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EagleNXT MicaSense™ RedEdge-P Triple Sensor Array Drives Advanced Climate Research 
Globenewswire· 2026-02-17 13:00
Superspectral 15-Band Analysis Supporting Forest Research by Shizuoka University in Japan’s Southern Alps ALLEN, Texas, Feb. 17, 2026 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (dba, EagleNXT) (the “Company” or “EagleNXT”) (NYSE: UAVS), a leading provider of full stack drone, sensors and software solutions for customers worldwide in the commercial and government verticals, today announced the sale of a MicaSense™ RedEdge-P Green sensor to Shizuoka University, completing the University’s MicaSense™ RedE ...
Franklin Electric Reports Fourth Quarter 2025 and Full Year 2025 Results
Globenewswire· 2026-02-17 13:00
Fourth Quarter 2025 Highlights - Fourth quarter 2025 net sales reached $506.9 million, a 4% increase from $485.7 million in the fourth quarter of 2024 [3][10] - Operating income for the fourth quarter 2025 was $51.6 million, up 20% from $43.0 million in the same quarter of 2024 [3][10] - Diluted EPS for the fourth quarter 2025 was $0.87, reflecting a 21% increase compared to $0.72 in the fourth quarter of 2024 [3][10] Full Year 2025 Highlights - Full year 2025 net sales totaled $2.1 billion, a 5% increase from $2.0 billion in 2024 [4][10] - Operating income for the full year 2025 was $269.0 million, a 10% increase from $243.6 million in 2024 [4][10] - Full year 2025 diluted EPS was $3.22, down from $3.86 in 2024, while adjusted diluted EPS was $4.14, up 6% from $3.92 in 2024 [4][10] Segment Performance - Water Systems segment net sales were $291.6 million in Q4 2025, a 4% increase from Q4 2024, with operating income rising to $41.8 million from $35.6 million [7][10] - Distribution segment net sales reached $161.6 million in Q4 2025, a 3% increase from Q4 2024, with operating income improving to $5.3 million from $0.5 million [8][10] - Energy Systems segment net sales were $74.7 million in Q4 2025, a 9% increase from Q4 2024, although operating income decreased to $22.6 million from $24.7 million [9][10] Cash Flow and Balance Sheet - The company ended 2025 with a cash balance of $99.7 million, down from $220.5 million at the end of 2024 [11] - Net cash flows from operating activities for 2025 were $238.9 million, compared to $261.4 million in 2024 [11] 2026 Guidance - The company expects full year 2026 sales to be in the range of $2.17 billion to $2.24 billion, with adjusted diluted EPS projected between $4.40 and $4.60 [12]
Fulcrum Therapeutics to Present 12-Week Data from the 20 mg Dose Cohort of the Phase 1b PIONEER Trial of Pociredir in Sickle Cell Disease
Globenewswire· 2026-02-17 13:00
CAMBRIDGE, Mass., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Fulcrum Therapeutics, Inc.® (Fulcrum) (Nasdaq: FULC), a clinical-stage biopharmaceutical company focused on developing small molecules to improve the lives of patients with genetically defined rare diseases, will host a conference call and webcast on Tuesday, February 24, 2026 beginning at 8:00 a.m. ET to present 12-week results from the 20 mg dose cohort of the Phase 1b PIONEER trial of pociredir in sickle cell disease. Members of Fulcrum management will ...
DIRTT Enters into Support Agreement and Appoints New Director
Globenewswire· 2026-02-17 13:00
CALGARY, Alberta, Feb. 17, 2026 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has entered into a support and standstill agreement (the "Support Agreement") with 22NW Fund, LP ("22NW"), DIRTT's largest shareholder, and 726 BF LLC and 726 BC LLC (collectively, the "726 Entities"). Pursuant to the terms of the Support Agreement, DIRTT has appointed Jeremy Gold, Managing Director, Briger ...
Provident Bank Strengthens Middle Market Lending Business with the Appointment of Industry Veteran Joseph A. Tammaro, Jr.
Globenewswire· 2026-02-17 13:00
ISELIN, N.J., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution has announced the appointment of Joseph A. Tammaro, Jr. as Executive Vice President, Head of Middle Market Lending. In this role, Mr. Tammaro will report to Bill Fink, Executive Vice President, Chief Lending Officer, and will be responsible for leading Provident’s Middle Market Lending Group, including business development, customer relationship management, portfolio performance, credit quality, ...
Vongvanith Named Kinetic’s First Chief Customer Officer; Brings Customer Voice to Senior Leadership
Globenewswire· 2026-02-17 13:00
Stacie Vongvanith Stacie Vongvanith is Kinetic's new Chief Customer Officer. LITTLE ROCK, Ark., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Kinetic, a leader in residential and business fiber internet, has elevated the customer voice with the creation of its new chief customer officer role. The position, which is the first of its kind at Kinetic, underscores the company’s customer-obsessed approach and commitment to delivering better technology, service, value and experience for customers. Industry leader Stacie ...
Erdene Expands Mineralization at Zuun Mod Molybedenum-Copper Project
Globenewswire· 2026-02-17 12:54
Core Viewpoint - Erdene Resource Development Corporation announced positive drilling results and updates on technical and economic studies at its Zuun Mod molybdenum-copper project, indicating improved mineralization and resource continuity, which will be included in a Preliminary Economic Assessment (PEA) expected in mid-2026 [2][3][10]. Drilling Results - A 3,362-metre drill program was completed, consisting of 24 holes, with significant results from the upper 150 metres of the Zuun Mod deposit, including multiple intersections of high-grade molybdenum and copper mineralization [4][5]. - Notably, hole ZMD-98 intersected nearly continuous mineralization over 374 metres, averaging 0.066% MoEq, and ended in mineralization at a depth of 450 metres [6][8]. Resource Update - The recent drilling results are expected to enhance the mineral resource estimates for the Zuun Mod project, building on the previous update from October 2025, which reported Measured and Indicated resources of 271.1 million tonnes grading 0.056% Mo and 0.064% Cu [7][19]. - The updated resource model will be utilized for the upcoming PEA, which will also include mining studies and metallurgical testwork [9][10]. Infrastructure and Market Conditions - Improved infrastructure in the Khundii Minerals District and strong demand for molybdenum and copper are favorable for the development of the Zuun Mod deposit [3][10]. - The PEA will consider current market conditions and the long-term outlook for molybdenum and copper, with completion targeted for Q3 2026 [9][10]. Khuvyn Khar Copper Discovery - The company is also developing drill targets for the Khuvyn Khar copper discovery, which is part of the same porphyry system as Zuun Mod, indicating potential for further resource expansion [3][11].
Virtuix Joins Meta's “Made for Meta” with AI-Powered 360-Degree Treadmill
Globenewswire· 2026-02-17 12:47
Core Insights - Virtuix Inc. has joined the Made for Meta program, enabling its Omni One treadmill to be compatible with Meta Quest headsets, thus expanding its market reach to millions of active users [2][3] Group 1: Company Developments - The collaboration with Meta positions Virtuix within a certified ecosystem, enhancing its consumer reach [2][3] - Virtuix's Omni One treadmill allows users to engage in immersive gameplay with natural movements in 360 degrees, combining gaming with physical activity [4] - The company reported a significant revenue growth of 138% year-over-year for the six months ending September 30, 2025, and has the capacity to produce up to 3,000 units per month, equating to approximately $100 million in annual revenue potential [5] Group 2: Market Positioning - Meta operates one of the largest immersive platforms globally, with tens of millions of Quest headsets in circulation, indicating a robust market for Virtuix's products [3] - The Made for Meta program allows select third-party manufacturers to create certified products that integrate with Meta's ecosystem, which could enhance Virtuix's product visibility and sales [3] Group 3: Future Outlook - Virtuix plans to provide further details regarding product compatibility and timing in the future, indicating ongoing development and strategic planning [3]
Fusemachines Launches 9th Year of AI Fellowship Program, Expanding Access to AI Education for 100 AI Fellows
Globenewswire· 2026-02-17 12:45
Core Insights - Fusemachines Inc. has launched the 9th year of its AI Fellowship Program, welcoming 100 new fellows from diverse backgrounds and geographies [1][2] Group 1: AI Fellowship Program - The AI Fellowship Program aims to democratize AI by providing access to high-quality education and hands-on training [2][5] - The 2026 cohort will experience a hybrid learning format, combining online instruction with immersive onsite exercises [2][3] - The program focuses on machine learning, generative AI, data science, and applied AI systems, enhancing problem-solving skills through collaborative projects [3][4] Group 2: Impact and Reach - Since its inception in 2017, the program has empowered over 1,200 fellows across 12 countries, contributing to Fusemachines' growth strategy [4] - Alumni of the program are now working in various sectors, including technology companies, startups, research institutions, and public sector organizations [4] - The program reflects the company's commitment to inclusivity, ensuring that underserved communities have equal opportunities in AI education [5] Group 3: Company Overview - Fusemachines, founded in 2013, is a global provider of enterprise AI products and services, with a mission to democratize AI [7][8] - The company offers a suite of AI solutions to help organizations implement and scale AI, serving industries such as retail, manufacturing, and government [7]
VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc.
Globenewswire· 2026-02-17 12:45
Core Insights - Catheter Precision, Inc. has made a strategic minority investment in Fly Flyte, Inc., a regional aviation operator, to gain immediate exposure to a revenue-generating, asset-backed business in the air mobility sector [1][10] Investment Overview - The investment allows Catheter Precision to acquire a 19.98% equity ownership in Flyte, providing access to one of the fastest-growing segments of private aviation [7] - Flyte operates under FAA certification and is currently generating revenue with its fleet of Cirrus Vision Jets, which are equipped with advanced safety features [2][8] Strategic Positioning - Flyte is positioned to benefit from the anticipated future commercialization of electric vertical takeoff and landing (eVTOL) aircraft, operating in the same corridors targeted for future electric aircraft integration [5][6] - The company leverages certified aircraft and established infrastructure to generate active revenue and customer engagement, which is crucial for long-term capital investment [6][9] Operational Efficiency - Flyte employs AI-enabled optimization across various operational aspects, including routing, pricing, and dispatch, contributing to a capital-efficient growth model [8] - The company maintains a disciplined approach to expansion, targeting scalable revenue growth while preserving capital efficiency [4][11] Long-Term Value Creation - The investment reflects a broader strategy of Catheter Precision to deploy capital into businesses with scalable infrastructure and clear paths to long-term value creation [10][16] - Flyte's model is designed for disciplined execution and measured growth, positioning it well for the evolving regional air mobility landscape [11]