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New Earth Resources Becomes Member of the Critical Minerals Institute
Globenewswire· 2026-01-29 08:05
Vancouver, British Columbia, Jan. 29, 2026 (GLOBE NEWSWIRE) -- NEW EARTH RESOURCES CORP. (CSE: EATH) ("New Earth" or the "Company") is pleased to announce its membership in the Critical Minerals Institute (CMI), a global organization advancing knowledge, collaboration, and opportunity in the critical minerals sector. On Behalf of the Board of Directors "Lawrence Hay" President and CEO Tel: 778.317.8754 Email: info@newearthresourcescorp.com. Forward-Looking Information Certain statements in this news release ...
Kandi Technologies Enters into Strategic Cooperation with Qiji Energy, a Subsidiary of CATL
Globenewswire· 2026-01-29 08:01
Jinhua, China, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi Technologies") (NASDAQ GS: KNDI), a long renowned leader in all-electric personal transportation and utility vehicles, today announced that its wholly-owned subsidiary, China Battery Exchange (Zhejiang) Technology Co., Ltd. ("China Battery Exchange"), has entered into a three-year strategic cooperation agreement (the "Agreement") with Times Qiji Green Energy Technology (Shenzhen) Co., Ltd. ("Qiji Energy" ...
Inside information: Suominen launches three-year profitability improvement program and introduces new operating model and leadership team
Globenewswire· 2026-01-29 07:45
Core Viewpoint - Suominen Corporation is launching a three-year Full Potential Program aimed at improving profitability, targeting a 10% EBITDA by 2028 [1][5][6] Group 1: Full Potential Program - The Full Potential Program is designed to reset profitability and capture improvement opportunities across the organization [2][5] - The program will involve an estimated investment of approximately EUR 30 million over three years, with EUR 10 million allocated for transformation costs and EUR 20 million for capital expenditures to upgrade manufacturing capabilities [6] - The program aims for a leverage ratio of 2x–3x (net debt/EBITDA) by 2028 [6] Group 2: New Operating Model - A new functional operating model will be implemented effective February 1, 2026, focusing on strategic priorities and enhancing accountability [7][10] - The commercial functions will be consolidated to strengthen growth and ensure alignment between R&D and customer management [8] - The role of Chief Operating Officer (COO) will be expanded to oversee all factories, safety, manufacturing engineering, procurement, and supply chain [9] Group 3: Leadership Changes - Kimmo Raunio has been appointed as CFO effective June 1, 2026, bringing extensive experience in driving turnaround and performance improvement initiatives [11][12] - Markku Koivisto has been appointed Chief Commercial and Technology Officer, while Marika Väkiparta has been appointed Chief Strategy and Transformation Officer [12][17] - The leadership changes are aimed at facilitating the transformation and ensuring the company is well-positioned to execute its strategic initiatives [17] Group 4: Company Overview - Suominen manufactures nonwovens as roll goods for wipes and other applications, with net sales of EUR 412.4 million in 2025 and nearly 700 employees in Europe and the Americas [18]
Hiab’s financial statements review 2025 to be published on Thursday, 12 February 2026
Globenewswire· 2026-01-29 07:30
Core Viewpoint - Hiab Corporation will publish its financial statements review for 2025 on February 12, 2026, at 8:00 a.m. EET, with the report available on their website [1] Group 1: Financial Reporting - The financial statements review for 2025 will be published on February 12, 2026 [1] - The report will be accessible at www.hiabgroup.com after its publication [1] Group 2: Conference Details - A live international telephone conference for analysts, investors, and media will take place on the publishing day at 10:00 a.m. EET [2] - The conference will be presented by President and CEO Scott Phillips and CFO Mikko Puolakka [2] - Presentation materials will be available on the website by 9:30 a.m. EET [2] Group 3: Participation Information - Participants can register for the conference via a provided link to receive phone numbers and a conference ID [3] - The event will also be available as a live webcast, with a recording to be published later on Hiab's website [3] Group 4: Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with sales in 2024 totaling approximately EUR 1.6 billion [5] - The company employs over 4,000 people and has a global presence with 3,000 sales and service locations [5]
Suominen Corporation’s Financial Statements Release (unaudited) for January 1 – December 31, 2025: Unsatisfactory performance in a challenging environment
Globenewswire· 2026-01-29 07:30
Core Insights - Suominen Corporation reported unsatisfactory financial performance for the year 2025, with significant declines in net sales and profitability due to challenging market conditions and operational disruptions [1][2][7]. Financial Performance - In Q4 2025, net sales decreased by 19.6% to EUR 95.3 million compared to EUR 118.5 million in Q4 2024 [2][11]. - For the full year 2025, net sales were EUR 412.4 million, down 10.8% from EUR 462.3 million in 2024 [2][13]. - Comparable EBITDA for Q4 2025 was EUR 1.9 million, a decline from EUR 4.2 million in Q4 2024 [2][14]. - The full-year comparable EBITDA was EUR 12.6 million, down from EUR 17.0 million in 2024 [2][18]. - The company reported a loss for the period of EUR 12.1 million for 2025, compared to a loss of EUR 5.3 million in 2024 [20][19]. Operational Challenges - Two significant incidents at US facilities constrained supply capabilities, negatively impacting sales and profitability [7]. - The company faced increased import pressures as US customers sought alternative sources due to supply interruptions [7]. - Cash flow from operations improved to EUR 12.2 million in 2025, compared to EUR 3.9 million in 2024 [2][22]. Strategic Initiatives - Suominen executed strategic initiatives, including investments in a new production line in Alicante, Spain, aimed at enhancing sustainable product capabilities [8]. - A cost-saving program was launched targeting approximately EUR 10 million in benefits over 24 months, with steady implementation in the second half of 2025 [9]. - New products accounted for 24% of net sales in Q4 and 27% for the full year, indicating a focus on innovation [8]. Market Outlook - The nonwovens market is expected to continue its growth trajectory in 2026, with Suominen anticipating an improvement in comparable EBITDA compared to 2025 [3][10]. - The wipes segment is benefiting from the expansion of the moist toilet tissue category in the US, despite market dynamics being affected by excess capacity and global trade flow changes [5][6]. Sustainability Efforts - Suominen is committed to sustainability, aiming for over two-thirds of raw materials to be plant-based and focusing on reducing greenhouse gas emissions in line with the Paris Agreement [27][29]. - The company received a Gold Medal from EcoVadis, placing it in the top 2% of companies in its industry for sustainability performance [32].
Composition of Lassila & Tikanoja Plc’s Nomination Board
Globenewswire· 2026-01-29 07:25
Group 1 - Lassila & Tikanoja Plc's three largest shareholders are entitled to appoint representatives to the company's Nomination Board, based on the shareholder register as of January 14, 2026 [1][3] - Two groups of shareholders have agreed to appoint a joint representative to the Nomination Board, including Evald and Hilda Nissi Foundation and Bergholm Heikki as the first group, and Chemec Oy, CH-Polymers Oy, and several members of the Maijala family as the second group [2] - The representatives appointed to the Nomination Board include Juhani Lassila as Chairman and Jukka Leinonen, the Chairman of Lassila & Tikanoja Plc's Board of Directors, as the fourth member [3] Group 2 - The Nomination Board is responsible for preparing proposals for board members and board remuneration for the upcoming Annual General Meeting [4] - Lassila & Tikanoja is a leading Nordic circular economy company focused on waste management, recycling, and promoting sustainable material use, employing approximately 2,300 people in Finland and Sweden [5] - The company is listed on Nasdaq Helsinki and has significant shareholders including Evald and Hilda Nissi Foundation (approximately 11.5% of shares), Miikka Maijala (approximately 9.4% of shares), and Nordea Funds Ltd (approximately 6% of shares) [6]
Virtualware strengthens nuclear industry push with appointment of former CANDU Energy Chief Nuclear Engineer Stephanie Smith to its International Advisory Board
Globenewswire· 2026-01-29 07:05
Core Insights - Virtualware has appointed Stephanie Smith, a Canadian nuclear engineer with over 35 years of experience, to its international advisory board, effective immediately for the 2026 fiscal year [1][2]. Company Strategy - Smith's appointment is part of Virtualware's strategy to enhance its leadership in Virtual Reality applications within the nuclear energy sector [4]. - The company has been developing advanced training systems for nuclear plant operators in collaboration with GE Vernova Hitachi Nuclear Energy for eight years [5]. Industry Context - The nuclear energy industry is experiencing increased demand for clean, reliable baseload power, with major economies investing in new builds and life extensions of existing plants [7][8]. - According to the International Energy Agency, nuclear capacity is expected to reach record levels by 2025 [8]. Company Achievements - Virtualware's Fuel Movement Simulator, built on its proprietary platform VIROO, has received a Brandon Hall Group Gold award for Best Advance in Augmented and Virtual Reality [6]. - The company has achieved B Corp certification, highlighting its commitment to sustainable innovation and responsible growth [9]. Company Background - Founded in 2004, Virtualware serves various global organizations and institutions, including GE Vernova, Petronas, and the Spanish Ministry of Defense [10]. - The company acquired Swedish firm Simumatik in October 2024, expanding its capabilities in digital twin and simulation technologies [11]. - Virtualware is listed on Euronext Growth Paris and had a market capitalization of €32 million as of the last trading session [12].
Interim Results for the six months ended 31 October 2025
Globenewswire· 2026-01-29 07:00
Core Insights - Scancell Holdings plc has provided a business update and unaudited financial results for the six-month period ending October 31, 2025, highlighting advancements in its cancer immunotherapy products and financial performance [1]. Product Development - The lead product, iSCIB1+, demonstrated a 74% progression-free survival (PFS) at 16 months in a Phase 2 trial for advanced melanoma, showing a 24% improvement over standard care [6][16]. - The FDA has cleared an Investigational New Drug (IND) application for a Phase 3 trial of iSCIB1+ in advanced melanoma, with PFS as the primary endpoint [6][12]. - Modi-1, another candidate, is showing promise in a Phase 2 study for squamous cell cancer of the head and neck and renal cell carcinoma, with data readouts expected in H1 2026 [6][20]. - GlyMab Therapeutics Limited has been established as a subsidiary to focus on antibody assets, with positive scientific advice received for the lead antibody product, SC134, targeting small cell lung cancer [6][21]. Financial Performance - The operating loss for the six months ended October 31, 2025, was £8.9 million, an improvement from a loss of £10.5 million in the same period in 2024 [5][23]. - Research and development expenditure decreased to £6.1 million from £8.0 million in 2024, primarily due to reduced manufacturing costs [24]. - The cash balance at October 31, 2025, was £8.6 million, down from £16.9 million at April 30, 2025, with a cash runway extending to H2 2026 [10][26]. Strategic Outlook - The company plans to initiate a global Phase 3 registrational study for iSCIB1+ in 2026, with potential commercialization anticipated in 2029 [6][7]. - Continued discussions for partnerships regarding iSCIB1+ and the ImmunoBody platform are ongoing, with a focus on optimizing shareholder value [8][12]. - The company is exploring further financing options to support the Phase 3 trial and other development initiatives [8][12].
JDE Peet’s launches Nature Transition Plan to advance regenerative agriculture and deforestation-free coffee supply chains
Globenewswire· 2026-01-29 07:00
Core Insights - JDE Peet's has launched its Nature Transition Plan, 'Grounded in Nature', aimed at protecting ecosystems and ensuring the long-term viability of coffee production [1][2] Sustainability Commitments - The Nature Transition Plan is the first of its kind in the food and beverage sector, fully aligned with the TNFD framework, Global Biodiversity Framework, and Science-Based Targets for Nature [2] - The plan aims to transform sustainability commitments into measurable actions, ensuring coffee supply chains contribute to global nature-positive goals while maintaining sourcing diversity [3] Specific Goals - The plan includes initiatives to drive collective action against deforestation, expand regenerative coffee farming practices to an additional 200,000 hectares by 2030, and achieve 100% responsibly sourced green coffee by 2028, building on the 83.2% achieved in 2024 [7] - JDE Peet's employs a framework of 'Assess, Address, Progress' to implement its strategies, focusing on rigorous supply chain mapping, targeted farmer programs, and transparent measurement [7] Production Archetypes - The company identifies three coffee production archetypes to tailor its nature-related strategies: high-yield systems in Brazil & Vietnam, medium-yield systems in Latin America, and low-yield systems in East Africa & Indonesia [7] - JDE Peet's sources approximately 8% of the world's green coffee and has achieved 100% responsibly sourced green coffee in major markets like Europe and the US as of 2024 [7] Common Grounds Program - The Common Grounds program has reached nearly 1 million farmers in 29 countries since 2015, focusing on responsible sourcing, minimizing environmental footprint, and promoting community engagement [10]
Aedifica NV/SA – Publication of the Prospectus for Aedifica’s Exchange Offer for all Cofinimmo shares
Globenewswire· 2026-01-29 06:30
Group 1 - The article does not provide specific financial data or insights regarding Aedifica or the industry [1]