CORAL GABLES, FL / ACCESSWIRE / February 22, 2019 / The tech stock market has flourished in the first couple of months of 2019, namely because of the excitement surrounding companies developing innovative technologies designed to benefit consumers in a multitude of ways. To put it simply, the basic paradigm of what defines our quality of life is consistently redefined every time a company releases a product that alters how we previously lived day to today. With the advent of new approaches to technology, new surrounding companies in the tech sector has worked to attract investors looking for potential opportunities. ParcelPal Technology Inc (PTNYF) (PKG), Riot Blockchain Inc (NASDAQ: RIOT), Ideanomics Inc (NASDAQ: IDEX), and Kopin Corporation (NASDAQ: KOPN) represent 4 tech stocks gaining tread on Friday.
ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company purposed with connecting consumers to the goods they love. In an industry with companies that typically end up in the weeds trying to generate revenue through conventional means, ParcelPal has taken the innovative approach of focusing on the consumer and this has worked largely in their favor.
The Company has built an on-demand marketplace where consumers can search for, and purchase, a variety of products ranging from foodstuffs to cannabis. Rather than spend precious time traveling to multiple stores to find these products,
ParcelPal Technology Inc (PTNYF) (PKG) announced towards the end of last month that the Company had formed a partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. According to the announcement, MADD Canada has endorsed
In a press release regarding the announcement, Kelly Abbott, President, and CEO of ParcelPal Technology Inc (PTNYF) (PKG
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Riot Blockchain Inc (RIOT) announced earlier this month that its Board of Directors had implemented leadership and governance structure changes. Jeff McGonigal was named Chief Executive Officer, replacing departing Chris Ensey, who had joined the Company in January 2018 as its Chief Operating Officer and had been appointed interim Chief Executive Officer, in September 2018. In addition to this, it was announced that Jeffrey Vormittag, Chief Operating Officer of the Company's wholly-owned subsidiary, Riot Blockchain Canada Inc. would also be leaving the company.
The Company also announced changes to its Board Committee structure with the Nominating Committee and the Governance Committee being re-combined into one Committee. The Investment and Strategy Committee formed in September 2018 has been disbanded with the objectives of this Committee now being undertaken by the full Board of Directors.
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Ideanomics Inc (IDEX), a global financial technology advisory and platform-as-a-service company, yesterday announced several strategic management changes, including the return of Dr. Bruno Wu, as Chairman, after a period of serving as Vice Chairman and Secretary General of the National Committee for China U.S. relations. Alfred Poor, currently Chief Operating Officer, will become the company's, Chief Executive Officer. Brett McGonegal, Evan Kalimtgis, and Uwe von Parpart will be leaving the company to pursue other interests.
Following the announcement, Alf Poor, CEO of Ideanomics, commented, "we're delighted to welcome Bruno back. Having him with us full-time is a tremendous boost for the company as his tenacity, vision, and breadth of relationships worldwide are a key dynamic of the organization. We'd also like to say thank you to Brett, Evan, and Uwe as they move onto other opportunities."
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Kopin Corporation (KOPN) saw impressive gains in early afternoon trading on Friday with its shares up 13.79%, trading at $1.64 per share. The Company, which has been celebrated as a global pioneer in wearable AR and VR technologies for government, enterprise, professional sports, and consumer markets, today announced that its CEO, Dr. John Fan, will discuss how the convergence of physical and digital worlds will create "Super Humans via Engineering", at a talk at Harvard School of Engineering and Applied Science as a part of the Dean's Industry Lecture Series, on Monday, February 25th from 4:30 pm to 5:45 pm EST.
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