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Kraken Robotics Appoints Kim Butler to Board of Directors and Hires Bernard Mills as Executive Vice President, Defence
Globenewswire· 2025-12-04 11:30
Core Insights - Kraken Robotics Inc. has announced the appointment of Kim Butler to its Board of Directors and the hiring of Bernard Mills as Executive Vice President, Defence, indicating a strategic enhancement of its leadership team [1][6]. Leadership Appointments - Kim Butler has over 35 years of executive experience in financial, operational, and governance roles across various sectors, including technology and defence. She has held significant positions such as Chair of Audit and Special Committees and has expertise in corporate governance, strategic planning, and mergers and acquisitions [2][5]. - Bernard Mills will assume the role of Executive Vice President, Defence, effective January 12, 2026. He has extensive experience in the defence and aerospace sectors, having served as CEO and Managing Director at Stelia North America and President of Ultra Sonar Systems [6][7]. Strategic Importance - Kim Butler expressed her enthusiasm for joining Kraken Robotics, emphasizing her commitment to contributing to the company's growth in advanced 3D underwater imaging and subsea battery technologies [4]. - Bernard Mills highlighted the increasing global demand for underwater robotics and maritime systems, indicating that Kraken is well-positioned for significant expansion due to its strong portfolio and relationships with key customers [9]. Company Overview - Kraken Robotics is focused on transforming subsea intelligence through innovative technologies, including 3D imaging sensors and robotic systems, aimed at addressing challenges in ocean safety and infrastructure [12][13]. - The company operates globally, with a presence in North America, South America, and Europe, supporting clients in over 30 countries [15].
Kelun-Biotech and Crescent Biopharma Announce Strategic Partnership to Develop and Commercialize Novel Oncology Therapeutics
Globenewswire· 2025-12-04 11:30
Companies to advance CR-001, a PD-1 x VEGF bispecific antibody, and SKB105, an integrin beta-6-directed antibody-drug conjugate (ADC), in global markets and China Collaboration designed to accelerate and expand the development of synergistic combinations with CR-001 and ADCs, including SKB105 CR-001 and SKB105 on track to enter Phase 1/2 monotherapy clinical trials in Q1 2026 with combination studies to follow CHENGDU, China and WALTHAM, Mass., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Sichuan Kelun-Biotech Biophar ...
First Atlantic Nickel Expands Phase 2X Drilling at Pipestone XL Nickel Alloy Project: Four Additional Holes Targeting 1.4 Kilometer Strike Length and 850-Meter Width at RPM Zone
Globenewswire· 2025-12-04 11:07
Core Insights - First Atlantic Nickel Corp. has successfully confirmed magnetically recoverable awaruite nickel alloy in all ten discovery holes at the RPM Zone, maintaining a 100% success rate in drilling [1][4][9] - The company is expanding its drilling program with four additional holes to explore the eastern, northern, and southern extensions of the RPM Zone, aiming to increase the drill-confirmed strike length to approximately 1.4 kilometers and width to 850 meters [2][9][10] Summary by Sections Discovery Success - All ten discovery holes at the RPM Zone intersected large-grain visible awaruite and returned positive magnetically recoverable nickel results, covering an area of approximately 800 meters in strike length by 750 meters in width [4][9] - Every hole has ended in mineralization, confirming that the system remains open in all directions [4] Expansion Drilling - Four additional drill holes (AN-25-11 to AN-25-14) have been added to the Phase 2X drilling program to test expansion potential in multiple directions [2][4] - The eastern expansion will focus on areas that have consistently returned the best magnetically recoverable nickel grades, particularly near Chrome Pond [3][9] - Hole AN-25-13 will test a 400-meter northern extension, while Hole AN-25-14 will explore a 200-meter southern step-out [2][10] Metallurgical and Processing Advantages - Awaruite, containing approximately 77% nickel, can be concentrated through magnetic separation and flotation, positioning the Pipestone XL Project as a potential secure input to a North American nickel supply chain [3][15] - The project supports a mine-direct-to-battery-refinery pathway, bypassing energy-intensive processes like smelting, which enhances environmental sustainability [3][16] - Magnetic separation achieves a 90% mass reduction, allowing for the recovery of nickel, chromium, and cobalt while minimizing waste [9][10] Future Prospects - The ongoing metallurgical program aims to create a marketable direct-to-refinery awaruite concentrate containing nickel and cobalt, with potential for high-grade chromium recovery as a byproduct [17] - Updates on recovery, separation, and preliminary concentrate products for nickel, chromium, and cobalt are anticipated in early 2026 [17]
Recent Discovery at Froome Mine Expands Along Strike and Down-Dip; Drilling at Depth Shows Potential to Extend Mine Life: 7.7 gpt gold over 20.4 m & 23.5 gpt gold over 3.7 m (true widths)
Globenewswire· 2025-12-04 11:00
Core Insights - McEwen Inc. has announced new drill results from its Froome Mine, indicating significant geological potential and active drilling to expand results [1][2] Group 1: Drill Results and Mineralization - The recent drill results have extended high-grade gold mineralization by 100 meters vertically, marking a 45% increase since July 2025 [2] - Gold mineralization has been extended up to 50 meters west, which may increase the number of defined ounces per vertical meter, thereby lowering future production costs [5] - Some of the deepest intersections confirm that gold mineralization remains open at depth, suggesting additional resources exist below the current planned limit of the mine [4] Group 2: Economic Implications - The potential to extend Froome's mine life and improve economics is highlighted, with mining expected to commence in H1 2026 in areas near recently completed underground infrastructure [6][9] - Greater mining flexibility is anticipated, enabling higher production and lower costs, with mill feed from multiple sources expected from H2 2026 [9] Group 3: Future Plans - Surface diamond drilling will continue into Q1 2026 to further define the mineralization that remains open to the west and at depth [17] - An updated resource estimate for Froome West is planned for publication at the end of February 2026 [17]
KBR Enhancing F/A-18 Foreign Military Sales with Contract for NAVAIR
Globenewswire· 2025-12-04 11:00
Core Insights - KBR has been awarded a $117 million contract to provide Foreign Military Sales support for the F/A-18 and EA-18G Program Office, enhancing defense readiness for Australia, Finland, and Switzerland [1][2][3] Group 1: Contract Details - The contract is a cost-plus-fixed-fee follow-on agreement, focusing on integrated program management, engineering, financial, and logistics support for the F/A-18 FMS programs [2] - KBR's work will include sustaining aircraft systems, managing acquisition and training efforts, and supporting lifecycle logistics and communications security operations over a five-year period [2][3] Group 2: Company Expertise - KBR has over 40 years of experience in providing expertise across systems engineering, cybersecurity, and technology development related to the F/A-18 platform [3] - The company regularly analyzes Security Assistance and National Disclosure Policy procedures to modernize FMS policies and enhance collaboration between the U.S. and partner nations [3] Group 3: Company Overview - KBR employs approximately 37,000 people globally, serving customers in over 80 countries and operating in more than 29 countries [4] - The company focuses on delivering science, technology, and engineering solutions, ensuring consistent delivery with predictable results [4]
BitFuFu to Sponsor Bitcoin MENA 2025 in Abu Dhabi, Expanding Middle East Presence
Globenewswire· 2025-12-04 11:00
Core Insights - BitFuFu Inc. is sponsoring Bitcoin MENA 2025, scheduled for December 8-9, 2025, in Abu Dhabi, UAE, highlighting its commitment to the Bitcoin ecosystem in the Middle East [2][3] - The conference aims to gather industry leaders, institutional investors, and policymakers to explore opportunities in the growing Middle East Bitcoin market, building on the success of the previous year's event which attracted over 6,000 attendees [3][4] - BitFuFu's participation reflects its strategic focus on expanding global mining operations and enhancing its presence in the Middle East through partnerships with local data center operators [5] Company Initiatives - The company will have representatives available at the conference to discuss its mining operations, technological innovations, and strategic vision for Bitcoin infrastructure development in the region [6] - Olga Kochmar, the Commercial Director, will participate in a panel discussion titled "Buy It or Mine It? The Benefits of Hosted Mining" on December 9, 2025 [6] Company Overview - BitFuFu Inc. is recognized as a leading Bitcoin miner and innovator in mining services, committed to empowering the global Bitcoin network through its cloud mining platform and rapidly scaling data center infrastructure [8]
Royal Jordanian Armed Forces Deploy BeamWell™ Desalination, Energy and E-Mobility Product at Royal Medical Services Facility
Globenewswire· 2025-12-04 11:00
Beam Global-BeamWell-Jordan Deployment 3 Beam Global CEO Desmond Wheatley was on the ground in Jordan for the deployment and met with the U.S. Ambassador to Jordan and senior officials from the Royal JAF to discuss future opportunities for BeamWell™ deployments to support humanitarian needs, rebuilding efforts and broader deployments in the Middle East. Beam Global - BeamWell Jordan Deployment 1 Beam Global CEO Desmond Wheatley was on the ground in Jordan for the deployment and met with the U.S. Amba ...
Shentel Launches Fiber-to-the-Home Internet in Radford, VA
Globenewswire· 2025-12-04 10:46
Core Insights - Shenandoah Telecommunications Company (Shentel) has launched a 100% fiber-to-the-home internet service in Radford, Virginia, offering symmetrical multi-gig internet speeds for residential and business customers starting December 2025, with construction completion expected by March 2026 [1][2]. Company Overview - Shentel provides broadband services through advanced fiber optic and cable networks across eight contiguous states in the eastern United States, offering services such as broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [5]. Service Features - The new Shentel Fiber service will deliver high speeds, low latency, and exceptional reliability, supported by a regional fiber network that spans over 18,000 miles [2][5]. - Customers can upgrade to the fiber-to-the-home network at no additional cost as construction is completed in their neighborhoods [3]. Community Impact - The investment in fiber technology is expected to enhance internet service quality for residents and businesses in Radford, positioning the community for long-term growth [3]. - The Mayor of Radford expressed gratitude for Shentel's commitment to providing advanced technology to the community [2]. Customer Support - Shentel emphasizes prompt and friendly local customer service, avoiding third-party call centers, ensuring real-time assistance for customers [8].
WeRide Attracts Public Investments as Top Funds Back Its Autonomous Mobility Growth
Globenewswire· 2025-12-04 10:14
Core Insights - WeRide has attracted significant investment from ARK Invest, indicating strong confidence in its growth prospects in the autonomous mobility market [1][8] - The autonomous mobility market is projected to become a multi-trillion-dollar industry, with robotaxi fleets potentially reaching tens of millions of vehicles by 2030 [2] - WeRide's strong Q3 2025 performance, with a revenue increase of 144.3% year-on-year, highlights its competitive position in the industry [5] Investment and Market Position - ARK Invest acquired 858,295 WeRide American Depositary Shares (ADSs), reflecting confidence in the company's long-term strategic positioning [1][8] - Bank of America initiated coverage on WeRide with a Buy rating and a price target of US$12 for ADSs, representing a 45.6% upside potential [3] - Other investment firms, including Bank of China International and Citi, have also issued Buy ratings with significant upside potential [3] Shareholder Base - WeRide's shareholders include prominent global institutions such as Bosch, Fidelity, and NVIDIA, as well as strategic players like Grab and Uber [4][8] - The diverse shareholder base underscores the strong institutional confidence in WeRide's business model and growth trajectory [4][10] Regulatory and Operational Achievements - WeRide holds autonomous driving permits in eight countries, showcasing strong regulatory trust in its technology [2][11] - The company has achieved fully driverless Robotaxi operations in multiple cities, including Abu Dhabi, Guangzhou, and Beijing [9][11] Financial Performance - WeRide reported Q3 2025 revenue of US$24.0 million, with its core Robotaxi business generating US$5.0 million, reflecting a 761.0% year-on-year increase [5] - Gross profit increased by 1,123.9%, and gross margin rose to 32.9%, indicating a strong path toward profitability [5][6] Future Growth Plans - WeRide plans to deploy 500-1,000 Robotaxis in the Middle East by the end of 2026 and aims for tens of thousands worldwide by 2030 [9] - The company is committed to maintaining its leading position in the fast-evolving autonomous mobility market through continuous innovation [6][10]
Telenor Marks 25 Years on the Oslo Stock Exchange
Globenewswire· 2025-12-04 10:01
Core Insights - Telenor celebrated its 25th anniversary as a listed company on the Oslo Stock Exchange, having distributed over NOK 243 billion to shareholders since its listing in 2000 [1][2][8] - The company has invested more than NOK 100 billion in Norwegian telecom infrastructure since 2000, emphasizing its role in maintaining societal connectivity [1][8] - An investment of NOK 40,000 in Telenor shares at the time of listing would now be worth over NOK 400,000, reflecting a tenfold increase and nearly 10 percent annual return [3] Financial Performance - Telenor has returned substantial amounts to shareholders, including over NOK 190 billion in ordinary dividends [2][8] - The Norwegian state, as Telenor's largest shareholder, has received significant returns from the company's performance [8] Future Outlook - Telenor's leadership expressed confidence in continuing to create value and drive sustainable growth in the future [2][3]