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Primech AI Secures South Korea Distribution Agreement Expected to Generate US$4.08 Million and Expand HYTRON’s Global Commercial Footprint
Globenewswire· 2026-03-23 14:06
Core Insights - Primech AI has established a distribution agreement to expand its HYTRON product into South Korea, projected to generate approximately US $4.08 million in revenue over three years [1][4]. Group 1: Partnership and Market Strategy - The partner will act as Primech AI's authorized distributor in South Korea, focusing on localized marketing, sales, deployment, and technical support for HYTRON [2]. - The partnership includes an initial trial phase, with the potential for an exclusive multi-year distribution arrangement based on market validation and defined minimum order commitments [3][5]. - The structured distribution model aims to accelerate the adoption of HYTRON robots in South Korea, a market known for its strong technology adoption and demand for automation solutions [5][6]. Group 2: Product and Operational Details - HYTRON utilizes advanced AI and automation technologies to provide efficient restroom cleaning in commercial settings, addressing labor constraints and enhancing hygiene standards [6]. - The distributor will manage local certification requirements and customer support, facilitating market entry and ensuring operational performance [6].
Schouw & Co. share buy-back programme, week 12 2026
Globenewswire· 2026-03-23 14:00
Core Viewpoint - Schouw & Co. has initiated a share buy-back program with a total budget of DKK 240 million, running from January 2 to December 31, 2026 [1]. Group 1: Buy-Back Program Details - The buy-back program is structured in compliance with Regulation (EU) No. 596/2014 on market abuse and the Commission's delegated regulation (EU) 2016/1052, adhering to "Safe Harbour" rules [2]. - As of March 20, 2026, Schouw & Co. has accumulated a total of 96,283 shares through the buy-back program, with an average purchase price of DKK 670.79, amounting to DKK 64,585,477 [3]. - The company holds a total of 2,334,076 treasury shares, representing 9.34% of the total share capital of 25,000,000 shares [3].
Burckhardt Compression secures major order from Hanwha Ocean for next-generation LNG carrier series featuring new BOG compressor technology
Globenewswire· 2026-03-23 14:00
Core Insights - Burckhardt Compression has secured a significant contract with Hanwha Ocean to supply 14 boil-off gas compressors for seven 174,000 m³ LNG carriers, marking the first commercial deployment of its new high-pressure BOG compressor generation [1][2] - The new vessel platform from Hanwha Ocean incorporates advanced technologies, including GTT's NO96 Super+ cargo containment system and Everllence's ME-GI propulsion system, which operates at 330-bar gas injection pressure, leading to lower BOG rates and improved energy efficiency [1][2] - This contract represents the largest single order in the Marine segment for Burckhardt Compression, establishing a key industry reference and enhancing its position in the global LNG carrier market [2] Company Highlights - The high-pressure compressor developed by Burckhardt Compression is integrated into the revised ship design, serving as a core element of the new vessel platform [2] - The project showcases Burckhardt Compression's technological leadership in high-pressure ME-GI applications, setting a new performance benchmark in BOG management [2] - The collaboration with Everllence and Hanwha Ocean's design teams emphasizes Burckhardt Compression's role as a key technology partner for next-generation LNG carriers [1][2]
The share repurchase programme launched by Lassila & Tikanoja Plc has been completed
Globenewswire· 2026-03-23 14:00
Core Viewpoint - Lassila & Tikanoja Plc has successfully completed its share repurchase program, which was initiated to support its share-based incentive schemes and the remuneration of the Board of Directors [1][3]. Group 1: Share Repurchase Details - The share repurchase program was announced on 27 February 2026 and executed from 3 March 2026 to 20 March 2026 [1]. - A total of 150,000 shares were repurchased, representing approximately 0.4% of all shares in the company [2]. - The average purchase price for the repurchased shares was EUR 7.6893 per share, leading to a total reduction in equity of approximately EUR 1.15 million [2][3]. Group 2: Company Overview - Lassila & Tikanoja is a leading Nordic circular economy company focused on waste management, recycling, and sustainable material use [4]. - The company employs around 2,300 people in Finland and Sweden and is listed on Nasdaq Helsinki [4].
Scripps to launch Scripps Sports Network streaming channel
Globenewswire· 2026-03-23 14:00
Core Viewpoint - The E.W. Scripps Company is launching the Scripps Sports Network, a 24/7 free, ad-supported streaming channel dedicated to live sports, particularly focusing on women's sports, to meet the growing demand for accessible premium sports content [1][4][12]. Company Overview - The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company with a significant presence in local TV broadcasting, operating around 60 stations across 40 markets in the U.S. [13][14]. - Scripps Sports has established partnerships with various professional and college sports leagues, including the WNBA, NWSL, and PWHL, enhancing its influence in sports programming [14]. Industry Context - The demand for women's sports content is increasing, as evidenced by a 25% rise in streaming viewership for the NWSL and WNBA combined in 2025 [3]. - The launch of the Scripps Sports Network is positioned to capitalize on this trend, providing a dedicated platform for women's sports and other live events [4][12]. Network Launch Details - Scripps Sports Network will premiere on March 24, 2026, and will be available on major streaming platforms such as Roku, Amazon Prime Video, and Google TV [2][7]. - The network will feature over 100 live events annually, including games from the Professional Women's Hockey League, National Women's Soccer League, and Major League Volleyball [6][12]. Programming Highlights - The network will offer a diverse lineup, including original series, documentaries, and popular acquired shows, with a focus on women's sports [5][10]. - Specific programming includes 100+ hours of WNBA content, live broadcasts of PWHL games, and original series hosted by notable figures in women's sports [7][10][12]. Advertising Partnerships - State Farm has been announced as the foundational advertising partner for Scripps Sports Network, highlighting the commercial potential of women's sports [4][5].
MDB Capital Holdings to Host Fourth Quarter and Full Year 2025 Results Conference Call on Tuesday, March 31, 2026 at 4:30 p.m. Eastern Time
Globenewswire· 2026-03-23 13:45
Core Viewpoint - MDB Capital Holdings, LLC is set to host a Zoom webinar on March 31, 2026, to discuss its fourth quarter and full year 2025 results, with a press release to be issued beforehand [1][2]. Company Overview - MDB Capital Holdings, founded in 1997, focuses on launching disruptive technology companies through a unique public venture capital approach, emphasizing community-driven financings for early-stage leaders [3]. - The firm operates under the MDB Capital brand, which includes subsidiaries such as MDB Capital, a venture-focused broker-dealer, and PatentVest, an integrated IP strategy and law firm [3]. Webinar Details - The webinar will be led by Christopher Marlett, CEO and Co-Founder of MDB, along with other management team members, covering recent developments, ongoing initiatives, and anticipated milestones, followed by a Q&A session [2]. - Investors can pre-register for the webinar and access it through MDB's investor relations website [2].
HomesToLife Delivers 97% Jump in FY2025 Net Profit to US$16.6 Million
Globenewswire· 2026-03-23 13:44
Core Insights - HomesToLife Ltd reported strong operational and financial results for FY2025, driven by a diversified export model and disciplined capital management [2][3] - The company aims to continue its expansion strategy and deepen its presence in key markets to capture new growth opportunities [2] Financial Performance - Net revenue increased by 13% year-on-year to $377.9 million in FY2025, with export revenue rising by 12% to $349.6 million [3][4] - Retail revenue doubled to $9.1 million, supported by an expanded retail footprint in Korea [3] - Gross profit rose by 27% to $105.3 million, with gross margin improving by 3.1 percentage points to 27.9% [3] Operating Expenses - Total operating expenses increased by 17% year-on-year to $86.0 million, primarily due to a $11.6 million rise in selling expenses [4][6] - Selling expenses rose by 21% to $66.3 million, reflecting higher sales volumes and elevated freight costs, which increased by 52% [4] Net Income and Earnings - Net income for FY2025 rose by 97% to $16.6 million, translating to earnings per share of $0.185 [7] - Return on average common shareholders' equity (ROE) stood at 86% [7] Quarterly Performance - In 4Q2025, revenue reached $102.8 million, a 7% increase year-on-year, driven by stronger export sales in North America (+41%) [8] - Gross profit for the quarter increased by 32% to $29.2 million, with gross margin expanding by 5.4 percentage points to 28.4% [9] Financial Position - Cash flow from operating activities increased significantly from $0.4 million in FY2024 to $13.5 million in FY2025 [10] - As of December 31, 2025, the company had $27.3 million in cash and bank balances, with total borrowings of $10.4 million [11] Outlook - The company estimates FY2026 revenue to range between $400 million to $420 million, driven by a robust export market [12] - HomesToLife plans to monitor geopolitical developments that may impact global trade flows and supply chains [14]
IP Strategy Highlights ZenO’s Public Beta for Real-World AI Data on Story
Globenewswire· 2026-03-23 13:42
Core Insights - The article highlights the public beta launch of ZenO, a project by IP Strategy Holdings, focused on real-world data collection for training physical AI systems [1][2]. Company Overview - IP Strategy Holdings, Inc. is the first Nasdaq-listed company to hold $IP tokens as a primary reserve asset and operates a validator for the Story Blockchain [6]. - The company provides public market investors exposure to the $80 trillion programmable intellectual property economy [6]. ZenO Project Details - ZenO allows users to capture first-person audio, video, and image data using smart glasses and mobile devices, which is then anonymized and structured for AI training [2]. - The project addresses a gap in physical AI development, as robots trained on web data struggle with real-world tasks [3]. - ZenO's beta run is focused on validating the data capture and processing pipeline at scale over an initial 6 to 8 week period [3]. Market Context - The global robotics market is projected to exceed $218 billion by 2031, indicating a growing demand for high-quality, rights-cleared datasets for physical AI systems [2]. - The reliance on large-scale, real-world datasets is increasing, emphasizing the need for verifiable data for commercial use [2]. Incentive Structure - Contributors to ZenO earn rewards for data collection and receive a share of downstream stablecoin revenue if their datasets are sold, aligning incentives with data quality [4]. - The roadmap includes automating revenue distribution and transparent licensing for AI training data [4]. Strategic Partnerships - ZenO has joined NVIDIA Inception, gaining access to GPU infrastructure and go-to-market support, which will aid in building enterprise-grade data supply for robotics [3]. Story Blockchain Overview - Story is an AI-native blockchain network that powers the $IP token, enabling the programmability, traceability, and monetization of intellectual property in real time [7]. - The network has received backing of $136 million from notable investors, including a16z crypto and Samsung Ventures [7].
Actelis Networks Solutions Selected for Intelligent Transportation System Upgrade in the City of Cincinnati, Ohio
Globenewswire· 2026-03-23 13:36
Core Insights - Actelis Networks has secured an order for its hybrid fiber-copper networking solutions to upgrade the intelligent transportation system in Cincinnati, Ohio, marking a significant expansion in the U.S. municipal ITS market [1][2] Group 1: Company Developments - The order for Cincinnati adds to a series of successful contracts in the transportation sector across various U.S. municipalities, including California's Caltrans and cities like Chino and Ventura [2] - This deployment represents Actelis' first municipal ITS win in the Midwest, showcasing the company's growing geographic reach as cities modernize their traffic infrastructure [2][3] Group 2: Technology and Solutions - Actelis' solutions provide fiber-grade connectivity over existing infrastructure, allowing for rapid and cost-effective upgrades with built-in cybersecurity features [3] - The company emphasizes its "Cyber Aware Networking" initiative, which offers AI-based cyber monitoring and protection for edge devices, enhancing overall network security [4]
Kandal M Venture Limited Announces Financial Results for the Six Months Ended September 30, 2025
Globenewswire· 2026-03-23 13:31
Core Insights - Kandal M Venture Limited reported a significant decrease in revenue and net income for the first half of fiscal year 2026, primarily due to increased import tariffs in the United States [7][16] - The company is strategically expanding its manufacturing capabilities into the Philippines, marking its first major expansion outside Cambodia [2] - A new CEO, Mr. Fok Yui Kwong, has been appointed to lead the company, bringing extensive management and banking experience [3] Financial Performance - Revenue for the six months ended September 30, 2025, was approximately US$7.9 million, a decrease of about 17.0% from US$9.5 million in the same period of 2024 [7] - Gross profit decreased by approximately 34.7% to US$1.5 million, with a gross profit margin decline of 5.1 percentage points to 18.7% [9] - Net income fell by approximately 74.1% to US$168,855, with earnings per share dropping from $0.04 to $0.01 [16] Cost and Expenses - Cost of sales decreased by approximately 11.5% to US$6.4 million, reflecting a reduction in raw material and labor costs [8] - Selling and distribution expenses decreased by approximately 33.2% to US$113,595, attributed to lower container load shipments [10] - Professional services fees increased by approximately 10.7% to US$206,829, due to additional services engaged post-IPO [11] Cash Flow and Investments - The company reported net cash used in operating activities of US$2.1 million, primarily due to changes in working capital [13] - Net cash used in investing activities was US$4.1 million, largely due to a loan to a third party and IPO expenses [14] - Net cash generated from financing activities was US$7.8 million, mainly from IPO proceeds [15] Strategic Initiatives - The company is focused on geographic expansion and enhancing its customer base, with plans for further regional opportunities [6] - The acquisition of a 15% equity interest in Dumaine International Ltd for US$2.5 million is part of the strategy to diversify operations [2]