Fluence and Torch Clean Energy Partner to Deliver 160 MW / 640 MWh Winchester Battery Energy Storage System
Globenewswire· 2025-10-15 13:00
Core Insights - Fluence Energy, Inc. and Torch Clean Energy are collaborating on the Winchester project, a solar-plus-storage facility in Cochise County, Arizona, utilizing Fluence's Gridstack Pro 5000 energy storage solution, with delivery expected in early 2027 [1][2][4] Company Overview - Fluence Energy is a global leader in intelligent energy storage systems and asset optimization software, with a focus on creating a more resilient grid and enhancing renewable energy portfolios [7] - Torch Clean Energy specializes in developing and operating renewable energy assets, having originated and sold over 1.2 gigawatts of renewable power assets [5] Project Details - The Winchester project will feature two 80 MW solar arrays, providing a total of 160 MW / 640 MWh of energy storage capacity [2] - The Gridstack Pro 5000 solution will include domestically manufactured components, qualifying the facility for domestic content tax credits and supporting U.S. manufacturing [3] Economic Impact - The project aims to support grid balancing, forecasted load growth, and economic development in Cochise County, Arizona [2][4] - Fluence has deployed or contracted over 22 GWh of battery energy storage capacity across more than 90 projects in the U.S., enhancing the reliability and cost-effectiveness of the grid [4]
FutureFuel Announcement and Update.
Globenewswire· 2025-10-15 13:00
Core Insights - FutureFuel Corp. has announced updates regarding its business operations, including new production capabilities and strategic decisions related to biodiesel and corporate structure [1]. Chemicals - The company has initiated a new specialty chemical production investment, which will enhance vertical integration and provide products to the market. Production volume is expected to increase throughout Q4 2025, contributing significantly to sales starting in Q1 2026 [2]. Biodiesel - In June 2025, FutureFuel decided to idle its biodiesel production due to regulatory uncertainties and high input costs. However, recent clarity regarding support under IRA 45Z and improved input market conditions have led to optimism about restarting biodiesel production in Q4 2025 [3]. Headquarters Location - FutureFuel will close its remote headquarters in St. Louis, Missouri, consolidating all corporate activities and key personnel at its Batesville, Arkansas production facility to streamline operations [4]. Company Overview - FutureFuel is a manufacturer of diversified chemical products, including custom and performance chemicals, as well as biofuels. Its product portfolio includes specialty chemicals for specific customers and multi-customer applications, with a focus on biodiesel production in its biofuels segment [5].
Progress Software Launches Automate MFT: The Next Generation of File Transfer Solutions, Cutting File Transfer Costs by Up to 50%
Globenewswire· 2025-10-15 13:00
Core Insights - Progress Software has launched Progress® Automate MFT, a new SaaS solution aimed at redefining secure file transfer automation for modern enterprises [1][3]. Industry Challenges - Businesses are increasingly pressured to manage sensitive data efficiently while dealing with aging infrastructure and strict compliance requirements, leading to inefficiencies and security vulnerabilities [2]. - Legacy file transfer systems are costly to maintain and difficult to scale, posing compliance and security risks [4]. Product Features - Automate MFT offers a scalable, cloud-native platform that reduces reliance on scripting and administrative burdens, potentially lowering total cost of ownership by up to 50% compared to traditional systems [3]. - Key features include a microservices-based architecture, no-code automation builder, shared credential libraries, organizational tools for task management, task versioning, and enterprise-grade security compliance [7]. Market Position - Automate MFT is positioned as a modern solution to meet the automation needs of organizations, allowing them to modernize operations and focus on innovation while ensuring data security [6]. - Progress Software emphasizes its commitment to delivering secure and scalable solutions for data movement, reinforcing its position in the managed file transfer market [6].
NewLake Capital Partners to Host Third Quarter 2025 Earnings Call on November 6th at 11:00 a.m. ET
Globenewswire· 2025-10-15 13:00
Core Viewpoint - NewLake Capital Partners, Inc. is set to announce its financial results for the third quarter of 2025 on November 6, 2025, highlighting its role as a key provider of real estate capital to state-licensed cannabis operators [1][2]. Group 1: Earnings Call Details - The earnings call will take place on Thursday, November 6, 2025, at 11:00 a.m. ET [2]. - Interested parties can join the live call via U.S. toll-free number 1-877-407-3982 or international number 1-201-493-6780 [2]. - A dial-in replay will be available until November 20, 2025, accessible through U.S. toll-free number 1-844-512-2921 or international number 1-412-317-6671, with a replay pin number of 13756168 [2]. Group 2: Company Overview - NewLake Capital Partners, Inc. operates as an internally-managed real estate investment trust, focusing on providing real estate capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects [3]. - The company owns a portfolio of 34 properties, which includes 15 cultivation facilities and 19 dispensaries, all leased to single tenants on a triple-net basis [3].
Plumas Bancorp Reports Third Quarter 2025 Earnings
Globenewswire· 2025-10-15 13:00
Core Points - Plumas Bancorp reported third-quarter 2025 earnings of $5.1 million or $0.74 per share, a decrease from $7.8 million or $1.33 per share in the same quarter of 2024 [1] - The annualized return on average assets fell to 0.90% from 1.84% year-over-year, while the return on average equity decreased from 18.1% to 8.5% [1] - The company completed the acquisition of Cornerstone Community Bank, which significantly impacted its financial results [3][9] Financial Performance - For the nine months ended September 30, 2025, net income was $18.6 million or $2.98 per share, down from $20.9 million or $3.54 per share in the same period of 2024 [2] - Net interest income increased by $6.3 million in Q3 2025, totaling $25.2 million, while the provision for credit losses rose by $5.8 million [1][33] - Non-interest income for Q3 2025 was $2.2 million, a slight increase from the previous year, with notable gains from the acquisition [48] Acquisition Details - The acquisition of Cornerstone Community Bank added $658 million in total assets, $478 million in gross loans, and $580 million in deposits [3] - Goodwill from the acquisition amounted to $18.7 million, with a core deposit intangible of $11.6 million [3] - The acquisition resulted in various non-recurring expenses totaling $6.2 million for Q3 2025 [4] Balance Sheet Highlights - Total assets increased by 34% to $2.23 billion as of September 30, 2025, compared to $1.66 billion a year earlier [61] - Gross loans rose by 49% to $1.5 billion, while total deposits increased by 35% to $1.8 billion [11][13] - Shareholders' equity grew by 35% to $246 million, driven by earnings and stock issued during the acquisition [23] Asset Quality - Nonperforming assets increased to $15.2 million, representing 0.68% of total assets, up from 0.29% a year prior [17] - The provision for credit losses for the first nine months of 2025 was $6.5 million, significantly higher than $1.3 million in the same period of 2024 [18] Net Interest Income and Margin - Net interest margin for Q3 2025 was 4.83%, up from 4.76% in Q3 2024 [40] - Interest income from loans increased by $8.0 million, primarily due to growth in the loan portfolio related to the acquisition [34] - Interest expense rose to $4.6 million, largely due to the acquisition, with the average rate on interest-bearing liabilities increasing from 1.52% to 1.67% [37][39] Non-Interest Expense - Total non-interest expense for Q3 2025 was $15.1 million, an increase of $4.3 million from the previous year, driven by merger-related costs and increased salary expenses [49] - For the nine months ended September 30, 2025, non-interest expense totaled $37.6 million, up from $31.6 million in the same period of 2024 [51]
OMNIQ Accelerates Nationwide Mobile License Plate Recognition Growth with Eight New Deployments as Demand for Smarter Real-Time Enforcement Grows
Globenewswire· 2025-10-15 12:45
OMNIQ ACCELERATES MOBILE LPR AS DEMAND GROWS www.omniQ.com MLPI VEHICLE Mobile LPR in Action SALT LAKE CITY, Oct. 15, 2025 (GLOBE NEWSWIRE) -- OMNIQ (OTCMKTS: OMQS) (“OMNIQ” or “the Company”) today announced the continued rollout of eight new AI-based Mobile License Plate Inventory (MLPI, including Total Vehicle Recognition) deployments across airports, healthcare systems, and business complexes in 2025. The expansion reflects growing nationwide demand for flexible, data-secure access and enforcemen ...
Propanc Biopharma Announces Strategic Financing Agreement of up to $100 Million with Hexstone Capital
Globenewswire· 2025-10-15 12:45
Core Insights - Propanc Biopharma has entered into a strategic financing agreement with Hexstone Capital for up to $100 million to accelerate its clinical pipeline development [1][4] - The initial conversion price for the preferred stock is set at $5.00 per share, representing a 280% premium over the recent closing price of $1.78 [1][3] - The financing aims to grow Propanc's treasury to a value of $100 million or more within the next twelve months, capitalizing on the evolving digital asset ecosystem [1][6] Transaction Overview - Propanc will issue 100 shares of Series C Convertible Preferred Stock with an initial investment of $1 million [2] - The preferred stock is convertible into common stock at an initial conversion price of $5.00 per share, with a beneficial ownership limitation of 4.99% [3] - Propanc will also issue 9,900 warrants to Hexstone, allowing the purchase of preferred stock at $9,999.99 each, totaling up to $99 million in potential funding [4] Company Background - Propanc Biopharma is focused on developing a novel therapeutic approach to prevent the recurrence and metastasis of solid tumors, particularly targeting pancreatic, ovarian, and colorectal cancers [6][7] - The company's lead product candidate aims to eradicate cancer stem cells by leveraging the anti-cancer potential of pancreatic proenzymes [6]
Asante Provides Further Update on Upcoming Shareholder Meeting and the Availability of Proxy Materials
Globenewswire· 2025-10-15 12:42
Core Points - Asante Gold Corporation is reminding shareholders about the upcoming meeting due to the suspension of postal services in Canada caused by a labor strike, which began on September 25, 2025 [1][2] - The meeting is scheduled for October 21, 2025, at 10:00 a.m. Toronto time, and will cover various resolutions including the election of directors and the appointment of auditors [4][9] Meeting Details - Date and Time: October 21, 2025, at 10:00 a.m. (Toronto time) [4] - Location: 100 King Street West, Suite 3400, Toronto, Ontario, Canada [4] - Matters to be voted on include: 1. Fixing the number of directors at seven [4] 2. Electing directors for the ensuing year [4] 3. Appointing the auditor and authorizing directors to fix the auditor's remuneration [4] 4. Approving the Company's omnibus equity incentive plan [4] 5. Approving the Company's employee share purchase plan [4] 6. Transacting other business as may properly be brought before the meeting [4] Access to Meeting Materials - Due to the ongoing strike, shareholders in Canada are encouraged to access proxy-related materials electronically on SEDAR+ and the Company's website [2][5] - Non-Canadian shareholders are not expected to be affected by the strike regarding the delivery of meeting materials [2] Voting Instructions - Shareholders can vote their shares either by proxy or in person, with specific instructions provided for both registered and beneficial shareholders [6][12] - Votes must be submitted by 10:00 a.m. on October 17, 2025, although the Company will accept late votes as required by Coordinated Blanket Order 51-932 [9][12] Company Overview - Asante Gold Corporation is engaged in gold exploration, development, and operations, with projects located in Ghana, including the Bibiani and Chirano Gold Mines [11] - The Company is actively exploring additional projects such as Keyhole, Fahiakoba, and Betenase, all situated in Ghana's prolific gold belts [11]
Leading UK-Based Digital Textile Print Provider Expands On-Demand Textile Production with Additional Kornit MAX PLUS Systems
Globenewswire· 2025-10-15 12:35
Atlas MAX Snuggle has expanded its fleet to 9 Kornit Digital printing systems to produce more than 24,000 pieces daily Sportswear The power of Kornit Atlas MAX technology enables companies like Snuggle to deliver consistently superior graphic detail and retail quality to attract new clients across the UK. Snuggle expands its fleet to 9 Kornit Digital printing systems to produce more than 24,000 pieces daily, more than quadrupling its production capacity since 2017The Atlas MAX platform enables Snugg ...
Vivakor Signs Term Sheet for $40 million Commodity Intermediation Facility
Globenewswire· 2025-10-15 12:30
Facility to provide additional credit for crude oil supply and trading Dallas, TX, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation services, has announced today that, in addition to its previously announced $23 million working capital investment to expand Vivakor’s crude oil marketing and trading operations, it has signed a non-binding term sheet with an undisclosed wholesaler to est ...