OMS Energy Technologies Inc. to Share Strategic Insights at the Third Annual ORY APAC-US Conference on Long-Term Growth
Globenewswire· 2025-07-03 10:00
Core Insights - OMS Energy Technologies Inc. CEO How Meng Hock will participate in a leadership panel at the Third Annual ORY APAC-US Conference on July 8-9, 2025, in Singapore [1][2] - The panel session is titled "The Long Game: Building Businesses with Staying Power," focusing on navigating economic cycles and delivering sustainable long-term value [2] Company Overview - OMS, founded in 1972, has established itself as a trusted partner in key energy markets across Asia Pacific, MENA, and West Africa [3] - The company has been led by CEO How Meng Hock since 2014 and successfully listed on Nasdaq in May 2025, continuing to accelerate growth through strong operational capabilities [3] - OMS is committed to deepening customer relationships and investing in advanced manufacturing and R&D to drive innovation and sustainable growth [3][5] Conference Details - The conference is co-hosted by Ortoli Rosenstadt LLP and the Nasdaq Stock Market, serving as a platform for global collaboration on innovation and capital market strategy [4] - It brings together financial professionals, investors, and corporate leaders for high-level discussions and strategic networking [4]
Ragnarok Zero Official Launching in Taiwan, Hong Kong and Macau on July 3, 2025
Globenewswire· 2025-07-03 10:00
Seoul, South Korea, July 03, 2025 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that GRAVITY Communications Co., Ltd., Gravity's wholly-owned subsidiary, has officially launched Ragnarok Zero (Chinese Title: RO仙境傳說Online:樂園), an MMORPG PC game, in Taiwan, Hong Kong and Macau on July 3, 2025. Ragnarok Zero is a game based on the original Ragnarok Online universe, designed to recapture the nostalgic sentiment a ...
ECARX white paper shows 50+% reduction in integration time for Google's world-leading GAS automotive application suite
Globenewswire· 2025-07-03 09:00
Core Insights - ECARX Holdings Inc. has released a white paper detailing the integration of Google Automotive Services (GAS) into its infotainment systems for Volvo EX30 and Polestar 4 vehicles, highlighting a significant reduction in integration time [1][2][7] Group 1: Google Automotive Services Integration - GAS is built on Android Automotive OS and provides essential services like Google Maps, Google Play Store, and Google Assistant, enhancing in-vehicle experiences [2][3] - The integration process typically requires 12-18 months for GAS certification, but ECARX has managed to halve this time through a proactive, test-driven approach [4][5] - The first GAS certification for the Volvo EX30 was completed in 10 months, while the second for the Polestar 4 was achieved in just 8 months [7] Group 2: Technical Innovations - ECARX utilized a dedicated "test farm" to run over 1.6 million automatic test cases, allowing for rapid identification and resolution of issues [6] - The integration of the xTS suite into CI/CD pipelines enabled immediate detection of potential regressions, streamlining the certification process [6] Group 3: Company Overview - ECARX is a global automotive technology provider, offering full-stack solutions for next-generation smart vehicles, including system on a chip (SoC) and central computing platforms [10] - Founded in 2017 and listed on Nasdaq in 2022, ECARX employs over 1,800 people across 12 locations worldwide and has products in over 8.7 million vehicles [11]
HUTCHMED to Announce 2025 Half-Year Financial Results
Globenewswire· 2025-07-03 08:30
Core Points - HUTCHMED will announce its interim results for the six months ended June 30, 2025, on August 7, 2025, at 7:00 am EDT [1] - The company will host two webcast presentations for analysts and investors to discuss the interim results, with the English session at 8:00 am EDT and the Chinese session at 8:30 am HKT on August 8, 2025 [2] - Both webcasts will be available live on the company website, with a replay accessible shortly after the events [3] Company Overview - HUTCHMED is an innovative, commercial-stage biopharmaceutical company focused on the discovery, global development, and commercialization of targeted therapies and immunotherapies for cancer and immunological diseases [4] - The company has successfully marketed its first three medicines in China, with the first also approved globally, including in the US, Europe, and Japan [4]
Share Buyback Transaction Details June 26 – July 2, 2025
Globenewswire· 2025-07-03 08:00
Core Insights - Wolters Kluwer has repurchased 221,906 ordinary shares for €31.3 million at an average price of €141.21 from June 26 to July 2, 2025, as part of a larger buyback program aimed at repurchasing up to €1 billion in 2025 [2][3]. Share Buyback Program - The cumulative shares repurchased in 2025 to date amount to 3,475,056, with a total consideration of €533.6 million and an average share price of €153.54 [3]. - The company has engaged third parties to execute €350 million of buybacks from May 8, 2025, to July 28, 2025, in compliance with relevant laws and regulations [3]. Treasury Shares and Regulatory Compliance - Shares repurchased are held as treasury shares and will be used for capital reduction through share cancellation [4]. - As of June 30, 2025, the number of treasury shares held exceeded the notification threshold of 3% of the issued capital, totaling 7,164,343 shares [4]. Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion in 2024 and operates in over 40 countries, employing approximately 21,900 people [7]. - The company is a leader in professional information solutions, software, and services across various sectors, including healthcare, tax, accounting, and legal [6]. Stock Information - Wolters Kluwer shares are listed on Euronext Amsterdam and included in major indices such as AEX and Euro Stoxx 50 [8].
New Willis survey highlights changing global trends in cyber risk strategy for directors and officers
Globenewswire· 2025-07-03 08:00
Core Insights - Data loss and cyber-attacks are identified as two of the top three risks to directors and officers according to the Cyber Directors' and Officers' Survey Report by Willis [1][2] Group 1: Survey Overview - The survey included responses from various sectors, with the services sector representing 24% and finance and insurance 19%, predominantly from for-profit, private companies [2][4] - Great Britain identified cyber-attacks (excluding cyber extortion) as the top risk, while North America and the Middle East ranked data loss as their primary concern [2] Group 2: Risk Perception Changes - Despite increased awareness of cyber-attacks, the risk ranking for cyber-attacks decreased by 2% from 2024 to 2025 [3] - Adrian Ruiz emphasized the importance of a strong cyber security culture and proactive strategies to manage evolving threats [3] Group 3: Cybersecurity Practices - The frequency of board updates on cyber security improved, with only 12% updating in response to incidents, down from 20% in the previous year [6] - Monthly updates to boards increased from 18% to 28% between 2024 and 2025 [6] - 80% of respondents have implemented a cyber incident response plan, with over two-thirds having conducted an incident response exercise in the past year [6] Group 4: Preparedness and Budgeting - 65% of respondents feel well prepared to manage a cyber incident, an increase from 56% in 2024 [6] - Cyber security budgets are expected to increase in 2025, but at a lower rate than in 2024 (56% vs. 63%) [6] Group 5: Cyber Insurance - Cybersecurity risks are considered the most important aspect of directors' and officers' liability insurance coverage, with 53% of respondents having cyber insurance and 18% planning to purchase it within the next two years [6]
Suominen has signed a credit facility agreement
Globenewswire· 2025-07-03 08:00
Group 1 - Suominen Corporation has entered into a EUR 50 million term loan and a EUR 50 million revolving credit facility agreement with a maturity of three years and a one-year extension option [1][2] - The new credit facility replaces the existing EUR 100 million syndicated revolving credit facility [2] - The lenders for the new facility are Danske Bank A/S and Nordea Bank Abp, and it includes leverage ratio and gearing as financial covenants [1] Group 2 - Suominen manufactures nonwovens for wipes and other applications, aiming to be a leader in nonwovens innovation and sustainability [3] - The company's net sales in 2024 were EUR 462.3 million, and it employs over 700 professionals in Europe and the Americas [3] - Suominen's shares are listed on Nasdaq Helsinki [3]
THEON receives a new order from a Northern European country for the thermal clip-on IRIS -C and swiftly converts soft backlog to hard backlog
Globenewswire· 2025-07-03 07:30
Group 1 - Theon International Plc (THEON) has received a significant order for thermal clip-ons IRIS-C from a long-standing customer for their Special Forces, indicating strong demand for its products in Q3 [1][7] - This order follows the earlier announcement of the IdZ (German Future Soldier) and highlights THEON's successful diversification of its product portfolio through in-house innovation [2][3] - Philippe Mennicken, Deputy CEO, emphasized that this order is a testament to the capabilities of THEON's design team and anticipates large tender awards for the IRIS-C product, which will further diversify revenues starting next year [3] Group 2 - The IRIS-C thermal clip-on is gaining traction globally and is expected to become the new reference product for upgrading night vision goggles (NVGs) [7] - In the last 15 days, approximately €66 million of previously announced orders have transitioned to hard backlog, primarily involving THEON's new digital A.R.M.E.D. products [7] - THEON GROUP has a strong international presence with over 200,000 systems in service across 71 countries, including 26 NATO countries, and has been listed on Euronext Amsterdam since February 2024 [5]
AS Ekspress Grupp refinances bonds
Globenewswire· 2025-07-03 07:00
Group 1 - AS Ekspress Grupp and AS SEB Pank signed a loan contract to refinance EUR 5 million bonds from LHV pension funds, with a new loan deadline of 2 July 2030 [1] - The refinancing will reduce Ekspress Grupp's annual interest expenses by approximately EUR 150 thousand, while annual loan service will increase by around EUR 340 thousand [1] - The refinancing will lower the average interest rate of Ekspress Grupp's financial liabilities, allowing the company to decrease overall indebtedness and prepare for potential acquisitions and economic challenges [2] Group 2 - AS Ekspress Grupp is the leading Baltic media group, involved in web media content production, publishing newspapers, magazines, and books [2] - The Group operates an electronic ticket sales platform and ticket sales offices in Latvia and Estonia, and provides digital outdoor screen services in both countries [2] - Established in 1989, Ekspress Grupp employs about 1,000 people [2]
One of Finland's largest energy storage facilities commissioned in Lappeenranta – Merus Power's EUR 15 million delivery completed
Globenewswire· 2025-07-03 07:00
Core Insights - The completion of the energy storage facility in Lappeenranta, Finland, marks a significant milestone for Merus Power, being their largest manufactured energy storage facility with an output of approximately 38 megawatts and energy capacity of 43 megawatt hours [1][5][6] Company Overview - Merus Power operates as an EPC (Engineering, Procurement, and Construction) operator, providing comprehensive turnkey solutions, including energy storage systems, installation, commissioning, and network management [2] - The company specializes in innovative electrical engineering solutions, focusing on energy storage and power quality, facilitating the growth of renewable energy and improving energy efficiency [8] Industry Context - Energy storage facilities are crucial for the green transition, providing flexibility to manage fluctuations in renewable energy production and enabling the storage of electricity when available at low cost [6] - The demand for energy storage solutions is increasing in Finland, particularly as wind power capacity grows, making such assets critical for grid stability and reliability [5][7] Investment Insights - The energy storage facility represents Ardian Clean Energy Fund's first investment in battery energy storage in Finland, highlighting significant investment opportunities in the Nordic region for combining renewable energy generation with battery storage technology [5][7] - Ardian manages or advises $177 billion in assets globally, emphasizing its commitment to responsible investment and the development of sustainable energy projects [9]