BioRestorative Expands Global Protection for ThermoStem®, a Potentially Longer-Lasting and Safer Cell-Based Alternative to GLP-1 Drugs
Globenewswire· 2026-02-24 13:30
Core Viewpoint - BioRestorative Therapies, Inc. has received patent approval in Australia for its innovative ThermoStem technology, which utilizes brown adipose-derived stem cells to address obesity and metabolic disorders, enhancing its competitive position in the regenerative medicine market [1][2][3] Group 1: Patent Approval and Technology - The Australian government has allowed Patent Application No. 2020265664, providing broad protection for BioRestorative's ThermoStem technology [1] - The patent covers a method for creating non-naturally occurring three-dimensional brown adipose-derived stem cell aggregates [1] - This patent strengthens BioRestorative's position in developing alternatives to GLP-1 drugs, which are rapidly growing in the therapeutic market [2][3] Group 2: Company Overview and Programs - BioRestorative focuses on developing therapeutic products using adult stem cells, with two main clinical programs targeting disc/spine disease and metabolic disorders [4] - The Disc/Spine Program includes BRTX-100, a cell therapy candidate for treating chronic lower back pain, currently in Phase 2 clinical trials [4] - The Metabolic Program, ThermoStem, aims to utilize brown adipose-derived stem cells to generate brown adipose tissue, which may enhance metabolic health and aid in weight loss [5] Group 3: BioCosmeceuticals - BioRestorative operates a BioCosmeceutical platform, offering a proprietary biologic serum designed to improve cosmetic appearance by reducing fine lines and wrinkles [6][7] - The company plans to expand its product offerings in the BioCosmeceuticals space through IND-enabling studies, aiming for FDA approvals [7]
HeartCore Authorizes $2.0 Million Share Repurchase Program as Part of Disciplined Capital Allocation Strategy
Globenewswire· 2026-02-24 13:30
NEW YORK and TOKYO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (NASDAQ: HTCR) (“HeartCore” or the “Company”), an IPO consulting services company based in Tokyo, today announced that its Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $2.0 million of its outstanding shares of common stock. The Board’s decision reflects management’s view regarding the Company’s current valuation and long-term capital allocation priorities. As o ...
ARKO Corp Introduces $3, $4, $5, and $6 Value Meal Deals
Globenewswire· 2026-02-24 13:30
RICHMOND, Va., Feb. 24, 2026 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO), a Fortune 500 company and one of the largest convenience store operators in the United States, is proud to introduce a new value‑driven meal deal strategy across all stores that sell Hot and Cold grab n go food including the recently launched fas craves concept. Since January, customers have been enjoying flavorful, value-driven meal deals available at $3, $4, $5, and $6. These meal deals will continue as a key component of the comp ...
Sompo Completes Acquisition of Aspen
Globenewswire· 2026-02-24 13:29
Transaction diversifies and strengthens global insurance and reinsurance platform Aspen Class A ordinary shares delisted from NYSE TOKYO and HAMILTON, Bermuda, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Sompo Holdings, Inc. (“Sompo” or the “Company”) (Stock Code: 8630, TSE Prime Market) announced today that a wholly owned subsidiary of Sompo International Holdings Ltd. (“SIH”) has successfully completed the acquisition of Aspen Insurance Holdings Limited (“Aspen”) through the purchase of 100% of the issued Class A o ...
Presidio Enters into Letter of Intent to Acquire Producing Assets for $80 Million
Globenewswire· 2026-02-24 13:20
Core Viewpoint - Presidio Investment Holdings LLC is set to acquire producing assets in the Arkoma Basin for $80 million, which is expected to enhance its annual dividend to $1.50 per share and generate levered returns exceeding 20% [1][2][3] Acquisition Details - The acquisition will be funded through cash on hand, a Goldman Sachs ABS Warehouse Facility, and approximately $20 million of Presidio equity provided to the seller [2] - The anticipated completion of the acquisition is expected in the second quarter of 2026, pending due diligence and board approval [2][10] Business Strategy - This acquisition is part of Presidio's strategy to grow as a public company by acquiring and optimizing mature oil and gas assets, aiming for ambitious returns [3][6] - The company focuses on low operating costs, minimal capital expenditures, and returning cash to shareholders, contrasting with traditional operators [6] Production and Financial Metrics - The acquisition includes 56 producing wells with a net production of approximately 22.6 million cubic feet equivalent per day (Mmcfe/d), consisting of 70% gas and 30% natural gas liquids (NGLs) [8] - The expected decline rate is 12%, with a projected year one free cash flow yield of 23% and net proved developed producing (PDP) reserves of approximately 100 billion cubic feet equivalent (Bcfe) [8] Management Insights - Management emphasizes the acquisition as a key step in their growth strategy, focusing on entering new basins for consolidation and optimization [7][9] - Vortus Investments, the seller, expresses confidence in Presidio's strategy and management team, indicating a long-term belief in the value of mature, producing assets [9]
ADT, Origin AI and Verisure Sign Long-Term Commercial Agreement to Scale AI-Driven Security
Globenewswire· 2026-02-24 13:16
Core Viewpoint - A five-year renewable commercial agreement has been established between ADT, Origin AI, and Verisure to enhance the global deployment of Origin AI's AI sensing technology, following ADT's acquisition of Origin AI [1][3]. Group 1: Agreement Details - The agreement allows Verisure to continue licensing Origin AI's proprietary AI sensing technology, which it has utilized for the past five years [2][3]. - Key terms include long-term rights to specific AI sensing use cases, provisions for securing rights beyond the current agreement, defined exclusivity in professionally monitored security in Europe and Latin America, and ongoing collaboration for AI model performance enhancement [3]. - The agreement is valued at $30 million over five years for development services, in addition to a per-household activation fee [3]. Group 2: Technology Overview - AI sensing technology enables the detection and verification of human presence and contextual in-home activity without relying on cameras, improving alarm verification and reducing false alarms [4]. - The technology supports expanded use cases in smart aging and occupancy intelligence [4]. Group 3: Strategic Importance - The partnership is expected to accelerate the deployment of AI-driven protection across millions of professionally monitored homes, reflecting the global scalability of the AI sensing platform [5]. - Verisure's Chief Technology Officer emphasized the strategic and financial advantages of collaborating with Origin AI while maintaining control and exclusivity in their markets [5]. Group 4: Company Backgrounds - ADT is a leading provider of security solutions in the U.S., serving over 6 million customers and recognized as one of the largest residential security providers in North America [12]. - Origin AI specializes in AI-enabled WiFi sensing technology, focusing on security through its TruShield™ Security for Verified Human Presence™ detection [13]. - Verisure is a leading provider of professionally monitored security services in Europe and Latin America, protecting approximately 6.2 million families and small businesses [14].
Ocean Power Technologies Receives Approximately $1.5 Million U.S. Coast Guard Order for Installation and Deployment of Operational Buoy Systems
Globenewswire· 2026-02-24 13:15
Core Insights - Ocean Power Technologies, Inc. has received a Purchase Order of approximately $1.5 million from the United States Coast Guard for the installation and deployment of buoy systems [1] - This order is expected to contribute to near-term revenues as installation and deployment activities commence, supporting the Department of Homeland Security's maritime security missions [2][5] Group 1: Order Details - The Purchase Order completes the acquisition cycle and enables the near-term fielding of the systems [2] - Under the scope of work, the company will execute deployment, commissioning, and operational activation to ensure the systems are fully integrated and mission-ready [3] Group 2: Strategic Focus - The company is expanding its focus on defense and security, allowing for deeper engagement with customers and a better understanding of their mission challenges [4] - This strategic emphasis aligns with the updated doctrine of the U.S. Department of Homeland Security and the U.S. Department of Defense to strengthen Homeland Defense [4] Group 3: Product Offerings - Ocean Power Technologies provides intelligent maritime solutions and services for various markets, including defense and security, oil and gas, science and research, and offshore wind [6] - The company's PowerBuoy® platforms offer clean and reliable electric power and real-time data communications for remote maritime and subsea applications [6]
ADT Acquires Origin AI to Power AI Sensing and Ambient Intelligence for the Home
Globenewswire· 2026-02-24 13:15
Core Insights - ADT Inc. has acquired Origin Wireless, Inc. to enhance its smart home solutions with AI-driven sensing technology [1][6] - The integration of Origin AI's platform is expected to improve home safety and create new use cases by providing better understanding of motion and occupancy without the need for cameras or wearables [2][4] Acquisition Details - The acquisition cost was $170 million in cash, subject to customary adjustments [6] - Origin Wireless brings over 200 global patents, which will support future security and smart home capabilities [3] Technology Impact - Origin AI's technology will reduce false alarms and improve coordination with first responders by providing real-time understanding of presence and activity within homes [4] - The technology also enables smarter automation and personalization, with applications in comfort settings and health solutions [4] Strategic Vision - ADT aims to transform traditional security measures into a proactive system that understands context and recognizes risks, enhancing customer privacy [3][6] - The company plans to commercialize new offerings incorporating Origin's technology by 2027 [6] Future Outlook - ADT will discuss the acquisition and its broader strategy during its earnings call on March 2, 2026 [7]
Warner Bros. Discovery Confirms Receipt of Revised Proposal from Paramount Skydance
Prnewswire· 2026-02-24 13:15
company's plans, objectives, expectations and intentions, statements about the tender offer and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the management of WBD and Netflix and are subject to significant risks and uncertainties outside of our control.Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: (1) the completion of the proposed ...
Beam Global and HEVO Inc. Launch Market-Ready Autonomous Charging Platform for Autonomous Vehicles
Globenewswire· 2026-02-24 13:10
Core Insights - Beam Global and HEVO Inc. have launched an integrated autonomous wireless charging system for electric vehicles, utilizing Beam's solar-powered EV ARC™ infrastructure and HEVO's Rezonant™ wireless charging technology, aimed at the autonomous vehicle sector and commercial electric vehicle fleets [1][2][3] Group 1: Technology and Product Offering - The integrated solution combines HEVO's wireless charging hardware and software with Beam's off-grid EV ARC™ systems, enabling automated charging without the need for human intervention [2][5] - The system is designed for rapid deployment and is already generating interest from various sectors, including AV operators and government agencies in the U.S. and UAE [1][3][6] - Key features include hands-free charging, compatibility with any AV or EV, and significant cost reductions by avoiding construction and utility connections [10] Group 2: Market Context and Growth Potential - The U.S. policy environment is becoming more favorable for AV deployment, with support from the Trump administration for streamlined permitting and reduced regulatory barriers [4] - The UAE's AV market is projected to reach approximately $2.7 billion by 2030, with a compound annual growth rate of 19.2% from 2025 to 2030, indicating strong demand for scalable AV charging solutions [4] Group 3: Strategic Collaboration and Future Plans - Beam Global and HEVO are advancing commercial rollouts and will conduct joint demonstrations to showcase the capabilities of their integrated platform [3][6] - The collaboration aligns with both companies' global growth strategies and aims to enhance the adoption of autonomous mobility solutions [5][6]