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SPARC AI Launches Universal GPS-Denied Navigation Layer for the Global Drone Industry
Globenewswire· 2026-02-25 11:29
Core Insights - SPARC AI Inc. announced a significant upgrade to its flagship GPS-denied navigation product, Overwatch, allowing operators to export corrected waypoints and mission plans directly into existing flight software, enhancing deployment across commercial and defense fleets [1][2] Product Features - Overwatch is positioned as a hardware-agnostic solution that can be integrated into virtually any commercial or defense drone, regardless of the manufacturer or flight control system, enabling quick adoption in GPS-contested regions [2] - The product allows operators to plan missions and apply AI-driven sensor corrections to waypoints, which can then be exported to existing flight ecosystems without the need for integration programs, making it scalable from single-drone operations to large defense organizations [3] - Overwatch supports a wide range of drone ecosystems and formats, breaking the previous limitations of GPS-denied solutions that were tied to specific hardware and software, thus reducing integration costs and increasing adoption [4][5] Company Overview - SPARC AI Inc. focuses on addressing critical challenges in autonomous systems, particularly in navigation and targeting when GPS is unavailable, utilizing AI to enhance the accuracy of low-cost inertial sensors in commercial drones without requiring additional hardware [7] - The company's software-only approach makes GPS-denied capabilities accessible at a price point suitable for both individual platforms and large fleets [7]
Golar LNG Limited Preliminary fourth quarter and financial year 2025 results
Globenewswire· 2026-02-25 11:22
Financial Performance - Golar LNG reported a Q4 2025 net income of $10.4 million, a 130% increase from Q4 2024, and a full-year net income of $66 million, up 29% year-over-year [1][4] - Total operating revenues for Q4 2025 reached $132.8 million, a 101% increase compared to Q4 2024, with year-to-date revenues of $393.5 million, reflecting a 51% increase [1][4] - Adjusted EBITDA for Q4 2025 was $91 million, a 54% increase from Q4 2024, and $265 million for the full year, a 10% increase [1][4] Operational Highlights - The company secured $14 billion in Adjusted EBITDA backlog through two 20-year contracts for FLNG Hilli and MKII FLNG with Southern Energy S.A. in Argentina [3][4] - FLNG Hilli exceeded its 2025 production target, while FLNG Gimi overproduced compared to its contractual commitments during Q4 2025 [4][9] - The construction of MKII FLNG is on schedule and on budget, with all conditions precedent for the contract with SESA satisfied [4][26] Financial Transactions - Golar executed $2.275 billion in new financing facilities during the year, including a $1.2 billion secured bank facility for FLNG Gimi [3][16] - The company entered the U.S. bond market with $500 million of 5-year senior unsecured notes at a 7.50% interest rate [4][15] - A share buyback program resulted in the repurchase and cancellation of 1.1 million shares at an average price of $37.76 per share, with $109 million remaining available [4][9] Liquidity and Debt - Total Golar Cash as of December 31, 2025, was $1.2 billion, while Golar's share of contractual debt was $2.7 billion, resulting in a net debt position of $1.5 billion [13][49] - The company has a significant liquidity release potential through debt refinancing alternatives, particularly for FLNG Hilli, which has an Adjusted EBITDA backlog of $5.7 billion [21][30] Market Position and Future Outlook - Golar is positioned as the only proven FLNG service provider globally, with strong operational uptime and capital efficiency [4][38] - The company anticipates continued strong demand for FLNG services, with plans to order a fourth FLNG unit once commercial terms mature [34][36] - Golar's 10% ownership in SESA provides additional commodity exposure, with potential upside linked to LNG prices [30][31]
Technip Energies awarded a major LNG contract for the North Field West project by QatarEnergy
Globenewswire· 2026-02-25 11:06
Technip Energies (PARIS:TE), as leader of a joint venture (T.ENCCCGAC JV) with Consolidated Contractors Company (CCC) and Gulf Asia Contracting (GAC), has been awarded a major1 Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore LNG facilities of the North Field West (NFW) project. This award covers the delivery of 2 mega trains, each with a capacity of 8 MTPA2 of liquefied natural gas, as a replication of the 2 trains under construction by Technip Energie ...
Canadian Household Debt Reaches $2.6 Trillion as Balanced Growth Emerges at Both Ends of the Risk Spectrum
Globenewswire· 2026-02-25 11:00
Key findings from TransUnion report: Nearly one-in-five Canadians improved their credit score over the past yearCanadian consumer credit delinquencies remained stable as consumers and lenders have adjusted to the evolving economic landscapeCanada’s credit market poised for growth as economic conditions improve, and innovation creates opportunities for expanded credit access TORONTO, Feb. 25, 2026 (GLOBE NEWSWIRE) -- In the fourth quarter of 2025, Canadian household debt reached $2.6 trillion across all cred ...
Tri Pointe Homes, Inc. Reports 2025 Fourth Quarter and Full Year Results
Globenewswire· 2026-02-25 11:00
INCLINE VILLAGE, Nev., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE: TPH) today announced results for the fourth quarter ended December 31, 2025 and full year 2025. As previously announced on February 13, 2026, Tri Pointe has entered into a definitive agreement to be acquired by Sumitomo Forestry Co., Ltd., a Japanese corporation (kabushiki kaisha) (“Parent”), and Teton NewCo, Inc., a Delaware corporation and an indirect wholly owned Subsidiary of Parent (“Merger Sub”), pro ...
Reminder: Stella-Jones Will Hold a Conference Call to Discuss its Fourth Quarter 2025 Financial Results
Globenewswire· 2026-02-25 11:00
MONTREAL, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX:SJ). Open to:Investors, analysts and all interested partiesDate:Thursday, February 26, 2026Time:10:00 AM Eastern Standard Time (EST)Live Webcast:https://meetings.lumiconnect.com/400-066-154-282Call:Local - Toronto: +1 (416) 855-9085 Toll Free - North America: +1 (800) 990-2777 Conference ID: 77440 THE PRESS RELEASE WILL BE PUBLISHED BEFORE MARKET OPENS THE DAY OF THE CONFERENCE CALL THROUGH GLOBE NEWSWIRE. Please log on or dial in 15 min ...
Immuron Reports HY26 Results and Strategic Reset
Globenewswire· 2026-02-25 11:00
Highlights (unaudited): Consistent Revenue Growth: Immuron is no longer just a "concept" company. Global H1 FY26 sales grew to AUD$4.2 million, with the U.S. market showing strong momentum (+17% YoY).Cash (AUD $10.0 million) to fund operating activities. Includes AUD $7.3 million (net) raised at an average price of A$0.0803 (IMRN USD$2.0923).Validated Platform: The "Hyper-Immune" platform is versatile. Beyond traveler’s diarrhea (Travelan®), the company is moving into high-value clinical targets like C. dif ...
Auddia Highlights LT350 Business as Core AI Infrastructure Asset in Proposed Merger
Globenewswire· 2026-02-25 11:00
Proprietary technology turns any parking lot into a revenue generating datacenter delivering AI inference at the edge without absorbing parking spaces Supports the fastest, most secure, and lowest cost inference runs for the highest paying customers handling the most sensitive data LT350 accounts for approximately 50% of McCarthy Finney’s $250 million DCF valuation BOULDER, Colo., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Auddia Inc. (NASDAQ: AUUD) (“Auddia” or the “Company”), today announced a comprehensive stra ...
Salience Labs and Tower Semiconductor Partner to Manufacture At-Scale Optical Circuit Switches for Next-Generation Data Centers
Globenewswire· 2026-02-25 11:00
Salience Lab’s Innovative Architecture leverages Tower’s differentiated Silicon Photonics platforms to deliver ultra-low latency, high-bandwidth and lower-power optical connectivity for AI clusters MIGDAL HAEMEK, Israel, and OXFORD, England, February 25, 2026 — Tower Semiconductor, the leading foundry of high-value analog semiconductor solutions, and Salience Labs Limited, a leader in photonic solutions targeting connectivity for AI datacenter infrastructure, today announced a partnership to manufacture Pho ...
Osisko Intersects 694 Metres Averaging 0.31% Cu at Gaspé
Globenewswire· 2026-02-25 11:00
Southern Extension provides additional high-grade intercept of 51 metres averaging 1.24% Cu 92.9 metres averaging 0.35% Cu from historic hole located 625 metres south of the 2024 MRE model MONTREAL, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce new drill results and re-analysis results from historic drill core from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Osis ...