordable and reliable. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer GHG than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, extend the vehicle range up to 400 miles or more, and enable the batteries to last as long as 1 million miles. And, according to data provided by Fortune Business Insights, the global lithium market size was USD 3.64 billion in 2020 and is expected to reach USD 6.62 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Sociedad Química y Minera de Chile S.A. (NYSE SQM), Piedmont Lithium (NASDAQ: PLL), SIGMA Lithium Corporation (NASDAQ: SGML), QuantumScape Corporation (NYSE: QS)

Key Points:

The price of cobalt, which was $32,000 per ton at the end of 2017, spiked at $82,000 last spring.
The strategic relationship brings together two companies leading in technology innovation focused on accelerating clean energy adoption and reducing global carbon emissions.
The companies will collaborate on what they believe to be a first-of-its-kind solution to incorporate QuantumScape's battery technology into Fluence stationary energy storage products as specific technical and commercial milestones are met.
FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise.

Companies Look to Innovate and Develop New Lithium-Ion Battery Technology

Retrieved on:

Monday, October 31, 2022

NEW YORK, Oct. 31, 2022 /PRNewswire/ -- The growth of the Li-Ion battery (LIB) market has led to a rise in demand for lithium. LIBs are a crucial component in the development of a future energy infrastructure. For example, the battery of a Tesla Model S has about 12 kilograms of Li in it, while grid storage solutions are currently being built to make renewable energy more affordable and reliable. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer GHG than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, extend the vehicle range up to 400 miles or more, and enable the batteries to last as long as 1 million miles. And, according to data provided by Fortune Business Insights, the global lithium market size was USD 3.64 billion in 2020 and is expected to reach USD 6.62 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), Sociedad Química y Minera de Chile S.A. (NYSE SQM), Piedmont Lithium (NASDAQ: PLL), SIGMA Lithium Corporation (NASDAQ: SGML), QuantumScape Corporation (NYSE: QS)

Key Points:

The price of cobalt, which was $32,000 per ton at the end of 2017, spiked at $82,000 last spring.
The strategic relationship brings together two companies leading in technology innovation focused on accelerating clean energy adoption and reducing global carbon emissions.
The companies will collaborate on what they believe to be a first-of-its-kind solution to incorporate QuantumScape's battery technology into Fluence stationary energy storage products as specific technical and commercial milestones are met.
FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise.

The Global Demand for Lithium is Reaching New heights

Retrieved on:

Thursday, October 27, 2022

NEW YORK, Oct. 27, 2022 /PRNewswire/ -- The lithium market has witnessed numerous price increases throughout the year. Additionally, the production of lithium, like other raw materials, is failing to keep up with demand. In fact, demand for lithium has been skyrocketing in recent years, in large part as the result of the ever-expanding electric vehicle (EVs) market. According to Platts Analytics, global plug-in light-duty EV sales are expected to rise to 6.5 million units in 2022 and 10.5 million units in 2025, up from an estimated 6 million units in 2021 and 3.1 million units in 2020. Lithium-ion batteries are being rapidly adopted due to their compact size, rechargeability, recyclability and high-density energy output. Infinity Stone Ventures Corp. (OTC: GEMSF) (CSE: GEMS), BrightRock Gold Corp. (OTC: BRGC), Patriot Battery Metals Inc. (OTC: PMETF), Standard Lithium Ltd. (NYSE: SLI), Snow Lake Resources Ltd. (NASDAQ: LITM)

Key Points:

Additionally, the production of lithium, like other raw materials, is failing to keep up with demand.
In fact, demand for lithium has been skyrocketing in recent years, in large part as the result of the ever-expanding electric vehicle (EVs) market.
The newly acquired area hosts an additional five pegmatite occurrences, with an additional 11 appearing in the southeastern Hellcat Project.
Standard Lithium Ltd.(NYSE: SLI) provided an update on September 7th, on its first commercial lithium plant in Arkansas.

Technological Advances Help Better Regulate Cannabis and Alcohol Consumption

Retrieved on:

Monday, October 17, 2022

NEW YORK, Oct. 17, 2022 /PRNewswire/ -- The cannabis industry has grown rapidly in recent years, and as a result there are concerns over possible cannabis abuse. One of the major concerns over cannabis abuse revolves around operating a vehicle while impaired. The National Institute on Drug Abuse highlighted that marijuana was the most common illicit drug found within the bloodstream of drivers who were involved in vehicle accidents, including fatal ones. As a result, companies within the cannabis marketspace have begun to develop the necessary technology for law enforcement agencies to use in crackdowns on drivers operating a vehicle while under the influence of marijuana. And, according to data by Mordor Intelligence, the global breathalyzer market was valued at about USD 812.53 Million in 2021, and is expected to reach USD 1275.031 Million in 2027 while registering a CAGR of 8.5% during the forecast period. Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), Molson Coors Beverage Company (NYSE: TAP), Anheuser-Busch InBev (NYSE: BUD), Canopy Growth Corporation (NASDAQ: CGC), Aurora Cannabis Inc. (NASDAQ: ACB)

Key Points:

We hope our new campaign reminds fans that no matter what stands in your way, the world is yours to take."
Marking the brand's first-ever beverage offerings, Daylight and Moonwave are occasion-based ready-to-drink THC and CBD-infused drinks designed to help consumers start and end their days.
Newly launched Citrus Ginger Super CBD hard candies are the brand's first single 20mg CBD-infused hard candy product.
"We've developed our innovation pipeline to meet the evolving nature of how cannabis is consumed and the growing consumer demand for products used for different occasions and use cases."

Technological Advances Help Better Regulate Cannabis and Alcohol Consumption

Retrieved on:

Monday, October 17, 2022

NEW YORK, Oct. 17, 2022 /PRNewswire/ -- The cannabis industry has grown rapidly in recent years, and as a result there are concerns over possible cannabis abuse. One of the major concerns over cannabis abuse revolves around operating a vehicle while impaired. The National Institute on Drug Abuse highlighted that marijuana was the most common illicit drug found within the bloodstream of drivers who were involved in vehicle accidents, including fatal ones. As a result, companies within the cannabis marketspace have begun to develop the necessary technology for law enforcement agencies to use in crackdowns on drivers operating a vehicle while under the influence of marijuana. And, according to data by Mordor Intelligence, the global breathalyzer market was valued at about USD 812.53 Million in 2021, and is expected to reach USD 1275.031 Million in 2027 while registering a CAGR of 8.5% during the forecast period. Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), Molson Coors Beverage Company (NYSE: TAP), Anheuser-Busch InBev (NYSE: BUD), Canopy Growth Corporation (NASDAQ: CGC), Aurora Cannabis Inc. (NASDAQ: ACB)

Key Points:

We hope our new campaign reminds fans that no matter what stands in your way, the world is yours to take."
Marking the brand's first-ever beverage offerings, Daylight and Moonwave are occasion-based ready-to-drink THC and CBD-infused drinks designed to help consumers start and end their days.
Newly launched Citrus Ginger Super CBD hard candies are the brand's first single 20mg CBD-infused hard candy product.
"We've developed our innovation pipeline to meet the evolving nature of how cannabis is consumed and the growing consumer demand for products used for different occasions and use cases."

The Continued Legalization of Cannabis Creates Need for Intoxication Detection Devices

Retrieved on:

Tuesday, October 11, 2022

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- Sales of Cannabis products are expected to continue to grow as more states and major markets ease accessibility. According to data published by MJBizDaily, the combined U.S. medical and recreational cannabis sales could reach USD 33 billion by the end of 2022, mainly driven by the opening of new adult-use markets. Overall, retail cannabis sales are projected to cross the USD 52 billion mark by 2026. The data also indicates that both medical and adult-use markets posted strong growth in 2021, up an estimated 34% and 43%, respectively, over 2020 sales. The outlook for the adult-use segment of the U.S. cannabis market is even stronger in the years to come as various states with the potential for massive markets, such as New York, are in the process of working out the final details to launch programs that have been approved. Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), Tilray Brands, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NASDAQ: CGC), Cronos Group Inc. (NASDAQ: CRON), Aurora Cannabis Inc. (NASDAQ: ACB)

Key Points:

Overall, retail cannabis sales are projected to cross the USD 52 billion mark by 2026.
Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), Tilray Brands, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NASDAQ: CGC), Cronos Group Inc. (NASDAQ: CRON), Aurora Cannabis Inc. (NASDAQ: ACB)
While cannabis legalization is expanding so does the need for better regulations.
Cannabix has participated in two testing day events held in two different US cities in June and July.
Our new CannaPoints program serves to guide our patients on their medical cannabis journey and provide additional support as needed."

The Continued Legalization of Cannabis Creates Need for Intoxication Detection Devices

Retrieved on:

Tuesday, October 11, 2022

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- Sales of Cannabis products are expected to continue to grow as more states and major markets ease accessibility. According to data published by MJBizDaily, the combined U.S. medical and recreational cannabis sales could reach USD 33 billion by the end of 2022, mainly driven by the opening of new adult-use markets. Overall, retail cannabis sales are projected to cross the USD 52 billion mark by 2026. The data also indicates that both medical and adult-use markets posted strong growth in 2021, up an estimated 34% and 43%, respectively, over 2020 sales. The outlook for the adult-use segment of the U.S. cannabis market is even stronger in the years to come as various states with the potential for massive markets, such as New York, are in the process of working out the final details to launch programs that have been approved. Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), Tilray Brands, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NASDAQ: CGC), Cronos Group Inc. (NASDAQ: CRON), Aurora Cannabis Inc. (NASDAQ: ACB)

Key Points:

Overall, retail cannabis sales are projected to cross the USD 52 billion mark by 2026.
Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO), Tilray Brands, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NASDAQ: CGC), Cronos Group Inc. (NASDAQ: CRON), Aurora Cannabis Inc. (NASDAQ: ACB)
While cannabis legalization is expanding so does the need for better regulations.
Cannabix has participated in two testing day events held in two different US cities in June and July.
Our new CannaPoints program serves to guide our patients on their medical cannabis journey and provide additional support as needed."

Wearable Medical Devices Revolutionize How Patient Data Can be Tracked

Retrieved on:

Wednesday, September 28, 2022

NEW YORK , Sept. 28, 2022 /PRNewswire/ -- Some of the fastest growing segments in the medical device market by application include diagnostic devices like patient-monitoring systems, MRI machines, diagnostic imaging equipment (including X-ray devices and other diagnostic imaging), and ultrasonic scanning devices. In recent times, remote patient-monitoring devices have become more popular due to the pandemic and social distancing measures which were implemented to combat it. Most commonly, these medical wearable devices are designed to collect data and measure vital signs such as heart rate, blood pressure, blood oxygen saturation, blood glucose levels and more. Herman Bonner, communication specialist at Firstbeat, which powers stress tracking features in a host of wearables from the likes of Garmin, Huawei and Suunto, explained in an article by Wareable that "it takes a lot of specialized expertise in mathematics, signal processing, pattern recognition, and programming to get to the point where you are providing useful information to people." Nemaura Medical Inc. (NASDAQ: NMRD), AdaptHealth Corp. (NASDAQ: AHCO), Senseonics Holdings, Inc. (NYSE: SENS), Medtronic plc (NYSE: MDT), Garmin Ltd. (NYSE: GRMN)

Key Points:

In recent times, remote patient-monitoring devices have become more popular due to the pandemic and social distancing measures which were implemented to combat it.
Most commonly, these medical wearable devices are designed to collect data and measure vital signs such as heart rate, blood pressure, blood oxygen saturation, bloodglucose levels and more.
Nemaura Medical Inc. (NASDAQ: NMRD), AdaptHealth Corp. (NASDAQ: AHCO), Senseonics Holdings, Inc. (NYSE: SENS), Medtronic plc (NYSE: MDT), Garmin Ltd. (NYSE: GRMN)
Wearable medical devices are now playing a larger role in the healthcare industry than ever before.
And, according to data published by Grand View Research, Inc., the global wearable medical devices market size was valued at USD 16.6 Billion in 2020.

Wearable Medical Devices Revolutionize How Patient Data Can be Tracked

Retrieved on:

Wednesday, September 28, 2022

NEW YORK, Sept. 28, 2022 /PRNewswire/ -- Some of the fastest growing segments in the medical device market by application include diagnostic devices like patient-monitoring systems, MRI machines, diagnostic imaging equipment (including X-ray devices and other diagnostic imaging), and ultrasonic scanning devices. In recent times, remote patient-monitoring devices have become more popular due to the pandemic and social distancing measures which were implemented to combat it. Most commonly, these medical wearable devices are designed to collect data and measure vital signs such as heart rate, blood pressure, blood oxygen saturation, blood glucose levels and more. Herman Bonner, communication specialist at Firstbeat, which powers stress tracking features in a host of wearables from the likes of Garmin, Huawei and Suunto, explained in an article by Wareable that "it takes a lot of specialized expertise in mathematics, signal processing, pattern recognition, and programming to get to the point where you are providing useful information to people." Nemaura Medical Inc. (NASDAQ: NMRD), AdaptHealth Corp. (NASDAQ: AHCO), Senseonics Holdings, Inc. (NYSE: SENS), Medtronic plc (NYSE: MDT), Garmin Ltd. (NYSE: GRMN)

Key Points:

In recent times, remote patient-monitoring devices have become more popular due to the pandemic and social distancing measures which were implemented to combat it.
Most commonly, these medical wearable devices are designed to collect data and measure vital signs such as heart rate, blood pressure, blood oxygen saturation, bloodglucose levels and more.
Nemaura Medical Inc. (NASDAQ: NMRD), AdaptHealth Corp. (NASDAQ: AHCO), Senseonics Holdings, Inc. (NYSE: SENS), Medtronic plc (NYSE: MDT), Garmin Ltd. (NYSE: GRMN)
Wearable medical devices are now playing a larger role in the healthcare industry than ever before.
And, according to data published by Grand View Research, Inc., the global wearable medical devices market size was valued at USD 16.6 Billion in 2020.

Widespread Utilization of AI Technology Continues with Households

Retrieved on:

Monday, September 12, 2022

NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Artificial intelligence is becoming more prevalent in households around the globe. According to AI Magazine, AI tech is already being used around the home in a variety of ways, including in products such as Smart Home Devices, Smart Locks, Remote Vacuum Cleaners as well as Virtual and Augmented Reality. These devices can be programmed to perform various functions: the robot vacuum for example, can be programmed to complete their cleaning tasks and navigation routes around the home. Smart vacuum cleaners need little to no assistance and some brands are even capable of emptying themselves. Additionally, the smart speaker technology has become quite prevalent in homes over the last several years. For instance, Amazon's Alexa and Google Home have accounted for the majority of the market share of the smart speaker segment in recent years. E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), Amazon.com, Inc. (NASDAQ: AMZN), NVIDIA Corporation (NASDAQ: NVDA), Alphabet Inc. (NASDAQ: GOOG)

Key Points:

Additionally, the smart speaker technology has become quite prevalent in homes over the last several years.
It is capable of object motion tracking, creating real-time maps, avoiding obstacles as it moves, and is powered by Nvidia's Jetson Xavier AI platform.
BAO TAO is the result of E-Home leveraging its recently acquired Chuangying Business Technology Co.'s technological knowhow to modernize and expand access to household services.
The new application seeks to redefine the Company's approach to AI technology in enterprise and household cleaning as well as waste and inventory management.