QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Corrects Shareholder Letter to Reflect $0.38 Per Share

 Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has released a letter to its shareholders designed to address the decrease in the company’s share price. The letter noted that earlier this week, the company’s common stock closed at $0.32 per share, down 90% since the end of March. The company currently trades at a discount to its current cash position of $135 million or $0.38 per share. The letter noted several key factors, including $86.7 million of cash available to operations and $0.68 of cash value per share as of March 31, 2023, and the completion of two acquisitions, which has added valuable, unencumbered assets to the company’s balance sheet. “Despite the decline in stock price, management believes we are in position to meet the previously announced objectives for moving first into the production and then sale of our Class 3 commercial vehicles during the quarter ending Sept. 30, 2023,” the company stated in the shareholder letter. “To date, the company has filed over 200 U.S. and international patent applications, with 90 patents granted to date, related to vehicle design, technology, safety and convenience features in support of the Mullen FIVE consumer vehicle program. The company has received $279 million in purchase orders from Randy Marion Automotive Group for Mullen Class 1 and Class 3 EV vans and trucks. Randy Marion, based in North Carolina, is one of the largest commercial vehicle dealer groups in the U.S.”

To view the full press release, visit https://ibn.fm/r1SjG

About Mullen Automotive Inc.

Mullen Automotive is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in two company-owned, United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, the Mullen-GO Commercial Urban Delivery EV, Mullen commercial class 1 and 3 EVs; and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and class 4–6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. To learn more about the company, visit www.MullenUSA.com.

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
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Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – CISO Global Inc. (NASDAQ: CISO) Featured in Equity Research Report

 CISO Global (NASDAQ: CISO), an industry leading cybersecurity and compliance provider, was featured in a recent equity research report published by Cantor Fitzgerald. The report, titled “Consistent 1Q23 Execution Adjusting for Non-Cash Related Charges/Noise,” adjusts Cantor’s 12-month price target to $1 from $2 due to volatile trading conditions while emphasizing CISO’s consistent business execution and its solid start to 2023.

The publication reads, “As the focus in 2023 is on profitable growth, free cash flow was at -$2.3M, an improvement of over half a million dollars q/q and by +$800K better versus 1Q22. We attribute the FCF improvement realized to efficiency optimization on the best-in-class operations team, in our view. Deferred revenue growth continued on its accelerating path expanding >1.1x y/y to clear $4 million again, an indication the company is making headway into the large enterprise accounts. The cybersecurity talent labor imbalance continues to pivot to a shortfall, and the condition has not materially improved since last year, as we expected it would. The industry secular tailwind is supporting strong fundamentals in a recurring revenue rate of >62% on a TTM basis and a new logo retention rate of over 90%. On balance, we believe team CISO Global is starting 2023 in consistent execution despite the ongoing macro challenges and volatile trading conditions impacting the general software sector; however, we envision the company will accelerate at a healthy pace of 40-50% organically through 2023-24.”

To view the full report, visit https://ibn.fm/j4ufm

About CISO Global Inc.

CISO Global is an industry leader as a managed cybersecurity and compliance provider. The company is rapidly expanding by acquiring world-class cybersecurity, secured managed services, and compliance companies with top-tier talent that utilize the latest technology to create innovative solutions to protect the most demanding businesses and government organizations against continuing and emerging security threats and compliance obligations. For more information about the company, visit www.CISO.inc.

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Set to Capitalize on the Concentrated Natural Graphite Supply Chain

 

• The graphite supply chain is geographically concentrated with nearly 65% of output currently produced in China
• The U.S. pursued to promote further investment and geographical diversification within the sector, with credits granted to electric vehicles produced with critical minerals that are not supplied by ‘foreign entities of concern’
• Reflex Advanced Materials are working towards demonstrating the positive economics of the past producing, Ruby Graphite mine in Montana, USA
• The company recently revealed that they are in talks with prospective North American customers and are beginning the material qualification programs for end use potential offtake clients down the line

A battery’s anode is a crucial component of its design, responsible for receiving incoming electricity and dissipating the heat created in the process of doing so; notably, it is also almost entirely made up of graphite. Today, the world is almost entirely dependent on China for its graphite supply – the nation mines 65% of the world’s graphite, processes 85 percent and is home to the world’s sixth largest anode material producers, according to the International Energy Agency (https://ibn.fm/58toQ). Mozambique is the world’s second largest producer of the mineral, set to account for nearly 14% of global supply by 2030 according to Benchmark Minerals; nevertheless, 96% of Mozambican graphite is mined from the country’s Cabo Delgado province, a geographical territory that has seen a huge rise in insurgent activity since 2017 (https://ibn.fm/5SBqe). With the natural graphite demand set to treble over the next four years as sales of electric vehicles soar, the constrained nature of the western supply chain of the essential mineral is becoming increasingly apparent.

The U.S. predominantly uses synthetic graphite, a material largely produced from the by-products of the fossil fuel industry within its domestic battery manufacturing industry. Paradoxical to its use in powering electric vehicles, aimed towards ultimately reducing greenhouse gas emissions, synthetic graphite is derived from a feedstock consisting of petroleum coke or pitch coke – the latter, a by- product resulting from coal tar with a carbon footprint nearly four times higher than that generated by mining natural graphite.

The U.S. has sought to tackle the growing conundrum posed by the geographical concentration of natural graphite mining through the passing of the recent Inflation Reduction Act (“IRA”). The legislation states that EVs entering the market after 2024 will not be eligible for tax credits – which can go up to $7,500 – if any of the critical minerals are extracted, processed or recycled by a “foreign entity of concern”, which includes China. However, and as a result, graphite prices have soared by nearly 60% since the start of 2022 with the World Bank Group now predicting that a rise in anode demand will likely fuel a material shortage of 8 million tonnes by 2040.

Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF), a British Columbia-based strategic minerals company focused on locating and developing economic properties within the advanced materials space, has centred its corporate mission around catering to the burgeoning need for natural graphite supply through its flagship asset the Ruby Graphite Project. One of a handful of companies comprising the western natural graphite supply chain, Reflex Advanced Material’s flagship project is a past producing graphite mine in southwest Montana which produced upwards of 2,400 tons of graphite between 1902 and 1948, as well as the Ontario-based Zig Zag Lithium Property, encompassing eight mining claims across 2,710 hectares.

As a result, and in a sector characterized by opaque pricing and long-term bilateral off-take agreements between producers and consumers, Reflex Advanced Materials recently revealed that it has begun the qualification process with prospective North American customers, putting the company years ahead of their peers within the lengthy graphite sales cycle. With an upcoming drill program scheduled to kick-off in the summer of 2023 at its Ruby Graphite project in Montana, alongside two product development and material research partnerships currently underway in an effort to help the company diversify its risk profile and improve margins, Reflex Advanced Materials are aiming to emerge as one of the biggest beneficiaries of the global push towards an electric vehicle-powered future.

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

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

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to `

QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.comw
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Electronic Servitor Publication Network Inc. (XESP) Uses Smart Technology to Drive Unprecedented Growth for B2B Companies

 

• XESP’s managed service offering drives growth through its proprietary smart technology stack, the Digital Engagement Engine(TM)
• This technology allows complete control of content while optimizing reach and lift
• XESP’s ‘Growth as a Service’ allows clients to focus on their brands, core product offerings, and content creation

B2B businesses have seen an increased demand for digital assistance, especially for customer-driven marketing and associated communications. Electronic Servitor Publication Network (OTCQB: XESP), a digital engagement and activation company, offers a managed service that provides digital engagement and activation solutions for companies seeking to enhance their growth. The company is changing the landscape of digital marketing for its clients with its proprietary technology, the Digital Engagement Engine(TM).

XESP’s managed service is powered by a proven and proprietary technology, utilizing a combination of automation, unique data management, and a modern workflow built on a microservices architecture. It provides intelligent interaction management, dynamic content provisioning, and a logic-driven workflow, combining digital experiences that accelerate an audience from awareness to action. The result is greater reach and lift for client content.

XESP’s ‘Growth as a Service’ offering is designed to allow clients to focus on their brands, core product offerings, and content creation, while XESP manages the technology and outcome. The Digital Engagement Engine(TM) is not just another marketing or technology tool but a way to develop real connections with target markets.

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

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

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to `

QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.comw
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) K5 ‘Patrol Bot’ to Boost Security Operations at Traverse Point

 Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, announced that Traverse Point Condominiums in Henderson, Nevada, signed a contract for its K5 Autonomous Security Robot (“ASR”) subscription service.

The announcement reads, “Traverse Point is a gated community offering easy access to the finest shopping centers, dining and recreational activities… Just minutes from the strip, the Traverse Point lifestyle combines exceptional elegant living with the excitement and attractions that the world’s entertainment capital has to offer.

“This community will soon benefit from Knightscope’s high-tech robot patrol along with Knightscope+ remote monitoring, adding to its lengthy list of amenities to further ensure the safety of its resident families. The community has affectionately named their K5 ‘Patrol Bot’ to help security operations and public engagement at this property similar to those achieved by another Las Vegas ASR resident.”

To view the full press release, visit https://ibn.fm/8kB1d

About Knightscope, Inc.

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. For more information, visit the company’s website at www.knightscope.com.

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Electronic Servitor Publication Network Inc. (XESP) Expands Channel Partner Program to Add IBN

 Electronic Servitor Publication Network (OTCQB: XESP), a technology innovator driving growth for companies by maximizing digital interactions, today announced a new channel partner with the addition of IBN (Investor Brand Network), a multifaceted financial news and publishing company for private and public entities. According to the update, the arrangement expands the XESP Channel Partner Program (announced in April 2023), allowing digital and traditional agencies focused on providing market-specific content and digital strategies to offer XESP’s “powered by the Digital Engagement Engine(TM)” as a co-branded service to their customers. “We are excited to partner with an experienced industry leader that has built trust and deep relationships over the last 17 years with both public companies and those looking to go public,” stated Peter Hager, CEO of Electronic Servitor Publication Network. “Michael McCarthy, IBN’s pioneering CEO, delivers unparalleled value for their clients through continuous innovation and world-class execution in helping companies build their audiences and reach throughout the world!”

To view the press release, visit https://ibn.fm/MRnIm

About Electronic Servitor Publication Network Inc.

Electronic Servitor Publication Network is a digital engagement company providing growth for B2B companies through its digital activation and engagement solutions. XESP’s Managed Service is powered by a sophisticated tech stack — the Digital Engagement Engine(TM). XESP’s technology provides intelligent interaction management, dynamic content provisioning, and a logic-driven workflow that creates relevant digital experiences that accelerate an audience from awareness to activation—driving growth. For more information, visit the company’s website at https://xespn.com.

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

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php