TECH BULLETIN

Monday, June 15, 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

Los Angeles to Contract With Verra Mobility Launching the Largest Speed Safety Program in California

(NASDAQ: VRRM) Verra Mobility Corporation announced that the Los Angeles City Council formally awarded the company to design, build, operate, and maintain a speed safety program across the city and county of Los Angeles at 125 speed camera locations. The program is expected to have 125 speed camera locations operational by the end of 2026. Verra Mobility and the Los Angeles Department of Transportation (LADOT) will commence implementation of speed safety systems at 125 sites along high-injury and crash corridors across the city. Cities across the country have seen speeding drop by as much as 94% where this technology is deployed, and San Francisco's program was credited with a 50% decline in traffic fatalities and an 80% decline in speeding after one year. In Los Angeles, speeding was a factor in 16% of all fatal and severe crashes between 2017 and 2021, and in 2024 alone, over 300 Angelenos were killed in traffic collisions, with one in five of those deaths attributed to speeding. Morgner Construction Management, a Los Angeles minority business enterprise (MBE), is expected to be contracted to perform on-the-ground construction and installation of the cameras. The company projects that the program will begin immediately and will provide solutions aligned with AB 645 legislation to help ensure vigorous data and privacy protections, equitable fines, thoughtful education, and a balanced community approach.

CorTrust Bank Selects Jack Henry to Provide for Local Communities With Competitive, Flexible Offerings

(NASDAQ:JKHY) Jack Henry announced that CorTrust Bank has selected Jack Henry to implement a flexible, open platform to drive operational efficiency and support long-term growth. CorTrust Bank has $1.5 billion in assets, 37 locations, and over 250 employees across South Dakota and Minnesota. The bank was founded in 1930 in Mitchell, South Dakota. Jack Henry's open ecosystem offers integrations with more than 1,000 third-party fintechs. Jack Henry empowers approximately 7,400 clients with its technology solutions. The Banno Digital Platform™ and JHA Card Processing Solutions™ (CPS) will deliver a modern and customizable digital banking experience and unify debit and credit card services. The company projects that moving to Jack Henry's core processing platform will automate manual processes and streamline workflows, allowing employees to spend less time on operational tasks and more time serving customers.

49North Awarded $3.7M Contract From General Atomics to Deliver Coalition Shared Database for Canada's Guardian Remotely Piloted Aircraft System Program

(TSX: MDA) (NYSE: MDA) — 49North, a wholly owned subsidiary of MDA Space Ltd., announced it has been awarded a $3.7 million CAD contract by General Atomics Aeronautical Systems, Inc. (GA-ASI) to design, build, integrate, and test a Coalition Shared Database (CSD) for Canada's Remotely Piloted Aircraft System (RPAS) program. This contract is an addition to the existing $74.4M RPAS contract and supports the delivery of 11 CQ-9B Guardian aircraft to the Royal Canadian Air Force (RCAF) by 2028. The CSD system is based on NATO STANAG 4559 standards and is designed to enable allied nations to share, search, and access heterogeneous sensor data in near real-time. The CSD will reside in the main RPAS Ground Control Centre in Ottawa, with design, build, integration, and testing conducted at 49North's facility in Richmond, British Columbia. Delivery to GA-ASI is expected by August 2027. The company projects that the CSD will ensure the RCAF can operate seamlessly in multinational environments and expand 49North's role as a Canadian defence integrator.

Rocket One Reports Approximately $8.4 Million in Cash and Cash Equivalents and Outlines Strategy Across AI Infrastructure, Spintronic Computing for Space and Defense Markets

(NASDAQ:RKTO) Rocket One, Inc. announced an update to shareholders, highlighting its transition from Hoth Therapeutics to Rocket One Inc. and a new focus on advanced computing, artificial intelligence infrastructure, space systems, and defense-related technologies. As of June 12, 2026, Rocket One had approximately $8.4 million in cash and cash equivalents, reflecting proceeds received through its previously disclosed at-the-market ("ATM") equity program. On May 15, 2026, Rocket One entered into two exclusive license agreements relating to spintronic and nanomagnetic computing technologies designed for artificial intelligence and data-center applications. The company maintains ownership of biotechnology assets developed under Hoth Therapeutics, including HT-001, with the pharmacokinetic (PK) portion of the HT-001 Phase 2 clinical program completed and awaiting finalized PK results. Rocket One continues to expand its advisory network, adding Dr. Supriyo Bandyopadhyay as Lead Technical Advisor for AI Nanomagnetic Technology, Major General Malcolm B. Frost (Ret.), and Colonel Robert "Shane" Kimbrough (Ret.) to its Space and Defense Advisory Board. The company is evaluating a range of strategic alternatives for its biotechnology assets, including partnerships, licensing transactions, joint ventures, asset sales, or other strategic opportunities. Management believes the biotechnology portfolio represents a potentially valuable collection of clinical-stage assets and intellectual property that may be attractive to strategic partners.

Tecsys Achieves FedRAMP "Agency Auth in Process" Designation With HHS Sponsorship

(TSX:TCS) Tecsys Inc. announced it has been officially designated as "Agency Auth In Process" on the FedRAMP Marketplace, following sponsorship by the U.S. Department of Health and Human Services (HHS). The company is progressing toward FedRAMP Class C Certification (formerly Moderate), which covers systems handling sensitive data where unauthorized access, modification or loss would have serious consequences. Tecsys works with more than 1,000 customer sites worldwide across healthcare and distribution, including over 50 health systems such as Texas Children's Hospital, Intermountain Health and Sanford Health. Its Warehouse Management System was recognized by Gartner as a Challenger in the Magic Quadrant for the 15th consecutive year. Tecsys is publicly traded on the Toronto Stock Exchange (TSX: TCS). The company projects that once certification is complete, it expects to be among a select group of FedRAMP-certified supply chain platforms. Listing on the FedRAMP Marketplace as "Agency Auth In Process" provides federal agencies with visibility into Tecsys' progress toward certification.

Agereh Technologies Announces Native CBRS Support for HeadCounter(TM), Bringing Real-Time Passenger Flow Intelligence to Airport-Controlled Private LTE and 5G Network

(TSXV:AUTO) Agereh Technologies Inc. announced that HeadCounter™, its patent-pending real-time passenger flow intelligence platform for transportation hubs, natively supports CBRS-based private wireless communications for U.S. enterprise and airport deployments. HeadCounter™ delivers anonymous, real-time intelligence on passenger movement, directional flow, congestion, crowd density, and related safety signals, with zero PII collected and no new infrastructure required. The platform fuses on-device edge AI, thermal imaging, and microclimate sensing in a single wireless, battery-powered device with up to one-year rechargeable battery life. HeadCounter™ is currently deployed at a major North American international airport, supporting real-time passenger flow intelligence, occupancy-based environmental controls, and operational monitoring across terminals. Key capabilities include real-time passenger counting, directional flow analysis, congestion and crowd-density insight, integrated thermal sensing, and privacy-first anonymous monitoring. All products are patent-pending and made in North America. The company projects future opportunities for HeadCounter™ in passenger-flow optimization, airport operations, transportation hubs, smart infrastructure, digital twin systems, and AI-enabled facility management.

Akamai Unveils Agentic Security Framework to Power Trusted AI-Driven Interactions and Commerce

(NASDAQ:AKAM) Akamai announced its unified agentic framework for its Bot & Agent Control solutions, connecting identity, observability, trust, and edge security into a single, real-time decisioning layer to power scalable AI-driven interactions at the edge. The framework consists of six tightly integrated pillars delivered through a coordinated ecosystem of partners, including Verified identity and human attribution, User-centric authentication, Adaptive trust analysis, Edge-based enforcement, Content monetization and value exchange, and Operational visibility and traffic analysis. Akamai is collaborating with Visa, Skyfire, and Experian to strengthen trusted AI agent identity through the “Know Your Agent” (KYA) framework and Visa’s Trusted Agent Protocol. Integrations with identity providers such as Auth0 and Ping Identity allow businesses to apply existing security policies, such as behavioral analysis and multi-factor authentication, to AI agents. Partnerships with TollBit and Skyfire enable publishers and content owners to negotiate access and facilitate tokenized, pay-per-request models for monetizing data. The company projects that its framework will provide a scalable model where every interaction is verified, understood, and acted on in real time. Akamai’s distributed edge network is used to evaluate the risk and intent of agentic requests instantly, maintaining security and control without compromising speed.

VIAVI Launches TETRA MS Base Station Simulator Option for CX300 to Simplify and Speed Mission-Critical Radio Testing

(NASDAQ:VIAV) VIAVI Solutions Inc. has announced a TETRA MS radio base station simulator option for its field-portable CX300 communications service monitor. The upgrade enables full testing of TETRA MS radios, including transmitter parametric measurements, call processing and BER/MER loopback, without the need to place radios in T1 test mode. The TETRA MS upgrade is available via a software-keyed option on the CX300 and requires no additional hardware. VIAVI provides migration support for existing users of the legacy 3920B platform. The CX300 supports the testing of all major LMR/PMR protocols including TETRA, P25, DMR (MOTOTRBO) and NXDN. The device integrates spectrum analysis, signal generation and analysis, cable and antenna analysis, 2-port 1 path VNA, power measurement, audio analysis and VIAVI AutoTest automated alignment. VIAVI describes itself as a global leader in test and measurement and optical technologies.

Visionstate Partners With Gangline Canada to Develop Radio Frequency Identification Applications

(TSXV: VIS) Visionstate Corp. announced it has signed a letter of intent with Gangline Canada Inc. to enter into a joint venture agreement to develop radio frequency identification (RFID) applications. The joint venture follows the successful deployment of the first RFID application, which is being used to track safety slings mandated for use in the oil and gas sector. According to ResearchAndMarkets.com, the global RFID market size is estimated to be USD$10.7 billion in 2021 and is projected to reach USD$17.4 billion by 2026. Gangline Canada Inc. is an Edmonton-based business focused on engineering applications and distribution of the patented Gangline™ solution, a pipe restraint system for oil fields and fracking work sites. Visionstate Corp. is a growth-oriented company investing in research and development in the Internet of Things, big data and analytics, and sustainability. The company’s WANDA™ smart device footprint extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. The two companies intend to create a new joint venture company to pursue further opportunities in oil and gas for the RFID application.

OwlTing Group (NASDAQ: OWLS) and Credible Finance Partner to Open China Payment Corridor

(NASDAQ: OWLS) OwlTing Group announced a cross-border payment partnership with Credible Finance, a U.S. payment orchestration platform specializing in global payouts. The partnership will open new payment corridors for each other’s customers, starting with China, and plans to explore a corridor into India. OwlPay Harbor, OwlTing’s cross-border payment and settlement infrastructure, has grown its enterprise client base to 51 as of May 31, 2026, up more than 40% from 36 clients reported on April 29, 2026. Completed transaction orders processed through OwlPay Harbor have doubled on average every month since March 2026, with a compound monthly growth rate of 103% over the period. Credible Finance reports more than US$641 million in total payments volume processed to date and has set a public target of US$5 billion in annual processed volume for 2026. OwlTing’s U.S. coverage spans 42 states, with additional regulatory registrations in Poland and Japan. The company projects that the partnership is designed to give the customers of both platforms wider cross-border reach and aims to position OwlPay Harbor as a shared settlement layer for enterprise cross-border payments at scale.

Red Cat Introduces Hellcat™, a Global Small UAS Configuration Built on the Proven Black Widow™ Platform

(NASDAQ:RCAT) Red Cat Holdings, Inc. introduced Hellcat™, a dual-use small unmanned aircraft system (sUAS) built on the Black Widow™ platform. The company unveiled Hellcat in conjunction with Eurosatory 2026, where defense leaders, government buyers, and industry partners from across Europe and allied nations are convening. Hellcat incorporates extensive feedback gathered directly from warfighters in the field and lessons learned through an ongoing partnership with Ukraine. The aircraft offers 50+ minutes of flight time and up to 6.8 miles / 11 km of range with maintained operator line-of-sight. Hellcat’s baseline configuration includes GPS-denied operation from power-on, RTH Azimuth recovery without GPS, WEB™ Standoff Radio support, a low-visibility tactical finish, and a field-repairable, rucksack-portable design. The platform is available with Red Cat’s Ocellus™ 3CP three-camera payload option. The company projects that Hellcat is designed to support customer-driven configurations, faster integration cycles, and software-defined updates that keep pace with changing mission needs.

Clarivate's IPfolio Selected by Mitsubishi Fuso

(NYSE: CLVT) Clarivate Plc announced that Mitsubishi Fuso Truck and Bus Corporation has selected IPfolio as its intellectual property (IP) management solution. The implementation will be supported by Clarivate teams based in Japan. IPfolio provides Mitsubishi Fuso with a modern, scalable foundation for IP management, bringing together trusted data, expert support, and integrated services in a single platform. The solution enables intuitive data visualization and information sharing through dashboards and reporting, providing stakeholders with immediate portfolio visibility and insight. Kenichi Matsuura, Expert, Intellectual Property, Advanced Engineering, Product Engineering, Mitsubishi Fuso, stated that IPfolio enables cross-functional visibility across individual matters and streamlines IP management processes with features such as IP Sync for data synchronization and integrated annuity and renewal management. With IPfolio, Mitsubishi Fuso will be able to automatically verify and enrich its data with trusted Derwent patent data, improving data accuracy and significantly reducing time spent on manual data verification. The company projects that the system will enhance strategic utilization of intellectual property, enable faster decision-making, and advance their IP-driven digital transformation.

Seeing Machines Lands Two Japanese OEM Awards, Bolstering 2028 Pipeline

(AIM:SEE) Seeing Machines has won two fresh automotive programmes in Japan, supplying its Driver and Occupant Monitoring System (DMS/OMS) technology to two separate Japanese car makers, with an estimated initial lifetime value of around US$11 million. Both awards came through a leading European and Japanese Tier 1 supplier. The software will run across multiple vehicle platforms, with production scheduled from 2028. The programmes cover both single and dual camera setups, spanning steering column-mounted and overhead console positions. The number of cars on the road using Seeing Machines’ technology has increased by 67% to over 4 million cars in the past half-year. Japanese manufacturers are increasingly turning to in-cabin sensing to support semi-automated driving and to keep pace with tightening safety rules, including Euro NCAP requirements and other global assessment standards. Seeing Machines said these awards further strengthen its position as a global leader in Driver and Occupant Monitoring technology.

Third Market Edge Intelligence® Contract Win

(AIM:BKS, LSE:BKS) Beeks Financial Cloud Group plc announced that it has secured a five-year software contract with an existing analytics customer for the deployment of Beeks Analytics and Market Edge Intelligence®, with a total contract value ("TCV") of $3.0 million. This brings the TCV of contracts secured in June 2026 to approx. $10 million. The customer is described as a leading North American exchange operator, which has expanded its deployment of Beeks Analytics and will also deploy Market Edge Intelligence® in New York. Revenue recognition is expected to commence immediately. The company states that this is its third Market Edge Intelligence® contract within months of launch. Market Edge Intelligence® is designed for Tier 1 and 2 financial institutions and brings AI-powered insight directly to the colocation edge. The company projects a long runway of growth ahead, with a strong pipeline across all offerings.

IQE Plc: Tower Semiconductor InP Supply Agreement

(AIM: IQE) IQE plc and Tower Semiconductor have announced a multi-year agreement for the supply of Indium Phosphide (InP) epiwafers for optical connectivity solutions serving AI-driven data centre infrastructure. The agreement includes a minimum purchase commitment by Tower in the first year, a reciprocal supply commitment from IQE, and minimum volume commitments thereafter. IQE's InP epiwafers will be used in several of Tower's advanced silicon photonics platforms, including technology for the production of 200Gbs/lane for pluggable transceivers and prototyping of next-generation 400Gb/lane modulators. Under a separate agreement, Tower will provide a broad worldwide and royalty-free license to IQE for porous silicon patents, settling all litigation in the matter. IQE is headquartered in Cardiff UK, with employees across manufacturing locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in London. Tower Semiconductor currently owns one operating facility in Israel (200mm), two in the U.S. (200mm), and two in Japan (200mm and 300mm), and shares a 300mm facility in Agrate, Italy with STMicroelectronics. The company projects that the combination will enable products that can deliver both the performance and high volumes required to scale future AI infrastructure capacity.

NoviqTech to Divest Technology Assets in Favour of High-Growth CDR Sector

(ASX: NVQ) NoviqTech has announced it will divest its Carbon Central, Fuel Central, NoviqAI and Quantum Intelligence platforms and associated intellectual property to focus on the high-growth carbon dioxide removal (CDR) sector through subsidiary Coralia. Consideration for the divestment to India’s Renaissance Infrastructure will total $1 million cash, payable as $200,000 upfront and $800,000 in quarterly instalments backed by security from Renaissance. The proposed divestment will enable NoviqTech to focus on a large-scale offtake deal with Pure Data Centres Group for 70% of biochar CDR credits from its flagship Great Barrier Reef biochar project in north Queensland. The company expects the deal to result in monthly savings of more than $100,000 as all staff members currently working with NoviqTech Services will transfer their jobs, accrued leave entitlements, and liabilities to Renaissance. NoviqTech has announced the resignation of managing director Freddy El Turk and the appointment of executive director Timothy Brooks to the role, effective immediately. The divestment is expected to help advance a new research partnership with Melbourne’s Swinburne University of Technology to advance biochar applications in low-carbon concrete. The company expects the strategy will position NoviqTech to participate in the rapidly growing global carbon removal market while leveraging its expertise in environmental data and carbon measurement, reporting and verification.

Zymeworks Presents New Phase 1 Data for Folate Receptor Alpha-Targeting ADC ZW191 at ESMO Gynaecological Cancers Congress 2026

(NASDAQ:ZYME) Zymeworks Inc. presented new clinical data from the dose-escalation portion of its ongoing Phase 1 study evaluating ZW191, a folate receptor alpha (FRα)-targeting antibody-drug conjugate (ADC), at the European Society for Medical Oncology (ESMO) Gynaecological Cancers Congress 2026. ZW191 demonstrated a confirmed objective response rate (cORR) of 78.6% in FRα-positive (≥75% at PS2+) platinum-resistant ovarian cancer patients and 47.4% in FRα-negative patients (<75% at PS2+) across all dose levels studied. The median progression-free survival was 7.6 months across ovarian and endometrial cancer cohorts, and the median duration of response was not reached at the time of data cutoff. Disease control rates were 100.0% in FRα-positive and 89.5% in FRα-negative platinum-resistant ovarian cancer patients, with a confirmed ORR in the overall PROC population of 58.8% across all dose levels and 65.2% in the 6.4-9.6 mg/kg dose range. In endometrial cancer patients with FRα-negative tumors, ZW191 demonstrated a cORR of 40.0% and a disease control rate of 80.0% across all doses evaluated. Treatment-emergent adverse events (TEAEs) occurred in 98% of patients, with grade ≥3 TEAEs in 55% of patients, and 20% of patients discontinued treatment due to adverse events. The company projects that data from Part 2a will be presented at a future medical meeting and are expected to inform dose selection for potential future development.

Battle Royale: GCM Enters PC Gaming Arena to Prove VHD Cooling Technology

(ASX:GCM) GCM Corporation has entered the PC gaming arena to prove its VHD graphite heat sink technology. The company launched its first commercial VHD offerings just 18 months after securing rights over the technology, initially targeting air-cooled Ball Grid Array (BGA) devices. VHD heat sinks offer low thermal resistance, high directional heat-spreading, and lower weight than conventional aluminium and copper-based materials. Analysts estimate data centres spend up to 40% of their total energy budgets on cooling, and according to the International Energy Agency, data centres already consumed 415 terawatt hours (TWh), or about 1.5% of global electricity in 2024, growing at 12% per year over the five years preceding. GCM is targeting PC gaming as a highly visible proving ground for its VHD graphite heat sink technology and aims to scale into broader cooling systems supporting next-generation chips, AI infrastructure and advanced computing. The company believes building better thermal management materials into systems from the manufacturing level will make a material difference in overall outcomes. GCM has continued to see strong engagement from prospective customers, distribution partners, OEMs, system integrators and technical teams across target markets.

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