VenHub Appoints Former Amazon Executive, Ian Rasmussen, to Spearhead Nationwide Smart Store Expansion with Focus on Strategic Partnerships and Enterprise Integrations
Globenewswire· 2026-02-02 12:30
Core Insights - VenHub Global, Inc. has appointed Ian Rasmussen as Executive Vice President of Global Expansion and Partnerships to drive commercial growth strategies and enterprise integrations [1][2] - The company focuses on deploying its modular, unattended Smart Stores across North America, emphasizing the reality of unattended retail technology [3] Group 1: Leadership and Strategy - Ian Rasmussen brings nearly two decades of experience in digital transformation within retail operations, previously working at Amazon Web Services [1][3] - His role includes driving revenue growth through enterprise partnerships and scalable go-to-market execution across key verticals [2][3] - The CEO of VenHub, Shahan Ohanessian, highlighted the importance of operational readiness and commercial discipline in achieving growth goals [3] Group 2: Technology and Operations - VenHub Smart Stores operate 24/7 without on-site staff, utilizing robotics, automation, and mobile technology for secure, unattended shopping [5][6] - Each store is stocked with hundreds of everyday essentials, providing fast and convenient access for customers [5] - The company aims to modernize retail experiences and extend its reach through strategic partnerships [5][4] Group 3: Industry Impact - Rasmussen has a history of working with major global brands, advising on connected retail and automation strategies [4] - The company is positioned to address challenges in retail innovation, with its Smart Stores already operational in real environments [5][3] - VenHub's technology is seen as a practical solution for national brands looking to enhance their customer experience [5]
AccuTrade Launches a Single Solution for Smarter Appraisals and Inventory Management
Prnewswire· 2026-02-02 12:30
Core Insights - AccuTrade has launched a new Inventory Management System (IMS) designed to enhance gross profit in the used-car sector by providing precise appraisals and integrated solutions for dealers [1][2][3] Group 1: Technology Features - The AccuTrade IMS offers instant online visibility and a streamlined process from acquisition to retail or wholesale, integrating with Cars.com, Dealer Inspire, and DealerClub [1][3] - New features include AI-powered vehicle descriptions, real-time inventory updates, and automated SMS texting for service lane acquisitions [4][5] - The system utilizes a precise appraisal engine that provides VIN-specific deductions and real-time competitive data, eliminating manual guessing [5] Group 2: Risk Management and Profitability - AccuTrade IMS evaluates vehicles based on risk rather than age, using a proprietary intelligence score that considers factors like vehicle pedigree and projected days on market [5] - The platform offers profit forecasting at the VIN level, allowing dealers to make informed decisions on retail versus wholesale strategies [5] - Built-in accountability features provide insights into appraisal efficiency and gross profit, enabling dealerships to measure effectiveness [5] Group 3: Market Opportunity - The used-car market presents significant profitability opportunities in 2026, and AccuTrade aims to equip dealers with the necessary tools to capitalize on this potential [3] - The connected workflow of AccuTrade IMS maximizes efficiency by allowing dealers to manage all aspects of vehicle appraisal, pricing, and merchandising on a single platform [5]
Wave Life Sciences Announces Plans to Accelerate Regulatory Engagement with Full Control of WVE-006 for Alpha-1 Antitrypsin Deficiency
Globenewswire· 2026-02-02 12:30
Core Insights - Wave Life Sciences has regained full rights to WVE-006, an investigational RNA editing therapeutic for alpha-1 antitrypsin deficiency (AATD), from GSK, allowing the company to advance its development strategy independently [1][2] - The company plans to engage with the FDA regarding a potential accelerated approval pathway for WVE-006, with regulatory feedback expected by mid-2026 [1][2] - Wave anticipates data from the 400 mg multidose cohort of the RestorAATion-2 clinical trial in the first quarter of 2026, with additional data from the 600 mg cohorts expected later in 2026 [1][2] Company Developments - Wave Life Sciences is focused on RNA medicines and has a diversified pipeline that includes clinical programs for AATD, obesity, Duchenne muscular dystrophy, and Huntington's disease [6] - The company has a strong cash runway, expecting to fund operations into the third quarter of 2028, not including potential future milestone payments from its collaboration with GSK [4] - Wave's collaboration with GSK continues to expand, with a fourth program selected for advancement, potentially leading to up to $2.8 billion in milestone payments and tiered royalties [3] Clinical Trial Progress - WVE-006 has shown promising interim data, achieving key treatment goals for AATD, including significant AAT production during acute phase response [2] - The ongoing RestorAATion-2 clinical trial is on track, with data from the 400 mg cohort expected in early 2026 and further data from the 600 mg cohort anticipated later that year [1][2]
Society Pass Incorporated, NusaTrip Incorporated and Gorilla Form Exclusive eSIM Partnership in Projected US$8.7 Billion Travel eSIM Market
Globenewswire· 2026-02-02 12:30
Core Insights - NusaTrip has entered into an exclusive strategic technology partnership with Gorilla Networks to enhance its eSIM connectivity offerings within the travel sector [1][2][3] Group 1: Partnership Details - Gorilla will serve as NusaTrip's exclusive global eSIM connectivity platform, facilitating the development and operation of NusaTrip's white-label eSIM products [2][3] - The partnership aims to position eSIM connectivity as a core, monetizable layer within the travel booking experience, enhancing customer experience and creating new revenue streams [3] Group 2: Market Potential - The global travel eSIM market is projected to grow from US$1.8 billion in 2025 to US$8.7 billion by 2030, indicating a 380% revenue growth driven by increasing consumer and business travel [2] - Factors contributing to this growth include decreasing costs, improved device compatibility, and ongoing product innovation [2] Group 3: NusaTrip Overview - NusaTrip is an integrated travel technology platform with over 500 airlines and 650,000 hotels globally, and it is the first Indonesian OTA to receive IATA accreditation [9] - The company focuses on acquiring offline travel agencies to enhance its growth strategy and expand its market presence in Southeast Asia and the Asia-Pacific region [10] Group 4: Gorilla Networks Overview - Gorilla Networks specializes in providing eSIM solutions and aims to simplify connectivity for travelers by eliminating the complexities associated with traditional SIM cards [11]
Winshear Gold Announces $2,500,000 Private Placement
Globenewswire· 2026-02-02 12:30
Core Viewpoint - Winshear Gold Corp. is conducting a non-brokered private placement to raise $2,500,000 for its Portsoy project and general working capital [2][3]. Group 1: Private Placement Details - The company is offering 25,000,000 Units at a price of $0.10 per Unit, with each Unit consisting of one common share and one half of a common share purchase warrant [2]. - Each full warrant allows the holder to purchase one common share at a price of $0.20 for a period of 36 months from the closing date [2]. - Finder's fees of up to 6% cash and a 6% warrant will be paid, with terms similar to the Unit warrants [2]. Group 2: Use of Proceeds - Proceeds from the private placement will be allocated to a drill program at the Portsoy project in Scotland and for general working capital [3]. Group 3: Regulatory and Compliance Information - The completion of the private placement is subject to approval from the TSX Venture Exchange [3]. - All securities issued will be subject to a hold period of four months and one day from the date of issuance [3]. Group 4: Company Overview - Winshear Gold Corp. is a Canadian-based minerals exploration company with projects in Scotland (Portsoy Project) and Ontario (Thunder Bay Project) [4].
Base Carbon Announces First CORSIA-Eligible Tagged Credits and Sales
Globenewswire· 2026-02-02 12:30
Core Insights - Base Carbon Inc. has achieved full eligibility and tagging for its Rwanda Cookstoves Project under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), marking a significant milestone for the company [1][2] - The project is among the first globally to receive CORSIA-eligible designation, allowing for immediate sales in the global aviation carbon offsetting markets, with demand for Phase 1 of CORSIA estimated to reach between 146 to 236 million credits [2] - The company has contracted 300,537 CORSIA-eligible credits for sale, representing its first monetization of these credits, with financial settlements expected in the coming weeks [3] Company Operations - Base Carbon's Rwanda project partner, DelAgua Group, completed necessary technical requirements for CORSIA eligibility, including migrating to the latest methodological standard and securing insurance coverage [2] - Prior to sales, Base Carbon held 1,076,230 VM0050 Rwanda carbon credits, which now includes 733,874 CORSIA-eligible credits and 342,356 VM0050 credits included in Rwanda's first Biennial Transparency Report [4] - The company anticipates regular carbon credit issuances on a biannual basis following a methodological update last fall [4] Market Positioning - The CEO of Base Carbon emphasized that CORSIA tagging is a key validation milestone for the company's strategy, and initial sales confirm the business model and asset positioning [5] - With increasing demand from global airlines and limited supply of eligible credits, the company is well-positioned to capture value through expanded monetization opportunities as the CORSIA market matures [5] - Base Carbon aims to be a preferred partner in the global voluntary carbon markets, providing capital and management resources to carbon removal and abatement projects [6]
Stoneridge Completes Strategic Review with Sale of Control Devices Segment
Prnewswire· 2026-02-02 12:30
Core Viewpoint - Stoneridge, Inc. has completed the sale of its Control Devices segment to Center Rock Capital Partners for a base purchase price of $59 million, aiming to strengthen its balance sheet and focus on core growth platforms in Electronics and Brazil [1][2][3]. Financial Impact - The net cash proceeds from the sale will be used to repay debt and enhance the company's financial position [2]. - The transaction is expected to allow Stoneridge to amend its existing credit facility, facilitating a more appropriate capital structure post-transaction [4]. Strategic Focus - The sale is part of Stoneridge's long-term strategy to concentrate on technology solutions for global commercial vehicles and off-highway markets, specifically in Vision and Safety, Connectivity, and Vehicle Intelligence and Electronic Controls [3][4]. - The company anticipates continued growth in its Vision and Safety systems, including products like MirrorEye®, and plans to introduce new technologies to enhance vehicle safety and efficiency [4]. Growth Opportunities - Stoneridge is experiencing record business wins in its core growth platforms, particularly in Electronics and Stoneridge Brazil, which is becoming a critical engineering center for the company [3][4]. - The company aims to leverage its global relationships and technology to drive growth that outpaces its end markets, thereby creating shareholder value [4]. Future Plans - Stoneridge will host a conference call to discuss its fourth quarter and full-year 2025 results, providing further insights into its strategic direction and financial performance [5][6].
Noble Corporation plc to announce fourth quarter and full year 2025 results
Prnewswire· 2026-02-02 12:30
HOUSTON, Feb. 2, 2026 /PRNewswire/ -- Noble Corporation plc ("Noble" or the "Company") (NYSE: NE) today announces plans to report financial results for the fourth quarter and full year 2025 on Wednesday, February 11, 2026 after the U.S. market close. The Company's earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com. Noble will host a conference call related to its fourth quarter and full year 2025 results on Thursday, February 12, 2026 a ...
Huntington Bank Completes Merger with Cadence Bank, Expanding Presence Across Texas and the South
Prnewswire· 2026-02-02 12:30
Core Insights - Huntington Bancshares has successfully completed its merger with Cadence Bank, enhancing its market position in Texas and Mississippi [1][2][3] - The merger positions Huntington as the eighth-largest bank in Texas and the leading bank in Mississippi by deposit market share [2][3] - The combined entity now holds approximately $279 billion in assets, $221 billion in deposits, and $187 billion in loans as of December 31, 2025 [3] Company Growth and Strategy - The merger is seen as a strategic partnership that will accelerate Huntington's growth initiatives in high-growth markets across Texas and the South [2][3] - Huntington plans to maintain Cadence's existing branch network of 390 locations without closures and aims to invest in its growth over time [3][6] - The integration of Cadence's customers into Huntington's systems is expected to occur in mid-2026, with detailed information to be provided to customers in the coming weeks [6] Board of Directors Changes - Following the acquisition, Huntington's Board of Directors has appointed three new members, all former directors of Cadence Bank [4][5][6] - The new board members include James D. "Dan" Rollins III, Virginia Hepner, and Alice Rodriguez, each bringing extensive banking and leadership experience [4][5][6] - The addition of these directors is expected to complement Huntington's existing board and support its strategic vision [6] Company Overview - Huntington Bancshares is a regional bank holding company with $279 billion in assets, headquartered in Columbus, Ohio [7] - The company provides a comprehensive suite of banking, payments, wealth management, and risk management products and services [7] - Huntington operates nearly 1,400 branches across 21 states, enhancing its geographical reach and service capabilities [7]
Court Ruling Upholds V2X's T-6 COMBS Award
Prnewswire· 2026-02-02 12:30
Core Insights - V2X, Inc. is resuming work on the $4.3 billion T-6 Contractor Operated and Maintained Base Supply (COMBS) contract after the U.S. Court of Federal Claims upheld the Air Force's selection of V2X, confirming that its proposal was the best solution for the mission [1][2][3] Group 1: Contract Details - The T-6 COMBS contract provides supply support for T-6 aircraft to meet the daily flight schedules of the U.S. Air Force, Navy, and Army [2] - V2X was initially awarded the contract in July 2025, but work was halted due to a formal protest [2] - The contract's period of performance extends through July 2034 [4] Group 2: Company Statements and Commitment - The decision by the U.S. Court of Federal Claims validates the government's confidence in V2X and reconfirms the value of its offering for the T-6 program [3] - V2X's leadership expressed readiness to deliver on commitments to excellence, reliability, and mission support [3] - The company is coordinating closely with the Air Force to ensure a seamless restart process and is committed to safety, efficiency, and high-quality standards [3] Group 3: Company Overview - V2X builds innovative solutions that integrate physical and digital environments, enhancing readiness and optimizing resource management [5] - The company employs approximately 16,000 professionals and leverages AI and machine learning capabilities to address challenges across various operational domains [5]