Tech Stocks Impression! Telenav Inc (TNAV), Revolution Lighting Technologies Inc (RVLT)
Shares of Telenav Inc (NASDAQ:TNAV) ended Monday session in green amid volatile trading. The shares closed up +0.28 points or 4.90% at $6.00 with 61,806 shares getting traded. Post opening the session at $5.90, the shares hit an intraday low of $5.85 and an intraday high of $6.05 and the price vacillated in this range throughout the day. The company has a market cap of $258.32 million and the numbers of outstanding shares have been calculated to be 43.13 million shares.
Telenav Inc (TNAV) announced the availability of OpenStreetView (OSV), a free open source platform designed to accelerate the advancement of OpenStreetMap® (OSM). The platform includes free iOS and Android apps with optional auto OBD-II integration and web tools to equip drivers and the nearly three million global OSM editors.
OpenStreetView uses image recognition that leverages computer vision to detect critical road data and attributes from street-level imagery through the driver’s dash-mounted smartphone or camera. The details captured include speed limit signs, lane information and road curvature. Understanding the importance of visual privacy, OpenStreetView automatically blurs faces and license plates.
The addition of OBD-II integration brings more accuracy through car sensor data. OpenStreetView tracks live speed data and wheel position to augment GPS positioning, allowing our dead reckoning software to generate more accurate locations, paths and trip routes, especially in areas of lost GPS coverage such as tunnels, canyons, under dense tree coverage and among tall buildings.
Shares of Revolution Lighting Technologies Inc (NASDAQ:RVLT) ended Monday session in green amid volatile trading. The shares closed up +0.23 points or 3.60% at $6.62 with 89,118 shares getting traded. Post opening the session at $6.39, the shares hit an intraday low of $6.38 and an intraday high of $6.65 and the price vacillated in this range throughout the day. The company has a market cap of $137.15 million and the numbers of outstanding shares have been calculated to be 20.78 million shares.
Revolution Lighting Technologies Inc (RVLT) announced the availability of its latest and most efficient LED solution. At only 10.5 watts, the four-foot, T8 LED linear tube improves efficiency by up to 15% compared to its previous generation technology and other similar competing technologies. Lighting accounts for 25% of a building’s annual energy use, and the replacement of outdated and wasteful lighting technologies with the Company’s latest LED solutions can improve lighting efficiency by more than 68%.
“Revolution Lighting is the leading provider of high quality LED lighting solutions, staying ahead of the market in terms of technological adaptation,” said Robert V. LaPenta, CEO and Chairman of Revolution Lighting. “We continue to remain at the forefront, introducing the most efficient LED linear tube that will continue to offer the most visible, positive impact for our customers and their businesses.”