Reeflex Solutions Inc. Awarded $3.4 Million Contract to Supply Fully Customized Mast-Style Coiled Tubing Rig to Iron Horse Energy Services
Globenewswire· 2025-12-11 13:48
Core Points - Reeflex Solutions Inc. announced a $3.4 million contract awarded to its subsidiary, Coil Solutions Inc., to design and manufacture a customized mast-style coiled tubing rig for Iron Horse Energy Services [1][4] - Iron Horse, recently acquired by Trican Well Service Ltd., is recognized for its expertise in coiled tubing and fracturing services in the Western Canadian Sedimentary Basin [2][5] - The new rig will be engineered for larger-diameter tubing, extended-reach wells, high pull loads, enhanced cold-weather performance, and improved operator safety [3] Company Overview - Reeflex Solutions Inc. provides advanced engineering and manufacturing solutions across various sectors, with a focus on the oil and gas industry through its subsidiary, Coil Solutions Inc. [6] - Ranglar Manufacturing, a division of Coil Solutions Inc., specializes in custom-designed mobile equipment for industrial applications [6] Industry Context - Iron Horse Energy Services has over 20 years of experience in delivering high-quality coiled tubing and fracturing services, establishing itself as a trusted partner in the energy sector across Alberta, British Columbia, and Saskatchewan [5]
EXL completes migration of LifePRO Digital Suite® platforms to AWS
Globenewswire· 2025-12-11 13:47
Core Insights - EXL has successfully migrated its LifePRO Digital Suite® platforms to Amazon Web Services (AWS), highlighting its commitment to modernizing the life and annuity industry and enhancing collaboration with AWS [1][2][3] Migration Benefits - The migration to AWS offers EXL clients a secure, scalable, and resilient infrastructure that facilitates faster innovation and greater flexibility [2] - By utilizing Amazon Bedrock and Kendra, EXL enhances performance, reduces operational costs, and accelerates the deployment of new features within the LifePRO Digital Suite ecosystem [2][3] Platform Enhancements - The migration strengthens EXL's LifePRO Digital Suite, which supports the next generation of life and annuity products, powering policy administration for millions of policies [3] - The cloud-based implementation allows carriers to meet industry demands for unified digital environments and scalable infrastructure, enabling real-time data exchange and straight-through processing [3] Collaboration with AWS - EXL's partnership with AWS combines domain expertise with advanced cloud capabilities, including AI/ML services and analytics, to help insurers innovate and personalize customer experiences [4] - New capabilities being developed include API-driven integrations, AI/ML-based underwriting support, and advanced analytics to provide deeper business insights [4] Company Overview - EXL is a global data and AI company that transforms businesses across various industries, including insurance, healthcare, and banking, with a workforce of approximately 63,000 employees [6]
SEALSQ Enters the Healthcare Industry Through IC’Alps, Delivering Custom Integrated Chip Solutions and Post-Quantum Protection for Next-Generation Medical Devices
Globenewswire· 2025-12-11 13:45
Core Viewpoint - SEALSQ Corp is strategically entering the healthcare industry through its subsidiary IC'Alps, focusing on developing advanced medical devices with a strong emphasis on post-quantum cybersecurity and ultra-low-power semiconductor technology [2][13]. Group 1: Company Overview - SEALSQ Corp specializes in semiconductors, PKI, and post-quantum technology hardware and software products [2]. - IC'Alps, a subsidiary of SEALSQ, is recognized for its excellence in designing custom integrated circuits (ASICs) specifically for medical applications [2][3]. Group 2: Technological Innovations - IC'Alps is committed to energy efficiency, utilizing advanced ultra-low-power design techniques to enhance battery-powered medical devices [4]. - The company develops custom ASICs that integrate various sensor technologies, enabling continuous and precise patient monitoring [5][6]. Group 3: Cybersecurity Focus - The healthcare industry faces significant cybersecurity challenges due to the rise of connected medical devices and the vulnerabilities of current encryption methods [8]. - SEALSQ integrates post-quantum cryptographic (PQC) algorithms into medical ASICs, ensuring long-term protection against both classical and quantum attacks [10][11]. - The integration of PQC is crucial for healthcare devices with operational lifetimes of 10 to 20 years, providing resilience against future quantum threats [10]. Group 4: Future Directions - SEALSQ aims to offer end-to-end post-quantum protection across the entire lifecycle of healthcare devices, from data acquisition to cloud processing [11]. - The collaboration between SEALSQ and IC'Alps positions the company to deliver a differentiated offering in the healthcare sector, focusing on safe and efficient medical technologies [13][14].
Gold Royalty Completes US$103.5 Million Bought Deal Financing
Globenewswire· 2025-12-11 13:42
VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is pleased to announce the closing of its previously announced public offering (the "Offering") of common shares of the Company. Pursuant to the Offering, the Company issued, on a bought deal basis, 25,875,000 common shares (the “Common Shares”), including 3,375,000 Common Shares pursuant to the full exercise of the over-allotment option, at a price of US$4.00 per share, ...
PureFive™ Resin Used in Caps for Leading Spray Paint Brand
Globenewswire· 2025-12-11 13:30
Core Insights - PureCycle Technologies, Inc. has initiated sales of its PureFive™ resin for caps used in spray paint cans, marking a significant step in its partnership with a leading global paint and coatings company [1][2] - The caps and closures market presents a substantial opportunity for PureCycle, with over 300 million polypropylene pieces produced annually in North America [2] - The company expects to continue supplying PureFive™ resin to this customer throughout 2026, indicating a long-term business relationship [2] Company Overview - PureCycle Technologies holds a global license for a patented dissolution recycling technology developed by Procter & Gamble, aimed at transforming polypropylene plastic waste into a renewable resource [3] - The purification process of this technology results in PureFive™ resin, which can be recycled and reused multiple times, enhancing sustainability in plastic usage [3] Market Potential - The partnership with a top paint and coatings manufacturer demonstrates that sustainability goals can be met without compromising product performance when using PureFive™ resin [2] - The company is positioned to capitalize on the growing demand for sustainable materials in the caps and closures market, which is primarily dominated by polypropylene [2]
C3is Inc. Announces Pricing of $9 Million Public Offering
Globenewswire· 2025-12-11 13:30
Core Points - C3is Inc. announced a public offering expected to generate approximately $9 million in gross proceeds before expenses [1][3] - The offering consists of 7,500,000 units, each including one Common Share or one Pre-Funded Warrant, along with Class D and Class E Warrants [2] - The transaction is anticipated to close on or about December 12, 2025, subject to customary closing conditions [3] Offering Details - Each unit in the offering is priced at $1.20 for a Common Share and $1.19999 for a Pre-Funded Warrant, with the Pre-Funded Warrants being immediately exercisable [2] - Class D Warrants have an initial exercise price of $1.20 per Common Share and are exercisable immediately, expiring 60 months after issuance [2] - Class E Warrants have an exercise price of $0.00001 per Common Share and are also immediately exercisable [2] Use of Proceeds - The net proceeds from the offering will be used for capital expenditures, including the acquisition of additional vessels, working capital, and other general corporate purposes [3] Company Overview - C3is Inc. is a ship-owning company that provides dry bulk and crude oil seaborne transportation services, owning four vessels with a total fleet capacity of 213,464 deadweight tons [6]
Saratoga Investment Corp. Declares Dividend of $0.75 Per Share for the Fourth Quarter of Fiscal 2026; Paid in Monthly Dividends of $0.25 Per Share
Globenewswire· 2025-12-11 13:30
Core Points - Saratoga Investment Corp. declared a base quarterly dividend of $0.75 per share for Q4 of fiscal 2026, to be paid in three monthly installments of $0.25 each [1][2] - The annualized dividend rate implies a 13.1% yield based on the stock price of $22.86 as of December 9, 2025 [1] - This marks the fourth group of dividends declared for fiscal year 2026, in addition to a special dividend announced last month [2] Dividend History - The base dividend for Q4 2026 is $0.25 per share for each month of December 2025, January 2026, and February 2026, totaling $0.75 for the quarter [3] - The total dividend for the full fiscal year 2026 is projected to be $3.00 per share, with an additional special dividend of $0.25, leading to a total of $3.25 per share [3] Company Overview - Saratoga Investment is a specialty finance company focused on providing customized financing solutions to U.S. middle-market businesses [4][5] - The company primarily invests in senior and unitranche leveraged loans and mezzanine debt, with a goal of generating attractive risk-adjusted returns [5] - Saratoga Investment is regulated as a business development company and is externally managed by Saratoga Investment Advisors, LLC [5]
CardCash Reports Strong November Growth Driven by Black Friday Demand Surge
Globenewswire· 2025-12-11 13:30
Top-line volume increases nearly 19% YoY as customer acquisition rises and margins expand SCHAUMBURG, IL, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the "Company"), the owner and operator of CardCash.com, Restaurant.com, and Takeout7.com, and a leader in the incentives and rewards industry, today announced notable year-over-year growth for CardCash.com for November 2025, fueled by strong Black Friday demand, increased customer activity, and improved margin performance. CardCash reported ...
Edible Garden’s Award-Winning Kick. Sports Nutrition Now Available on Target.com
Globenewswire· 2025-12-11 13:30
Core Insights - Edible Garden AG Incorporated has expanded its Kick. Sports Nutrition product line to Target.com, enhancing its digital presence and supporting its omnichannel strategy [1][4] - The Kick. product line includes clean-label, performance-driven options aimed at athletes and health-conscious consumers, featuring both whey and plant-based proteins [2][4] - Target's platform is a significant addition for the brand, aligning with the growing consumer demand for high-protein supplements and clean-label nutrition products [3][4] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through innovative farming models [5] - The company operates over 5,000 retail locations across the U.S., Caribbean, and South America, and is recognized for its advanced safety protocols and sustainable practices [5][8] - Edible Garden's proprietary technologies, including the GreenThumb software and Self-Watering displays, enhance product freshness and in-store presentation [6][8] Market Positioning - The addition of Kick. Sports Nutrition to Target.com is part of a broader strategy to meet consumers where they shop, reflecting the brand's commitment to omnichannel growth [4] - The company has seen strong momentum with recent distribution gains, including partnerships with major retailers and successful launches on platforms like Amazon [4] - The sports nutrition category is rapidly growing, and Edible Garden aims to position Kick. as a leading brand within this market [3][4]
Digital Brands Group and The Grove Collective, the Official NIL Program for the University of Mississippi, Announce Exclusive Apparel Private Label Manufacturing Agreement
Globenewswire· 2025-12-11 13:30
Austin, Texas, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (Ticker: [NASDAQ:DBGI] a publicly traded company specializing in eCommerce and Fashion today announced it has entered into an Exclusive Private Label Manufacturing Agreement with The Grove Collective for a three-year period. The Grove Collective is the official University of Mississippi name, image, and likeness (“NIL”) program established to cultivate and harness NIL opportunities for University of Mississippi student-athletes, inc ...