Iceland Seafood International hf: Sterk afkoma á fyrri árshelmingi - tvöföldun hagnaðar fyrir skatta
Globenewswire· 2025-08-27 16:15
Core Insights - The company reported a significant increase in pre-tax profit, doubling compared to the previous year, indicating strong operational performance in the first half of 2025 [1][8]. Financial Performance - Total sales for the group in Q2 reached 16.5 billion ISK (€114.6 million), a 17% increase compared to the previous year [2]. - Regular operating profit amounted to 331 million ISK (€2.3 million) in the first half of 2025, up from 158 million ISK (€1.1 million) in the same period of 2024, reflecting a 173 million ISK (€1.2 million) increase [8]. - Revenue for the first half of 2025 was 33.7 billion ISK (€233.8 million), a 10% increase from the same period in 2024 [8]. - EBITDA for the first half of 2025 rose to 1.3 billion ISK (€9.2 million) from 720 million ISK (€5 million) in the first half of 2024 [8]. Regional Performance - Revenue from Southern Europe was 7.6 billion ISK (€52.9 million) in Q2, a 3% increase year-over-year [3]. - Northern Europe saw operational revenue of 2.1 billion ISK (€14.3 million) in Q2, a 5% increase from the same quarter last year [4]. Market Dynamics - High demand and rising prices for cod were key drivers of strong performance in the second quarter [5]. - The U.S. ban on Russian fish imports has increased prices for cod from the Barents Sea, contributing to higher revenue [9]. - Salmon prices were lower than expected, positively impacting operational results compared to the previous two years [10]. Future Outlook - The company maintains its profit forecast for 2025 at 1.1 to 1.4 billion ISK (€7.5 million - €9.5 million) based on current trading conditions [6][8]. - Expectations for stable salmon prices throughout the year, with potential increases towards the end of the year [4][10]. - The company aims to enhance its operational efficiency and capitalize on growth opportunities within its strong network and experienced workforce [12].
Flyers’ Garnet Hathaway Launches Engine 19 IPA with Dogfish Head Craft Brewery to Support Local First Responders
Globenewswire· 2025-08-27 16:05
Core Points - The official launch of Engine 19 IPA, a collaboration between Flyers Charities and Dogfish Head Craft Brewery, aims to support local first responders and their families through the Hath's Heroes initiative [1][4][7] - Engine 19 IPA is a citrus-forward pale ale with a 6.5% ABV, featuring Simcoe, Chinook, and Citra hops, designed to be flavorful and approachable [2][14] - A launch party will be held on September 10 at PHS Beer Garden South Street, featuring samples of Engine 19 IPA and appearances by Flyers players [4][5] Company Overview - Dogfish Head Craft Brewery has been committed to brewing unique beers with high-quality ingredients for nearly 30 years, expanding its offerings to include spirits and ready-to-drink cocktails [6] - Flyers Charities focuses on strengthening communities in the Greater Philadelphia region by removing financial barriers to hockey participation and providing support to families affected by cancer [8] Initiative Details - Hath's Heroes is an initiative led by Garnet Hathaway that raises funds to support local first responders and their families through community-driven events and programs [7]
Beamr Solution Demonstrates up to 50% Improved Video Compression for Autonomous Vehicles, Accelerated by NVIDIA
Globenewswire· 2025-08-27 16:03
Core Insights - Beamr Imaging Ltd. has developed a video compression solution for autonomous vehicles that improves efficiency by 23% to 50% compared to existing machine learning workflows, validated by NVIDIA [1][4][5] - The company will showcase its GPU-accelerated video compression technology at IAA Mobility 2025 in Munich, Germany, from September 9-12 [2][5] - Beamr's technology addresses the challenges faced by AV companies managing large volumes of video data, enhancing operational efficiency while maintaining model safety [3][5] Company Overview - Beamr is recognized as a leader in content-adaptive video compression, with a strong client base including major media companies like Netflix and Paramount [6] - The company's perceptual optimization technology, known as Content-Adaptive Bitrate (CABR), is protected by 53 patents and has received an Emmy® Award for Technology and Engineering [6] - Beamr's solutions are designed to reduce video file sizes by up to 50% while preserving quality, making it suitable for various high-growth markets including media, entertainment, and autonomous vehicles [7] Technology Validation - Beamr's CABR technology, when tested, showed a 23% improvement in compression over existing codecs and achieved a 40%-50% reduction in bitrate when using newer codecs like HEVC or AV1, all while maintaining model accuracy [4][5] - The collaboration with NVIDIA highlights the importance of advanced video compression in the autonomous vehicle sector, aiming to reduce operational costs and ensure fidelity for reliable AV models [5] Market Context - The autonomous vehicle industry is facing significant infrastructure challenges due to the management of 100 to 500 petabytes or more of video data, making efficient compression critical for reducing costs and speeding up development cycles [3] - Beamr's technology is positioned to enhance the "data factory" processes, which encompass data collection, training, validation, and deployment in the AV sector [3]
The Toxic Avenger Mops up at Least $5 Million of Health Bills -- Cineverse Forgoes New Marketing Stunts in Favor of Partnership with National Non-profit Undue Medical Debt
Prnewswire· 2025-08-27 16:00
Company Overview - Cineverse is a next-generation entertainment studio that distributes content across various platforms and has developed a new blueprint for delivering entertainment experiences efficiently [11] - The company has a diverse portfolio, including over 71,000 premium films, series, and podcasts, and is known for properties like the highest-grossing non-rated film in U.S. history [11] - Cineverse is set to release The Toxic Avenger on August 29, 2025, and has plans for additional franchise expansions [10][11] Industry Impact - The partnership between Cineverse and Undue Medical Debt aims to address the growing medical debt crisis by erasing at least $5 million in medical debt, with additional debt relief tied to the film's box office performance [4][5] - Undue Medical Debt is a nonprofit organization that has abolished over $22 billion in medical debt, helping more than 14 million families [9][10] - The initiative highlights the human impact of medical debt and aims to raise awareness about the broken healthcare system [5][9]
EDF: Appointment of Claude Laruelle to the EDF Group’s Executive Committee
Globenewswire· 2025-08-27 16:00
Appointment of Claude Laruelle - Claude Laruelle will join EDF as Group Executive Director for the Performance, Impact, Investment and Finance Division starting September 1, 2025, succeeding Nathalie Pivet [1][3] - Laruelle has extensive experience, having held various management positions at Veolia, including Deputy Chief Executive Officer in charge of Finance, Digital, and Purchasing until September 2024 [2][3] EDF Group Overview - EDF is a key player in the energy transition, involved in power generation, distribution, trading, energy sales, and services [4] - The Group is a world leader in low-carbon energy, generating 520 TWh with 94% decarbonized output and a carbon intensity of 30 gCO2/kWh in 2024 [4] - EDF aims to build a net zero energy future and serves approximately 41.5 million customers, with consolidated sales of €118.7 billion in 2024 [4]
Exosens extends its technology portfolio by signing an agreement to acquire Phasics, leader in high performance cameras based solutions for optical metrology
Globenewswire· 2025-08-27 16:00
Core Viewpoint - Exosens has signed an agreement to acquire Phasics, a leader in wave front sensing technology, to enhance its technology portfolio and provide innovative imaging solutions to customers [1][7]. Group 1: Acquisition Details - The acquisition of Phasics will allow Exosens to develop its multi-sensors approach and add new functionalities to its imaging business, maintaining its position at the cutting edge of technology [3]. - Phasics, founded in 2003, had sales of €8.5 million in 2024 and employs 40 people, recognized for its expertise in wave front sensing technology [4]. - The acquisition will enhance Exosens' product offerings in high-performance imaging solutions for defense, industrial control, and life sciences [7]. Group 2: Strategic Implications - The integration of Phasics is expected to accelerate its international growth by leveraging Exosens' established commercial network, particularly in instrumentation and semiconductor markets [7]. - Exosens continues to execute its bolt-on acquisition strategy, acquiring unique technology assets to reinforce its leadership across verticals and unlock value through global commercial reach and accelerated innovation [7]. Group 3: Company Background - Exosens is a high-tech company with over 85 years of experience in the innovation, development, manufacturing, and sale of high-end electro-optical technologies [6]. - The company operates on 11 sites in Europe and North America, employing over 1,800 people and is recognized as a major innovator in optoelectronics [6].
IPO Angels Launches in Strategic Partnership with MDB Capital to Redefine Early-Stage Investing
Newsfilter· 2025-08-27 16:00
Core Insights - IPO Angels, LLC has launched a new model in early-stage investing through a partnership with MDB Capital Holdings, LLC, connecting vetted early-stage companies with accredited investors and a proven IPO process [1][2] Group 1: Investment Model - IPO Angels is the first platform to combine the diligence and investor network of Keiretsu Forum's K4-MST regions with MDB Capital's public venture track record, providing accredited investors access to high-quality deal flow and a predictable path from Series A funding to IPO within 12 to 18 months [2][4] - The structured rights offering allows investors to maintain pro-rata ownership from Series A through later funding rounds and IPO, with potential liquidity within 90-180 days post-public offering [3][10] Group 2: Performance Metrics - Keiretsu Forum MST has presented over 250 vetted companies in the past three years, facilitating more than $39 million in direct member investments, with a high conversion rate from presentation to funding [4] - MDB Capital has successfully launched 17 "Big Idea" companies to IPO with a 100% public listing success rate, where approximately 60% achieved valuations of $500 million and 25% reached billion-dollar valuations [5][11] Group 3: Strategic Advantages - MDB Capital's integrated capabilities include a venture-focused broker dealer and a technology screening process, ensuring selected companies have the potential to become category leaders [6][11] - The partnership aims to deliver exceptional companies to public markets more efficiently, providing liquidity for investors and enabling founders to access capital and strategy for faster public offerings [7][10] Group 4: Membership and Access - Membership in IPO Angels is by invitation for accredited investors, offering access to curated Series A opportunities, educational programming, and investor events aligned with Keiretsu Forum MST's standards [8][9] - Members benefit from disciplined deal selection, structured investor rights, and predictable liquidity timelines, enhancing their investment experience [10][12]
Ipsen - July 2025 - Monthly information relative to the total number of voting rights and shares composing the share capital
Globenewswire· 2025-08-27 16:00
Group 1 - The total number of shares composing the share capital as of July 31, 2025, is 83,814,526 [1] - The gross total of voting rights is 132,074,727, while the net total of voting rights is 131,027,763 [1] - There exists a statutory clause that imposes an obligation to declare threshold crossing, in addition to the legal thresholds [1] Group 2 - The gross total includes shares with double voting rights and treasury shares, while the net total excludes shares without voting rights [2]
Technip Energies Awarded FEED Contracts for INPEX Abadi LNG Project in Indonesia
Globenewswire· 2025-08-27 16:00
Technip Energies (PARIS:TE), in consortium with JGC, has been awarded two significant Front-End Engineering Design (FEED) contracts for INPEX Abadi LNG project, a landmark development for Indonesia’s energy landscape located in the Masela Block. The first contract is for the gas Floating Production Storage and Offloading (FPSO) vessel and the second one for the onshore Liquefied Natural Gas facility. The contracts will be performed in a consortium with JGC Corporation. The FPSO FEED contract covers the eng ...
SEGG Media Announces Strategic 1-for-10 Reverse Stock Split to Accelerate Company Growth
Globenewswire· 2025-08-27 15:55
FORT WORTH, Texas, Aug. 27, 2025 (GLOBE NEWSWIRE) -- SEGG Media Corporation (NASDAQ: SEGG, LTRYW) (“SEGG Media” or the “Company”), a leading sports, entertainment and gaming conglomerate that owns Sports.com, Concerts.com, and Lottery.com, today announced that its Board of Directors has approved a 1-for-10 reverse stock split of its issued and outstanding common stock. The reverse split is expected to take effect at the opening of trading on August 29, 2025, subject to final coordination with NASDAQ, FINRA, ...