Net Element Inc. NETE Archives - Page 8 of 20

MondayAug 03, 2020 12:39 pm

Net Element (NASDAQ: NETE), Mullen Tech Moving Forward on EV Manufacturing Facility Project

Mullen extends LOI with S3R3 Solutions to assemble electric vehicles, manufacture electric vehicle batteries in Washington Plan calls for 1.3 million square feet of assembly, manufacturing, R&D facilities NETE, Mullen merger will make Mullen a publicly traded company, provide access to capital Mullen Technologies recently announced that it has extended its letter of intent for the acquisition of a 1.3-million-square-foot electric vehicle manufacturing facility. The progression of this acquisition bodes well for Net Element (NASDAQ: NETE), a company which operates a payments-as-a-service transactional and value-added services platform. NETE recently entered an agreement (subject to definitive agreement, fairness opinion, shareholder and…

ThursdayJul 30, 2020 11:26 am

Net Element Inc. (NASDAQ: NETE) Proposed Merger with Mullen Technologies Expected to Accelerate Development of Electric Vehicle Manufacturing Facility

Electric vehicles expected to account for over half of global passenger car sales by 2040 Growth in electric vehicles expected to drive oil demand down by 13.7 million barrels per day Proposed manufacturing facility comprises 1.3 million square feet, creation of 55 jobs at startup with up to 863 jobs created by 2026 Net Element (NASDAQ: NETE), a global technology group that operates electronic payment services, is currently in the planning stages to open a new electric vehicle (“EV”) manufacturing facility in conjunction with privately-owned Mullen Technologies (“Mullen”) via a proposed merger. With demand for electric vehicles growing globally, oil…

FridayJul 17, 2020 11:30 am

QualityStocksNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner Enters LOI for EV Assembly, EV Battery Production Facility in Spokane

Mullen Technologies, Inc., a Southern California-based electric vehicle (“EV”) company that recently entered an agreement to merge with global technology and value-added solutions group Net Element (NASDAQ: NETE), today announced the extension of its letter of intent (“LOI”) with S3R3 Solutions to assemble EVs and manufacture EV batteries in Spokane, Washington. Mullen's plan to use the 1.3 million square feet of assembly, manufacturing and research and development facilities in the West Plains is comprised of two phases. First, Mullen’s plans to use an initial facility of 500,000 square feet to start the assembly of electric vehicles and development of its…

MondayJul 13, 2020 10:30 am

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Provides Update on Pending Mullen Technologies Merger; Mullen Enters LOI to Acquire EV Manufacturing Plant

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale ("POS"), e-commerce and mobile devices, today provided an update on the pending merger with Mullen Technologies, Inc., a Southern California-based electric vehicle (“EV”) company. "We are working earnestly on due diligence and other matters in the hope of bringing this merger to fruition for the benefit of our shareholders,” Oleg Firer, executive chairman and CEO of Net Element, said in the news release. “The EV industry continues showing robust growth and if consummated, we believe the merger can…

MondayJul 01, 2019 2:27 pm

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Adds Proprietary, AI-Powered Underwriting Solution to Suite of Offerings

Net Element (NASDAQ: NETE), a worldwide technology and value-added solutions group, recently launched Blade, its proprietary, fully automated underwriting solution with predictive scoring powered by artificial intelligence (“AI”) (http://ibn.fm/rT3r4). An article discussing the company reads, “Blade is developed for underwriting and onboarding new merchants. The use of such an AI-powered solution brings down potential risks and decision-making time while also enhancing customer experience. The system compiles and analyzes data gathered and assessed based on preset parameters using proprietary algorithms. Additionally, Blade is a smart system that constantly adapts, improving the artificial intelligence mechanism that powers the solution. . . .…

FridayJun 21, 2019 9:12 am

QualityStocksNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Aptito to Begin Accepting Cryptocurrency Payments in July

Net Element (NASDAQ: NETE), a worldwide technology and value-added solutions group, on Thursday announced that Aptito, the company’s cloud-based, restaurant and retail point-of-sale solution, will capitalize on the growing trend of cryptocurrency by processing cryptocurrency payments. Beginning July 1, 2019, Aptito merchants will be able to accept all major cryptocurrencies through the Netevia Gateway. “We are excited to launch cryptocurrency payment acceptance for Aptito’s clients through our proprietary Netevia Gateway,” Net Element chief technology officer Andrey Krotov stated in the news release. “Our scalable and future-ready platforms are on the-cutting-edge of global alternative payment trends.” To view the full press…

ThursdayJun 13, 2019 10:56 am

Net Element Inc. (NASDAQ: NETE) Launches Artificial Intelligence-Based Underwriting Solution

Blade is a brand new, artificial intelligence-powered underwriting and merchant onboarding solution Due to the learning capabilities of AI software, the new solution will gradually become more effective, reducing decision-making time and bringing down the risk of errors Demand for artificial intelligence products for use in corporate environments is anticipated to grow rapidly, with financial service companies expected to spend over $11 billion on such products in 2020 Global technology and value-added solutions group Net Element Inc. (NASDAQ: NETE) is launching Blade – an artificial intelligence-based, fully-automated underwriting solution with predictive scoring, a company announcement noted (http://ibn.fm/rT3r4). Blade is developed for…

MondayJun 03, 2019 2:01 pm

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Launches Proprietary, AI-Powered Underwriting Solution with Predictive Scoring

Global technology and value-added solutions group Net Element (NASDAQ: NETE) today announced that it has launched Blade, its proprietary, fully-automated underwriting solution with predictive scoring powered by artificial intelligence (“AI”). Per the update, Blade is a software designed to reduce potential risks and decision-making time for the underwriting and on-boarding of new merchants while improving the customer experience. The system works by using proprietary algorithms to compile and analyze data points that are automatically evaluated in accordance with pre-set and dynamic parameters. “AI and machine learning are quickly becoming valuable tools for decision making in the payments ecosystem, particularly in…

ThursdayMay 16, 2019 10:27 am

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Reports Q1 2019 Financial Results, Provides Business Update

Global technology and value-added solutions group Net Element (NASDAQ: NETE) on Wednesday released its financial results for the first quarter ended March 31, 2019 and provided a business update. Net Element also hosted a conference call and webcast on May 16, 2019 to discuss first quarter 2019 financial results and business highlights, and a recorded replay of the webcast is available on the company’s website. “We are pleased with our first quarter results and ongoing progress our team has made to improve gross margins through use of scalable infrastructure and penetration of value-added technologies,” Net Element CEO Oleg Firer said…

FridayMay 10, 2019 3:28 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Subsidiary Enters Partnership with HP Inc. (NYSE: HPQ)

Net Element (NASDAQ: NETE), a global technology and value-added solutions group, recently announced that its Aptito subsidiary has entered into a strategic partnership with HP Inc. (NYSE: HPQ) for sales and support of its line of Android-based point-of-sale (“POS”) devices. (http://ibn.fm/EEZle). An article discussing the company reads, “Under the terms of the agreement, Aptito will provide its restaurant management SaaS alongside the HP point-of-sale solutions. The collaboration primarily addresses the needs of small- and medium-sized businesses (“SMBs”) that are looking for competitively priced, cutting-edge technologies. . . . Aptito’s technology, backed by the HP global sales, will aim to deliver a…

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