Ignitis Group has completed the transaction for the sale of 49% of its shares in Vilnius CHP
Globenewswire· 2026-03-30 13:45
AB “Ignitis grupė“ (hereinafter – the Group) informs that it has completed the transaction for the sale of 49% its shares in UAB Vilniaus kogeneracinė jėgainė (hereinafter – Vilnius CHP). A 49% stake was acquired by Quaero European Infrastructure Fund III, an infrastructure fund managed by Quaero Capital SA (hereinafter – Quaero Capital). The transaction was completed on 30 March 2026, after receiving the approval of the General Meeting of Shareholders of the Group to transfer the shares in Vilnius CHP on 2 ...
Uniti Fiber Names Heather Orrico to Lead Enterprise Sales
Globenewswire· 2026-03-30 13:30
Core Insights - Uniti Fiber has appointed Heather Orrico as president of Enterprise Sales to enhance its enterprise sales strategy and growth in the southeastern U.S. [1] Company Overview - Uniti Fiber is a business unit of Uniti (NASDAQ: UNIT) that provides customized enterprise-grade fiber, ethernet, dark fiber, voice, unified communications, colocation, and managed connectivity solutions [7] - The company serves over 375,000 business, state and local government, and education locations across 35 markets in six southeastern states [7] Leadership Background - Heather Orrico has over 20 years of experience in telecommunications, with a strong background in engineering, operations, and sales [2] - She previously held leadership roles at Comcast, including vice president for the Texas region, and has been recognized for her sales performance and team-building capabilities [2][3] Achievements and Initiatives - Orrico has been a Presidents Club honoree multiple times, with consistent year-over-year sales and revenue growth, and was named Leader of the Year in 2023 [3] - She has a commitment to leadership development, having created programs to enhance leadership skills and launched a podcast discussing the impact of emerging technologies on business growth [4][5] Vision and Commitment - Orrico expressed her commitment to leveraging Uniti's fiber infrastructure to help businesses thrive in a digital environment and emphasized the importance of the sales team in achieving success [5]
Viewbix: Quantum X Labs Announces Strategic Milestone in Advancing Quantum-Powered Nuclear Simulation
Globenewswire· 2026-03-30 13:17
Core View - Viewbix Inc. announced that its subsidiary, Quantum X Labs, has achieved a strategic milestone with Nuclear Quantum, focusing on quantum-based simulation algorithms for nuclear and engineering simulation companies worldwide [1][2] Group 1: Strategic Milestone - Nuclear Quantum is transitioning from core technology algorithm development to targeted industry engagement, addressing the modernization of legacy simulation methodologies through quantum computation [2] - The company is initiating collaborations with established simulation companies to integrate its quantum algorithmic engine into existing modeling platforms [2] Group 2: Goals and Development - The goal is to enable industry players to enhance their simulation capabilities without replacing core systems, thereby accelerating adoption while minimizing disruption [3] - Nuclear Quantum is developing quantum-based algorithms aimed at significantly accelerating nuclear simulations and enhancing accuracy, addressing challenges such as the "precision vs. time" bottleneck [3][4] Group 3: Market Insights - The global market for Nuclear Power Simulation Software was valued at $226 million in 2024 and is projected to reach $321 million by 2031, growing at a CAGR of 5.2% during the forecast period [5] Group 4: Company Overview - Viewbix Inc. focuses on quantum technology, digital advertising, and enterprise AI solutions, with Quantum X Labs dedicated to developing quantum algorithms across various sectors including transportation and drug discovery [6][7]
Cuentas, Inc. Launches World Mobile Media Group, a Next-Generation Decentralized Media Platform Integrating Content, Connectivity, and Creator Ownership
Globenewswire· 2026-03-30 13:15
Core Insights - Cuentas, Inc. announced the launch of its 51%-owned subsidiary, World Mobile Media Group (WMMG), which aims to create a next-generation decentralized media platform for content creation, distribution, and monetization [1] Group 1: Platform Features - WMMG introduces a mobile-first, decentralized entertainment ecosystem that combines premium content, global distribution, and direct-to-consumer monetization [2] - The platform will feature a mix of licensed and original programming, live streaming events, music performances, and creator-driven content, all delivered through an interactive, community-powered experience [2] - WMMG empowers creators with ownership, transparency, and direct participation in revenue streams, enhancing creator economics and enabling direct-to-fan monetization through various models [3] Group 2: Technological Integration - WMMG's integration with Cuentas' mobile-first infrastructure allows for high-quality streaming and interactive experiences, particularly in high-growth global markets [4] - This vertically integrated approach unlocks new monetization opportunities across both content and connectivity [4] Group 3: Leadership and Partnerships - WMMG is led by Chip Quigley, a veteran in the entertainment industry, and Shalom Arik Maimon, CEO of Cuentas, who is focused on driving innovation [5] - To accelerate growth, WMMG has partnered with NUE Agency to enhance talent partnerships, content acquisition, brand integrations, and global marketing [6] Group 4: Strategic Vision - The launch of WMMG marks a significant step in Cuentas' expansion into digital media and next-generation entertainment platforms, aiming to redefine creator monetization and expand access to premium content globally [8] - Chip Quigley stated that WMMG represents the evolution of media, aligning creators, audiences, and platforms through ownership and shared value [9]
CN to Report First-Quarter 2026 Financial and Operating Results on April 29, 2026
Globenewswire· 2026-03-30 13:00
Core Viewpoint - CN will release its first-quarter 2026 financial and operating results on April 29, 2026, before market opening, with a conference call to discuss the results and outlook led by CEO Tracy Robinson [1]. Group 1: Financial Results Announcement - CN's first-quarter 2026 financial and operating results will be issued before the markets open on April 29, 2026 [1]. - A conference call will take place at 8:30 a.m. Eastern Time on the same day to review the results and the railway's outlook [1]. Group 2: Participation Details - Interested parties can participate in the conference call by dialing 1-800-715-9871 (Canada/U.S.) or 1-647-932-3411 (International), using the passcode 9281112 [2]. - Participants are encouraged to join the call 10 minutes early, and a live webcast will be available on CN's investor website [2]. Group 3: Company Overview - CN transports over 300 million tons of natural resources, manufactured products, and finished goods across North America annually [3]. - The company operates a nearly 20,000-mile rail network, connecting Canada's Eastern and Western coasts with the U.S. Midwest and Gulf Coast, contributing to sustainable trade since 1919 [3].
PatentVest Announces Life Seal Vascular Partnership, Takes Equity Stake in Exchange for IP Intelligence Services
Globenewswire· 2026-03-30 13:00
Core Insights - PatentVest has engaged with Life Seal Vascular, accepting equity as part of its service compensation, indicating strong belief in the company's technology and market potential [1][2] - Life Seal Vascular is leveraging PatentVest's proprietary IP platform to enhance its competitive positioning in the vascular device market, highlighting the importance of IP strategy in medtech [2][4] Company Overview - Life Seal Vascular is focused on developing innovative solutions for endovascular treatment, specifically targeting the elimination of endoleaks, which are a major cause of secondary interventions after aneurysm repair [6] - The company aims to improve patient outcomes, optimize healthcare resources, and reduce overall care costs through its proprietary technology [6] Strategic Partnership - The partnership with PatentVest allows Life Seal Vascular to adopt a proactive, data-driven approach to its IP strategy, reinforcing the shared belief in the strength of its innovation [4] - PatentVest's investment in Life Seal Vascular signifies a long-term commitment to the company's vision and the potential for significant advancements in vascular innovation [2][3] Industry Context - The collaboration reflects a broader trend in the medtech sector where effective IP positioning is becoming a critical competitive factor alongside clinical data and regulatory strategies [4] - PatentVest's capabilities in patent analytics and strategic IP management are positioned to provide Life Seal Vascular with a competitive edge in a densely populated IP landscape [3]
Tempest Reports Year End 2025 Financial Results and Provides Business Update
Globenewswire· 2026-03-30 13:00
Core Insights - Tempest Therapeutics has completed a strategic acquisition of dual-targeting CAR-T assets from Factor Bioscience Inc., enhancing its pipeline of advanced CAR-T cell therapy products [1][3] - The company announced positive interim data from the REDEEM-1 Phase 1/2a trial of TPST-2003, showing a 100% complete response rate among six efficacy evaluable patients with relapsed/refractory multiple myeloma [2][3] - Matt Angel, Ph.D., has been appointed as the Chief Executive Officer and President of Tempest [1] Corporate Developments - The acquisition of CAR-T assets is expected to differentiate Tempest's offerings from existing CAR-T treatments, providing new options for patients with limited durable treatment options [2] - The company plans to initiate a U.S. registrational study of TPST-2003 later in 2026 [2] - Tempest has also received clearance to proceed with a pivotal trial of amezalpat for first-line hepatocellular carcinoma in China and has been granted orphan drug designation by the European Medicines Agency [3] Financial Performance - For the year ended December 31, 2025, Tempest reported a net loss of $26.3 million, a decrease from $41.8 million in 2024, with a net loss per share of $6.33 compared to $19.50 in the previous year [5][13] - Research and development expenses decreased to $12.6 million from $28.5 million in 2024, reflecting a strategic re-prioritization of efforts [5][13] - The company ended 2025 with $7.7 million in cash and cash equivalents, down from $30.3 million at the end of 2024 [5][10] Clinical Trials and Future Milestones - TPST-2003 has shown a favorable safety profile with no Grade >3 cytokine release syndrome or neurotoxicity reported, which may set it apart from other CAR-T therapies [3] - The company plans to present updated data from the ongoing REDEEM-1 study in 2026 and submit a U.S. IND application for TPST-2003 [7] - TPST-1495 has received orphan drug designation from the FDA and is set to initiate a Phase 2 study for Familial Adenomatous Polyposis in 2026 [7]
REalloys (NASDAQ: ALOY) Appoints Former Chief of Staff to the U.S. Secretary of Defense Joe Kasper as Chair of Its Advisory Board
Globenewswire· 2026-03-30 13:00
Core Viewpoint - REalloys Inc. has appointed Joe Kasper as Chair of its Advisory Board, aiming to enhance the security of North America's rare earth supply chains and eliminate dependency on Chinese sources for U.S. defense needs [1][2][3]. Group 1: Leadership and Strategy - Joe Kasper joins a leadership team that includes General Jack Keane and Stephen duMont, focusing on securing America's heavy rare earth supply chain for the Defense Industrial Base without any Chinese involvement [2][5]. - The appointment reflects REalloys' strategy to combine national security expertise, defense industry leadership, and government relationships to secure high-grade strategic rare earth assets [3][4]. - REalloys aims to build a Western supply chain capable of delivering critical materials like dysprosium and terbium without any dependency on China, addressing vulnerabilities in the current supply chain [3][6]. Group 2: Kasper's Background and Role - Joe Kasper has over twenty years of federal service, including roles in the U.S. House of Representatives and the Department of Defense, where he focused on national defense [4][5]. - As Chair, Kasper will work to strengthen relationships with the Department of Defense and coordinate with global feedstock partners to secure a sovereign supply of heavy rare earth metals [5][6]. - His experience and relationships within the Pentagon are expected to enhance REalloys' ability to navigate government procurement and identify strategic assets [7]. Group 3: Company Overview and Operations - REalloys Inc. is developing a fully integrated North American mine-to-magnet supply chain, including upstream resource development, midstream processing, and downstream manufacturing [8]. - The company is building a platform to scale heavy rare earth midstream separation and refining capabilities, with a focus on producing high-purity products for defense and clean energy applications [8]. - REalloys' Ohio facility supports federal logistics and procurement agencies, including the Department of Defense and NASA, by producing advanced heavy rare earth metals and components [8].
XBP Global Holdings, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
Globenewswire· 2026-03-30 13:00
Core Insights - XBP Global Holdings, Inc. reported its financial results for the fourth quarter and fiscal year ended December 31, 2025, highlighting a significant transition following the acquisition of Exela Technologies BPA in July 2025 [1][2][3] Financial Performance - Full Year 2025 reported revenue totaled $791.0 million, a decline of 9.4% year-over-year, while combined pro forma revenue was $879.6 million, down 13.6% year-over-year [5][6][9] - The reported gross margin was 21.7%, reflecting a 10 basis point increase year-over-year, whereas the pro forma gross margin was 21.9%, an increase of 30 basis points year-over-year [9] - The company achieved a GAAP net income of $1.1 billion, compared to a net loss of $215.2 million the prior year [9] Segment Results - In the Applied Workflow Automation segment, reported revenue for FY 2025 was $723.2 million, down 11.4% year-over-year, with a gross margin of 17.9% [5] - The Technology segment reported revenue of $67.8 million, an increase of 20.6% year-over-year, but with a gross margin decline to 62.5% [5] - For Q4 2025, total revenue was $207.0 million, a decline of 15.1% year-over-year, with a gross margin of 22.7%, up 110 basis points year-over-year [7][9] Strategic Initiatives - The company has focused on stabilizing its portfolio and laying the groundwork for future growth, emphasizing investments in sales leadership and client outreach initiatives [3][4] - A strategic rollout of AI across functions is aimed at unlocking significant operating leverage and driving gross margin expansion [4] Contract Value - XBP Global closed $297.8 million of Total Contract Value (TCV) in FY 2025, including $163.8 million of new TCV, with a notable increase in new Annual Contract Value (ACV) of $34.8 million, a 37.7% increase year-over-year [9]
Shawn Chang Appointed General Manager of ASUS North America
Globenewswire· 2026-03-30 13:00
Core Insights - ASUS has appointed Shawn Chang as the General Manager of its North America System Business Group, aiming to enhance business development and strategic growth in the U.S. and Canada [3][6] - Under Chang's leadership, ASUS will focus on accelerating growth in consumer, gaming, and commercial segments, emphasizing AI-powered computing and B2B solutions [4][6] - Chang brings over 20 years of experience at ASUS, with a strong background in sales, marketing, and product management, which will support the company's expansion efforts [5][6] Group 1 - The company is committed to delivering award-winning hardware and innovation, maintaining its leadership in consumer and gaming electronics while enhancing security and processing power for commercial products [4][7] - Chang's mission includes building commercial growth to match the success seen in gaming and consumer markets, leveraging his extensive cross-functional experience [5][6] - ASUS aims to push the boundaries of innovation while ensuring reliability, security, and performance for both consumer and enterprise markets [7] Group 2 - The company has a strong commitment to research and development excellence, which, combined with an agile approach to market dynamics, will benefit gamers, consumers, and enterprise users [7] - ASUS is recognized as a global technology leader, with a focus on creating innovative devices and solutions that enhance user experiences [8] - The company is also dedicated to sustainability, aiming to create a net-zero enterprise and contribute to a circular economy [8]