Category: Business

QTREX Quantum Ltd. (NASDAQ: QTEX) has been awarded an approximately $1 million grant from the Israel Innovation Authority (IIA) to support the development of advanced materials designed for next-generation superconducting quantum computing systems. The company announced Tuesday that the funding will be used to develop a specialized dielectric material engineered to improve radio-frequency (RF) and…

Duke Robotics Corp. (NASDAQ: DUKR) announced Tuesday that it has begun integration work on a larger commercial-grade aerial platform for its Insulator Cleaning Drone (IC Drone), a move aimed at expanding the system’s capabilities for servicing large-scale electricity transmission networks. The robotics and drone technology company said the upgraded platform is being developed as part…

Syntec Optics (NASDAQ: OPTX) has received a new $4.6 million purchase order for the continued production of advanced laser-based blood testing cartridges and optical reader subsystems used in medical diagnostic equipment deployed across hospitals and clinics worldwide. The company announced Tuesday that the order supports the manufacturing of precision-engineered components used in point-of-care diagnostic systems…

Credit Acceptance Corporation (NASDAQ: CACC) announced Tuesday that it has extended the maturity of its revolving secured line of credit facility while also reducing the interest rate on future borrowings, a move that could provide the auto finance company with greater financial flexibility and lower funding costs. Under the amended agreement, the maturity date of…

Hubbell Incorporated (NYSE: HUBB) has completed its acquisition of NSI Industries, expanding its portfolio of electrical products and strengthening its position in the North American electrical infrastructure market. The company announced Tuesday that the transaction has officially closed, bringing NSI Industries and its portfolio of more than 15,000 electrical products under Hubbell’s ownership. NSI Industries…