RedChip Companies
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Weekly Newsletter
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KWESST Appoints Former Chief of Police to Lead the Expansion of the Company's Critical Incident Management Solutions to the Public Safety Market
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KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U), a developer of next-generation tactical systems for military, security and personal defense markets, today announced the appointment of Daniel V. Garcia to lead the expansion of the Company's Critical Incident Management solutions to the public safety market. Garcia is former Assistant Chief of Police for the Dallas Police Department and Chief of Police of the Phoenix Police Department.
According to Accenture, digital transformation presents one of the biggest challenges for public safety agencies. Globally, the public safety and security market was $435 billion in 2021 and is expected to reach $868 billion by 2028, growing at a CAGR of 10.4%, according to Fortune Business Insights.
"I am very excited at the potential for KWESST's digital transformation technologies to provide the kind of integrated situational awareness solution that agencies everywhere need," said Garcia. "As the former head of two of America's largest police forces, I know firsthand the importance of implementing solutions that can improve responder safety and incident management. KWESST's solutions are the critical missing piece in major incident response."
For more information, visit www.kwesst.com
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Genius Group’s Edtech arm GeniusU closes Metaverse round at US$250 million valuation
Genius Group (NYSE American: GNS) announced that its Edtech arm, Singapore based GeniusU Ltd, has completed a seed round to support the development of its Genius Metaversity virtual learning plans, valuing the Edtech subsidiary at $250 million.GeniusU has attracted more than 2.8 million students and 10,300 partners to its online learning platform, delivering interactive courses and assessments in entrepreneurship, investing and 21st century skills. GeniusU plans to extend its courses and programs to interactive learning environments in the metaverse, with students and faculty connecting and learning in global classrooms and virtual 3D environments.
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BTCS Adds Axie Infinity to its Blockchain Infrastructure Operations
BTCS Inc. (Nasdaq: BTCS), a blockchain technology-focused company, announced the addition of Axie Infinity to its blockchain infrastructure operations. In 2021, Axie Infinity’s non-fungible token (“AXS”) transaction volume totaled over $3.5B, which accounted for two-thirds of the blockchain gaming space’s total volume. Axie Infinity is a user-owned, blockchain-based gaming universe where players can collect creatures called Axies to battle, breed, and build kingdoms with. AXS is an ERC-20 token that players can earn while winning games or purchase on cryptocurrency exchanges. Through AXS tokens, players can participate in governance proposals and claim staking rewards.
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Nutriband Subsidiary Active Intelligence LLC Registers with FDA as a Medical Device Manufacturer for its AI Kinesiology Tape Product
Nutriband Inc. (NASDAQ:NTRB)(NASDAQ:NTRBW), a developer of transdermal pharmaceutical products, announced its Active Intelligence LLC subsidiary has registered as a Class I medical device manufacturer with the U.S. Food and Drug Administration (FDA) to manufacture and distribute its proprietary AI Tape, to compete in the growing kinesiology tape market. AI Tape is a kinesiology tape that is placed on the skin to support for athletes recovering from sports injuries. The global sports medicine market exceeded $5 billion in 2021 and is projected to grow at a 6.8% CAGR through 2028, reaching an estimated $8.9 billion, according to data from Statista.
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SPI Energy's Solarjuice Signs 2GW Supply Contract with Sungrow
SPI Energy Co., Ltd. (NASDAQ:SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, announced its SolarJuice Co., Ltd. ("SolarJuice") subsidiary signed a 2GW (gigawatt) supply agreement with Sungrow, the global leading inverter solutions supplier for renewables. The 2GW capacity of the supply contract, which includes PV inverters, storage systems, batteries, and other accessories, makes this the largest and most comprehensive contract of its kind in the Australian solar market. The parties announced the agreement at the Smart Energy Conference & Exhibition (Smart Energy 2022), Australia's premier event for solar, storage, and energy management, on May 6.
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Upcoming Events |
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OTC: DEFTF - DeFi Technologies |
4:15pm Eastern |
DeFi Technologies builds and manages assets in the rapidly emerging decentralized financial market, providing institutional and retail investors easy access to previously unseen returns through innovative projects and groundbreaking protocols that are fundamentally reshaping the global financial system. |
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NASDAQ: DPRO - Draganfly |
4:15pm Eastern |
Draganfly has been a leader in the professional drone industry for more than 20 years, supporting clients with enterprise drone solutions, contract engineering services, custom software, professional unmanned aerial vehicle (UAV) services, and more. |
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NASDAQ: BRAG - Bragg Gaming Group |
11:00am Eastern |
Bragg Gaming Group is a next generation gaming group with cutting-edge technology, leading brands and world-class management expertise, developing into a global gaming force. Formed by a team of gaming industry experts, Bragg's main portfolio asset is ORYX Gaming, an innovative business-to-business gaming technology platform and casino content aggregator. |
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NASDAQ: SPRC - SciSparc Ltd. |
4:15pm Eastern |
SciSparc is a specialty pharmaceutical company developing unique cannabinoid technologies for treatment of central nervous system disorders. The proprietary compounds capitalize on the biochemistry of receptors that specialize in modulating the central nervous system (CNS) to create therapeutics that mitigate the adverse symptoms associated with CNS disorders. |
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Archive Events |
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Private - Newt Financial |
Meeting Duration 35 minutes |
Newt is a cloud-based Software as a Service (SaaS) platform enabling enterprises to offer digital financial products and services. Digital financial technologies and infrastructure are reshaping payments, commerce, and access to financial services, creating a growing market opportunity for digital financial service disruptors like Newt. |
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NASDAQ: RVSN - Rail Vision |
Meeting Duration 30 minutes |
Rail Vision is the leading provider of obstacle detection and classification systems in the railway industry. |
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NASDAQ: MDGS - Medigus Ltd |
Meeting Duration 41 minutes |
An Israeli technology company, Medigus is focused on building innovative growth partnerships, primarily in advanced medical solutions, digital commerce, and electric vehicle (EV) markets. |
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NASDAQ: ARDS - Aridis Pharmaceuticals |
Meeting Duration 36 minutes |
Aridis Pharmaceuticals is a late-stage clinical development company, leading the creation of transformative, first-in-class anti-infectives for life-threatening viral and bacterial respiratory infections. |
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Lesson of the Week
Learn what "beta" is and how it applies to your investments.
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RedChip TV |
MidSouth Week in Review
For the week, the S&P declined 2.6%, its sixth consecutive week of declines.
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