TECH BULLETIN

Monday, July 20, 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

IREN Signs $2.8bn in New Customer Contracts With Leading AI Developers, Raises 2026 ARR Target to Over $4bn

(NASDAQ: IREN) IREN Limited announced that it has raised its year-end AI Cloud annualized run-rate revenue (ARR) target from $3.7bn to more than $4bn, with approximately 85% now under contract following new multi-year cloud services contracts representing $2.8bn in total contract value. IREN's customer base now includes Microsoft, NVIDIA, Perplexity, Figure AI, Together AI, Fluidstack, Fireworks AI, Fal AI, Hume AI, and a new leading AI developer, across both bare metal and managed cloud services. As of June 30, 2026, IREN held approximately $7.6bn in cash and cash equivalents, including $1.7bn of restricted cash in connection with the GPU financing for the Microsoft contract at Horizon 1-4. In the past 12 months, IREN expanded from approximately 3MW of self-built AI Cloud capacity to 480MW being delivered this year, with 1.2GW targeted for 2027. Recent contracts include customer prepayments representing approximately 45% of the associated GPU capital expenditure, reducing IREN’s net funding requirement for those deployments. Across the portfolio, IREN’s customer contracts have a weighted average term of approximately 4 years. The company projects 480MW (gross) of AI Cloud capacity planned by year-end 2026 and 1.2GW targeted for 2027.

Globavend Signs Global Distribution Agreement With DramaBox, Expanding Commercial Distribution to Platform With Over 90 Million Registered Users

(NASDAQ: GVH) Globavend Holdings Limited announced that its digital entertainment subsidiary, Loomi Entertainment Group, has entered into a global distribution agreement with DramaBox for the worldwide release of its original AI-produced English language micro drama, “The Wolf King's Forbidden Bride.” DramaBox's platform has attracted more than 90 million registered users worldwide, operates across more than 200 countries and regions, and has surpassed 100 million downloads on Google Play. The announcement follows Globavend's release of “Buried Innocent,” its first fully AI-produced original micro drama, which surpassed 1 million views on TikTok. Independent research firm Omdia projects the global micro drama industry will generate approximately US$11 billion in annual revenue. The agreement with DramaBox expands Globavend's international distribution network and supports its multi-channel commercialization strategy, including direct-to-consumer streaming, third party platform distribution, licensing, subscriptions, and advertising-supported viewing. Management believes the combination of proprietary AI-powered production capabilities, original intellectual property ownership, and growing audience validation strengthens the Company's ability to commercialize premium entertainment content. Globavend operates integrated cross-border logistics solutions across Hong Kong, Australia, New Zealand, and mainland China.

MMA.INC Launches Expanded Revenue Opportunities With Zebra Athletics and New ECommerce Platform

(NYSE:MMA) Mixed Martial Arts Group Limited announced the public launch of the TrainAlta gear store, expanding its commercial partnership with Zebra Athletics beyond enrolled Warrior Training Program participants. The store allows the public to purchase individual products and bundled Zebra Athletics gear packages directly through the TrainAlta website, establishing a standalone merchandise revenue channel alongside TrainAlta’s program revenue. Orders in Australia and the United Kingdom are fulfilled directly by Zebra Athletics through integrated regional fulfilment arrangements. MMA.INC has access to approximately 108,000 active BJJLink students and more than 530,000 user accounts across its platform, with over 5 million social media followers, 100,000+ active students, 18,000 published gyms, and 800 verified gyms across 22 countries. The average retail price of a full kit is $320 USD, and the store offers instalment payment options. The company projects that the TrainAlta store can generate meaningful additional revenue from both existing and future customers and intends for the store to serve as the initial operating model for a broader commerce layer across its platform portfolio.

Knightscope Preliminary Q2 Revenue Triples

(NASDAQ:KSCP) Knightscope, Inc. announced preliminary results for the second quarter ended June 30, 2026, recording approximately $9 million in revenue for the quarter. This represents an increase of more than 200% compared with $2.7 million in the same quarter last year and marks a new quarterly record for the Company. Knightscope now serves 434 clients across 42 states in the U.S. The revenue figure is preliminary, unaudited, and subject to the completion of the Company’s quarter-end financial closing procedures. The Company expects to report full second-quarter results in mid-August 2026. William Santana Li, Knightscope’s Chairman and Chief Executive Officer, presented the all-new Autonomous Security Force strategy in a video. The Company combines autonomous machines, advanced orchestration software, and licensed armed and unarmed security agents to help protect people, property, and critical infrastructure.

SuperCom Wins New Electronic Monitoring Contract in Kansas, Expanding U.S. Presence Into 19th New State

(NASDAQ: SPCB) SuperCom announced that it has won a new electronic monitoring (EM) contract in the state of Kansas, fully displacing the program's incumbent intermediary service provider. The contract introduces SuperCom's PureOne technology to Kansas and marks the company's expansion into its 19th new state since mid-2024. Over the same period, SuperCom has secured more than 40 new U.S. contracts, each on a recurring per-unit daily model. The contract follows a recurring revenue model based on daily active units, further expanding SuperCom's recurring revenue customer base. Training and deployment for this project is expected to begin by the end of July 2026. SuperCom reported trailing twelve-month non-GAAP EBITDA of $10.3 million and stated it has a strong balance sheet. The company provides advanced safety, identification, and security solutions to governments and organizations worldwide.

Integrated Quantum Technologies CTO Jeremy Samuelson Welcomed to Forbes Technology Council

(CSE: ICS) (OTCQB: IGCRF) Integrated Cyber Solutions Inc., doing business as Integrated Quantum Technologies, announced that its CTO Jeremy Samuelson has been welcomed to the Forbes Technology Council. Samuelson was selected by a Forbes review committee based on his experience leading artificial intelligence (AI), machine learning, and data science initiatives across global organizations. At Integrated Quantum Technologies, Samuelson leads the company's AI research and innovation strategy and is the inventor of VEIL (Vector Encoded Information Layer), the company's flagship data security solution for Enterprise AI. The company's product offerings include the AIQu™ platform, VEIL™, and SecureGuard360™ cybersecurity platform for end-to-end AI security and monitoring. Samuelson also teaches graduate-level executive programs in AI and management at Johns Hopkins University, Duke University, and the University of Texas in Austin. The company published a VEIL™ technical white paper titled "Informationally Compressive Anonymization: Non-Degrading Sensitive Input Protection for Privacy-Preserving Supervised Machine Learning". The company projects that the concepts, methodologies, and technical conclusions described in the Paper, including the VEIL™ architecture and Informationally Compressive Anonymization framework, will continue to be viable and applicable in commercial and operational environments.

TOMI Environmental and Carbonium Core Positioned to Play Key Role in the Onshoring of Essential Strategic Materials for Defense and Global Disinfection

(NASDAQ: TOMZ) TOMI Environmental Solutions, Inc. and Carbonium Core, Inc announced the signing of a definitive agreement to complete a merger between the two companies on June 29, 2026. Carbonium is developing technology intended to produce nuclear-grade graphite for 4th-generation nuclear reactors, including Small Module Reactors (SMRs), by converting U.S. source carbon feed stock into ultra-pure graphite through the licensing of Oak Ridge National Laboratory’s technology. The pilot office is currently located in Oneida, Tennessee, where pilot-scale testing is underway to validate the conversion process under realistic operating conditions. Carbonium’s process is expected to deliver graphite at 99.9% efficiency, supporting domestic supply chains and national priorities for advanced nuclear fuel cycles. The United States has historically relied on uranium and graphite imports from Russia and China, but legislative restrictions have prompted a shift toward domestic production. Carbonium is currently engaged in advanced discussions with representatives of the U.S. Department of Energy regarding potential collaboration related to its coal-to-graphite technology. The company projects that, after a short pilot study, it will move to full-scale commercial production with high-volume batches, high integration and automation, and comprehensive regulatory compliance.

WiMi Releases Resource-Efficient Quantum Convolutional Neural Network Based on QRAM, Accelerating the Practical Implementation of Large-Scale Image Classification Applications

(NASDAQ:WIMI) WiMi Hologram Cloud Inc. announced the release of its latest independently developed achievement—a quantum convolutional neural network for efficient image classification based on quantum random access memory (QRAM). The technology is oriented toward typical image classification tasks with large-scale input data and multiple output channels. WiMi's model systematically addresses bottlenecks in quantum convolutional neural networks regarding the number of qubits, circuit depth, and data loading efficiency. The model adopts a hybrid quantum-classical architecture, with parameter updates and loss function evaluation on the classical side and core feature extraction and mapping on quantum circuits. During experimental validation, WiMi conducted systematic evaluations on multiple sets of image classification tasks with different scales, showing that the QRAM-based quantum convolutional neural network outperforms existing similar QCNN schemes in both resource consumption and circuit depth while maintaining competitive classification performance. The company states that this result validates the feasibility of the technology in processing large-scale machine learning tasks in resource-constrained quantum environments. WiMi projects that with the continuous improvement of quantum hardware capabilities, the QRAM-based QCNN architecture is expected to further amplify its parallel computing advantages and lay a solid foundation for the actual deployment of future quantum intelligent systems.

AITX's RAD Secures Additional RIO 360 Expansion Order From Global Logistics Leader

(OTC:AITX) Artificial Intelligence Technology Solutions, Inc. announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), has received an order for five additional RIO 360™ autonomous solar powered security trailers from an existing enterprise customer operating in the global logistics sector. The new units are scheduled to begin service during the Company's second fiscal quarter at a Midwest distribution facility. The direct enterprise customer first deployed RAD solutions in 2023 and today operates dozens of RAD devices across its network. RAD solutions are specifically designed to deliver cost savings of between 35% and 80% compared to traditional manned security and monitoring. The Company expects the new RIO 360 units to be deployed and begin generating recurring revenue during its second fiscal quarter, which ends August 31, 2026. Through its primary subsidiary, RAD-I, AITX is redefining the nearly $50 billion (US) security and guarding services industry with its AI-driven Solutions-as-a-Service model. All RAD technologies, AI-based analytics and software platforms are developed in-house.

XTI Aerospace Drone Nerds Adds XREAL Xbx a01+ AR Glasses to Consumer Product Line

(NASDAQ: XTIA) XTI Aerospace, Inc. announced the addition of the XREAL xbx a01+, a lightweight pair of augmented reality ("AR") screen-casting glasses, to Drone Nerds' product lineup. The XREAL xbx a01+ features a lightweight design of approximately 2.2 ounces (62 grams), a 0.6-inch Micro OLED display, and supports 1920x1080 and 3840x1080 resolution modes. The glasses offer up to a 120Hz refresh rate, a 48-degree field of view, and a perceived brightness of 1500 nits. Additional specifications include a 54.5 mm to 74.5 mm interpupillary distance range, 10-bit color accuracy, a Pixelworks chip, and USB-C connectivity. The XREAL xbx a01+ and accessories are now available through Drone Nerds' online store at: www.dronenerds.com. XTI Aerospace is headquartered in Addison, Texas. The company projects the anticipated expansion of XTI's sales and operations and increased availability of XTI's drone and other products.

Youlife Expands National Vocational Education Platform Through Strategic Partnership With Dazhou Technician College

(NASDAQ: YOUL) Youlife Group Inc. announced that its vocational education brand, Tiankun Education, has entered into a comprehensive strategic cooperation agreement with Dazhou Technician College. The ten-year collaboration establishes a long-term framework covering enrollment, curriculum co-development, industry-oriented training, faculty development, internship programs, employment placement and operational management. Youlife operates 180 domestic branches and over 10 overseas offices, and partners with more than 10,000 renowned enterprises worldwide. Under its "School-Enterprise Cooperation" model, Youlife maintains a nationwide network of vocational schools, including 37 schools and 146 curriculum development programs, covering 37 cities and counties across 16 provinces in China. Dazhou Technician College is a leading public vocational institution in Sichuan Province with decades of experience in technical and skilled workforce education. The agreement further expands Youlife's national school-enterprise cooperation platform and strengthens its presence in Western China. The company believes its integrated operating model is well positioned to capture long-term structural growth opportunities.

Gatekeeper Announces C$19 Million SEPTA Transit Video Services Contract Over 5 Years

(TSXV: GSI) Gatekeeper Systems Inc. announced that its wholly-owned subsidiary, Gatekeeper Systems USA Inc., has entered a new contract with Southeastern Pennsylvania Transportation Authority (SEPTA) to provide inspection, maintenance, testing and contract support services for SEPTA's on-board vehicle video system project. The contract is for an initial 3-year period commencing September 2026, with two consecutive one-year option terms at SEPTA's sole discretion. The total amount of the contract is US$13,426,933.67 (including both options), or approximately C$19 million in aggregate over 5 years at current exchange rates. SEPTA has approximately 3,000 vehicles equipped with a vehicle video system, including buses, trackless trolleys, railroad trains, high-speed trains, light-rail vehicles, customized community transit and SEPTA police vehicles. Gatekeeper has provided solutions to more than 60 transit agencies and 3,500 school districts throughout North America and has installed more than 65,000 Mobile Data Collectors for customers which record video and data daily from over 200,000 onboard devices. The Company's hosted software applications facilitate AI-assisted video analytics for incident management and storage. The Company's Platform-as-a-Service (PaaS) business model is centered around the Mobile Data Collectors.

Plurilock Notified of Selection as One of U.S. Government Contract Awardees

(TSXV: PLUR) (OTCQB: PLCKF) Plurilock Security Inc. announced that its Aurora subsidiary has been named an awardee under NASA's Solutions for Enterprise-Wide Procurement VI (SEWP VI) government-wide acquisition contract. SEWP VI is a 10-year, indefinite delivery and indefinite quantity (IDIQ) purchasing vehicle with an aggregate program ceiling of US$60 billion. The contract allows Plurilock to compete for individual orders as they are issued, with order values and associated revenue determined by future awards. The company has granted a total of 2,820,000 options to certain employees and consultants at an exercise price of $0.15 per share for a period of four years, with 25% to vest one year from the grant date and 25% every 12 months thereafter. Additionally, 1,500,000 restricted share units were granted to certain officers and directors, vesting over one year from the grant date. Plurilock's public sector purchasing vehicles enable the company to serve U.S. and Canadian public sector customers across civilian, defense, and intelligence agencies. The company projects that continued participation in the SEWP program through SEWP VI may provide access to additional contract opportunities in future periods.

Alternative Ballistics Corporation (OTCQB: ALBC) Announces PT Panglima Pandawa Sakti as First International Online Marketplace for the Home Defense™

(OTCQB: ALBC) Alternative Ballistics Corporation announced that PT Panglima Pandawa Sakti, an Indonesian defense solutions company, will become the first international online marketplace to offer The Home Defense ™ to qualified customers within its authorized market. The agreement marks the Company's first direct-to-consumer e-commerce channel outside the United States, advancing the Company's global commercialization strategy. The Home Defense ™ uses Alternative Ballistics’ patented bullet capture technology and is designed to provide responsible gun owners with a less-lethal-first option. The Company recently launched The Home Defense ™ domestically in the United States and plans to introduce a consumer-focused version of its technology to the U.S. commercial market under The Home Defense ™ brand. In Indonesia, civilian firearm ownership and lawful carry are highly restricted, with many individuals authorized to carry firearms serving in law enforcement or other approved security-related roles. The Alternative ® is a patented system intended to bridge the capability gap between traditional less-lethal tools and lethal force. The agreement further advances Alternative Ballistics' international commercialization strategy and represents another step in expanding the availability of The Home Defense ™ through qualified distribution partners.

QScreen AI Deepens US Institutional Pipeline as Screening Platform Adds Escalation-Based Review Capability

(CSE: QAI) (OTC: PMEDF) QScreen AI Inc. announced completion of the tiered screening architecture at the core of its commercialization strategy. The architecture is fully implemented in the Company's browser-based platform and is now being demonstrated to prospective institutional partners through the Company's US channel process. The milestone marks the fourth build milestone the Company has delivered in as many months: full platform integration across its three signal modalities in April, passive voice analysis in May, the grant of US Patent No. 12,640,164 announced last week, and now the tiered architecture. Under the tiered model, every worker passes through a rapid readiness gate of approximately 90 seconds, running on the Company's patented single-camera method on hardware the site already owns. The Company's engagement with Global Frontier Advisors has produced a concentrated pipeline of prospective institutional and industrial evaluators in the southeastern United States. Dr. Rahul Kushwah will travel to the region in the coming weeks to conduct in-person platform demonstrations as part of the Company's US channel process. The tiered architecture also underpins the Company's commercial model, with site licensing structured around workforce coverage rather than per-test counts.

BinBase Unveils 2026 Payment Intelligence Dataset

(LSE/AIM:FNEWS) BinBase, a provider of payment routing and card intelligence data, announced the release of its updated 2026 Bank Identification Number (BIN) dataset. The 2026 dataset introduces high-precision data structures designed to address routing inefficiencies caused by the global transition to 8-digit BINs and tokenized digital wallet transactions. The dataset equips processors and merchants with 29 granular attributes per BIN range, including Reg II Durbin exemption status, Fast Funds capability, and regional co-badging indicators. BinBase's release features an 11-to-6 digit Waterfall Lookup system that maps complex sub-ranges down to the issuer level while maintaining backward compatibility with legacy payment engines. The dataset is available as flat CSV, SQLite, and PostgreSQL database dumps for seamless local caching. BinBase has published an open-schema specification and sample dataset on GitHub: https://github.com/BinBaseDatabase. The company provides enterprise payment intelligence data to merchants, payment service providers, and financial institutions worldwide.

Alibaba Group Holding Limited Investigated on Behalf of Investors - Contact the DJS Law Group to Discuss Your Rights - BABA

(NYSE:BABA) The DJS Law Group announced that it is investigating claims on behalf of investors of Alibaba Group Holding Limited regarding alleged violations of the securities laws. The investigation focuses on whether Alibaba issued misleading statements and/or failed to disclose information pertinent to investors. Media reports have revealed that Anthropic wrote a letter to the U.S. Senate accusing Alibaba of "brazenly and illicitly" attempting to extract its AI capabilities through a "distillation" attack. The press release invites shareholders who suffered a loss to contact DJS Law Group to participate. DJS Law Group states that its primary focus is to enhance investor return through balanced counseling and aggressive advocacy. The firm specializes in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. The press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Clarivate RiskMark Wins 2026 CODiE Award for Best AI Tool for Lawyers

(NYSE: CLVT) Clarivate Plc announced that its AI tool RiskMark has been named the winner of the 2026 CODiE Award for Best AI Tool for Lawyers. RiskMark was launched in 2025 and is built on 172.5 million trademark records across 188 jurisdictions and more than five million court and administrative decisions. The tool combines predictive and generative AI within a single workflow, enabling attorneys to assess similarity risks, identify potential conflicts, and generate legally grounded draft arguments in minutes rather than hours. In 2025, RiskMark was also named "LegalTech Predictive AI Solution of the Year" by the LegalTech Breakthrough Awards. RiskMark delivers near-instant, data-driven insights across visual, phonetic, semantic, and goods/services dimensions. The company states that RiskMark helps legal professionals make faster, more informed decisions and deliver stronger outcomes for their clients. Clarivate offers enriched data, insights & analytics, workflow solutions, and expert services in the areas of Academia & Government, Intellectual Property, and Life Sciences & Healthcare.

Insig AI Makes First Digital Asset Investment

(AIM:INSG) Insig AI plc announced its first digital asset investment, committing an immediate €300,000 (in aggregate) in ATM Labs B.V., trading as 4Mica, a Belgium based, early-stage AI agent micropayments solutions provider. The investment is structured as a convertible loan instrument with a zero interest rate and a maturity date of 31 August 2027. If converted, the loan will equate to a 2.94 per cent fully diluted interest in 4Mica. Insig AI has also committed to invest €1 million conditional upon 4Mica securing a substantial fundraising round within 16 months of completion of the Convertible Loan. The company reported that it had evaluated over 100 digital asset investment opportunities prior to this transaction. 4Mica claims its clearing technology can be delivered at 99% below the cost of current transactions while supporting significantly higher volumes. The company projects that 4Mica has the potential to deliver very substantial returns to shareholders.

HiTech Group Australia Expands National Platform With Hudson Acquisition

(ASX: HIT) HiTech Group Australia has entered a binding agreement to acquire the Australian operations and selected business assets of Hudson Global Resources Australia from its administrators for upfront consideration of A$7 million. The acquired operations contribute about A$190m in pro forma financial year 2026 revenue based on annualised May billings from active contractors intended to transfer to HiTech. The purchase price includes a A$1m deposit payable on signing and conditional deferred consideration of up to A$3m within 12 months of completion, subject to future cash generation from the acquired business. HiTech plans to fund the acquisition through existing capital, committed debt facilities, and other capital sources available to it while maintaining balance-sheet capacity for future strategic opportunities. The transaction is structured as an asset acquisition from Hudson’s administrators, allowing HiTech to acquire selected brands, customer relationships, contractor arrangements, and operating capabilities while limiting exposure to historical liabilities. HiTech chief executive officer Elias Hazouri called the deal a “transformational milestone in HiTech's 33-year evolution”. The acquired assets will initially operate as a standalone business supported by HiTech, with selected support functions, technology platforms, and shared services to be integrated progressively.

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