JACKSONVILLE, Fla., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 fourth quarter results after the market closes on Wednesday, January 29, 2025, and will then hold its quarterly conference call with analysts and investors at 4:30 p.m. ET that evening to discuss the fourth quarter results and current outlook. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Fourth Quarter 2024 Earnings Release Confe ...

Immersive Technologies Will Reshape Business Strategies and Drive the Seamless Integration of Cross-Industry SolutionsDublin, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The "Extended Reality, the New Frontier of the Energy Transition, Global, 2024-2028" report has been added to ResearchAndMarkets.com's offering.The primary aim of this report is to examine the factors influencing the growth of extended reality (XR) technologies in the energy industry.The publisher conducts an annual survey targeting IT and business ...

Business Model Pivot - Kandi Technologies is successfully pivoting its business model to focus on off-road vehicles, including golf carts, utility vehicles (UTVs), and all-terrain vehicles (ATVs), moving away from the saturated traditional EV market [2] - The company has a positive commercial outlook for its golf carts in North America and globally, supported by a limited-edition collaboration with Lowe's featuring NFL branding, launched in fall 2024 [2] Product Portfolio and Supply Chain - Kandi's vehicle portfolio is customizable to more than 20 models, supported by an established supply chain in China and a solid intellectual property (IP) portfolio for product differentiation [2] - The company is establishing new manufacturing and production channels in the United States and Taiwan to mitigate the impact of tariffs on goods produced in China [2] - Kandi has a diversified portfolio of parts across the EV value chain, some of which are not subject to China tariff laws, supporting its growth strategy [2] Growth Strategy and Investments - In October 2024, Kandi issued a 5-year growth forecast through 2029, focusing on smart mobility, a high-growth market in China [2] - The company plans to invest $130 million to develop production lines in the U.S. for off-road vehicles and lithium battery swap technologies to enhance its supply chain [2] Leadership and Management - Kandi appointed Feng Chen as its new CEO in October 2024, leveraging his strong background in lithium battery technologies [2] - Chairman Xueqin Dong, the previous CEO, has extensive leadership experience in the EV market and is a thought leader in electric vehicle infrastructure and safety [2] Financial Position - As of September 30, 2024, Kandi had $260 million in cash, restricted cash, and investments, with a working capital surplus, positioning the company well to invest in growth initiatives [2] - The company is well-positioned to invest in building supply chain infrastructure in the U.S., acquiring companies in growth industries, and buying back its shares [2] Valuation and Fair Value - Kandi's fundamentals are strong but not reflected in its valuation, with the company trading below its balance sheet cash on hand, tangible book value, and shareholder equity as of January 2025 [2] - Based on forward enterprise value/sales analysis, the fair value of Kandi is estimated at $7.00 per share, well above current levels [2] Company Overview - Kandi Technologies Group Inc develops, manufactures, and commercializes fully electric vehicle products and related technologies, with primary markets in the United States and China [4] - The company's product portfolio focuses on off-road electric vehicles (EVs), power electric motors and controllers, lithium batteries and battery packs, and battery exchange systems [4]

TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U), recognizing the severity of the losses caused in Southern California from wildfires in the area, is donating US$1 million to the American Red Cross. “So many people in Southern California are having to cope with trauma and severe damage to their communities, and will have to begin rebuilding their lives after this devastation. Fairfax wants to stand among all those individuals and companies who ar ...

Dublin, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The "United States Retail Tenant Directory Online Subscription" database has been added to ResearchAndMarkets.com's offering. Retailing is among the most volatile of industries. Each year, hundreds of retail companies dissolve, merge or are acquired and nearly a quarter of all leasing decision-makers change jobs. The team tracks these changes in real-time to ensure you get the most accurate information available. Retail Tenant Directory is an online subscription-ba ...

VANCOUVER, British Columbia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) is pleased to announce the awarding of the Front-End Engineering and Design (FEED) contracts for both the Mine Engineering and the Process Plant Engineering of its flagship Copperwood Project (the “Project” or “Copperwood”) to DRA Global (“DRA”), a leading multi-disciplinary engineering group. This milestone marks a significant step forward in the development of ...

No Immediate Effect on Nasdaq Listing or Trading of the Company’s Ordinary Shares TEL AVIV, Israel, Jan. 15, 2025 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC) (“Company” or “SciSparc”), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders and rare diseases of the central nervous system, today announced that it has received a notification letter from Nasdaq Stock Market LLC (“Nasdaq”) that the Company has been granted an additional 180-day complian ...

The surge in EV production and global investments in infrastructure projects create significant opportunities for bolt manufacturers worldwide Bolts Market Bolts Market Dublin, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The "Bolts Market Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering. The market is analyzed by type, material, end-use, and region.According to this report, the global bolts market size reached a value of USD 37.9 billion in 2023. Aided by increasing construction acti ...

Germany’s artificial pancreas device system market, with a 4.1% CAGR from 2025-2035, leads Europe due to high diabetes prevalence, focus on preventive healthcare, and a strong regulatory framework. The increasing cases of Type 1 diabetes, robust research and development efforts by pharmaceutical companies, and rising demand for automated systems for glycemic control are the factors driving the market growthNEWARK, Del, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The global market for artificial pancreas device system ...

Expanding metropolitan populations spur record air purifier deployments in homes, offices, and hospitals. Next-gen scientific breakthroughs—like AI-based anticipatory filtration—also address severe industrial zones. Growing emphasis on integrated, real-time monitoring cements purifiers as indispensable staples in diverse environments.New Delhi, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The global air purifier market is projected to hit the market valuation of US$ 31.85 billion by 2033, at a CAGR of 6.80% from 2025– ...