SMFL - Notable Newsmakers

2024-04-08 13:31:55 ET

DENVER, Colo., Apr 08, 2024 ( 247marketnews.com )- Auddia Inc. (NASDAQ: AUUD ), Kraig Biocraft Laboratories (OTCQB: KBLB ), Longeveron Inc. (NASDAQ: LGVN ), Smart for Life, Inc. (NASDAQ: SMFL ), KULR Technology Group, Inc. (NYSE: KULR )

Auddia Inc. (NASDAQ: AUUD ) reported that it was awarded U.S. Patent 11,935,520, from the U.S. Patent and Trademark Office (USPTO), for the core AI technology Auddia uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.

“Although we have believed we were leading the AI space with important and patentable technology when we began the process of training our algorithm to deliver a premium ad-free AM/FM listening experience, there is a big difference between filing a patent application and having the application approved,” said Jeff Thramann, Executive Chairman of Auddia. “Issuance of this patent validates our innovation and secures our AI for Audio technology as a proprietary platform we look forward to building upon to drive new innovations in support of additional industry first premium audio listening experiences.”

Kraig Biocraft Laboratories (OTCQB: KBLB ) signed an agreement with the Vietnam Sericulture Association (“VSA”) and disclosed its production plans and schedule for the next twenty-four months to the VSA to obtain cooperation in reaching its production targets, establishing a collaborative working effort between the Company and the VSA, something the Company has been actively working towards for some time.

Under the terms of the agreement, in addition to support and advice on production logistics, the VSA has agreed to assist the Company in obtaining formal intellectual property registration of its BAM-1 hybrid silkworm strain in Vietnam.

“This agreement is the culmination of many years of work with various governmental and non-governmental agencies to demonstrate our technology and its potential,” said Company founder and CEO, Kim K. Thompson. “This new relationship with the VSA underlines our commitment to South East Asia and, we believe, significantly strengthens our position as we scale up production. With this agreement finalized, we are now working jointly with a capable partner to see that vision fulfilled.”

“We have been following developments at Kraig Labs for many years and are very happy now to be working directly with them,” said Dr. Le Quang Tu, President of the Vietnamese Sericulture Association. “We believe that Kraig’s technology will have a significant positive impact on our industry. They have applied a thoughtful, step-by-step approach. Now, we will take a step together.”

The Company’s CEO remains in Vietnam, overseeing operations directly. Kraig Labs anticipates that Thompson will provide additional announcements and updates regarding the Company’s accelerating progress over the coming weeks.

Longeveron Inc. (NASDAQ: LGVN ) published a letter from the Company’s CEO, Wa’el Hashad, to Longeveron shareholders, which stated that Longeveron is positioning us to address numerous unmet medical needs with U.S. market potential opportunities of up to approximately $10-$18 billion.

Smart for Life, Inc. (NASDAQ: SMFL ) stated that it’s acquire Purely Optimal Nutrition, a premier eCommerce nutraceuticals company with operations in North America.

A.J. Cervantes, Jr., Smart for Life’s founder and Chairman, stated, “We are very excited to have Purely Optimal join forces under the Smart for Life umbrella. Purely Optimal’s product line is designed to yield optimal results with carefully sourced and nourishing ingredients from all around the world. We believe these formulations are validated and targeted to enhance specific health and wellness needs. As part of our synergistic M&A approach, the resources provided by Smart for Life will enable Purely Optimal to accelerate revenue growth and meaningfully expand margins even further.”

KULR Technology Group, Inc. (NYSE: KULR ) received an initial award to supply SafeCASES to an electric vertical take-off and landing company, which KULR believes underscores the versatility and efficacy of SafeCASE in ensuring the safe handling and transport of batteries across sophisticated production facilities.

“This partnership represents a milestone for KULR as it showcases our ability to adapt and expand our technology solutions to meet the evolving needs of high-tech industries. By integrating SafeCASE into the eVTOL production process, we are setting a new standard for battery safety and efficiency in one of the most dynamic sectors of the green economy,” said Michael Mo, CEO of KULR Technology Group.

For further info, including Kraig Labs disclosure, click here .

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