Rogers First to Launch Satellite-to-Mobile Service with Must-Have Apps
Globenewswire· 2025-12-09 11:00
Rogers covers Canada coast-to-coast with new serviceService now includes voice and video calling with popular appsLaunches satellite-to-mobile IoT service for businesses TORONTO, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Rogers Communications today announced the launch of Rogers Satellite, a first of its kind service that will keep Canadians connected. The new service now includes popular apps that offer voice and video calling. “We’re proud to be the first and only provider in the country to offer this ground-brea ...
Tims China Announces Third Quarter 2025 Financial Results
Globenewswire· 2025-12-09 10:45
Core Insights - TH International Limited, the exclusive operator of Tim Hortons in China, reported a 12.8% year-over-year increase in system sales, reaching RMB 419.9 million (USD 59.0 million) for Q3 2025 [1][7] - The company achieved a positive same-store sales growth of 3.3% for company-owned and operated stores, while system-wide same-store sales growth was 1.3% [1][7] - The number of registered loyalty club members grew to 27.9 million, reflecting a 22.3% year-over-year increase [1][7] Financial Performance - Total revenues for Q3 2025 were RMB 358.0 million (USD 50.3 million), a slight decrease of 0.4% from RMB 359.6 million in Q3 2024 [7][8] - Company-owned and operated store contribution was RMB 21.8 million (USD 3.1 million), down from RMB 39.9 million in the same quarter of 2024 [7][8] - The adjusted corporate EBITDA was a loss of RMB 15.0 million (USD 2.1 million) for Q3 2025, compared to a gain of RMB 2.0 million in Q3 2024 [15] Operational Highlights - The company opened a net total of 15 new stores during the quarter, with 38 made-to-order (MTO) stores opened and 23 non-MTO stores closed [7] - The total number of stores reached 1,030 as of September 30, 2025, with 551 company-owned and operated stores and 479 franchised stores [20] - The company reported a year-over-year increase of 58.2% in profits from other revenues during the quarter [5] Cost and Expense Management - Company-owned and operated store costs and expenses were RMB 278.2 million (USD 39.1 million), a decrease of 0.5% from RMB 279.6 million in Q3 2024 [8] - Marketing expenses decreased by 14.4% to RMB 15.8 million (USD 2.2 million) due to cost optimization measures [11] - General and administrative expenses increased by 30.3% to RMB 51.8 million (USD 7.3 million), primarily due to higher outside service fees and impairment losses [12] Debt and Financing Activities - The company successfully issued approximately USD 89.9 million in senior secured convertible notes due September 2029, which will support the development of its store network [5][22] - The restructuring of unsecured convertible notes due 2027 was also announced, along with the repurchase of outstanding amounts due under variable rate convertible senior notes due 2026 [5][22] Sustainability Initiatives - Tims China launched an eco-friendly straw in collaboration with Tencent's CarbonXmade program, aiming to promote sustainability among consumers [23]
Gold Exchange Enters the Digital Age: Antalpha Launches Physical Gold - XAU₮ Exchange Service in Hong Kong
Globenewswire· 2025-12-09 10:33
Core Insights - Antalpha has partnered with Malca-Amit to create a seamless exchange service for Tether Gold (XAU₮) and physical gold in Hong Kong, highlighting gold's role as a stable asset amid global economic volatility [1][9] - The market capitalization of XAU₮ has increased significantly from approximately $800 million to $2.2 billion in five months, indicating a shift towards digital gold ownership [2] - Antalpha aims to enhance the security of XAU₮ through collaboration with Malca-Amit, leveraging LBMA standards and establishing a gold reserve mechanism for better risk management [3][4] Security and Infrastructure - Malca-Amit, as a full LBMA member, holds ISO certifications for quality and information security, ensuring high standards for the custody of physical assets [4] - Antalpha is developing a "physical-digital" ecosystem by deploying vault nodes in major financial centers, linking custodians and trading platforms to facilitate asset exchange [7] - The partnership aims to reduce the settlement cycle for gold exchanges to T+1 business days, improving efficiency for clients [8] Market Strategy - Antalpha's strategy focuses on creating a resilient infrastructure for gold trading, positioning XAU₮ as a key asset similar to Bitcoin, due to its historical value retention [5] - The company is enhancing the XAU₮ ecosystem by improving market-making networks and providing innovative lending solutions to increase liquidity [6] - Starting December 12, Antalpha will offer bulk exchange services for institutional clients, allowing for physical delivery of gold in Hong Kong [9][10]
Preliminary profit of continuing operations in financial year 2024/25 and guidance for FY 2025/26
Globenewswire· 2025-12-09 10:14
Group 1 - The company has released Company Announcement no 10 - 2025, indicating important updates or changes [1]
PODpartner Enhances Shenzhen Production Operation to Support High-End Fashion On Demand
Globenewswire· 2025-12-09 10:06
Core Insights - PODpartner has enhanced its Shenzhen production operation to provide creators with greater flexibility and control in building fashion brands on demand, addressing common limitations faced by designers in the print-on-demand (POD) industry [3][4][6] Group 1: Production Enhancements - The upgraded facility supports up to 18 print positions on a single garment, allowing for more creative design options and the ability to combine direct-to-garment (DTG) printing and embroidery within the same design area [4][16][18] - PODpartner's vertically integrated model eliminates delays associated with traditional POD workflows, enabling most orders to be produced within 48 hours by co-locating garment inventory, printing, and embroidery processes [13][14][30] - The company employs proprietary workflow software to dynamically route orders based on specific requirements, enhancing responsiveness to demand fluctuations [15][30] Group 2: Design Capabilities - The facility allows for printing on non-traditional areas of garments, such as interior labels and pockets, enabling a holistic approach to garment design [16][20] - PODpartner's hybrid workflow technology allows for the simultaneous application of DTG printing and embroidery, creating layered and three-dimensional design effects [18][20] - The introduction of jumbo DTG printing with a maximum print area of 24 inches by 24 inches enables large-scale graphics, aligning with the needs of streetwear brands [23][24] Group 3: Branding and Customization - PODpartner offers on-demand branding elements, such as hang tags and custom labels, allowing small businesses to present fully branded products without upfront inventory costs [25][26] - The platform includes free Shopify customization tools that enable end customers to personalize products during the purchasing process, enhancing customer engagement [27] Group 4: Quality Control and Competitive Advantage - A multi-stage quality control process ensures consistency across customized orders, with inspections at various production stages [28] - PODpartner's model contrasts with traditional POD providers by controlling the entire production pipeline, allowing for greater flexibility and faster production times [30][31]
Reborn Coffee Issues Shareholder Update Highlighting Premium Financing, Strengthened Equity Position, Technology Transformation, Global Licensing Momentum, and Expected Return to Sustainable Positive Cash Flow in the First Quarter
Globenewswire· 2025-12-09 10:00
Core Insights - Reborn Coffee, Inc. has released a shareholder update detailing its premium-priced equity financings and growth initiatives as it prepares for 2026 [1][2] Financial Strengthening - The company secured $6.5 million in equity commitments at $5.45 per share, a significant premium to its market price, indicating strong investor confidence [2] - These financings enhance stockholders' equity and address previous deficiencies, providing a stronger foundation for the company as it navigates Nasdaq's hearing process [3] Technology Transformation - Reborn is undergoing a major technology transformation, moving beyond traditional coffee retailing to a fully integrated, omni-channel operating platform [4] - This platform offers real-time insights into sales, labor, and customer behavior, facilitating data-driven decision-making and improving operational efficiency [5][6] Operational Improvements - The U.S. retail stores are experiencing improved operational momentum, with gains in labor efficiency, service speed, and tighter cost controls, leading to more predictable performance [10] - The company anticipates achieving sustainable positive cash flow starting in the first quarter of 2026 [10] Global Expansion Strategy - Reborn's long-term growth strategy focuses on an asset-light global licensing model, with approximately ten countries currently under licensing agreements [11] - The company is also expanding into distribution licensing for Reborn-branded consumer products, creating high-margin revenue streams [12] Flagship Developments - A key milestone is the development of a flagship location within Tencent's global headquarters in Shenzhen, which will showcase Reborn's technology-driven retail model [14] - This location is expected to serve as a brand center and operational hub for supporting international partners [13] Strategic Positioning - With a strengthened capital structure, improving operational performance, and an expanding international licensing network, Reborn enters 2026 from a strong strategic position [15] - The company aims to leverage these initiatives to drive sustainable positive cash flow, marking a significant operational inflection point [15]
NORBIT – Results of the 2025 employee incentive program and mandatory trade notification
Globenewswire· 2025-12-09 09:52
Core Points - NORBIT ASA has approved an incentive share purchase program for its employees, with 286 participants involved [1] - The program is structured as a share matching initiative, allowing employees to acquire shares at market value and receive compensation in new shares equivalent to their investment after 24 months, contingent on certain conditions [2] - A total of 76,077 shares were subscribed in this year's program, with a subscription price set at NOK 172.481, based on the five-day average volume weighted price prior to December 1, 2025 [3] Company Overview - NORBIT ASA is a global provider of tailored technology solutions, focusing on sustainability and innovation across three business segments: Oceans, Connectivity, and Product Innovation & Realization [5] - The Oceans segment offers technology solutions for global maritime markets, while the Connectivity segment provides wireless solutions for identification, monitoring, and tracking [5] - The Product Innovation & Realization segment delivers R&D services, proprietary products, and contract manufacturing to key customers [5] - The company is headquartered in Trondheim, employs around 650 people, and has manufacturing facilities in Europe and North America [5]
Solar A/S: No. 18 2025 Major shareholder announcement
Globenewswire· 2025-12-09 09:02
Core Points - UBS AG has acquired a total of 405,631 shares of Solar B, representing an ownership stake of 5.07% following a purchase on December 3, 2025 [1] Company Overview - Solar is a leading European sourcing and services company focused on electrical, heating and plumbing, ventilation, climate, and energy solutions [2] - The company generated approximately DKK 12.2 billion in revenue in 2024 and employs around 2,900 people [3] - Solar is listed on Nasdaq Copenhagen under the designation SOLAR B and is headquartered in Denmark [3] Business Focus - The core business of Solar revolves around product sourcing, value-adding services, and optimizing customers' operations [2] - The company emphasizes efficiency improvement and provides digital tools to enhance customer success [3] - Solar is committed to driving the green transition and offers best-in-class solutions for sustainable resource use [3]
VIOMI Achieves Breakthrough Black Friday and Cyber Monday Results in U.S., Establishes Solid Foundation for Growth in 2026
Globenewswire· 2025-12-09 08:50
Core Insights - VIOMI Technology Co., Ltd. achieved significant commercial milestones during the 2025 Black Friday and Cyber Monday sales period, ranking in the Top 19 in the Amazon U.S. water purifier category and No. 4 in its subcategory, marking a breakthrough in North America [1] Commercial Performance - As of November 2025, VIOMI's U.S. market sales revenue is surpassing that of comparable peer brands at similar market entry stages, reflecting the company's technological capabilities and product competitiveness [3] Intellectual Property and Manufacturing - VIOMI has secured 1,847 patents in water purification, including 690 invention patents, supporting ongoing product innovation [4] - The company established a "Water Purifier Gigafactory" with a capital investment of approximately USD 150 million, providing an annual production capacity of 5 million water purifiers and 30 million filter elements, ensuring consistent manufacturing standards and cost control [4] Product Strategy - The MASTER M1 AI Alkaline Mineral Water Purifier is expected to be a core growth driver in the U.S. market, addressing North American water quality challenges such as PFAS contamination [5][6] Market Expansion Strategy - VIOMI plans to enhance its U.S. presence through a differentiated growth strategy, including establishing a local sales team, expanding its Amazon footprint, and introducing new products [7] Leadership Perspective - The CEO emphasized the importance of the North American market in VIOMI's long-term strategy, highlighting the company's commitment to achieving tenfold growth in 2026 and advancing R&D investments [8] Company Mission - VIOMI's mission, "AI for Better Water," focuses on delivering advanced drinking water solutions, enhancing water quality and user experience through AI-powered technologies [9]
Panzhihua, China: Building a Full Hydrogen Energy Industry Chain and Releasing an Investment Portfolio Worth Over 10 Billion Yuan
Globenewswire· 2025-12-09 08:41
Core Insights - Panzhihua is positioning its hydrogen energy sector as a key driver for urban transformation and industrial upgrading, with a total investment scale exceeding 10 billion yuan [1][2] Investment Opportunities - The city unveiled a comprehensive package of investment opportunities across the hydrogen value chain, including production, storage, transportation, and application [1][3] - Specific projects include an integrated "PV power generation + hydrogen production + equipment manufacturing" cluster in the East District, a large-scale green hydrogen and synthetic ammonia base in the West District, and a focus on fuel-cell applications in Renhe District [3] Ecosystem Development - Panzhihua has established a hydrogen energy ecosystem with 19 hydrogen-related enterprises and several demonstration projects in progress [4] - A policy package and supply-and-demand cooperation list have been released to support the hydrogen sector, facilitating efficient matchmaking and clustered development [4][5] Demand and Supply Dynamics - The demand list includes products and services such as fuel-cell components, hydrogen-production equipment, and hydrogen-powered vehicles, while the supply list features fuel-cell systems and key materials [5] Policy Support - A robust provincial and municipal policy framework provides support through project development, cost subsidies, financial incentives, and talent attraction, including grants of up to 5 million yuan for hydrogen refueling stations [6] - The government has facilitated internal circulation within the industrial chain, lowering barriers to collaboration for businesses [6][7] Strategic Insights - Panzhihua's approach of leveraging resource endowments and industrial strengths, along with a supply-and-demand-driven strategy, offers valuable insights for other regions aiming to develop similar industries [7]