Rapala VMC Corporation adds Q1 and Q3 business reviews to its financial reporting in 2026
Globenewswire· 2025-12-10 14:30
Core Points - Rapala VMC Corporation will transition to quarterly financial reporting starting in 2026 [1][2] - The company will implement a 30-day silent period prior to the release of its financial results [2] - The Financial Statements and Board of Directors' Report for 2025 will be published on April 8, 2026 [3] Financial Calendar - Financial Statement Release for 2025 is scheduled for March 11, 2026 [5] - Business Review for Q1 2026 will be published on May 13, 2026 [5] - Half-Year Financial Report for January-June 2026 is set for August 20, 2026 [5] - Business Review for Q3 2026 will be released on October 29, 2026 [5] Company Overview - Rapala VMC Group is the world's leading fishing tackle company with a significant distribution network [4] - The Group reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [4] - The company is listed on the Nasdaq Helsinki stock exchange since 1998 [4]
MBAK Energy Solutions, Inc. (OTC:MBAK) begins delivery to Indian Customers – part of $65 Million in 2026 Order fulfillment
Globenewswire· 2025-12-10 14:23
Core Insights - MBAK Energy Solutions, Inc. has commenced delivery on $65 million in production orders for 2026, including contracts for the Indian power grid and electric personal transports [1] - The company is focused on renewable energy solutions, particularly through its Battery Energy Storage System (BESS) contract aimed at enhancing India's energy production capacity [1] - Demand for MBAK's electric two-wheelers remains robust across Europe, India, and Africa, attributed to the company's innovation and quality [2] Group 1 - MBAK Energy Solutions has secured $65 million in production orders for 2026, which includes BESS for the Indian power grid and battery cells for data centers [1] - The BESS contract supports India's initiative to boost renewable energy generation and storage capacity [1] - The company is receiving inquiries from power providers and commercial users in both regional and North American markets [1] Group 2 - The demand for MBAK's mobility products, particularly electric two-wheelers, is strong due to the company's reputation for innovation, reliability, safety, and quality [2] - MBAK specializes in the development and manufacturing of non-fossil fuel energy products, including lithium, sodium, and solid-state batteries for various applications [2]
ECD Automotive Design Helps 14-year old In Fulfilling His “Little Blue Truck Project” Dream
Globenewswire· 2025-12-10 14:20
KISSIMMEE, Fla., Dec. 10, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design is proud to announce its support of Victor — the young enthusiast behind the “Little Blue Truck” build at Genesis Overland — in the transformation of his vintage Series Land Rover into a fully outfitted overland vehicle and they're hoping to inspire more feel good moments this holiday season. Images of Victor and His Visit to the Rover Dome Video from ECD X Little Blue Truck and Victor’s Visit to the Rover Dome In September 2025, ECD’ ...
Branded Legacy, Inc. Announces Complete Management Overhaul and Strategic Reset Under New Leadership
Globenewswire· 2025-12-10 14:17
Core Viewpoint - Branded Legacy, Inc. is undergoing a comprehensive restructuring and change of control following the acquisition of a controlling interest by Dr. Jamie Forrest, aimed at revitalizing the company and enhancing shareholder value [1][7]. Summary by Sections Restructuring and Control Change - Dr. Jamie Forrest, dissatisfied with the company's direction and financial condition, acquired the entire control block to initiate a complete overhaul [2]. - All legacy subsidiaries have been divested, removing underperforming and insolvent entities that burdened the company [3]. - Previous officers and directors have been removed, with no compensation or involvement in the company moving forward [4]. Financial Review and Liabilities - A full forensic accounting review is being conducted to address historical share issuances and related-party transactions, with plans to renegotiate or cancel any unfavorable agreements [5]. - The company expects to issue approximately 300 million shares for the conversion of certain pre-existing convertible instruments, with no new dilutive instruments planned [5]. Future Direction and Management - The restructuring aims to eliminate historical operational and financial burdens, creating a clean platform focused on future shareholder value [6]. - Dr. Forrest, with extensive experience in health technology and operational systems, is set to lead the company towards a new business plan devoid of past affiliations [8][9]. - The company will prioritize transparent communication, focusing on verifiable facts and completed milestones rather than speculative claims [11]. Compliance and Profile Update - The company plans to update its issuer profile on OTCMarkets.com to reflect the restructuring and remove the current Yield Sign from its ticker [12].
Willis Lease Announces Offering of $392.9 Million in Fixed Rate Notes
Globenewswire· 2025-12-10 14:16
Core Points - Willis Lease Finance Corporation (WLFC) announced the offering of $337.4 million in Series A Fixed Rate Notes and $55.5 million in Series B Fixed Rate Notes through its subsidiary, Willis Engine Structured Trust IX (WEST) [1] - The Notes will be secured by interests in a portfolio of 47 aircraft engines and 2 airframes, which will be acquired from WLFC or its subsidiaries [1] - The net proceeds from the Notes will be used for fees related to the offering, reserve accounts for security deposits and maintenance expenses, and to pay WLFC for the acquired aircraft engines and airframes [2] Financial Details - The total amount of the Initial Notes being offered is $392.9 million, comprising $337.4 million in Series A Notes and $55.5 million in Series B Notes [1] - WLFC plans to use any net proceeds received to repay debt collateralized by the assets and for general corporate purposes [2] Regulatory Information - The Notes will not be registered under the Securities Act of 1933 and are being offered only to qualified institutional buyers and non-U.S. persons [3] - The offering does not constitute an offer to sell or a solicitation of an offer to buy in jurisdictions where such actions would be unlawful [4]
Star Bulk Provides Update for its Q4 2025 TCE and Coverage
Globenewswire· 2025-12-10 14:15
Core Viewpoint - Star Bulk Carriers Corp. estimates its time charter equivalent (TCE) rate for Q4 2025 to be approximately $19,500 per day for about 93% of its owned available days [1] TCE Rate Estimates by Segment - Newcastlemax/Capesize vessels are expected to have a TCE rate of approximately $27,600 per day for about 91% of owned available days [6] - Post Panamax/Kamsarmax/Panamax vessels are estimated to have a TCE rate of approximately $16,400 per day for about 92% of owned available days [6] - Ultramax/Supramax vessels are projected to have a TCE rate of approximately $17,400 per day for about 94% of owned available days [6] Company Overview - Star Bulk is a global shipping company specializing in dry bulk transportation, with a fleet of 145 vessels and an aggregate capacity of 14.3 million deadweight tons (dwt) [3] - The fleet includes various vessel types such as Newcastlemax, Capesize, Kamsarmax, and Ultramax, with carrying capacities ranging from 55,569 dwt to 209,537 dwt [3] - The company was incorporated in the Marshall Islands in 2006 and is listed on the Nasdaq Global Select Market under the symbol "SBLK" [3]
Treasure Global Accelerates Launch of OXI Wallet, Secures First Corporate Client, and Eyes 100x Growth
Globenewswire· 2025-12-10 14:10
Core Insights - Treasure Global Inc. has accelerated the launch of its OXI wallet, originally scheduled for 1H 2026, and has secured its first corporate client, Legacy Trustee Berhad, which purchased 1,000 Visa cards, generating USD 120,000 in confirmed revenue [1][5] - The OXI wallet aims to onboard 100,000 users by the end of the first year, potentially generating over USD 100 million in total revenue, indicating a 100x growth potential [2][4] - The company has entered into heads of terms for acquiring a 51% equity interest in Quarters Elite Advisory Sdn. Bhd., which manages approximately USD 150 million in client assets, enhancing its distribution capabilities [3][5] Company Strategy - The early launch of OXI wallet and the acquisition of Quarters Elite are part of the company's growth strategy to improve market penetration and accelerate corporate client onboarding [3][5] - OXI wallet supports major blockchain networks and adheres to international KYC and AML standards, featuring an AI-powered portfolio assistant for personalized insights [5][6] - The company expects OXI wallet to contribute significantly to its long-term digital asset strategy, including opportunities in payments, asset tokenization, and broader blockchain-enabled financial services [6] Market Position - Treasure Global is positioned as a key player in Malaysia's digital economy, with its flagship product, the ZCITY Super App, attracting over 2.7 million registered users as of June 2025 [7] - The combination of Legacy Trustee Berhad's reach and Quarters Elite's advisor network is expected to enhance the onboarding of OXI wallet users and generate substantial revenue [4][5]
Cerro de Pasco Resources Prepares for Next Phase as Technical and Permitting Work Advances at the Quiulacocha Project
Globenewswire· 2025-12-10 14:09
Core Insights - Cerro de Pasco Resources Inc. (CDPR) has made significant progress in the Quiulacocha Tailings Reprocessing Project, transitioning from Phase 1 to Phase 2, which is crucial for both resource recovery and environmental remediation in Peru [1] Phase 1 Achievements - A 40-hole sonic drill program has confirmed metal grades and continuity, supporting the mineral resource estimate for the Quiulacocha tailings [2] - Extensive mineralogical and metallurgical tests are being conducted to determine effective metal recovery methods [3] Environmental Studies - Completion of wet season baseline studies and ongoing dry season assessments, including various monitoring techniques [4] - Environmental baseline data will support the project's Environmental Impact Assessment, aiming to reduce long-term environmental liabilities [19] Hydrogeology and Geotechnics - High-resolution surveys have been integrated into hydrogeological models and stability assessments, guiding mine planning and drilling infrastructure [5][22] - Initial assessments for long-term storage sites and re-mining methods have confirmed the efficient dredging and pumping of Quiulacocha tailings [6][23] Permitting and Approvals - Submission of Phase 1 Results Report has initiated the regulatory process for Phase 2 drilling, with CDPR fully funded for ongoing programs [7] - Recent resolutions from Peru's Mining Council have clarified the permitting process, aligning authorities for the project's advancement [11] Upcoming Milestones - Key milestones include the completion of the integrated metallurgical program in Q1 2026, submission and approval of necessary permits, and commencement of Phase 2 drilling [9] Technical Program Update - The project is supported by a rigorous technical work program, with metallurgical testing defining effective processing routes [12] - The initial metallurgical phase is expected to conclude in Q1 2026, followed by further testing [17] Mineralogical and Metallurgical Testing - The mineralogy program includes various advanced testing methods to determine metal associations and recovery factors [13] - The metallurgical program focuses on recovering multiple metals into saleable concentrates, with initial flotation tests showing promising results [14][15] Tailings Management - Studies on tailings storage and re-mining methods are ongoing, evaluating capacity, land suitability, and environmental considerations [24] - The tailings are confirmed to be pumpable within an optimal solids concentration range, supporting low-cost extraction methods [23] Phase 2 Drilling Program - The upcoming drilling campaign will complete the necessary datasets for feasibility-level engineering, with approximately 116 drillholes planned [25][26]
Niterra Partners with Rackspace Technology to Accelerate Digital Transformation with Rapid Migration to Google Cloud
Globenewswire· 2025-12-10 14:04
Core Insights - Niterra EMEA GmbH partnered with Rackspace Technology to modernize its IT infrastructure and drive digital transformation through a rapid migration to Google Cloud [1][4] Group 1: Migration Strategy - Niterra aimed to unify its global server landscape under a single cloud platform guided by a 'Google first' IT strategy [2] - The company faced an urgent requirement to migrate its entire SAP ECC environment to Google Cloud within two months, which is less than half the typical timeline [2] - The migration involved consolidating three on-premises data centers located in Dubai, Johannesburg, and Frankfurt [2] Group 2: Partnership and Execution - Niterra required a partner with deep SAP and Google Cloud experience to ensure operational continuity and meet unique business requirements [3] - Rackspace Technology designed a secure and scalable migration strategy that ensured immediate operational stability and positioned Niterra for future innovation [4] - Ongoing managed services were provided by Rackspace Modern Operations and Rackspace Application Services for SAP to ensure compliance with industry standards [4] Group 3: Outcomes and Future Plans - The migration was completed without performance issues, downtime, or disruptions, receiving positive feedback from stakeholders [5] - The project exemplified the future of enterprise transformation as fast, secure, and disruption-free [5] - Discussions for additional modernization projects are already underway, indicating a commitment to continued innovation [5] Group 4: Technical Details - A secure Google Cloud landing zone was established with governance and security controls for all workloads [7] - The migration included the transfer of 4TB of business-critical SAP data across various systems with optimized network performance [7] - The project involved global collaboration across multiple countries, ensuring seamless execution and knowledge transfer [7]
SoundHound AI Integrates With OpenTable to Introduce In-Vehicle Reservations Using Voice AI
Globenewswire· 2025-12-10 14:02
Partnership elevates driver convenience with fully hands-free restaurant discovery and booking, quickly connecting drivers to OpenTable’s network of 60,000+ restaurants SANTA CLARA, Calif., Dec. 10, 2025 (GLOBE NEWSWIRE) -- SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice and conversational AI, today announced a new partnership with OpenTable, a global leader in restaurant tech, to launch a fully conversational in-vehicle voice AI reservations agent – as part of SoundHound’s in-car voice commerc ...