Earlyworks Stock Price, News & Analysis

Electreon (TASE: ELWS), a wireless EV charging leader, announced a second project agreement with Electra Afikim for the Ovnat terminal in Petah Tikva. This follows 1.5 years of successful operations at Rosh HaAyin depot, where 23 wireless-enabled buses are charged daily.

The new project, pending budgetary approval, will implement underground wireless charging beneath passenger bays, enabling automatic charging during passenger boarding and drop-offs. The system will initially support the existing 23 electric buses and accommodate fleet expansion plans.

Located near Tel Aviv's Grand Mall and light rail station, the Ovnat terminal project includes design works, approvals for terminal electrification, and future construction of the local power grid. Electreon will provide end-to-end services, including system installation, maintenance, and access to their fleet management software platform.

Earlyworks (NASDAQ: ELWS), a Japanese blockchain technology solutions provider, reported its financial results for the six months ended October 31, 2024. The company saw revenue increase by JPY 170,039 thousand, with gross profit up by JPY 81,193 thousand and reduced net losses by JPY 74,789 thousand compared to 2023.

Key developments include the completion of their proprietary Grid Ledger System (GLS) in December 2023, which has gained recognition for its high processing speed. The company expanded services across multiple industries including telecommunications, transportation, and IT services.

Financial highlights:

• Total revenue reached JPY 224,984 thousand
• Software development revenue increased by JPY 212,888 thousand
• NFT sales decreased by JPY 48,865 thousand
• Cash position stands at JPY 243,979 thousand
• Total shareholder's equity decreased to JPY 220,559 thousand

Electreon (ELWS), a wireless electric vehicle charging leader, has achieved the ISO/SAE 21434 certification for automotive cybersecurity engineering. This certification, essential for automakers integrating new technologies, validates the cybersecurity measures in Electreon's charging infrastructure that enables EVs to charge wirelessly while in motion, stopped, or in traffic.

The certification process took over a year and places Electreon among an elite group of companies meeting these stringent requirements. The standard is particularly significant as it aligns with the United Nations' UNECE R155 regulation, which mandates cybersecurity for vehicles and requires automakers to implement Cybersecurity Management Systems (CSMS).

This achievement is expected to drive greater demand for Electreon's solutions in large-scale transportation projects and strengthen partnerships with OEMs, while ensuring secure communication between vehicles, charging systems, roads, and power grids.

Earlyworks (NASDAQ: ELWS) has formed a business alliance with Service Innovation to integrate blockchain technology into the gourmet website 'Yummeet!' The partnership aims to address the challenges of review manipulation in existing gourmet platforms by implementing Earlyworks' proprietary Grid Ledger System (GLS) blockchain technology.

The collaboration focuses on creating an immutable record of restaurant reviews and ratings, ensuring transparency and trust. The initiative includes developing a user-reward system using NFTs and implementing DAO mechanisms for community-driven platform governance. The partnership leverages the growing global blockchain market, projected to reach $404.1 billion by 2030 from $10.6 billion in 2023.

Earlyworks announces strategic organizational changes and market positioning in response to significant blockchain industry developments. The company has appointed a new Chief Operating Officer (COO) and Chief Development Officer (CDO) to strengthen its management framework. The company highlights three major market developments: President-elect Trump's pro-cryptocurrency stance, the upcoming Bitcoin halving event, and the approval of Bitcoin and Ethereum ETFs. Grid Ledger System (GLS), Earlyworks' proprietary blockchain technology, offers ultra-fast processing speeds of 0.2 seconds per transaction and eliminates cryptocurrency dependency for enterprise solutions.

Earlyworks (Nasdaq: ELWS) received a notification from NASDAQ on October 29, 2024, indicating non-compliance with the minimum Market Value of Listed Securities (MVLS) requirement. The company failed to maintain the required US$35 million MVLS threshold for 30 consecutive business days from September 17 to October 28, 2024. Earlyworks has been granted a 180-day compliance period until April 28, 2025, during which it must either achieve an MVLS of US$35 million for 10 consecutive business days or maintain shareholders' equity of at least US$2.5 million to avoid potential delisting.

Earlyworks Co., (NASDAQ: ELWS) has signed a business alliance agreement with CAICA DIGITAL Inc. to provide comprehensive support for Web3 projects. This partnership aims to capitalize on the growing global blockchain market, expected to reach $404.1 billion by 2030. The alliance will focus on enhancing Earlyworks' Grid Ledger System (GLS) and supporting the development of new businesses adopting CAICA's Web3 solutions.

The collaboration comes as Japan's blockchain market share, estimated at 10% of the global market in 2023, seeks to expand. Despite government initiatives like the "Web 3.0 Study Group," business adoption of blockchain in Japan remains This alliance aims to address this gap and promote Web3 ventures in the country.

Earlyworks Co. (NASDAQ: ELWS), a Japanese blockchain technology company, announced that it has regained compliance with Nasdaq's minimum bid price requirement.

The company received a notification from Nasdaq confirming that its ADSs traded above $1.00 per ADS for 20 consecutive business days from May 16, 2024, to June 14, 2024.

Previously, Nasdaq had determined on May 1, 2024, that Earlyworks had failed to meet the requirement, scheduling its securities for delisting unless an appeal was made. Earlyworks appealed on May 7, 2024, and was granted an exception until May 31, 2024. After demonstrating compliance, Nasdaq decided to continue listing Earlyworks' ADSs.

Earlyworks (Nasdaq: ELWS) and ZenmuTech have announced a collaboration to enhance digital security using secret splitting and blockchain technology. Earlyworks' GLS technology offers high-speed, tamper-resistant blockchain solutions, while ZenmuTech's secret splitting technology provides advanced data protection. This partnership aims to create a secure digital environment by combining these technologies, ensuring faster processing speeds and robust data security. The collaboration seeks to support the growing market for blockchain technology, which is projected to reach $404.1 billion globally by 2030.