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Friendable Inc. (FDBL) Announces Key Metrics Driving Growth of Fan Pass Live Artist Platform; Details February Contest

  • The acquisition of Artist Republik, in addition to the flagship offering (Fan Pass Live), has created an all-inclusive opportunity for artists on the platform – creating the optimal “anti-label” solution
  • The company reported 14,000% YOY on revenue and 8,000% YOY on its artist portfolio
  • Social media metrics show increased growth in all three channels – Instagram, Facebook, and Twitter
After the recent key acquisition of music distribution company Artist Republik, Friendable (OTC: FDBL) is pleased to announce a significant increase in key metrics, driving the growth of its flagship offering, the Fan Pass Live artist platform. Now positioned as the only 360-degree, all-inclusive music artist platform, Fan Pass Live has quickly become the “anti-label” opportunity for artists to turn to when they want to remain in control of their music but need a support system to back them up. The Fan Pass Live offering covers everything from livestream to virtual events, and now, with Artist Republik’s resources, the opportunity to get playlist placements and distribute music – the ultimate start to finish for independent artists within the music industry. Friendable reported a 14,000% YOY increase in its revenue, resulting in more than $20,000 for January 2022. The company also saw an artist portfolio increase of over 8,000% YOY, resulting in a total of 105,000 artists, following the recent Artist Republik acquisition (https://ibn.fm/WJ0Rf). In addition to a higher number of artists, the acquisition also brought more services to the platform, including music distribution, playlisting services, fan/follower growth services (“Grow with Us” campaigns), and more to be announced at a later date. “With our speed increasing, technology advancing, and artist adoption continuing, we believe our offering is one of a kind,” Friendable CEO Robert A. Rositano Jr said. “This said, our intent is to continue iterating, upgrading, and adding new offerings, assisting our artists in earning, maintaining control, and staying away from the big labels.” He explained that the revenue-generating ideas considered last year included the launch of non-fungible tokens (“NFTs”), and that, given the rise of virtual reality or metaverse opportunities, the company is prepared to explore partnerships in these areas, rather than developing these options internally at this time. “Priority is staying focused on our core business aims – building revenues, artists, fans, and content – which remain the current and future pillars of our success,” Rositano Jr. explained. “Thank you to my brother/partner/CTO, our amazing team here, our artists and partners, and to all our shareholders who continue to support our efforts.” Additional key metrics – all social media-related – where the company reported significant growth, include: Instagram: @fanpasslive Over the last 90 days:
  • Accounts engaged have gone up 72.8%,
  • Total followers are up 22.5%,
  • Content interaction is up 65.1%,
  • Post interactions are up 45.4%, and
  • Video reactions are up 100%
Over the last 30 days:
  • Accounts engaged have gone up 61.8%,
  • Total followers are up 13.1%,
  • Content interaction is up 61.6%,
  • Post interactions are up 90.2%, and
  • Video reactions are up 33.3%
Facebook: @fanpasslive Over the last 28 days:
  • Reach is up 56%,
  • Post engagement is up 51%, and
  • Page likes are up 644%
Twitter: @friendableinc When compared to January 2021, Tweet impressions are up 834% YOY. Over the last 28 days:
  • Tweet impressions are up 470.1%,
  • Profile visits are up 93.7%, and
  • Friendable’s Twitter account has gained 1,900 new followers
In addition to these metrics, the company has announced its February artist contest. “Ticket to Win” offers artists who sell the most tickets the opportunity to gain additional money in their pocket – with a chance of winning $500 (1st place), $250 (2nd place), $150 (3rd place), and an entry into a raffle to win their own merchandise collection when they purchase any available merch. In addition to the cash prizes, artists get to keep 100% of the tips and ticket sales they generate. For more information, visit the company’s websites at www.Friendable.com or www.FanPassLive.com. NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

Tingo Inc.’s (TMNA) Core Subsidiary Tingo Mobile Set to Launch Multi-Million Dollar Fund to Support Female Farmers; the First Grant Awarded to Female Fungus Farmer

  • Tingo build on strong focus on gender equality, encouraging women in business as core value while engaging thousands of women agents in Nigeria
  • Company set to launch fund to award grants mainly to female farmers and inspire new generation of leaders
  • Tingo to continue supporting Nigerian farmers as economic empowerment is considered key to achieving continent’s socio-economic transformation
Tingo (OTC: TMNA) has been long known for supporting farmers in Africa, especially women lead businesses, but its wholly owned subsidiary Tingo Mobile is elevating that support to the next level. The company is set to launch a ₦2.5 billion (approximately $6 million) fund to award grants mainly to female farmers and inspire a new generation of leaders committed to helping Nigeria reach its potential both in Africa and beyond. The company awarded the first grant amounting to ₦600,000 at the Exquisite Ladies of the Year (“ELOY”) Awards held in Lagos on November 26, 2021. The reward went to Etimbuk Imuk, a female farmer producing edible mushrooms that meet international standards. Before founding her own agri-business, Eti Farms Global, she served as an agricultural consultant helping people set up their farms and acquire the best farming practices (https://ibn.fm/yvPQH). With a proven commitment to supporting the Nigerian farming community, Tingo continues to find new ways to support the community throughout the country. Through its device-as-a-service model, the company offers rural farmers the opportunity to use mobile devices to access Nwassa—its proprietary online agri-marketplace platform that connects players across the agricultural value chain. In addition, through TingoPay, farmers have access to mobile wallet and payment services. Now Tingo appears poised to deliver genuine gender equality and diversity by empowering women entrepreneurs who work in the agri-ecosystem. According to UN Women, an entity for gender equality and women’s empowerment, the gender gap in the labor market caused sub-Saharan African economies to lose $95 billion per every year since 2010 (https://ibn.fm/1o2ax). Tingo appears poised to change this worrying statistic as, according to the UN, investing in women’s economic empowerment establishes a direct route towards gender equality, poverty eradication and inclusive economic growth. Experts also believe that women’s economic empowerment is the key to achieving the African Union’s Agenda 2063, a framework for the continent’s socio-economic transformation (https://ibn.fm/PaMLy). With more than 4,000 women agents supporting the rollout of its services in Nigeria alone, Tingo remains committed to promoting women entrepreneurs. Its rural programs provide services targeted at this underserved market segment, and the company has a measurable approach to deliver enhanced opportunity and key social impact (https://ibn.fm/EP1qo). Grants can prove essential as innovations in farming can have significant potential to accelerate Nigeria’s economic growth and improve the standard of living for millions since farmers make up 66% of Nigeria’s workforce. Dozy Mmobuosi, Tingo, Inc. and Tingo International Holdings, Inc. CEO, said in a statement: “As the creators of Nwassa, Africa’s largest Agri-Marketplace platform, we at Tingo have analyzed the data about what Nigerians are eating, and we are excited to see a new generation of agricultural pioneers, leaders and innovators, and will be providing grants so that these leaders can become role models for future generations and make the Nigerian diet just as famous as the Mediterranean diet,” Mmobuosi affirmed. Hoping to make the mushrooms available on supermarket shelves by the first quarter of 2022, Etimbuk, the first winner of the grant and hopefully one of many in the future, stated, “The plan is to put Nigeria on the global map with respect to mushrooms as part of a diet and have Eti Farms at the center of it all.” She shares the same vision with Tingo, the company that demonstrated commitment to helping Nigeria reach its true global potential through social upliftment in agribusiness. Confident in the high quality of Nigeria’s fresh food and its essential role in building a physically strong and resilient population, Tingo confirmed that the company would continue to support male and female Nigerian farmers by awarding grants through partnerships with other leading brands in the country. For more information, visit the company’s website at www.TingoGroup.com. NOTE TO INVESTORS: The latest news and updates relating to TMNA are available in the company’s newsroom at https://ibn.fm/TMNA

The New England Cannabis Convention To Be Held In Boston

Cannabis growers, traders, industry professionals, and enthusiasts are invited to attend the New England Cannabis Convention (“NECANN”), on March 18-20, 2022. NECANN events, organized since 2014 are considered as one of the largest cannabis events on the east coast. The NECANN events attract a huge number of Hemp, MMJ and Cannabis traders/professionals in the Northeast in the annual Boston Cannabis Convention. These events are the home base for the New England cannabis industry. The New England Cannabis Convention in Boston offers a viable avenue for learning the intricacies of the Cannabis Industry and establishing networking and communication among cannabis growers, consumers and investors across the region. This event is the perfect platform for new businesses and traders to explore and discover long-term business opportunities. The New England Cannabis Convention in Boston last year witnessed over 9,000 people, which is expected to cross the 10,000 mark this year. With recreational marijuana legal in Massachusetts, all the eminent personas of the industry are expected to be present at this not-to-miss event. The Boston Convention is attended by industry leaders, thinkers and cannabis professionals who will share their knowledge and insights, as well as discuss the future trends of this rapidly growing industry. Attendees can visit the exhibitor booths where businesses showcase their business products and services and share information about their business. These Exhibitors booths are particularly useful for people looking to gain marijuana information, marketing knowledge, the latest cutting-edge technology and products, ensuring that your experience at the NECANN Event is a fulfilling one. Attendees may also take part in four tracks of local programming, investor and wellness workshops, and the all-day New England Crypto Conference Workshop. Influential names like AYR Wellness, Weedmaps, and hundreds will be present at this Cannabis Convention. The NECANN event is a great networking platform for small industries, startups and new cannabis growers and treaders to explore business opportunities and develop ties with eminent cannabis companies and investors. From learning points about environmental concerns, government measures to discuss the latest trends and technologies in cannabis cultivation, you can discover a huge data of information at your disposal. The NECANN Boston Convention will also host the 2022 New England Cannabis Community Awards. These awards are focused exclusively on New England, to appreciate some of the people and organizations who have contributed to the New England cannabis communities and industries. This year’s 8th Annual New England Cannabis Convention will also be another year of the NECANN Cup, recognizing and awarding the best cannabis products from New England. For more information, please visit https://ibn.fm/fElhz.

American Cannabis Partners Committed to Sustainable Business Practices

  • Top companies recognize the “massive opportunity of sustainability”
  • Consumers are becoming increasingly aware and supportive of companies working to make a difference
  • ACP follows an organic cultivation model that includes the implementation of sustainable operating practices
Sustainability is a growing concern — and priority — for businesses in today’s environment-conscious and energy-aware world, and smart companies, including American Cannabis Partners (“ACP”), are committed to doing their part. A multistate cannabis company, ACP is committed to operating its business with a positive impact on the environment, employees and customer experience. “Companies at the top of their industries recognize the massive opportunity of sustainability — and the opportunity cost of letting this chance slip by,” reported a recent Forbes article (https://ibn.fm/x014s). “The U.S. government under President Joe Biden rejoined the Paris Climate Agreement, while the EU continues to put pressure on its members to head toward carbon neutrality. For startups and enterprise leaders alike, the time to embrace sustainability has arrived.” The advantages of sustainability are twofold: making a positive impact on the environment, and connecting with consumers who are becoming increasingly aware and supportive of companies working to make a difference. “Over the last five years, consumers have exhibited a strong shift in preferences for more sustainable products,” Forbes reported. “They want companies to use more recycled materials, move away from fossil fuels and reconsider their roles as stewards of the resources they use. Everyone, from food producers to technology companies, is subject to this scrutiny.” The sustainability trend has permeated all sectors, including cannabis. ACP follows an organic cultivation model that includes implementing sustainable operating practices designed to reduce the company’s environmental footprint and increase its social responsibility. “A comprehensive approach is taken to maximize impacts on our operations,” the company states. “Use of local purchasing and employment, environment-friendly products, energy and water conservation efforts, and a waste-management program have increased our ‘triple bottom line,’ positively impacting people, planet, and profit” (https://ibn.fm/NLieG). ACP’s commitment to doing what is environmentally right is only one aspect of what sets it apart. A fully licensed, large-scale and 100% organic cannabis cultivation company, ACP is strategically positioning itself in four sectors of the cannabis space: real estate, cultivation, medical research and nonprofit groups. American Cannabis Partners supplies multiple forms of raw product at wholesale prices for manufacturing, distribution and retail licensees in both the medical and recreational markets. Its commodity pricing model enables stable profit margins for customers, aiding the company’s expansion into multiple states. The company is currently operating in two states — California and Michigan — with a total of 12 cannabis licenses, including 20,000 square feet of cultivation licenses in California and 540,000 square feet of cultivation licenses along with a retail license in Michigan. For more information, visit the company’s website at www.ACPFarms.com. NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://ibn.fm/ACP

FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Files Audited FY 2021 Financial Statements; On Track to Commercialize its Green Ammonia Production System

  • FuelPositive just filed its audited financial statements for the year ended September 30, 2021
  • Initial demonstration systems for green ammonia production are scheduled for launch and validation, starting in mid-2022
  • FuelPositive has also hired Counsel Public Affairs Inc. to offer government relations services
  • It also announced the appointment of Jeanne Milne to lead the company’s efforts to secure government grants
  • The company’s new head office will be located within the Kitchener-Waterloo area, and new staff will be joining the company once the space is secured
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) just filed its audited financial statements for the 2021 financial year, in what is projected to be the company’s best year yet, also announcing significant milestones, particularly with its demonstration project rollout scheduled for mid-2022 (https://ibn.fm/1HSU1). Financial materials are available publicly under the FuelPositive profile on the SEDAR website (www.sedar.com). The initial demonstration systems for the company’s green ammonia production system, which were scheduled for launch by mid-2022, are on schedule. Comprising of three elements- a nitrogen generator, a water electrolyzer, and a green ammonia synthesis reactor, FuelPositive is confident that it will begin validating the demonstration system in mid-2022. FuelPositive also announced the first demonstration pilot project- a 6,000-acre grain and plant-based farm located in Manitoba. This location will offer the company an avenue to test the production unit and show what it can do in the harsh Canadian climate. “We are on track to deploy our first prototype in Manitoba in late summer 2022,” noted Ian Clifford, the Chief Executive Officer (“CEO”) and Board Chair of FuelPositive. “Our first site visit, which was conducted last week, went extremely well and we are now finalizing our agreement with the farmer,” he added. FuelPositive has also brought on board Counsel Public Affairs Inc., one of Canada’s leading public affairs agencies, to offer government relations services going forward. Additionally, this agency will be working alongside Sussex Strategy Group to further the company’s interests. FuelPositive’s management notes that with its focus on decarbonizing agriculture and building energy independence, it shares various goals with all levels of government across Canada. As such, having Counsel Public Affairs Inc. as a partner would help it navigate through the market efficiently and achieve its set goals. “Counsel Public Affairs complements the team at Sussex Strategy Group, setting us up well to identify areas of common interest between FuelPositive and the provincial governments in Western Canada as they tackle climate change,” noted Mr. Clifford. In December 2021, FuelPositive appointed Dr. Claudia Wagner-Riddle, the first member of its Agriculture Sector Advisory Panel. The nomination aligned with the company’s goal to advise farmers on how to best use its green ammonia on their farms and reduce on-farm emissions. The company has announced that it is finalizing the membership of this panel, which would go hand in hand with the appointment of Jeanne Milne to lead the company’s efforts to secure government grants. Jeanne will lend her vast experience supporting small- and medium-sized enterprises to navigate shifting markets and helping tech companies to earn revenue from their innovations. She has also founded, managed, and grown two companies and has held various key leadership positions in an international consumer goods company. FuelPositive also announced its new head office location- the Kitchener-Waterloo area. A lease has been signed for office and lab space in the Catalyst 137 building in Kitchener, Ontario. The Company is continuing to look for manufacturing space in the same area of Ontario, which is convenient for international visitors, close to the major town of Toronto, and offers affordable housing for its employees. The company has also announced that it is actively recruiting new hires. Job descriptions have already been posted on the company’s website, and interviews are underway for critical positions, including but not limited to Mechanical Designer, Chemical Engineer, Tooling Technician, Junior Research Assistant, and Human Resources Consultant. FuelPositive’s management is excited about the company’s plans going forward and its technology’s potential, specifically with addressing global warming. “FuelPositive is moving forward at full speed to commercialize our in situ, modular, scalable and transportable green ammonia production system. As the weeks go by, the world is becoming increasingly excited about the potential of green ammonia to decarbonize our industries, offer control and energy independence to consumers, and provide food security for our future,” noted Nelson Leite, the Chief Operating Officer (“COO”) of FuelPositive. For more information, visit the company’s website at www.FuelPositive.com. NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF

Kaival Brands Innovations Group Inc. (NASDAQ: KAVL) Win Judicial Stay of the FDA’s Marketing Denial Order

  • Kaival Brands is the exclusive global distributor of products manufactured by Bidi Vapor LLC
  • Bidi Vapor announced that it has been granted a judicial stay of the marketing denial order issued by the FCA in September 2021, which will permit the company to market all its products in the United States, pending the outcome of the lawsuit
  • Kaival Brands expect the decision to result in a significant rebound in BIDI(R) Stick sales, with the company’s distribution partners expected to reestablish previous sales volumes
Kaival Brands Innovations Group (NASDAQ: KAVL), the exclusive global distributor of products manufactured by Bidi Vapor LLC (“Bidi Vapor”), including the BIDI(R) Stick disposable electronic nicotine delivery system (“ENDS”), which is intended exclusively for adults 21 and over, announced, that the U.S. Court of Appeals for the Eleventh Circuit has granted a judicial stay of the marketing denial order (“MDO”) previously issued by the U.S. Food and Drug Administration (“FDA”) to Bidi Vapor in September 2021. The stay order, which was issued on February 1, 2022, allows Bidi Vapor and Kaival Brands to market and sell all of its BIDI(R) Stick ENDS, including its tobacco, menthol, and flavored products within the United States pending the outcome of the lawsuit; moreover, Bidi Vapor has also reiterated its intention to continue with its merits lawsuit which is set to compel the FDA to place Bidi Vapor’s Premarket Tobacco Product Application (‘PMTA’) for the favored ENDS back under scientific review. Bidi Vapor had previously submitted PMTAs for all 11 of their flavor varieties (9 flavored ENDS offerings in addition to Menthol and Tobacco) of its BIDI(R) Stick prior to the original September 9, 2020 PMTA deadline, with the detailed applications running to over 285,000 pages – including robust and reliable scientific data supporting that its flavored BIDI(R) Sticks provide an added benefit to adult smokers over tobacco-flavored ENDS. Nonetheless, the regulatory overview of the United States’ vape market remains largely a work in progress, with the FDA’s decision last September to take more time to process outstanding PMTA’s leading to a temporary removal of over 946 thousand flavored e-cigarette products from the US marketplace (https://ibn.fm/RnOl3). Kaival Brands have placed strict focus on their regulatory compliance from both, a manufacturing and retailing standpoint, with recent behavioral studies carried out by the company revealing that the majority of BIDI(R) Stick consumers were older smokers who were either able to transition completely away from smoking or were able to significantly reduce the number of daily cigarettes smoked. The company’s proactive and compliant stance has been reflected by the recent favorable judicial stay decision, which permits Bidi Vapor to resume marketing on all products in the United States, pending the outcome of the lawsuit. “We expect this judicial stay will result in a rebounding of BIDI(R) Stick sales,” said Niraj Patel, president and CEO of both Kaival Brands and Bidi Vapor. “Many wholesale and retail partners had discontinued or slowed purchases of the BIDI(R) Stick, until we heard back from the courts on the likelihood of our merits case succeeding,” Patel said. “This is what our wholesale and retail partners have been waiting for.” Patel further elaborated on the company’s compliances with FDA norms, as well as Bidi Vapor and Kaival Brands’ goal of providing adult smokers, 21 and older, with a viable alternative to combustible cigarettes. “We believe that Bidi Vapor has developed substantial, robust and reliable scientific evidence through, among other things, surveys, behavioral studies and clinical trials establishing support that the product is appropriate for the protection of the public health,” Patel said. “Following on FDA’s initial administrative stay of the MDO, we believe that this recent judicial stay is a good indication that the Court finds some merit in Bidi Vapor’s arguments and puts Bidi Vapor’s PMTA one step closer to being properly and fully evaluated by FDA”. For more information, visit the company’s website at www.KaivalBrands.com. NOTE TO INVESTORS: The latest news and updates relating to KAVL are available in the company’s newsroom at http://ibn.fm/KAVL

Impending Merger Between Growth Capital Acquisition Corp. (NASDAQ: GCAC) and Cepton Technologies, Inc. Approaches; Shareholder Special Meeting on February 9, 2022

  • GCAC announces another milestone that brings company closer to completing impending transaction with Cepton Technologies, a Silicon Valley developer of LiDAR-based innovative technology
  • SEC declared effectiveness of Registration Statement and Special Meeting date for proposed business combination where stockholders will vote to approve transaction
  • Cepton provides highly competitive price-for-performance LiDARs; initially targets advanced driver assistance systems (“ADAS”) segment but is poised to expand into new markets and applications
Growth Capital Acquisition (NASDAQ: GCAC), a special purpose acquisition company, announced that it would hold the Special Meeting of its stockholders at 10:00 A.M. Eastern Time on February 9, 2022, following the SEC’s declaration of the company’s registration statement on Form S-4 effective (https://ibn.fm/TKVG9). The proxy voting process is already in progress. Special Meeting will allow shareholders to consider the previously proposed business combination with Cepton, a Silicon Valley innovator of LiDAR-based technology. The meeting will be held online via live audio webcast at www.cstproxy.com/gcacorp/2022, entitling GCAC stockholders of record on January 13, 2022, to vote to approve the proposed transaction with Cepton. Relevant documents, including the definitive proxy statement, were mailed to GCAC’s shareholders of record as of the close of business on the Record Date on or about January 25, 2022. After closing the transaction, the combined company’s common shares are expected to list on Nasdaq under the ticker symbol “CPTN” while the warrants would list under “CPTNW.” The company announced that the merger with Cepton Technologies Inc. values Cepton at an enterprise value of around $1.5 billion on a cash-free, debt-free basis. As the race to fully autonomous vehicles (“AV”) and advanced driver assistance systems (“ADAS”) was accelerating, Cepton recognized that new technology — LiDAR, or light detection and ranging — could be the answer to some of the AV and ADAS challenges. Still, the LiDARs are yet to become commercialized for mass adoption as the technology’s application is mainly restricted to ultra-high-end vehicles. Founded in 2016 and led by industry experts to meet key LiDAR industry challenges for mass-market adoption, Cepton now serves a fast-growing customer base through an international presence across North America, Germany, Japan, India, and China. What differentiates Cepton from many of its competitors is its proprietary Micro Motion Technology (“MMT(R)”) which uses quartz-crystal-like materials instead of MEMS (micro-electro-mechanical systems). This feature allows Cepton to offer improved performance and lower power usage – all delivered at a better price point. Commitment to constant innovation in a space with a great potential for value creation, Cepton was awarded the CES(R) 2022 Innovation Awards Honoree in the Vehicle Intelligence & Transportation category with its Nova LiDAR — a miniature, wide field of view LiDAR sensor for near-range applications (https://ibn.fm/HGaHD). Focused on the mass market commercialization of its high performance, high-quality LiDARs, the company has also secured deals with Koito Manufacturing, General Motors (NYSE: GM), and Ford (NYSE: F). The deal with General Motors is the industry’s largest automotive OEM program, positioning Cepton as the first company to bring LiDAR sensors to production markets. As a result, the company is expected to slash production costs in half over the coming years – from around $1,000 to near $500 (https://ibn.fm/vsSGK). This watershed moment could potentially bring LiDARs from the industry’s fringes straight to the automotive mainstream. The anticipated start of production is set for 2023. For more information, visit the company’s website at www.GCACorp.com NOTE TO INVESTORS: The latest news and updates relating to GCAC are available in the company’s newsroom at https://ibn.fm/GCAC

Nemaura Medical Inc. (NASDAQ: NMRD) Set to Capitalize on Glucose Monitoring Sector’s Exponential Growth Rate

  • The blood glucose monitoring system sector is expected to grow to a value of $27.2 billion by 2026, expanding at a CAGR of 9.6% between 2021-2026
  • Over 420 million people around the globe currently have diabetes, with the American Diabetes Association recommending that all adults screen for the condition every three years
  • Nemaura Medical has sought to capitalize on the blood glucose monitoring sector’s phenomenal growth rate through the launch of its proprietary body worn continuous glucose sensor in both the diabetes sector and consumer healthcare sector.
  • The company’s flagship sugarBEAT(R) device provides diabetic and pre-diabetic patients with the ability to track their glucose levels without the use of needles or puncturing the skin – a concept previously thought to be highly implausible
The American Diabetes Association (“ADA”) recently published their recommendations for the Standards of Medical Care in Diabetes, advocating for all adults aged 18 years and older who were overweight, obese, or suffering from other diabetes and pre-diabetes risk factors to get screened. Moreover, the ADA also suggests that all adults be screened for diabetes beginning at age 35 years, with healthy patients repeating screenings at three-year intervals. As such, it comes as no surprise that a recent report delving into the blood glucose monitoring system market has forecast the sector to expand to an annual value of $27.2 billion by 2026, with a CAGR of 9.6% between 2021-2026 (https://ibn.fm/4V317). Nemaura Medical (NASDAQ: NMRD), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, has sought to capitalize on the burgeoning growth within the sector through the release of its two flagship constant glucose monitoring (“CGM”) products, the sugarBEAT(R) and MiBoKo application. Over 420 million people globally are currently living with diabetes, with pre-diabetic cases totalling almost three times that number. Meanwhile, and in the US alone, over $760 billion was spent on diabetes-related health care expenditures during 2019, equating to an average annual spend upwards of $9,000 per diabetic patient compared to approximately $1,600 for a healthy individual (https://ibn.fm/1zyrx). A rise in the global diabetic population has led to an exponential increase in the use of constant glucose monitoring devices, a critical technological innovation providing both diabetic and pre-diabetic individuals with early detection of hypo and hyperglycaemic conditions. Nemaura Medical has long made it its corporate mission to develop non-invasive wearable diagnostic devices designed to help diabetic and near-diabetic patients monitor blood glucose levels by measuring blood makers at the surface of the skin. Its revolutionary sugarBEAT(R) CGM device provides users with non-invasive glucose monitoring; as described by the company, it works by “drawing a small number of selected molecules, such as glucose into a patch placed on the skin. These molecules are drawn out of the interstitial fluid which naturally sits just below the top layer of skin.” (https://ibn.fm/O2GXl). The company has followed up on the successful pre-launch campaign of its sugarBEAT(R) technology in the UK by its UK licensee, which has already garnered orders for 200,000 sensors in the United Kingdom, with the release of the MiBoKo application. The MiBoKo application, a service offering that has been in development over the past 18 months, and uses a non-invasive glucose sensor to determine users’ Metabolic Score, which is based on glucose tolerance or insulin resistance. The device is linked to an AI mobile application, which seeks to provide users with personalized information by tracking their metabolism. Users will be able to find out how well their body responds to sugar through their metabolic health score — and how what they eat and what they do every day uniquely affects their metabolic health. With constant glucose monitoring devices rapidly gaining proponents amongst endocrinologists and the public alike, Nemaura Medical has set out to produce what was hitherto thought to be implausible – a revolutionary product through which patients can monitor their sugar levels which do not require any needles or necessitate the individual to puncture their skin at all. For more information, visit the company’s website at www.NemauraMedical.com. For more information on MiBoKo, visit www.Miboko.com. NOTE TO INVESTORS: The latest news and updates relating to NMRD are available in the company’s newsroom at https://ibn.fm/NMRD

Kronos Advanced Technologies Inc. (KNOS) Is ‘One to Watch’

  • Kronos’ planned West Virginia factory improvements are on schedule, expected to finish in Q1 2022
  • The company is currently developing new consumer electronics products in the wellness category
  • Kronos has filed an S-1 with the SEC regarding a proposed secondary stock offering
  • The company is preparing to manufacture its patented air purifiers in its U.S. factory to satisfy increasing demand
  • Kronos will increase production of its 5-ply graphene mask, the only one of its kind made in the United States
Kronos Advanced Technologies (OTC: KNOS) develops and sells a variety of disruptive, advanced, state-of-the-art air filtration and purification systems that fully remove harmful allergens, bacteria, viruses (including the flu), and even gasses from indoor breathing spaces, including healthcare and other settings. Kronos’ own patented medical-grade technology is tested as the most effective clean air solution on the market. Kronos filters particles down to .0146 micron (.0146μm) – far beyond the 3 microns (0.3μm) of a traditional HEPA filter. Kronos(R) not only collects but destroys air pollutants. Kronos(R) AIR 5G(R) Air Purifiers use about 30,000 volts inside to actively destroy 99.99% of all airborne bacteria, mold, and virus particles. Kronos(R) devices operate silently using nanotechnology to remove 100% of pollutants in a 400ft2 room (up to the whole house) and replenishes the room with pure, clean air every 15 minutes. Indoor household air is often four times more polluted than outdoor air, and Kronos air purifiers act like bionic lungs for the home and protect the people in it. Unlike traditional HEPA systems that collect pollutants on filters which can, over time, grow mold and bacteria, Kronos’ patented technology destroys and eliminates all manner of harmful particles and deposits them on easy-to-clean collecting plates. This reduces the risk of harmful particles in the air and eliminates the need to replace costly HEPA filters every month. The Kronos(R) AIR 5G(R) Air Purifier destroys and eliminates dust, allergens, bacteria, and even viruses. The AIR 5G(R) has been third party lab tested and confirmed to kill 99.87% of influenza virus in one hour. The patented system’s five step process starts with a pre-filter screen that filters and collects hair, pet dander, etc. The air is then pulled through emitter wires which create a 30,000-volt electro field that zaps dangerous particulates. In the ionic field, charged particles are destroyed, killing bacteria and pathogens. The particles are then captured on collecting plates, removing dangerous toxins from circulation. The collecting plate is easily cleaned and reused without buying new filters. The catalytic layer is the final step in the purification process, removing odors and keeping the air fresh and pure. The AIR 5G(R) has Smart Control Auto Mode, which measures and displays the air quality in the room and self-adjusts fan speed based on how dirty the air is in the room. There’s also an AIR 5G(R) Smart App that displays the real time Air Quality Index and acts as a remote control. The Kronos(R) AIR 5G(R) Air Purifier is offered in three models:
  • Kronos(R) AIR 5G(R) X3 air purifier combines powerful patented TPA(R) technology with a compact form factor up to six times smaller than other air purifiers, with washable and reusable filters.
  • Kronos(R) AIR 5G(R) X5 thoroughly wipes out dust, smoke, dander, bacteria, pollen, viruses, odors, germs, and more from the air, delivering the healthiest breathable air possible. It was developed for some of the world’s most polluted areas and is now available for use in the home. It runs completely silently, passing through five stages of purification to guarantee the cleanest possible air in homes or offices.
  • Kronos(R) AIR 5G(R) X8 delivers maximum power, more than doubling the capacity and efficiency of the Kronos X5, with CADR speeds of up to 470 CFM – enough to clean a 1,000ft2 room in just 20 minutes.
Kronos also offers the Kronos Car Air Purifier, the most advanced car air purifier with Kronos’ patented TPA(R) technology, and FitAir, the best personal air purifying solution that brings clean air anywhere by cleaning within 25ft2 of personal space at an airflow rate of 3x per hour. Market Overview The global air purifier market was valued at $10.38 billion in 2020 and is expected to reach $21.15 billion by 2027, achieving a CAGR of 10.7% over the forecast period, according to Brandessence Market Research. The market is primarily driven by the increasing concerns about both outdoor and indoor air pollution, coupled with the associated health problems. Air pollution is one of the most prevalent concerns, due to worsening environmental condition. According to Health Effect Institute, it accounts for 4.9 million to 8.8 million deaths worldwide each year. Furthermore, as most of our time is spent is indoors, indoor air pollution remains a serious concern to individuals, as well as regulatory agencies. Particles like PM 2.5 can enter indoors through a wide range of sources including car engines, fireplaces, and coal- or natural gas and the infiltration of ambient particulates in urban areas. Even in the absence of solid fuels, indoor ventilation can build up PM 2.5 particles to a greater extent than in outdoor environments. Growing demand for portable air purification filters and systems in urban areas, increased advancements to catch key particulates like coronavirus, and increased regulatory measures to ensure safe environments for professionals in the industrial sector remain leading drivers of growth in the air purifier market. Poor indoor air quality can cause fatigue, headache, and irritation of the eyes, throat, lungs, and nose, which can have a negative impact on worker productivity. Some air contaminants can cause asthma and other respiratory diseases. Air purifier adoption is increasing rapidly in the U.S. to minimize health issues caused by poor air quality. Strict air quality standards, guidelines, and regulations in the U.S. are expected to have a positive impact on the market. For instance, the New Jersey Indoor Air Quality standard, NJAC 12:100-13 (2007), sets guidelines and standards related to indoor air quality during working hours in public employee-occupied buildings. Key manufacturers are focusing on acquisitions and mergers to expand their geographical reach and strengthen their position in the market. Management Team Michael Rubinov, President and Head of Business Development A seasoned hi-tech executive with 25 years of global business experience, Mr. Rubinov has served in various positions in sales, marketing, channel development and partner management. He has worked for large and global organizations such as Intel, NICE Systems, and Boeing (Defense and Security), as well as for start-up companies like Dialogic and Remunera International SA. He was appointed President and Head of Business Development of Kronos Advanced Technologies Inc. in February 2020. Mr. Rubinov holds an MBA, an MS Computer Sciences, and a BS Electrical Engineering. Joseph L. Florence, Chief Operational Officer & CTO A dynamic skilled leader in all aspects of business formation, evaluation, and execution, Mr. Florence brings a unique combination of Fortune 100 company experience with a lifetime of entrepreneurial experience to the Kronos team. He is a gifted visionary, possessing the unique ability to see future opportunities and make timely strategic adjustments and is naturally gifted at seeing unrecognized risk and overlooked opportunities. Mr. Florence has a proven track record of transforming companies to better align people, processes, and technologies to meet strategic goals and business metrics resulting in increased market share and profitability. For more information, visit the company’s website at www.KronosATI.co. NOTE TO INVESTORS: The latest news and updates relating to KNOS are available in the company’s newsroom at https://ibn.fm/KNOS

A Beachhead Market for Cepton: Every OEM Sees LiDAR as Necessity for Safer Driving

  • Cepton Technology is coming public this month via a merger with SPAC Growth Capital Acquisition Corp.
  • Cepton is a leader in lidar technology, working with all the top automotive OEMs and signing the largest lidar contract to date where its MMT will be used in General Motors’ Ultra Cruise ADAS
  • Cepton recently hosted a Virtual Investor Day where the management team provided comprehensive insight into the past and future as it targets $1.22 billion in revenue is 2026

Occasionally, an industry emerges that fundamentally changes the game. In the automobile industry, the future is autonomous driving, starting with Advanced Driver Assistance Systems (“ADAS”) before it evolves into full-on driverless technology. According to Dr. Jun Pei, CEO of Cepton Technology, the future of autonomous will include a combination of lidar (light detection and ranging), camera, and microwave technologies working seamlessly to keep passengers safe in vehicles. In the words of Dr. Pei during a recent Virtual Investor Day, don’t think Cepton is “just another lidar story;” Cepton is writing lidar’s history, including winning the largest ADAS lidar contract to date.

Cepton is coming public through a merger with special purpose acquisition company Growth Capital Acquisition (NASDAQ: GCAC), with a shareholder vote on the merger scheduled for February 9. Ahead of the meeting, GCAC has accumulated approximately $172.5 million in trust, plus another $59.5 million via a PIPE (private investment in public entity).

During the two-hour presentation, Cepton’s leadership team took turns detailing the company and the industry in a highly informative and easy-to-understand manner that illustrated exactly why Cepton is differentiated from any peers in the lidar space. From the minutiae to the broad strategy, Pei and company made it easy to see why Cepton was selected by GCAC founders after exploring over 100 potential acquisition targets for the SPAC.

Lidar and associated technology can be complex and intimidating for those outside engineering circles, which Pei, who received his Ph.D. in Electrical Engineering from Stanford University, seems to have a firm grip on when providing insight on Cepton technology. He lays out exactly how the company got to where it is today since formation six years ago with the specific purpose of becoming the dominant force in mass market lidar.

Lidar uses infrared beams of light, shooting them into space, recording the travel time to reflect home, and then using equations to determine distance. When combined with computing power, lidar creates a map of the environment that undergirds autonomous driving and vehicle safety. Heralded for the last decade as the future for cars, lidar engineers faced countless obstacles for what Pei calls the three pillars of lidar: performance, cost, and reliability.

To overcome these challenges, Cepton looked to some time-tested and auto-approved technologies for illumination and detection and married it with their own patented tech called MMT(R) (micro-motion technology). In summary, MMT(R), is a microscopic optical array merged with a voice coil being microscopically driven over a magnet. It is completely frictionless with no complex optical components and stunning performance.

These qualities resulted in a partnership with Koito, the biggest Tier 1 automotive lighting company in the world, and General Motors (NYSE: GM), which is now solely using Cepton’s lidar technology in its vehicles through 2027. More precisely, Cepton’s lidar is the center point of GM’s new Ultra Cruise ADAS, its upgraded version of its popular Super Cruise tech that will make hands-free driving possible on essentially every road in the U.S., an industry first. The contract is, hands down, the biggest the lidar industry has ever seen. It is not merely a contract to put Cepton’s lidar on one model of a GM vehicle. It will be used for every vehicle in the GM family receiving Ultra Cruise.

Throughout the Investor Day presentation, the company provides a bevy of insight on how onerous a path it is for an upstart (or any company for that matter) to win such a contract from a Tier 1 automaker, including the design process, the importance of Koito as a partner, and all the software and hardware work necessary to build what is arguably the most advanced lidar system available today, complete with Cepton’s own low-power, sesame-sized ASIC chip that handles all the processing.

Part of the genius of Cepton’s LiDAR is its versatility. With its tiny footprint, it can go behind windshield, in Koito headlamps, or on the vehicle body, whatever the OEM wants. And, according to Brunno Moretti, VP of Product Marketing, lidar seeing booming demand. “Every OEM that I’ve talked to…sees lidar as a necessity, sees it as a way to get to fewer accidents,” said Moretti during the investor presentation.

Management went on to enlighten shareholders about how it continues to build a rigid barrier to entry to ward off any potential competition as part of its go-forward strategy. For starters, working intimately with companies like GM, Ford (NYSE: F), Koito and other top names provides validation and a rapport that is not easily duplicated as one becomes integral to their infrastructure. Cepton has had “boots on the ground” in Detroit for years making sure it is meeting any demands automakers require.

Owing to confidentiality agreements, Cepton cannot disclose all the companies it is working with, but it did share that it has engagements with nearly 200 companies across many verticals. Cepton is working on optimization of MMT(R), as well as new technologies, including sharing a video clip demonstrating its SLAM (simultaneous localization and mapping) tech.

According to Mitch Hourtienne, VP of Business Development at Cepton, the new product launch of Ultra Cruise has tremendous potential to scale after the initial roll-off in 2023. Opportunities should abound in new models and geographic expansion, plus potentially new alliance partners akin to the way Honda is adopting GM’s Super Cruise on certain models.

The presentation also included a financial section that gave CFO Winston Fu an opportunity to discuss the revenue forecast through 2026, when revenue is expected to reach $1.22 billion. While GM certainly is a key influencer, the overall revenue plan is diversified throughout hundreds of engagements with other companies highly interested in incorporating lidar technologies. Fu went on to detail the strategy on customer retention and lowering selling price points while simultaneously expanding gross margins, which should exceed 50% in 2025.

Cepton’s team spent nearly an hour fielding and answering questions from shareholders that provided additional perspective on decisions and where the company is headed, including very specific topics (scalability, hurdles, illumination design, etc.).

What is evolving for Cepton is a beachhead market where Cepton has the opportunity to gain a dominant market share in the auto industry while positioning to address adjacent markets where lidar is applicable. Confident in the company’s position, Pei quipped, “You don’t have to project who the winner is. Cepton is already the winner.”

For more information, visit the company’s website at www.GCACorp.com

NOTE TO INVESTORS: The latest news and updates relating to GCAC are available in the company’s newsroom at https://ibn.fm/GCAC

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