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Virco Reports Loss of $1.3 Million in Third Quarter as Cyclical Decline Begins to Slow
Globenewswire· 2025-12-08 13:30
Revenue through Nine Months Down 27.0% to $173.5 MillionNet Income through Nine Months is $9.6 MillionKey Balance Sheet Metrics Continue to Improve as Current Ratio Reaches 3.98Backlog Pulls Nearly Even on YOY Basis as Order Rates Begin to StabilizeBoard Declares Quarterly Cash Dividend of $0.025 per Share, Payable January 9, 2026 to Shareholders of Record as of December 19, 2025 TORRANCE, Calif., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and supplier of ...
Moleculin Announces New Annamycin Collaboration in Brain Tumors
Globenewswire· 2025-12-08 13:21
Investigator-Initiated Preclinical studies at CIC biomaGUNE aimed at combatting Glioblastoma Multiforme Research will evaluate effects of intra-arterial delivery of Annamycin HOUSTON, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Moleculin Biotech, Inc., (Nasdaq: MBRX) (“Moleculin” or the “Company”), a late-stage pharmaceutical company with a broad portfolio of drug candidates targeting hard-to-treat cancers and viral infections, today announced it has entered into a research and material transfer agreement with CIC ...
Dundee Corporation Announces Sale of New Found Gold Corp. Units for Up to C$159.1 Million
Globenewswire· 2025-12-08 13:21
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (“Dundee” or the “Corporation”) is pleased to announce that it has entered into an agreement with BMO Capital Markets Inc. and SCP Resource Finance LP (together, the “Dealers”) to sell 24,480,000 units (the “Units”) at a price of C$4.00 per Unit to ...
American Rare Earths Appoints Mark Wall as Chief Executive Officer to Lead Next Phase of U.S. Growth
Globenewswire· 2025-12-08 13:17
Core Viewpoint - American Rare Earths has appointed Mark Wall as the new CEO, effective January 5, 2026, to lead the company in its transition from an explorer to a U.S. producer of rare earth elements [1][2]. Company Developments - Mark Wall brings over 30 years of global mining experience, including senior leadership roles in major mining companies, which aligns with the company's goals [2]. - The company has achieved significant milestones, including an upgraded mineral resource estimate for the Cowboy State Mine and advancements in impurity removal processes [3]. - American Rare Earths is advancing a pre-feasibility study and planning a demonstration plant to validate its processing flowsheet [4][5]. Strategic Focus - Under Wall's leadership, the company will focus on completing the Halleck Creek prefeasibility study, advancing the demonstration plant, and leveraging relationships for non-dilutive funding opportunities [5][6]. - The company is also preparing for a potential U.S. listing to broaden its investor base and reflect its U.S. project footprint [5][6]. Project Significance - The Halleck Creek project is positioned to reduce U.S. reliance on rare earth imports, particularly from China, and is essential for national defense and economic security [9]. - The project benefits from cost-efficient open-pit mining methods and streamlined permitting processes in Wyoming, enhancing its potential for securing America's critical mineral independence [8][9].
ASUS Republic of Gamers Announces CES 2026 ROG — Dare to Innovate Virtual Launch Event
Globenewswire· 2025-12-08 13:15
Core Insights - ASUS Republic of Gamers (ROG) is set to unveil new gaming innovations at the CES 2026 virtual launch event on January 5, 2026 [3] - The event commemorates ROG's 20th anniversary, highlighting two decades of innovation and community-driven progress in gaming technology [4] - The upcoming product lineup includes next-level gaming systems, revolutionary cooling solutions, and high-clarity displays, featuring world-first technologies [5] Company Overview - ROG is an ASUS sub-brand established in 2006, dedicated to creating high-performance gaming hardware and software [8] - The brand is known for its innovative products, including motherboards, graphics cards, laptops, desktops, and gaming peripherals, and has a strong presence in international gaming events [8] Event Details - The CES 2026 ROG event will be streamed globally on YouTube, allowing gamers and enthusiasts to witness the future of gaming [6] - A hands-on demonstration of ROG products will be available at the ASUS & ROG CES 2026 Media Showroom in Las Vegas from January 5 to January 8, 2026 [5][6]
Treasure Global Updates 2026 Revenue Outlook: Targeting 1,500% Growth Through Fintech and Digital Asset Expansion
Globenewswire· 2025-12-08 13:15
Core Insights - Treasure Global Inc. has updated its full-year 2026 revenue target to approximately USD 3 million, reflecting a projected revenue increase of over 1,500% for the remainder of 2026 compared to Q1 2026 revenues of USD 182,527, driven by the adoption of its fintech and digital asset ecosystem [1][2][9] Revenue Growth Drivers - The updated revenue target is a significant increase from the previous target of approximately USD 1 million announced on December 1, 2025, due to a strengthened capital plan and increased visibility into the commercialization of the OXI wallet and other initiatives [2] - The OXI wallet is set for a market launch in the first half of 2026, expected to manage up to USD 10 billion in user-held digital assets in its first year, generating revenue from various fee-based services [4] - Treasure Global has secured an exclusive partnership to manage 200 million UNIRWA tokens, which could represent up to USD 100 million in underlying assets, contributing to revenue through management and transaction fees [5] - The proposed acquisition of a 51% equity interest in Quarters Elite, managing approximately USD 150 million in client assets, is expected to enhance distribution channels and support recurring revenue streams [6][7] Strategic Initiatives - The combination of the OXI wallet, UNIRWA token initiative, and Quarters Elite acquisition aims to create a connected fintech and digital asset ecosystem, driving revenue growth and diversifying the company's income base [7] - Management emphasizes the scalability and earnings potential of the evolving ecosystem, with a focus on disciplined execution and sustainable growth [8][9] Operational Enhancements - A recent 1-for-20 reverse stock split has been completed to strengthen the per-share price and align with Nasdaq listing requirements, part of ongoing efforts to optimize capital structure [3] - The company is committed to operational efficiency and strategic expansion across fintech and e-commerce verticals to achieve its updated revenue targets [9]
Syntec (Nasdaq: OPTX) Receives a New $1.9 Million Space Optics Order for Delivery in Next 3 Months; Building upon $2.6 Million Shipments in 2025
Globenewswire· 2025-12-08 13:15
Core Viewpoint - Syntec Optics Holdings, Inc. has secured a new order worth approximately $1.9 million for Low Earth Orbit (LEO) satellite optics, indicating strong demand and operational execution in the space optics sector [1][2][4]. Company Performance - From January to November 2025, Syntec Optics shipped over $2.6 million in space optics, showcasing its transition from development to large-scale production [2][4]. - The company has experienced a compounding trend in order volume for its space optics, with projections to nearly triple deliveries in 2026 if the current rate is sustained [3][4]. Market Demand - The demand for LEO satellite optics is increasing at an accelerated pace, driven by customer needs to scale their satellite constellations [4]. - Goldman Sachs estimates that the satellite market could grow from $15 billion to $108 billion by 2035, while Morgan Stanley forecasts the global space economy will reach $1 trillion by 2040 [5]. Strategic Positioning - Syntec Optics has established itself as a critical partner in the space economy, providing lightweight, high-precision optics essential for satellite communications and earth observation [4]. - The company's vertically integrated manufacturing platform has enabled it to maintain high yields while increasing production volume, which is crucial for securing repeat orders from industry leaders [4].
Aeries Technology Demonstrates 60% AP Processing Acceleration with AI-Powered Invoice Automation
Globenewswire· 2025-12-08 13:15
Core Insights - Aeries Technology, Inc. has successfully completed a three-month proof of concept with a leading enterprise healthcare organization to modernize accounts payable operations, validating the market opportunity in the $7.1 billion global accounts payable automation sector [1][2]. Company Overview - Aeries Technology is a global leader in AI-enabled value creation and business transformation, founded in 2012, and has received the Great Place to Work Certification for two consecutive years [3]. Industry Insights - The global accounts payable automation market is projected to reach USD 7.1 billion by 2030, growing at a CAGR of 12.5%, with North America accounting for 33.2% of global revenue [2]. - Aeries' consulting-led model is positioned to capture market share by offering rapid, results-driven proof of concepts, which help enterprises validate AI business cases before full deployment [2]. Performance Metrics - Document field extraction accuracy exceeded 70% during the proof of concept [5]. - Invoice processing time dropped by approximately 60%, and operations now run error-free with AI-powered exception handling [5].
Shenzhen Jewellok Technology Expands Portfolio of Stainless Steel Ultra High Purity Diaphragm Valves, Setting New Standards for Specialty Gas Control Systems
Globenewswire· 2025-12-08 13:11
Core Insights - Shenzhen Jewellok Technology Co., Ltd. has announced an upgraded product line that includes Stainless Steel Ultra High Purity Diaphragm Valves and Ultra High Purity Specialty Gas Valves, reinforcing its leadership in precision gas delivery and safety engineering [1][6]. Product Offerings - The company specializes in ultra-high-purity gas valves and pressure control equipment primarily made from 316L stainless steel, known for its corrosion resistance and durability [2]. - The product portfolio includes various types of valves such as high-purity pressure regulating valves, pressure reducing valves, and diaphragm valves, among others [2]. Technical Specifications - The newly enhanced Stainless Steel Ultra High Purity Diaphragm Valves are designed for inert and reactive specialty gases, featuring precision-machined components and optimized sealing performance to ensure minimal dead volume and low particle generation [3]. - Jewellok's proprietary High Purity Diaphragm Valves technology focuses on sealing mechanisms and contamination control, ensuring exceptional leak integrity and consistent pressure regulation [5]. Ecosystem of Solutions - In addition to valves, Jewellok offers a complete ecosystem for specialty gas handling, including gas changeover manifolds, high-purity gas distribution pipelines, and advanced gas cabinets [4]. - These products are designed to establish safe and efficient gas delivery infrastructures for various applications [4]. Commitment to Innovation - The company is committed to delivering best-in-class solutions for ultra-high-purity gas control, continuously investing in R&D and automated production technologies to meet global demand [6]. - Strict quality control protocols are followed in the manufacturing facility to ensure exceptional performance and durability of all components [6].
Subsea7 awarded contract offshore for BC-Wind project in Poland
Globenewswire· 2025-12-08 13:08
Core Insights - Subsea 7 S.A. has been awarded a significant contract by Ocean Winds for the BC-Wind project, marking its third contract in the Polish offshore wind market [1][3] - The BC-Wind project will be located in the Baltic Sea, approximately 23 kilometers off the Polish coast, and will consist of 26 wind turbine generators [2] - Seaway7's responsibilities include the transport and installation of 26 transition pieces and an offshore substation, with offshore activities expected to begin in 2027 [2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [3] - The company aims to support the evolving energy sector by providing efficient offshore solutions [3]