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VeeMost Technologies, LTD acquired JPX Global, Inc. (OTCPNK: JPEX) with a name change to follow. The company, still trading under the JPEX ticker, recently launched VeeShield Cloud Security, their first security product offering. VeeShield will be offered in three packages: Pro, Pro+, and Cloud hybrid next-generation firewall, all with technical services to support the product. VeeShield is initially being made available only to VeeMost’s corporate customers then will be publicly available for all enterprise users and home users at a date soon to be announced.
Cyber security spending has been forecasted to jump to $150.4 billion this year, a gain of 12.4% from last year. A recent study showed that many organizations still do not have what it takes to prevent a cyber-attack, nor do they have the necessary tools in place to detect or stop an attack in progress. Another study revealed that the most attention is centered around securing the workplace, while mobile devices and home networks from where users now access company data get the least attention.
Cryptocurrency and its choice for hackers to receive payment from their victims due to the inherent anonymity built into that technology, have fueled the determination of cyber-criminals. The incidence of hacker attacks in the cryptocurrency sector is forecast to increase.
On August 14, 2020, Nexus Energy Services, Inc. (OTC Pink: IBGR) completed a reverse merger with Dryworld Brands, LLC, whereby the Company acquired 100% interest in Dryworld Brands, LLC. DRYWORLD is a premium performance sports brand offering innovative, superior quality apparel and gear for the athletes. They offer purpose-driven products that give all athletes the edge. Engineered by athletes, proven by science, they have recently announced the launch of an Amazon store. These are the Dryworld Brands:
CoreD
The capsule collection for athletes. Core pieces that everyone needs in their athletic wardrobe. IBGR has reconstructed nine classic athletic silhouettes with an unparalleled attention to detail in material selection, fit, branding, and seam construction.
HauteD
Trendsetting athletic apparel that pushes the boundaries of performance and fashion. Hand sewn with unparalleled attention to detail and performance. Made from high quality, often unusual fabrics.
FreeD
For those who just love the brand and want to rock it. A selection of cotton blended T’s, Hoodies, Caps, and more.
SignatureD
DRYWORLD’s signature innovations: DRYFEET, AGGRESSION Apparel, LUXSAUNA and THERMALITE made of the revolutionary BIOSKYN material.
NioCorp Developments Ltd. (OTCQX: NIOBF) has announced a significant advance in its ongoing process optimization and rare earth recovery test work being conducted for the Elk Creek Superalloy Materials Project by L3 Process Development. Process improvements also point to a potentially efficient extraction process for recovery and purification of rare earth elements, in addition to the Project’s planned production of niobium, scandium, and titanium.
L3 has conducted bench-scale testing at its facility in the province of Quebec, Canada to optimize the Project’s current processing flowsheet and demonstrate that NioCorp can recover and produce high purity rare earth elements, such as neodymium-praseodymium, dysprosium, and terbium, in addition to the niobium, scandium, and titanium products already planned for production by the Company, once Project financing is secured. Additionally, the higher purity niobium and titanium intermediates produced by this process could move NioCorp closer to the eventual production of high purity niobium and titanium materials needed for next-generation of Lithium-Ion batteries. NioCorp already plans to produce high purity scandium, which also is being investigated for possible use in next-generation solid-state Lithium-Ion batteries
Results for the first quarter of fiscal 2022 ending January 31, were recently released by FuelCell Energy, Inc. (NASDAQ: FCEL). Revenues of $31.8 million were significantly higher compared to the Q1 2021 revenues of $14.9 million. Loss from operations of $(44.8) million and were negatively impacted by a non-recurring expense of $24 million, or approximately $0.07 per share, related to payment of legal fees to outside counsel in connection with settlement of the POSCO Energy dispute. As of January 31, 2022, restricted cash and cash equivalents was $28.5 million.
FCEL further advises that its backlog is $1.31 billion as of January 31, 2022.
The company has advised the achievement of a critical technical milestone associated with their differentiated carbon capture application under the Joint Development Agreement with ExxonMobil Research and Engineering Company. Their solution is engineered to capture carbon dioxide, as well as NOx, SOx, and particulates, from an external source while simultaneously producing power and hydrogen.
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