Latest news for CVR Medical (OTC:CRRVF) Stock

CVR Medical Corp is a medical device company. The company commercializing its Carotid Stenotic Scan (CSS), a patented, diagnostic tool that utilizes subsonic, infrasonic, and low-frequency sound wave analysis technology to detect and measure carotid arterial stenosis.

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CVR Medical Corp

The CNN Money Fear and Greed index showed some easing in the fear level, with the index moving to the &#8220;Fear&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index surging almost 500 points during the session.
Even as the major indices recorded gains on Friday, all three averages fell last week. The Dow dipped around 2.3% to record its third losing week in a row. The S&amp;P 500 declined about 2%, while the Nasdaq Composite fell around 1.8% last week.
On the economic data front, the U.S. personal consumption expenditures price index rose 0.1% month-over-month in November down from 0.2% in each of the prior two months and compared to market estimates of 0.2%. The University of Michigan consumer sentiment rose to 74 in December, recording the highest level since April, versus a reading of 71.8 in November.
Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) reported better-than-expected earnings for its fourth quarter on Friday.
All sectors on the S&amp;P 500 closed on a positive note, with utilities, real estate, and information technology stocks recording the biggest gains on Friday.
The Dow Jones closed higher by around 498 points to 42,840.26 on Friday. The S&amp;P 500 rose 1.09% to 5,930.85, while the Nasdaq Composite surged 1.03% to close at 19,572.60 during Friday's session.
Investors are awaiting earnings results from Limoneira Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>), Bridgeline Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>), and Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 28.1, the index moved to the &#8220;Fear&#8221; zone on Friday, versus a prior reading of 21.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

AVXL

BLIN

LMNR

Dow Jumps Around 500 Points But Records 3rd Straight Weekly Loss: Greed Index Moves To 'Fear' Zone

Steve Ballmer, the former Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO, has bet heavily on the tech giant, which accounts for more than 80% of his investment portfolio. The result? His approach has paid off handsomely.
What Happened: In a Q&amp;A <a href="https://www.wsj.com/finance/investing/steve-ballmer-the-non-investing-guru-of-investing-b0058c11">with</a> The Wall Street Journal that was published on Sunday, Ballmer shared that over 80% of his holdings are tied to his former company, Microsoft, with the remainder invested in stock index funds.
He attributes his financial success to Microsoft&#8217;s strong performance, particularly after the AI boom sparked by Microsoft-backed OpenAI&#8217;s ChatGPT in November 2022.
"Microsoft's outperformed just about every other asset I could have owned," he stated, adding, "It's a little hard to say that it hasn't worked out."
See Also: <a href="https://www.benzinga.com/tech/24/12/42608964/samsung-one-ui-6-1-1-update-is-turning-this-galaxy-series-phones-into-paperweights-bricking-random-reboots-and-overheating-reported?itm_source=parsely-api">Samsung One UI 6.1.1 Update Is Turning This Galaxy Series Phones Into Paperweights: Bricking, Random Reboots And Overheating Reported</a>
Ballmer <a href="https://www.benzinga.com/markets/24/12/42638406/tech-titans-triumph-the-top-10-billionaires-who-made-big-gains-in-2024">holds a 4.5% stake in Microsoft</a>. Since 2020 till now, Microsoft has returned an average of 28.37% annually, significantly outperforming the S&amp;P 500's average return of around 11.08%.
When Ballmer was asked if his strategy applies to everyday investors, he said, &#8220;I'd suggest keeping it simple—unless you're truly committed to becoming an expert.&#8221;
Microsoft currently has a market capitalization of $3.346 trillion, making it the third most valuable company in the world. According to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>, Microsoft shares have risen by 17.72% year-to-date.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Ballmer&#8217;s strategy is influenced by Warren Buffett, who recommends S&amp;P 500 index funds <a href="https://www.benzinga.com/startups/24/10/41252767/warren-buffetts-timeless-advice-is-to-invest-in-stocks-that-youd-be-perfectly-happy-to-hold-if-the-m">for retail investors</a>.
Now worth $151 billion, according <a href="https://www.bloomberg.com/billionaires/">to</a> the Bloomberg Billionaire Index, Ballmer also has a significant investment in the Los Angeles Clippers, which has appreciated since his $2 billion purchase in 2014, now <a href="https://www.forbes.com/teams/los-angeles-clippers/">valued</a> at $5.5 billion.
Earlier this year, <a href="https://www.benzinga.com/markets/equities/24/07/39588200/bill-gates-hired-steve-ballmer-as-the-first-business-manager-at-microsoft-and-now-is-behind-him-">Ballmer&#8217;s wealth briefly surpassed</a> that of Microsoft co-founder Bill Gates. However, at the time of writing, Gates is at number seven on the list with a net worth of $160 billion, ahead of Ballmer.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42609242/marques-brownlee-breaks-down-how-googles-ai-video-generator-veo2-outpaces-openais-sora?itm_source=parsely-api">Marques Brownlee Breaks Down How Google&#8217;s AI Video Generator Veo2 Outpaces OpenAI&#8217;s Sora</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Microsoft

Media

MSFT

Steve Ballmer's Winning Investment Strategy: Billionaire Says 'Keep It Simple' As His Microsoft Bet Pays Off Thanks To AI Boom

Goldman Sachs analyst Allen Chang initiates coverage on Pony AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) with a Buy rating and announces Price Target of $19.6.

Price Target

Initiation

Analyst Ratings

PONY

Goldman Sachs Initiates Coverage On Pony AI with Buy Rating, Announces Price Target of $19.6

&nbsp;Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that its stock will be added to the Nasdaq Biotechnology Index (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBI#NASDAQ">NBI</a>). The addition comes as a part of the annual reconstitution of the index. Alvotech's inclusion in the NBI will be effective when the U.S. market opens on Monday, December 23, 2024.

Government

Regulations

ALVO

Alvotech Joins Nasdaq Biotech Index, Effective Today

As the largest publicly traded dedicated non-operator, NOG has a large pipeline of acquisition opportunities and the Company frequently sends expressions of interest to acquire assets or businesses in order to evaluate and conduct due diligence on potential opportunities. Many of these requests to conduct diligence are rejected. The Company is not currently engaged in formal negotiations to acquire Granite Ridge.

Reported Friday, NOG Addressed Speculation On Granite Ridge Acquisition, Confirms No Formal Negotiations

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Limoneira Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>) to report a quarterly loss at 7 cents per share on revenue of <a href="https://www.benzinga.com/quote/LMNR/earnings">$42.45 million after</a> the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Limoneira shares gained 2% to $26.83 in after-hours trading.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) bagged a key win in its legal battle against semiconductor design company Arm Holdings Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). A federal jury in Delaware ruled that Qualcomm did not violate its licensing agreement with Arm, clearing a hurdle for the San Diego, California-<a href="https://www.benzinga.com/24/12/42633922/qualcomm-bags-win-in-chips-licensing-trial-against-arm-but-the-battle-is-not-over-yet">headquartered chipmaker</a>. Qualcomm shares gained 1.9% to $155.72 in the after-hours trading session.</li>
<li>Analysts expect Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) to post a quarterly loss at 16 cents per share before the opening bell. Anavex Life Sciences shares gained 0.2% to $8.65 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Brenmiller Energy Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>) shares rose sharply in after-hours trading on Friday after the company said it was awarded ISO/IEC 27001:2022 certification. Brenmiller Energy shares surged 12% to $0.8440 in the after-hours trading session.</li>
<li>Analysts expect Bridgeline Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) to post a quarterly loss at 5 cents per share on revenue of $3.87 million after the closing bell. Bridgeline Digital shares fell 0.7% to $1.48 in after-hours trading.</li>
</ul>
Check This Out:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

BNRG

QCOM

Qualcomm, Limoneira And 3 Stocks To Watch Heading Into Monday

SGML

Reported Friday, Sigma Lithium Secures Unanimous Approval For Triple Environmental License At Barreiro Mine

Fund manager Stephen Yiu of Blue Whale Growth Fund has forecasted that&nbsp;Broadcom Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) will yield substantial returns for investors by 2025, potentially surpassing AI chip heavyweight&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: Yiu said that tech giants like Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Google LLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are looking to broaden their AI chip supplier base. Despite their substantial purchases of Nvidia&#8217;s GPUs, these companies are now also creating their own custom chips for AI applications, CNBC<a href="https://www.cnbc.com/2024/12/23/-the-next-nvidia-broadcom-is-the-ai-chip-stock-to-own-in-2025-investor-says.html"> reported</a> on Monday.
Yiu sees Broadcom as&nbsp;the next Nvidia in terms&nbsp;of potential outperformance, thanks to its strong partnerships with major tech firms. 
&#8220;Nvidia's&nbsp;GPUs are very powerful, but&nbsp;at the same time also&nbsp;very expensive,&#8221; Yiu noted. &#8220;From&nbsp;Microsoft's perspective, you don't want&nbsp;to become overly dependent on&nbsp;one single supplier.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/12/42624559/warren-buffett-says-a-surge-in-people-doing-big-dumb-things-is-tied-to-historically-easy-access-to-other-peoples-money?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett Says A Surge In People Doing &#8216;Big Dumb Things&#8217; Is Tied To Historically Easy Access To Other People&#8217;s Money</a>
Broadcom&#8217;s year to date returns have climbed 103.42% this year, as of Monday pre-market hours, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>. It hit a market cap of over $1 trillion after announcing that its AI revenue&nbsp;tripled to $12.2 billion in&nbsp;2024. The company is working&nbsp;with three major cloud computing&nbsp;customers, Meta, Alphabet, and ByteDance, to develop custom AI chips.
Despite still holding an investment in Nvidia, Yiu has significantly cut it from nearly 10% of his fund's portfolio. He views Broadcom as a more attractive investment opportunity due to its smaller size. 
&#8220;For&nbsp;a $1 trillion company to&nbsp;grow 50% to become $1.5&nbsp;trillion is reasonable. But for&nbsp;Nvidia to do that, they&nbsp;would need to add another&nbsp;$1.5 trillion, which is a&nbsp;very big number,&#8221; he elaborated.
Why It Matters: Broadcom&#8217;s CEO Hock Tan has <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42613368/broadcom-expects-decade-long-ai-chip-boom-as-big-tech-invest-billions">expressed strong confidence</a> in the sustainability of the AI boom. Big tech companies like Google, Meta, and ByteDance are investing heavily in designing custom processors to accelerate the training and deployment of AI systems. Even OpenAI and Apple have partnered with Broadcom to develop their AI server chips, diversifying their exposure to Nvidia.
Kurv Investment Management&#8217;s CEO Howard Chan recently mentioned that chipmakers like <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42600155/exclusive-nvidia-broadcom-tipped-to-dominate-ai-compute-wave-by-kurv-ceo">Nvidia and Broadcom </a>are leading the AI wave. He noted that demand is outstripping supply in this sector, benefiting chipmakers and cloud computing service providers.
Former House Speaker Nancy Pelosi (D-Calif.), known for her active stock market investments as a member of Congress, disclosed in June that she had <a href="https://www.benzinga.com/news/24/09/40692177/whats-going-on-with-broadcom-shares-today" target="_blank" rel="noreferrer noopener">acquired call options on Broadcom. </a>These options, adjusted to a strike price of $80 after a 10-for-1 stock split, are set to expire in June 2025.
Pelosi, a widely followed Congressional trader, has drawn <a href="https://www.benzinga.com/news/24/09/40692177/whats-going-on-with-broadcom-shares-today">significant attention to her stock holdings,</a> inspiring dedicated Pelosi portfolio trackers. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42628397/bitcoin-ethereum-xrp-dogecoin-recover-from-days-losses-if-this-is-the-christmas-sell-off-and-the-top-so-be-it-trader-says?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Recover From Day&#8217;s Losses: &#8216;If This Is The Christmas Sell Off And The Top, So Be It,&#8217; Trader Says</a></li>
</ul>
Image via Shutterstock

AMZN

AVGO

GOOGL

NVDA

Is This Nancy Pelosi's Stock Pick Set To Overtake Nvidia? AI Chip Race To Heat Up By 2025 As Meta And Microsoft Look Beyond Jensen Huang's Chip Maker, Says Expert

<h3>Companies Reporting Before The Bell</h3>
• Anavex Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) is expected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Bridgeline Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $3.87 million. 
• Limoneira (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>) is expected to report quarterly loss at $0.07 per share on revenue of $42.45 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Scheduled For December 23, 2024

WHLM

Reported Friday, Wilhelmina International Confirms Nasdaq Delisting, Last Trading Day Expected December 31, 2024

GLDG

Reported Friday, GoldMining Renews At-The-Market Program For Up To $50M In Common Shares

Macro Economic Events

Econ #s

Economics

U.K. Gross Domestic Product (YoY) For Q3 0.9% Vs. 1.0% Est.; 0.7% Prior

U.K. Gross Domestic Product (QoQ) For Q3 0.0% Vs. 0.1% Est.; 0.4% (Revised) Prior

U.K. Current Account For Q3 -18.1B Vs. -22.9B Est.; 24.0B (Revised) Prior

U.K. Business Investment (QoQ) For Q3 1.9% Vs. 1.2% Est.; 1.8% (Revised) Prior

The<a href="https://www.benzinga.com/money/how-to-invest-in-the-sp-500"> S&amp;P 500 </a>is flashing a rare technical warning signal that hasn&#8217;t been seen since the Jimmy Carter administration, with declining stocks dominating market action for 14 consecutive days through Thursday.
What Happened: &#8220;Market tops have to start somewhere, and many begin with breadth divergences,&#8221; warns Ed Clissold, chief U.S. strategist at NDR, noting this marks the longest decline streak since Oct. 15, 1978, Business Insider <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-risk-signal-breadth-sp500-investor-sentiment-returns-2024-12">reported</a> on Monday. 
The troubling market breadth comes as the benchmark index trades just 4% below its record high, masking deeper problems beneath the surface. The equal-weighted S&amp;P 500, which better reflects the typical stock&#8217;s performance, has already fallen 7% from its peak.
Historical data paints a concerning picture for investors. After similar breadth declines since 1972, the S&amp;P 500 has averaged just 0.1% returns over the following six months – significantly below the typical 4.5% gain seen during all periods.
The market faces a critical test heading into the traditionally bullish year-end period. &#8220;A lack of a <a href="https://www.benzinga.com/24/12/42627985/which-magnificent-7-stock-will-gain-the-most-in-a-santa-claus-rally-28-select">Santa Claus Rally</a> would be concerning not only from a seasonal perspective, but it would allow breadth divergences to deepen,&#8221; Clissold cautioned.
Adding to the worries, NDR&#8217;s sentiment indicators show investors have maintained extreme optimism since September, marking the seventh-longest stretch of excessive bullishness since 1995. This optimism, combined with the Federal Reserve&#8217;s recent hawkish stance on 2025 interest rate cuts, has pushed the market toward its worst weekly performance since March 2023.
&#8220;If the stock market cannot rectify recent breadth divergences in the next few weeks, it would suggest our concerns about a more difficult 2025 could come to fruition,&#8221; Clissold concluded.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42639832/bitcoin-ethereum-dogecoin-lose-sheen-ahead-of-holidays-but-top-analyst-points-to-this-indicator-says-btc-will-hit-a-top-above-168k">Bitcoin, Ethereum, Dogecoin Lose Sheen Ahead Of Holidays But Top Analyst Points To This Indicator, Says BTC Will Hit A Top Above $168K</a>
Why It Matters: The term &#8220;Santa Claus rally&#8221; was coined by Yale Hirsch in 1972 in the &#8220;Stock Trader&#8217;s Almanac.&#8221; It refers to the tendency for <a href="https://www.benzinga.com/general/education/24/12/42625025/santa-claus-rally-in-2024-poll-shows-investors-split-on-end-of-year-returns-57-say-this">stock prices to rise </a>during the final five trading days of the year and the first two trading days of the following year. This period often sees higher prices due to factors such as year-end portfolio rebalancing, positive holiday sales reports, and optimism for the year ahead, all of which can contribute to strong returns for major stock market indexes.
When Benzinga asked if readers expect a Santa Clause rally, 57% responded that they expect one.
The S&amp;P 500 warning comes even as the <a href="https://www.benzinga.com/24/12/42627688/dow-surges-over-600-points-gold-jumps-1-5">index surged over</a> 1.5% to 5,956.61 on Friday.
The conflicting signals come as the benchmark index approaches what could be its <a href="https://www.benzinga.com/24/12/42430296/carson-researchs-50-year-study-suggests-that-the-26-months-old-bull-market-is-far-from-over">best election year</a> performance ever, having already notched 56 new all-time highs in 2024, according to Carson Research&#8217;s chief market strategist Ryan Detrick.
Price Action: Meanwhile, on Friday, the Dow traded up 1.55% to 43,000.53 while the NASDAQ rose 1.65% to 19,693.06. The S&amp;P 500 also rose, gaining, 1.53% to 5,956.61. SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which closely monitors the S&amp;P 500 closed 1.20% higher and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) closed 0.87% higher, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42639832/bitcoin-ethereum-dogecoin-lose-sheen-ahead-of-holidays-but-top-analyst-points-to-this-indicator-says-btc-will-hit-a-top-above-168k">Crypto Analyst: ‘2025 Will Continue To Be a Great Year for Bitcoin'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Analyst Color

'A Lack Of A Santa Claus Rally Would Be Concerning,' Says Analyst As S&P 500 Breadth Hits Lowest Since Jimmy Carter Era

ICL Appoints Elad Aharonson As President And CEO, Effective March 13, 2025

Rate decision supports investments in battery storage, transmission infrastructure and maintenance to improve reliability for customers.

Reported Friday, PGE Receives Approval For 2025 Rates, Supporting Critical Investments In Battery Storage And Grid Modernization

Reported Saturday, EHang Partners With Changan Automobile To Redefine Personal Transportation Through Innovative Flying Cars

RKLB

Reported Saturday, Rocket Lab Concludes 2024 With 16th Mission, Delivering Synspective Satellite And Celebrating Unprecedented Launch Cadence

CVR Medical

On Wednesday morning, 85 companies hit new 52-week lows.

<h3>Areas of Interest:</h3>

<ul>
	<li>Japan Tobacco (OTC:<a class="ticker" href="/stock/JAPAF#OTC">JAPAF</a>) is the largest company in terms of market cap to set a new 52-week low this morning.</li>
	<li>AlumiFuel Power (OTC:<a class="ticker" href="/stock/AFPW#OTC">AFPW</a>) is the smallest company on a market cap basis to set a new 52-week low.</li>
	<li>QAD (NASDAQ:<a class="ticker" href="/stock/QADB#NASDAQ">QADB</a>) was the biggest winner of the bunch, with shares actually trading up 25.0% after it rebounded from its new 52-week low.</li>
</ul>

Stocks dropping to new 52-week lows as of 10am on Wednesday:

<ul>
	<li>Japan Tobacco (OTC:<a class="ticker" href="/stock/JAPAF#OTC">JAPAF</a>) shares reached a new 52-week low of $20.76 on Wednesday morning, later moving 0.0% (flat) over the rest of the day.</li>
	<li>Enbridge (OTC:<a class="ticker" href="/stock/EBBGF#OTC">EBBGF</a>) shares reached a new 52-week low of $18.70 on Wednesday morning, later moving down 3.65% over the rest of the day.</li>
	<li>BT Group (NYSE:<a class="ticker" href="/stock/BT#NYSE">BT</a>) shares reached a new 52-week low of $9.79 on Wednesday morning, later moving down 0.31% over the rest of the day.</li>
	<li>Mitsubishi (OTC:<a class="ticker" href="/stock/MSBHY#OTC">MSBHY</a>) shares moved down 0.85% on Wednesday&#39;s session after setting a new 52-week low of $47.95 to begin trading.</li>
	<li>Renault (OTC:<a class="ticker" href="/stock/RNSDF#OTC">RNSDF</a>) stock hit a new 52-week low of $56.00 to begin trading. The stock was down 0.27% on the session.</li>
	<li>UCB (OTC:<a class="ticker" href="/stock/UCBJY#OTC">UCBJY</a>) shares reached a new 52-week low of $37.70 on Wednesday morning, later moving down 0.89% over the rest of the day.</li>
	<li>Resona Holdings (OTC:<a class="ticker" href="/stock/RSNHF#OTC">RSNHF</a>) stock hit a yearly low of $3.87 this morning. The stock was down 8.94% for the day.</li>
	<li>Tata Motors (NYSE:<a class="ticker" href="/stock/TTM#NYSE">TTM</a>) stock hit $7.97 on Wednesday morning, setting a new 52-week low. The stock traded down 8.03% over the course of the day.</li>
	<li>Amcor (NYSE:<a class="ticker" href="/stock/AMCR#NYSE">AMCR</a>) shares moved down 2.4% on Wednesday&#39;s session after setting a new 52-week low of $9.68 to begin trading.</li>
	<li>AGL Energy (OTC:<a class="ticker" href="/stock/AGLNF#OTC">AGLNF</a>) shares hit a yearly low of $12.81 today morning. The stock was down 1.46% on the session.</li>
	<li>Asustek Computer (OTC:<a class="ticker" href="/stock/ASUUY#OTC">ASUUY</a>) stock moved 0.0% (flat) over Wednesday&#39;s trading session after setting a new 52-week low of $31.40 to open trading.</li>
	<li>H. Lundbeck (OTC:<a class="ticker" href="/stock/HLUYY#OTC">HLUYY</a>) shares moved down 3.84% on Wednesday&#39;s session after setting a new 52-week low of $37.31 to begin trading.</li>
	<li>Macerich (NYSE:<a class="ticker" href="/stock/MAC#NYSE">MAC</a>) shares hit a yearly low of $27.96 today morning. The stock was up 0.82% on the session.</li>
	<li>Crown Resorts (OTC:<a class="ticker" href="/stock/CWLDF#OTC">CWLDF</a>) stock moved down 11.76% over Wednesday&#39;s trading session after setting a new 52-week low of $7.95 to open trading.</li>
	<li>Lions Gate Entertainment (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lgf-b#NYSE">LGF-B</a>) shares fell to $10.74 on Wednesday morning, setting a new 52-week low. Shares then moved 0.0% (flat).</li>
	<li>Lions Gate Entertainment (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lgf-a#NYSE">LGF-A</a>) stock moved down 0.19% over Wednesday&#39;s trading session after setting a new 52-week low of $10.17 to open trading.</li>
	<li>Indo Tambangraya Megah (OTC:<a class="ticker" href="/stock/ITAYY#OTC">ITAYY</a>) shares fell to $1.75 on Wednesday morning, setting a new 52-week low. Shares then moved down 0.57%.</li>
	<li>KAZ Minerals (OTC:<a class="ticker" href="/stock/KZMYY#OTC">KZMYY</a>) shares moved down 1.56% on Wednesday&#39;s session after setting a new 52-week low of $2.39 to begin trading.</li>
	<li>Banco del Bajio (OTC:<a class="ticker" href="/stock/BBAJF#OTC">BBAJF</a>) shares were down 0.57% over the session, having began the day with a 52-week low of $1.64.</li>
	<li>MSG Networks (NYSE:<a class="ticker" href="/stock/MSGN#NYSE">MSGN</a>) stock fell to a new 52-week low of $15.83 on Wednesday morning. Shares of the company traded down 7.6% on the day.</li>
	<li>Provident Financial (OTC:<a class="ticker" href="/stock/FPLPY#OTC">FPLPY</a>) shares fell to $4.44 on Wednesday morning, setting a new 52-week low. Shares then moved down 1.22%.</li>
	<li>Hawaiian Holdings (NASDAQ:<a class="ticker" href="/stock/HA#NASDAQ">HA</a>) stock fell to a new 52-week low of $23.68 on Wednesday morning. Shares of the company traded down 6.24% on the day.</li>
	<li>Nektar Therapeutics (NASDAQ:<a class="ticker" href="/stock/NKTR#NASDAQ">NKTR</a>) stock hit a yearly low of $17.03 this morning. The stock was up 1.14% for the day.</li>
	<li>Children&#39;s Place (NASDAQ:<a class="ticker" href="/stock/PLCE#NASDAQ">PLCE</a>) stock hit a new 52-week low of $71.90 to begin trading. The stock was down 8.41% on the session.</li>
	<li>Verso (NYSE:<a class="ticker" href="/stock/VRS#NYSE">VRS</a>) shares were down 1.14% over the session, having began the day with a 52-week low of $10.40.</li>
	<li>Fiera Capital (OTC:<a class="ticker" href="/stock/FRRPF#OTC">FRRPF</a>) shares began trading with a new 52-week low of $7.75 on Wednesday. The stock was down 9.38% for the day.</li>
	<li>Just Energy Group (NYSE:<a class="ticker" href="/stock/JE#NYSE">JE</a>) stock hit a new 52-week low of $1.28 to begin trading. The stock was down 7.2% on the session.</li>
	<li>QAD (NASDAQ:<a class="ticker" href="/stock/QADB#NASDAQ">QADB</a>) stock moved down 9.49% over Wednesday&#39;s trading session after setting a new 52-week low of $27.10 to open trading.</li>
	<li>ScanSource (NASDAQ:<a class="ticker" href="/stock/SCSC#NASDAQ">SCSC</a>) stock fell to a new 52-week low of $28.53 on Wednesday morning. Shares of the company traded down 5.68% on the day.</li>
	<li>Carbonite (NASDAQ:<a class="ticker" href="/stock/CARB#NASDAQ">CARB</a>) shares set a new 52-week low of $13.93 today morning. The stock traded down 0.71% over the session.</li>
	<li>Meredith (NYSE:<a class="ticker" href="/stock/MDP#NYSE">MDP</a>) shares set a new 52-week low of $44.02 today morning. The stock traded down 0.87% over the session.</li>
	<li>Atlas Mara (OTC:<a class="ticker" href="/stock/AAMAF#OTC">AAMAF</a>) shares set a new 52-week low of $1.05 today morning. The stock traded 0.0% (flat) over the session.</li>
	<li>Anworth Mortgage Asset (NYSE:<a class="ticker" href="/stock/ANH#NYSE">ANH</a>) shares were down 0.53% over the session, having began the day with a 52-week low of $3.47.</li>
	<li>Medical Facilities (OTC:<a class="ticker" href="/stock/MFCSF#OTC">MFCSF</a>) stock hit a new 52-week low of $5.03 to begin trading. The stock was down 2.52% on the session.</li>
	<li>Pengrowth Energy (OTC:<a class="ticker" href="/stock/PGHEF#OTC">PGHEF</a>) stock dropped to a yearly low on Wednesday morning of $0.24. Shares then traded down 0.41%.</li>
	<li>Lands&#39; End (NASDAQ:<a class="ticker" href="/stock/LE#NASDAQ">LE</a>) stock dropped to a yearly low on Wednesday morning of $8.16. Shares then traded down 1.22%.</li>
	<li>Seacor Marine Hldgs (NYSE:<a class="ticker" href="/stock/SMHI#NYSE">SMHI</a>) shares fell to $10.90 on Wednesday morning, setting a new 52-week low. Shares then moved down 2.46%.</li>
	<li>KLX Energy Services Hldgs (NASDAQ:<a class="ticker" href="/stock/KLXE#NASDAQ">KLXE</a>) stock hit a new 52-week low of $11.37 to begin trading. The stock was down 2.4% on the session.</li>
	<li>Wins Finance Holdings (NASDAQ:<a class="ticker" href="/stock/WINS#NASDAQ">WINS</a>) stock fell to a new 52-week low of $8.40 on Wednesday morning. Shares of the company traded down 0.24% on the day.</li>
	<li>Cross Border Resources (OTC:<a class="ticker" href="/stock/XBOR#OTC">XBOR</a>) shares began trading with a new 52-week low of $0.02 on Wednesday. The stock was down 11.11% for the day.</li>
	<li>KemPharm (NASDAQ:<a class="ticker" href="/stock/KMPH#NASDAQ">KMPH</a>) stock hit $0.85 on Wednesday morning, setting a new 52-week low. The stock traded up 0.46% over the course of the day.</li>
	<li>Ruth&#39;s Hospitality Group (NASDAQ:<a class="ticker" href="/stock/RUTH#NASDAQ">RUTH</a>) shares set a new 52-week low of $19.23 today morning. The stock traded down 0.21% over the session.</li>
	<li>Shenandoah (NASDAQ:<a class="ticker" href="/stock/SHEN#NASDAQ">SHEN</a>) shares set a new yearly low of $32.39 this morning. The stock was up 0.37% on the session.</li>
	<li>Senmiao Technology (NASDAQ:<a class="ticker" href="/stock/AIHS#NASDAQ">AIHS</a>) stock set a new 52-week low of $0.88 on Wednesday morning, with shares later moving down 3.89%.</li>
	<li>Cherry Hill Mortgage (NYSE:<a class="ticker" href="/stock/CHMI#NYSE">CHMI</a>) stock fell to a new 52-week low of $12.99 on Wednesday morning. Shares of the company traded down 3.26% on the day.</li>
	<li>Celcuity (NASDAQ:<a class="ticker" href="/stock/CELC#NASDAQ">CELC</a>) stock dropped to a yearly low on Wednesday morning of $18.20. Shares then traded down 5.42%.</li>
	<li>Axion Ventures (OTC:<a class="ticker" href="/stock/AXNVF#OTC">AXNVF</a>) stock fell to a new 52-week low on Wednesday morning at $0.30, and later moved down 0.17% over the session.</li>
	<li>Drone Services USA (OTC:<a class="ticker" href="/stock/DSUS#OTC">DSUS</a>) stock dropped to a yearly low on Wednesday morning of $0.0005. Shares then traded up 25.0%.</li>
	<li>PharmaCyte Biotech (OTC:<a class="ticker" href="/stock/PMCB#OTC">PMCB</a>) stock hit a new 52-week low of $0.03 to begin trading. The stock was up 5.11% on the session.</li>
	<li>Psychemedics (NASDAQ:<a class="ticker" href="/stock/PMD#NASDAQ">PMD</a>) stock moved 0.0% (flat) over Wednesday&#39;s trading session after setting a new 52-week low of $7.19 to open trading.</li>
	<li>Trinity Biotech (NASDAQ:<a class="ticker" href="/stock/TRIB#NASDAQ">TRIB</a>) shares reached a new 52-week low of $1.40 on Wednesday morning, later moving 0.0% (flat) over the rest of the day.</li>
	<li>Viratech (OTC:<a class="ticker" href="/stock/VIRA#OTC">VIRA</a>) shares moved down 0.58% on Wednesday&#39;s session after setting a new 52-week low of $0.01 to begin trading.</li>
	<li>Adhera Therapeutics (OTC:<a class="ticker" href="/stock/ATRX#OTC">ATRX</a>) shares reached a new 52-week low of $0.14 on Wednesday morning, later moving down 10.0% over the rest of the day.</li>
	<li>Can Fite Biofarma (AMEX:<a class="ticker" href="/stock/CANF#AMEX">CANF</a>) stock moved down 0.41% over Wednesday&#39;s trading session after setting a new 52-week low of $2.35 to open trading.</li>
	<li>Digital Ally (NASDAQ:<a class="ticker" href="/stock/DGLY#NASDAQ">DGLY</a>) stock fell to a new 52-week low of $0.95 on Wednesday morning. Shares of the company traded up 4.17% on the day.</li>
	<li>ECA Marcellus Trust I (NYSE:<a class="ticker" href="/stock/ECT#NYSE">ECT</a>) stock hit a new 52-week low of $1.39 to begin trading. The stock was 0.0% (flat) on the session.</li>
	<li>Puhui Wealth Investment (NASDAQ:<a class="ticker" href="/stock/PHCF#NASDAQ">PHCF</a>) stock fell to a new 52-week low of $2.09 on Wednesday morning. Shares of the company traded down 0.41% on the day.</li>
	<li>CLS Holdings USA (OTC:<a class="ticker" href="/stock/CLSH#OTC">CLSH</a>) stock moved down 2.27% over Wednesday&#39;s trading session after setting a new 52-week low of $0.20 to open trading.</li>
	<li>Transcanna Holdings (OTC:<a class="ticker" href="/stock/TCNAF#OTC">TCNAF</a>) stock hit a new 52-week low of $0.67 to begin trading. The stock was down 4.89% on the session.</li>
	<li>Paringa Resources (NASDAQ:<a class="ticker" href="/stock/PNRL#NASDAQ">PNRL</a>) stock hit a new 52-week low of $1.92 to begin trading. The stock was up 8.23% on the session.</li>
	<li>Finjan Holdings (NASDAQ:<a class="ticker" href="/stock/FNJN#NASDAQ">FNJN</a>) shares reached a new 52-week low of $1.95 on Wednesday morning, later moving down 0.8% over the rest of the day.</li>
	<li>PURE Bioscience (OTC:<a class="ticker" href="/stock/PURE#OTC">PURE</a>) stock fell to a new 52-week low of $0.26 on Wednesday morning. Shares of the company traded down 12.9% on the day.</li>
	<li>THC Biomed International (OTC:<a class="ticker" href="/stock/THCBF#OTC">THCBF</a>) shares set a new 52-week low of $0.11 today morning. The stock traded down 0.75% over the session.</li>
	<li>CVR Medical (OTC:<a class="ticker" href="/stock/CRRVF#OTC">CRRVF</a>) shares reached a new 52-week low of $0.09 on Wednesday morning, later moving up 1.84% over the rest of the day.</li>
	<li>Lianluo Smart (NASDAQ:<a class="ticker" href="/stock/LLIT#NASDAQ">LLIT</a>) shares set a new yearly low of $0.80 this morning. The stock was down 4.76% on the session.</li>
	<li>Mentor Capital (OTC:<a class="ticker" href="/stock/MNTR#OTC">MNTR</a>) shares fell to $0.22 on Wednesday morning, setting a new 52-week low. Shares then moved down 7.99%.</li>
	<li>Mikros Systems (OTC:<a class="ticker" href="/stock/MKRS#OTC">MKRS</a>) stock fell to a new 52-week low on Wednesday morning at $0.19, and later moved down 24.33% over the session.</li>
	<li>ADOMANI (NASDAQ:<a class="ticker" href="/stock/ADOM#NASDAQ">ADOM</a>) stock dropped to a yearly low on Wednesday morning of $0.11. Shares then traded down 16.54%.</li>
	<li>Chemistree Technology (OTC:<a class="ticker" href="/stock/CHMJF#OTC">CHMJF</a>) stock dropped to a yearly low on Wednesday morning of $0.14. Shares then traded up 3.82%.</li>
	<li>Northern Graphite (OTC:<a class="ticker" href="/stock/NGPHF#OTC">NGPHF</a>) shares reached a new 52-week low of $0.06 on Wednesday morning, later moving down 11.33% over the rest of the day.</li>
	<li>Altiplano Metals (OTC:<a class="ticker" href="/stock/ALTPF#OTC">ALTPF</a>) stock hit a new 52-week low of $0.05 to begin trading. The stock was down 12.97% on the session.</li>
	<li>Endocan (OTC:<a class="ticker" href="/stock/ENDO#OTC">ENDO</a>) shares reached a new 52-week low of $0.0049 on Wednesday morning, later moving up 1.69% over the rest of the day.</li>
	<li>Affinor Growers (OTC:<a class="ticker" href="/stock/RSSFF#OTC">RSSFF</a>) shares began trading with a new 52-week low of $0.01 on Wednesday. The stock was 0.0% (flat) for the day.</li>
	<li>Cruz Cobalt (OTC:<a class="ticker" href="/stock/BKTPF#OTC">BKTPF</a>) shares set a new 52-week low of $0.02 today morning. The stock traded down 8.7% over the session.</li>
	<li>GlyEco (OTC:<a class="ticker" href="/stock/GLYE#OTC">GLYE</a>) stock hit a new 52-week low of $0.85 to begin trading. The stock was down 15.84% on the session.</li>
	<li>Recruiter.Com Group (OTC:<a class="ticker" href="/stock/RCRT#OTC">RCRT</a>) shares began trading with a new 52-week low of $0.03 on Wednesday. The stock was down 20.0% for the day.</li>
	<li>Calyx Ventures (OTC:<a class="ticker" href="/stock/CLYXF#OTC">CLYXF</a>) stock set a new 52-week low of $0.01 on Wednesday morning, with shares later moving down 35.69%.</li>
	<li>YBCC (OTC:<a class="ticker" href="/stock/YBAO#OTC">YBAO</a>) stock hit a new 52-week low of $0.10 to begin trading. The stock was down 17.6% on the session.</li>
	<li>Biohemp International (OTC:<a class="ticker" href="/stock/BKIT#OTC">BKIT</a>) stock fell to a new 52-week low on Wednesday morning at $0.01, and later moved down 90.77% over the session.</li>
	<li>RAIT Finl Trust (OTC:<a class="ticker" href="/stock/RASFO#OTC">RASFO</a>) stock fell to a new 52-week low of $0.39 on Wednesday morning. Shares of the company traded down 37.7% on the day.</li>
	<li>Bergio International (OTC:<a class="ticker" href="/stock/BRGO#OTC">BRGO</a>) stock hit $0.000001 on Wednesday morning, setting a new 52-week low. The stock traded down 99.0% over the course of the day.</li>
	<li>CaliPharms (OTC:<a class="ticker" href="/stock/KGET#OTC">KGET</a>) shares were down 99.0% over the session, having began the day with a 52-week low of $0.000001.</li>
	<li>Artificial Intelligence (OTC:<a class="ticker" href="/stock/AITX#OTC">AITX</a>) shares set a new 52-week low of $0.00035 today morning. The stock traded down 20.0% over the session.</li>
	<li>Energy Revenue America (OTC:<a class="ticker" href="/stock/ERAO#OTC">ERAO</a>) shares reached a new 52-week low of $0.0011 on Wednesday morning, later moving down 26.67% over the rest of the day.</li>
	<li>AlumiFuel Power (OTC:<a class="ticker" href="/stock/AFPW#OTC">AFPW</a>) shares set a new 52-week low of $0.000001 today morning. The stock traded down 99.0% over the session.</li>
</ul>

Benzinga recently had the chance to chat with Energous Corp (NASDAQ:<a class="ticker" href="/stock/WATT#NASDAQ">WATT</a>)&rsquo;s CEO Stephen Rizzone. In the <a href="https://www.benzinga.com/news/17/01/8946744/exclusive-energous-ceo-discusses-partnerships-selected-due-to-very-quick-product-">first part of this article</a>, we looked into the company&rsquo;s new partnerships, how they were selected and when consumer products are hitting the market. In this second part, we&rsquo;ll share a peep into several products that feature Energous&rsquo; WattUp wireless charging technology.
&ldquo;It is important to note that all of the customers that I will be talking about have bought into our vision of the ecosystem build out,&rdquo; the exec pointed out. &ldquo;While we provide significant benefits in terms of footprint and size, the main benefit that we provide is that all of these transmitters that initially are going to be transmitting via mat will also be able to receive power from our mid-size transmitters, our full-size transmitters, and our integrative Wi-Fi transmitters, as they come into the market. So, the idea is (and the vision is) a fully compatible ecosystem starting with contact base charging, evolving to three-feet or desktop, a full size and then Wi-Fi connectivity.&rdquo;
<h3>Chipolo</h3>
The first client (or partner) that Rizzone mentioned was Chipolo.*
"They are arguably number two in the Bluetooth tracking device market behind Tile Inc. They announced two very, very interesting products. The first product they announced is the Chipolo Plus Gen 2. This is a refined version of their current Chipolo Bluetooth tracker; it is smaller in size in terms of diameter, and it contains our receiver so that now they have the ability to bundle a number of these trackers with a very, very low cost transmitter and provide a charging capability &ndash; whereas Gen 1 was to use it and after a period of time throw it away or return it to the manufacturer for a discount in sending out another one.
"Now the paradigm has shifted so these transmitters will have charging capabilities on a mat.
"The second product is a product called the Chipolo Sticker. This is very, very interesting because it is about 65 percent smaller than any other Bluetooth tracker on the market. The reason it can be smaller is twofold. One, it contains our charging receiver, which is extremely small (4 mm x 4 mm). Two, because of that, they are able to put a very, very small battery in it because now you can continually charge this device. So, this is now a device, a tracker that can be put on the side of your glasses it is so small.
"They expect to release this at the end of this year with our first iteration of our wire free transmitter. The initial concepts are like the small computer-sized speaker that would fit next to the desk and would send power out 2 to 3 feet and you could just drop your glasses, your keychain, anything else with a sticker mounted on it, you could drop it in the area and it would receive a charge."
<h3>SK Telesys</h3>
Second in line was SK Telesys, a large Korean company.
"One of the products is a hearing aid. Again, because of the size and the cost, they have been able to integrate charging into a hearing aid for hearing impaired. It is a very, very small hearing aid. At the end of the day you can take 1 or 2 devices and drop it on top of a small mat and charge it. Then again, these devices will be compatible, and the regulatory that we will be receiving from the FCC will allow you to wear these devices. These hearing aids could be changed by our desktop transmitter or our full-size transmitter and, again, as part of the ecosystem build out.
"They also introduced a smart ID card. This is a concept that is really taking off in the Far East, and we think it will move into the U.S. and into Europe. Basically, it is a credit card sized device, about the same size that has a screen on it; a thumbprint recognition capability; a storage capability that has all of your critical data, your personal data, your credit card information, financial information, passwords, and so on and so forth. And, of course, it requires a power.
"It would not be possible to put a battery of any significance into this device, so, again, our ability to work within this footprint is paramount in order to make this device viable. It is also going to be used for employee ID cards."
<h3>PERI</h3>
The third company using Energous&rsquo; technology is Peri.
"Peri is a small company in Southern California; they have a whole series of products that are scheduled for release. The first one though is a battery dongle [the PERI MicroPack] that you can put in your pocket, your briefcase, or a purse, and if you run low on your mobile device it can provide a 700mAh charge via a micro USB port. Then, it can be recharged by dropping it on the mat."
<h3>CVR Global</h3>
Next up was GVR Global/CVR MEDICAL CORP COM NPV (OTC:<a class="ticker" href="/stock/CRRVF#OTC">CRRVF</a>).
"CVR Global was a medical device company. They have a sensing device for cardiovascular disease [the Carotid Stenotic Scan]. The device is placed on the chest.
"Prior to the incorporation of our technology, they had these long and cumbersome cables that were required. There was a very, very significant hygiene issue and everything had to be clean [and] it was difficult to clean. The alternative with the WattUp technology is now it is hermetically sealed. You lift it out of the cradle, place it on top of the patient, the procedure is completed; it is [then] returned to the cable. There is nominal cleaning; it is very mobile."
<h3>Sejin Electronic Inc.</h3>
The fifth partner Rizzone mentioned was Sejin Electronic.
"They are a Korean company and they have come out with a number of iterations of our mat transmitters [Miniature WattUp transmitters]."
<h3>Pegatron</h3>
Finally, there&rsquo;s Pegatron.
"Pegatron is arguably the second largest ODM in the world. They are going to be doing two things for us.&nbsp; First of all, they are going to be manufacturing our mat-based transmitters on white label so companies like Chipolo, who have the receivers, will be able to white label a transmitter to their design and specification and bundle it in a single package.
"Pegatron has also developed a number of reference designs. The one they had at CES was a reference design for a fitness tracker which gets very small form factor.&nbsp; It contains everything from heart monitoring to a small screen, the necessary features and functionality to provide a fitness band and it is a reference design. So, if you want a fitness band or you want to incorporate this technology into intelligent clothing or sports clothing or whatever, there is now a fully developed reference design that you can just take and design in, and obviously save considerable time and money."
<h3>The Timeline</h3>
"All of these products I believe will be hitting the market in the second quarter, except for possibly CVR. They still have some FDA approvals that are necessary.&nbsp; They are going through the trials now. So, if it is not the second quarter, it will be after that.
"But, this is the first product that will be incorporating our technology. I want to again emphasize the point, they are being released with our first iteration of transmitters, but every one of these customers are completely bought into and believe in the vision of an ecosystem build out where all of these receivers today are going to be compatible with all of the transmitters today and tomorrow."
*Note: Interview transcript has been edited for length and clarity.

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