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Edible Garden Executes New Distribution Agreement with Busch's Fresh Food Market
Globenewswire· 2026-02-25 14:17
Core Insights - Edible Garden AG Incorporated has entered a two-year distribution agreement with Busch's Fresh Food Market to expand its retail presence in the Midwest, focusing on fresh potted herbs [1][2][4] Group 1: Distribution and Partnerships - The partnership with Busch's enhances Edible Garden's distribution footprint in the Midwest, aligning with the company's strategy to collaborate with regional retailers that prioritize freshness and community engagement [2][4] - Busch's Fresh Food Market, a family-owned retailer, has been serving Michigan communities for 50 years and emphasizes locally produced items and exceptional shopping experiences [3] Group 2: Product and Technology - Edible Garden's fresh potted herbs are cultivated using a controlled environment agriculture platform, which aims to provide longer shelf life, consistent quality, and reduced food waste [2][5] - The company will implement branded wire rack displays and patented self-watering displays in Busch's stores to enhance product visibility and performance [4][6] Group 3: Company Overview - Edible Garden is a leader in controlled environment agriculture, offering locally grown, organic produce through a sustainable farming model, and operates over 5,000 retail locations across the U.S., Caribbean, and South America [5][7] - The company has developed proprietary technologies, including the GreenThumb 2.0 software and self-watering displays, to optimize growing conditions and improve in-store presentation [6]
ProAmpac Holdings Inc.’s Acquisition of the Packaging Business of TC Transcontinental Update
Globenewswire· 2026-02-25 14:15
Core Viewpoint - TC Transcontinental is set to finalize its acquisition by ProAmpac Holdings, with regulatory waiting periods now expired or terminated, anticipating closure on March 6, 2026 [1][2]. Company Overview - TC Transcontinental is a leading North American flexible packaging company, a major retail marketing services provider in Canada, and the largest printer in Canada, also recognized for its French-language educational publishing [5]. - The company was founded in 1976 and aims to create quality products and services to help businesses attract and retain customers [5]. - TC Transcontinental employs approximately 7,600 individuals, primarily in Canada, the United States, and Latin America [7]. - The company reported revenues of $2.7 billion for the fiscal year ending October 26, 2025 [7]. Values and Commitment - The corporation emphasizes values such as respect, teamwork, performance, and innovation, committing to responsible business practices for its stakeholders [6].
Hovnanian Enterprises Reports Fiscal 2026 First Quarter Results
Globenewswire· 2026-02-25 14:15
Core Insights - Hovnanian Enterprises, Inc. reported a 5% year-over-year increase in domestic consolidated communities and met or exceeded all guidance metrics for the fiscal first quarter ended January 31, 2026 [1][9] Financial Performance - Total revenues for the first quarter of fiscal 2026 were $632.0 million, down from $673.6 million in the same quarter of the previous year [2] - Homebuilding gross margin percentage after cost of sales interest expense and land charges was 10.1%, compared to 15.2% in the first quarter of the prior year [2] - Net income was $20.9 million, or $2.62 per diluted common share, compared to $28.2 million, or $3.58 per diluted common share, in the same period last year [2] - Adjusted EBITDA for the quarter was $63.1 million, exceeding the high end of the guidance range, compared to $72.1 million in the first quarter of the prior fiscal year [2][10] Sales and Contracts - Consolidated domestic contracts increased 3.1% to 1,242 homes valued at $664.8 million compared to 1,205 homes valued at $643.3 million in the same quarter last year [2] - The gross domestic contract cancellation rate for consolidated contracts was 14%, down from 16% in the fiscal 2025 first quarter [3] Liquidity and Inventory - Total liquidity as of January 31, 2026, was $471.4 million, significantly above the target liquidity range of $170 million to $245 million [10][20] - Total domestic controlled consolidated lots were 35,560, down from 43,254 lots at the end of the previous fiscal year's first quarter [10] Guidance and Outlook - For the second quarter of fiscal 2026, total revenues are expected to be between $625 million and $725 million, with adjusted homebuilding gross margin anticipated between 13.0% and 14.0% [7] - The company anticipates an increase in adjusted income before income taxes in the second half of fiscal 2026, supported by better contract activity observed in January and February [11]
Mint Delivers First FLOKI Minibot M1 Prototype Introducing a New AI-Powered Companion for the Asia Pacific Market &
Globenewswire· 2026-02-25 14:07
Core Insights - Mint Incorporation Limited has successfully delivered the first prototype of the FLOKI Minibot M1, marking its entry into the consumer robotics market [2][4] - The FLOKI Minibot M1 is designed as an AI-powered companion robot with features such as smart reminders, proactive notifications, and personalized interaction [3][4] - The collaboration with Rice Robotics Holdings Limited enhances Mint's capabilities in robotics R&D and positions the company to capitalize on the growing demand for AI-powered companions [5][6] Company Overview - Mint Incorporation Limited is a Hong Kong-based company listed on NASDAQ, focusing on AI, robotics, and interior design [8] - The company operates through its subsidiary Axonex Intelligence Limited, providing intelligent robotics and facility management solutions [8] Product Development - The FLOKI Minibot M1 was co-developed with Rice Robotics, showcasing at the British Education Training and Technology Show in early 2026 [5][11] - Mint and Rice Robotics have formalized an agreement to deliver up to 800 units of the FLOKI Minibot M1 by the end of Q1 2026 [5] Market Strategy - The launch of the FLOKI Minibot M1 aligns with Mint's strategy to seize opportunities in the expanding "Physical AI" market [6] - Future enhancements for the FLOKI Minibot M1 are planned for sectors such as education, hospitality, and entertainment, broadening its commercial potential [4][6]
JioHotstar, with over 450 Million Subscribers, Renews Beamr Contract for Video at Scale
Globenewswire· 2026-02-25 14:05
Core Insights - JioHotstar has renewed its contract with Beamr Imaging Ltd., highlighting the importance of Beamr's technology in delivering high-quality video experiences at scale [1][2] Group 1: Company Overview - Beamr Imaging Ltd. (NASDAQ: BMR) specializes in video optimization technology and is recognized for its patented Content-Adaptive Bitrate (CABR) technology [1][4] - The company has established itself as a leader in content-adaptive video compression, with a client base that includes major media companies like Netflix and Paramount [4] Group 2: Technology and Benefits - Beamr's CABR technology allows JioHotstar to achieve 30%-50% reductions in storage and bandwidth costs while maintaining video quality [2][3] - The technology is designed to balance quality standards with operational efficiency, which is crucial for delivering media content to a large audience [3] Group 3: Market Position and Future Prospects - Beamr continues to renew contracts with major media and entertainment customers, indicating strong demand for its video solutions [3] - The company is advancing its offerings with innovative capabilities, including cost-effective 4K live streaming and AI-powered quality enhancements [3][5]
Totaligent Executes Binding LOI for Joint Venture and Acquisition of GloMed Solutions
Globenewswire· 2026-02-25 14:05
Core Insights - Totaligent, Inc. has entered into a binding Letter of Intent (LOI) with GloMed Solutions to form a joint venture that integrates Totaligent's Aetherium Medical platform into GloMed's operations, with a potential full acquisition of GloMed by Totaligent [1][3][8] Company Overview - Totaligent, Inc. specializes in intelligent business marketing data solutions and aims to expand in high-potential sectors, particularly in advanced biologics commercialization [12] - GloMed Solutions is a Japanese distributor of medical aesthetics and biologics products, generating approximately $10 million in annual revenue and $1 million in free cash flow [3][9] - Aetherium Medical serves as a bridge for biotech companies to connect with global patients through ethical medical tourism channels, focusing on AI-accelerated discovery [2][10] Joint Venture Details - The joint venture is expected to close around March 22, 2026, with Totaligent contributing the Aetherium platform and GloMed providing its infrastructure and expertise [4] - Revenue generated through the joint venture will be shared based on cost structures, and governance will include a three-member board from both companies [4][5] - Totaligent has a binding call option to acquire 100% of GloMed within one year after the joint venture closes, allowing for a smooth transition [4][5] Market Potential - The global biologics market is projected to reach approximately $650 billion by 2030, driven by advancements in AI-enabled therapies [7] - The medical tourism market is expected to grow significantly, with estimates ranging from $56 billion in 2026 to over $250 billion by 2034, particularly in APAC regions [7] Strategic Importance - This partnership positions Totaligent as a key player in the evolving biologics and medical tourism sectors, enabling rapid market entry and scaling for innovative therapies [1][6][8] - The collaboration aims to leverage Totaligent's marketing capabilities to target AI-biotech innovators and APAC clinics, accelerating the commercialization of biologics [6]
SoundHound AI Establishes New Innovation Hub in Bengaluru to Accelerate Global Agentic AI Expansion
Globenewswire· 2026-02-25 14:03
Core Insights - SoundHound AI, Inc. has opened a new innovation hub in Bengaluru, India, marking a significant milestone in its global expansion of agentic AI technology [1][2] - The Bengaluru hub is positioned to drive the next wave of innovation for SoundHound, coinciding with India's emergence as a global AI powerhouse [2] - SoundHound's technology enables seamless collaboration of AI agents across various customer touchpoints, powering millions of products and services worldwide [3][6] Company Expansion - The new office in Bengaluru adds to SoundHound's global footprint, which includes locations in major cities such as Beijing, Berlin, New York, and Toronto [4] - The Bengaluru hub is described as an innovation center aimed at enhancing human-to-AI interaction, reflecting the region's focus on digital transformation and intelligent automation [5] Industry Context - The opening of the Bengaluru hub aligns with the historic momentum of the Indian technology sector, reinforcing the country's role in the global AI landscape [2] - SoundHound's enterprise-grade solutions span multiple industries, including retail, healthcare, and automotive, showcasing its versatility and broad market reach [3][6]
IPG Photonics Announces Ruling in Unified Patent Court
Globenewswire· 2026-02-25 14:01
MARLBOROUGH, Mass.,, Feb. 25, 2026 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the global leader in fiber laser technology, announced today that the Local Division of the Unified Patent Court (UPC) located in Mannheim, Germany has issued a decision in a patent infringement case brought by Trumpf SE & Co. KG (“Trumpf”). The court ruled that certain designs of IPG’s adjustable mode beam (AMB) lasers used in welding and cutting applications infringed European Patent 2,951,625. The decision im ...
Wix to Participate in a Fireside Chat at the 2026 Cantor Global Technology & Industrial Growth Conference
Globenewswire· 2026-02-25 14:00
NEW YORK – – Wix.com Ltd. (NASDAQ: WIX), today announced that Wix management will participate in a fireside chat at the 2026 Cantor Global Technology & Industrial Growth Conference on Wednesday, March 11, 2026 at 4:10 pm ET. An archived replay will be available on Wix's investor relations website: https://investors.wix.com. About Wix.com Ltd.Wix is a leading global platform for creating, managing, and growing a complete digital presence. Founded in 2006, Wix empowers millions of users, including self-crea ...
El Pollo Loco Holdings, Inc. to Announce Fourth Quarter and Full Year 2025 Results on Thursday, March 12, 2026
Globenewswire· 2026-02-25 14:00
COSTA MESA, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (“El Pollo Loco”) (NASDAQ: LOCO) today announced that it will host a conference call to discuss its fourth quarter and full year 2025 financial results on Thursday, March 12, 2026, at 4:30 PM Eastern Time. Hosting the call will be Liz Williams, Chief Executive Officer, and Ira Fils, Chief Financial Officer. A press release with fourth quarter and full year 2025 financial results will be issued that same day, shortly after the ...