CORAL GABLES, FL / ACCESSWIRE / March 13, 2019 / The future of the tech stock market directly related to the ability of companies in the tech industry to combat the growing obstacles facing humanity. In the first few months of 2019, we've seen tech companies share their progress on technological advancements relating to the field of medicine, artificial intelligence, augmented reality, and automation, all of which are being developed for the purpose of furthering human life as we know it. If companies in the tech sector continue to innovate and create technologies meant to alleviate the oncoming stressors of life, this may attract investors to the space.ParcelPal Technology Inc (PTNYF) (PKG), Ideanomics Inc (IDEX), Akari Therapeutics, Plc (AKTX), and MYnd Analytics Inc (MYND) represent 4 tech stocks on the rise on Wednesday.
ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company purposed with connecting consumers to the goods they love. The Company recognized a very real issue facing society; ease of access to quality products without the need of traveling to stores for purchases. People are busy with work, families, and other aspects of life and they simply do not have time to drive to the store to buy groceries. In recognition of this, ParcelPal created an on-demand marketplace where customers can purchase what they need from the Company's smartphone app, and have their orders delivered by a ParcelPal courier within the hour.
In an effort to maintain a well-functioning leadership team, ParcelPal Technology Inc (PTNYF) (PKG) announced, towards the tail-end of last month, that Brian Storseth had joined the Company as Chairman of the Board of Directors. Prior to joining the ParcelPal team, Mr. Storseth was a Member of Parliament for the electoral district of Westlock-St Paul for the Conservative Party of Canada for 9 years from 2006-2015. During his tenure as an MP, he served on committees for Aboriginal Affairs, Agriculture and Agri-food Canada.
Following the announcement, Kelly Abbot, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG), said, "Brian is an incredibly accomplished business leader and policy expert, having spent 9 years in Ottawa in the House of Commons. He is intimately familiar with ParcelPal's business, our plans for future expansion and will be an invaluable asset moving forward as we navigate multiple opportunities across various Government entities, namely within the Ontario market. We are excited to leverage his network, experience, and leadership to assist with our national expansion plans."
Ideanomics Inc (IDEX) had several members of its executive leadership team in attendance during today's memorandum of understanding signing ceremony between Tree Manufacturing Sdn. Bhd. and Hyundai KEFICO who will be a supplier of components for Treeletrik, a brand by Tree Manufacturing. Hyundai KEFICO will be supplying components related to the motor, cooling and battery management systems.
Following the announcement of their visit, Alf Poor, Chief Executive Officer of Ideanomics, said, "during the visit, Dr. Wu and I met with various government officials and business leaders to further discussions on EV adoption in Malaysia and the ASEAN region. In addition to mopeds, bikes, buses, and delivery vehicles, ASEAN countries have additional unique vehicle requirements, including those for the country's expansive number of food trucks, which can benefit from EV technologies."
Akari Therapeutics, Plc (AKTX) saw its shares enjoy an impressive 194.51% boost in Wednesday's trading, with shares trading at $5.28 per share in the early afternoon. The biopharmaceutical company today announced that it had a successful Type B, pre-IND meeting with the Food and Drug Administration regarding Akari's proposed pivotal clinical trial program for pediatric hematopoietic stem cell transplant-related thrombotic microangiopathy (HSCT-TMA).
Clive Richardson, interim Chief Executive Officer of Akari, commented, "Akari plans to commence a trial in European and U.S. pediatric HSCT-TMA patients in the fourth quarter of 2019. We see HSCT-TMA as a gateway indication into a range of other poorly treated orphans TMAs, and are enthusiastic about the potential of Coversin to offer an improved standard of care for patients with these rare and usually fatal conditions."
MYnd Analytics Inc (MYND), a predictive analytics company aimed at improving the delivery of mental health through the combination of telemedicine and data analytics, made headlines today when the Company announced that its wholly-owned subsidiary, Arcadian Telepsychiatry Services LLC, has joined the Magellan Healthcare behavioral health provider network to offer telepsychiatry, teletherapy, and teleEAP services to its members through Arcadian's provider network.
In response to the announcement, Patrick Herguth, Chief Executive Officer of MYnd, said, "we are honored to collaborate with Magellan to offer our telepsychiatry, teletherapy and teleEAP services to their members. Magellan's members now have access to telebehavioral health services from the comfort and convenience of their home using web-enabled video conferencing."
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