TECH BULLETIN

Tuesday, July 7, 2026

Tech Market Context: Macro Drivers

Key macro instruments that drive tech market movements: yields, dollar, risk appetite

Market Commentary

Today's Interesting Company News

Algorhythm Holdings Provides Mid-Year Business Recap and Goals for Remainder of Year

(NASDAQ: RIME) Algorhythm Holdings, Inc. completed a $9.5 million capital infusion in February 2026. The company achieved a $12 million annualized revenue run rate (ARR) during March 2026, which was more than a 20% increase over the $10 million ARR attained during December 2025. Algorhythm generated first quarter revenue growth of more than 71% sequentially and more than 1,800% year-over-year. The company expanded contracts with existing customers including Apollo Tyres, Unilever India, and Proctor & Gamble India, and gained new brands such as Coca Cola India and Onida Electronics for its SemiCab platform. In March, Algorhythm hired Jonthan Miller as VP of Sales to lead business development efforts in the USA. SemiCab launched the Freight Network Forum and attended Reuters Events: Supply Chain USA 2026 in Chicago as a Gold Sponsor. The company projects continued growth and is evaluating opportunities that could enhance long-term shareholder value.

Envirotech Vehicles (NASDAQ: EVTV) Closes Merger With Azio AI Ahead of Schedule, Positioning Combined Company to Capture $487 Billion 2026 AI Infrastructure Opportunity

(NASDAQ: EVTV) Envirotech Vehicles, Inc. announced the successful completion of its merger with Azio AI Corporation on July 2, 2026. The merger consideration consisted of 2,655,157 shares of common stock and 973,450 shares of non-voting convertible preferred stock in exchange for 100% of outstanding capital stock of Azio AI, with 194,807 shares of common stock reserved for convertible notes of Azio AI assumed by the Company upon closing. The Company has deployed approximately six megawatts of off-grid digital infrastructure at its South Texas development site and secured rights to a 548-acre site with the capacity to scale up to 500 MW of AI infrastructure. Chris Young was appointed Chief Executive Officer and Chairman of the Board, Simon Yu as President, and Jason Maddox as Chief Financial Officer, while Phillip Oldridge stepped down as Chief Executive Officer. The International Data Corporation (IDC) projects the AI infrastructure market will reach $487 billion in global spending in 2026 and exceed $1 trillion by 2029. The company projects continued expansion of its AI Infrastructure strategy through AI data center development, enterprise GPU compute solutions, power hosting services, digital asset mining operations, strategic infrastructure investments, and additional commercial partnerships.

Analog Devices Completes Acquisition of Empower Semiconductor

(NASDAQ:ADI) Analog Devices, Inc. announced the completion of its acquisition of Empower Semiconductor. The company stated that this combination further strengthens ADI's position as a leading strategic, system-level grid-to-core power partner across the entire AI ecosystem. ADI reported revenue of more than $11 billion in FY25. Vincent Roche, CEO and Chair at ADI, commented on the milestone and the importance of solving power delivery challenges for the AI era. Empower's technology is described as unlocking new levels of efficiency and performance for AI processors. The company projects that the impact will extend well beyond AI data centers to any domain where energy constrains what is possible.

AITX Combines Autonomous Mobility With Agentic AI for Physical Security

(OTC:AITX) Artificial Intelligence Technology Solutions, Inc. announced the next phase of Physical AI Security, integrating autonomous mobility and agentic AI as a coordinated security operation. The company highlighted ROAMEO, its fully autonomous security patrol vehicle, designed to provide continuous outdoor patrols across large and complex environments, and SARA, its Speaking Autonomous Responsive Agent platform, which applies agentic AI to evaluate events and communicate with individuals on site. The company is ramping ROAMEO production and expanding sales and marketing initiatives to support growing commercial activity. AITX's solutions are deployed across a wide range of industries including enterprises, government, transportation, critical infrastructure, education, and healthcare. The company is redefining the nearly $50 billion (US) security and guarding services industry with its AI-driven Solutions-as-a-Service model. AITX maintains a robust sales pipeline that includes over 35 Fortune 500 companies. The company expects continued growth as these opportunities convert into deployed clients generating recurring revenue streams, with significant potential for expansion within each account.

Commvault Launches Minutes to Recovery™, a Hands-On Simulation for Frontier AI Driven Attacks, Defense and Recovery Readiness

(NASDAQ:CVLT) Commvault announced "Commvault Minutes to Recovery," a scenario-driven cyber resilience simulation that lets participants act as a hacker and run their own attacks using Frontier AI tools. The simulation allows security and IT teams to stress test their readiness for Frontier AI threats under real-world conditions. The window between vulnerability discovery and active exploitation has narrowed to 29 minutes in 2025, which is 65% faster than the year before. Minutes to Recovery is available globally as an onsite event, delivered in six languages, and completed in a single two-hour session. The resulting Mean Time to Clean Recovery (MTCR) benchmark provides a practical measure of recovery readiness based on performance under pressure. Minutes to Recovery will also be available through Commvault's global partner network, enabling partners to host and engage customers. Commvault is described as a leader in unified resilience at enterprise scale, unifying data security, identity resilience, and cyber recovery on one cloud-native, AI-enabled platform.

Hongli Group Inc. Provides Update on Proposed Strategic Collaboration With Sidus Energy Storage

(NASDAQ:HLP) Hongli Group Inc. announced a proposed non-binding collaboration with Sidus Energy Storage, Inc. to leverage Sidus's IBM-licensed battery technology targeting high-growth aerospace, robotics, and advanced electric vehicle markets. The company recently entered into a strategic non-binding Memorandum of Understanding ("MOU") with Sidus to explore a potential collaboration relating to battery manufacturing. Sidus's battery technology is licensed from IBM research and uses novel proprietary materials that eliminate the use of any heavy metals. Hongli Operating Group currently has 11 cold roll forming production lines and has developed customers in more than 30 major cities in China as well as a global network including South Korea, Japan, and U.S. The Hongli Operating Group has over 25 years of operating history and produces a variety of distinct profile products in a broad range of materials, sizes and shapes. Sidus is focused on the development of semi-solid-state and solid-state battery technologies designed to deliver high energy density, improved safety, and enhanced performance. The company projects that the proposed collaboration will help scale a safer, more powerful, and scalable battery solution for the global market and expects to unlock value for shareholders.

Syntec Optics (NASDAQ: OPTX) Secures 40% Increase in Orders for Missile Laser Guidance Product Line

(NASDAQ: OPTX) Syntec Optics Holdings, Inc. announced a 40% increase in orders for optical sub-systems powering advanced laser-guides for missiles, with total order value now surpassing $1.2 million. The company reported that this represents a 40% increase over the nearly $850,000 baseline reported and included in its Q1 defense platform announcement. Syntec Optics has already fulfilled about 23% of these current orders. The company employs nearly 180 employees and is headquartered in Rochester, N.Y. Syntec Optics is one of the nation’s largest custom manufacturers of high-precision optics and photonics, supporting missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. As of 2023, light-enabled technologies accounted for nearly $16 trillion of the $106 trillion in total worldwide production. The company projects continued growth as defense inventories are replenished globally.

GMG Reports Record Sales Orders for June 2026 of Over A$400k

(TSXV: GMG) (OTCQX: GMGMF) Graphene Manufacturing Group Ltd. announced that June 2026 represents a record month for sales orders received by the Company, with over A$400,000 in sales orders booked during the month. The orders reflect growing demand for the Company's THERMAL-XR® energy-saving coating across the HVAC-R distributor and project activity and data centre sectors. THERMAL-XR® ENHANCE is now patented for 20 years in Australia and is expected to be patented in other countries around the world. GMG uses its proprietary process to decompose natural gas (i.e., methane) into its natural elements - carbon (as graphene), hydrogen, and some residual hydrocarbon gases. In the energy storage segment, GMG and the University of Queensland are working collaboratively, with financial support from the Australian Government, to progress R&D and commercialisation of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry aimed at improving the performance of lithium-ion batteries. The company projects continued commercial momentum and intends to convert orders into revenue and long-term partnerships.

FendX Engages Technical Development and Design Expertise to Advance Its Surface Contamination Detection App Program

(CSE:FNDX, OTCQB:FDXTF) FendX Technologies Inc. announced that it has entered into two Statements of Work ("SOWs") dated July 6, 2026, to support the engineering and interface design of FendX's AI-driven surface contamination detection app using a smartphone. The company is leveraging specialized software engineering and UI/UX design expertise to ensure the application is technically robust and optimized for ease of use. FendX is developing data-processing analytics along with an intuitive interface to transform complex surface analysis into a simple, user-driven digital scan using a smartphone. Dr. Carolyn Myers, CEO of FendX, stated that signing these SOWs marks a major milestone in bringing the innovative surface contamination detection app to market later this year. FendX is advancing a portfolio of protective surface coatings, including a liquid-based nano-coating technology and a specialized Foley catheter coating. The company is focused on building a robust intellectual property portfolio in the surface protection space. FendX is committed to identifying and advancing new technologies and materials that enhance hygiene and safety across healthcare, consumer and commercial settings.

Nelnet Campus Commerce Announces Partnership With Atrium Campus to Expand the Connected Campus Experience

(NYSE: NNI) Nelnet Campus Commerce announced a strategic partnership with Atrium Campus, the premier provider of cloud-native campus card and mobile credential management solutions. Nelnet Campus Commerce serves more than 1,100 institutions nationwide with PCI Level 1-validated payment technology that integrates with every major ERP system. Atrium Campus serves institutions ranging from 300 to more than 150,000 users, providing a mobile-first, cloud-native, and agnostic platform. Atrium has built a highly connected campus ecosystem with more than 300 technology partners. The partnership is described as a meaningful expansion of the technology networks available through both platforms. Atrium's cloud-native architecture is designed to replace legacy proprietary campus card systems with flexible, lower-cost solutions. The companies plan to closely integrate their solutions in the coming months to create more options for Atrium clients.

IBM Launches Compact Z17 and LinuxONE Systems to Address Data Center Space and Cost Constraints

(NYSE:IBM) IBM today announces new IBM z17 and IBM LinuxONE 5 configurations, marking the first time IBM is offering rack mount alongside single frame systems across its full Z and LinuxONE portfolio. The new IBM z17 and IBM LinuxONE 5 configurations support up to 82 cores and 18 TB of memory across two processor drawers, representing about a 20% increase in core count and 12% increase in memory capacity. Single processor capacity of IBM z17 ME2 provides full speed IBM z/OS configurations including 10% greater throughput per core than IBM z16 A02 with some variation based on workload and configuration. IBM LinuxONE Rockhopper 5 rack mount and Express offerings deliver enterprise-grade Linux, confidential computing, and on-chip AI acceleration in a compact 18U configuration. IBM COBOL Elevate for z/OS will be generally available September 18, 2026. The new z17 single frame and rack mount configurations, IBM LinuxONE Rockhopper 5, and IBM LinuxONE 5 Express will all be generally available August 12, 2026. IBM Infrastructure Management for IBM Z and IBM LinuxONE will be generally available August 14, 2026.

Hyper Bit Technologies Announces Private Placement

(CSE: HYPE) Hyper Bit Technologies Ltd. announced it is conducting a non-brokered private placement of up to 15,000,000 units at a price of $0.10 per Unit, for gross proceeds of up to $1,500,000. Each Unit will consist of one common share and one Share purchase warrant, with each Warrant exercisable at $0.15 per Warrant Share for a period of 36 months after issuance. The Company intends to use the net proceeds from the Offering to purchase crypto mining rigs, pay outstanding debts, marketing, and for general working capital purposes. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance. The Company may pay finder's fees on the Offering within the amount permitted under the policies of the Canadian Securities Exchange and applicable securities laws. Hyper Bit Technologies Ltd. has completed the acquisition of Dogecoin Mining Technologies Ltd. The company projects the anticipated completion of the Offering and the anticipated use of proceeds therefrom.

Lowey Dannenberg, P.C. is Investigating York Space Systems, Inc. (NYSE: YSS) for Potential Violations of the Federal Securities Laws

(NYSE: YSS) York Space Systems, Inc. is under investigation by Lowey Dannenberg P.C. for potential violations of the federal securities laws. On May 12, 2026, Wolfpack Research published a short report titled “YSS: Lost In Space – The Pentagon Just Killed 96% of York’s Revenue”. The Wolfpack report alleges that the Pentagon’s decision to eliminate its Space Development Agency (“SDA”) Tranche 3 Transport Layer program was responsible for the majority of York’s annual revenue. Wolfpack claims to have heard from “multiple former employees who were highly critical of York” and alleges that York deceived the SDA with false advertising, cut corners, and delivered satellites with incomplete mission-critical software. The investigation by Lowey Dannenberg concerns whether the company and its executives provided investors with accurate and complete information about the company. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

You are receiving this email because you subscribed to Tech Bulletin. • techbulletin.io • Unsubscribe

© 2026 Tech Bulletin