IDT

IDT has initially received $88,900 for administrative, technical and management support activities to be conducted during the first year, May 15, 2018 to May 14, 2019.

"This agreement with Premier Farnell and Newark element14 in North America is an example of IDT continuing to expand its product portfolio and extend its customer-reach into broader markets while complementing its existing communications, automotive, industrial, and consumer customer base," said Chris Allexandre, senior vice president, global sales and marketing at IDT.

The record date for IDT stockholders entitled to receive the distribution of Rafael Holdings stock has been changed to March 13, 2018, and the distribution date for the spin-off has been changed to on or about March 26, 2018.

IDT Finance is the sole shareholder of IDT Financial Services Ltd., a Gibraltar-based bank and e-money issuer, providing prepaid card solutions across the European Economic Area.

As per the terms of agreement, the purchase price consists of the value of IDT Finance's net assets at closing plus an additional amount of approximately GBP3m.

(IDT) (NASDAQ:IDTI) reported on Wednesday that a long-term, implantable glucose sensor using IDT's sensing technology has been awarded a European CE Mark.

CMC Biologies will perform process development and manufacture of the bulk monoclonal antibody and IDT Biologika will perform services from conjugation of the cytotoxic drug to the antibody substance through to aseptic fill, finish and packaging of the final ADC drug product.

There is heavy demand for wireless power in mid- and low- volume applications that is currently underserved in the market, said Greg Waters, president and CEO at IDT. By offering a pre-configured, comprehensive, out-of-the-box solution, we make it possible for customers to design a wireless power solution with very little to no engineering support required.

Based at IDT's facility in Ottawa, Canada, the Open HPAC Lab runs on a contribution model.