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Cuprina Signs MOU with Singapore Biowaste Solutions to Integrate Medical Waste Management Technologies
Globenewswire· 2025-10-27 12:40
Core Insights - Cuprina Holdings has signed a Memorandum of Understanding (MOU) with Singapore Biowaste Solutions to explore the integration of its medical waste recycling technology into SBS's waste management facility in Singapore [1][2][3] Company Overview - Cuprina Holdings is a biomedical company focused on developing and marketing products for chronic wounds, infertility, and cosmeceuticals [1][6] - Singapore Biowaste Solutions is recognized as Singapore's most advanced provider for biomedical waste disposal and management [7] Collaboration Details - The collaboration aims to reduce reliance on incineration and landfilling, enhance recycling efficiency, and unlock new revenue streams from recycled materials [2][5] - Cuprina will provide technical expertise, training, and support for a feasibility study and pilot program at SBS's facility [3][4] - SBS will contribute operational data, facility access, and regulatory support to ensure compliance with Singapore's environmental standards [4] Technology and Innovation - Cuprina's technology involves a high-temperature steam process known as autoclaving, which sterilizes, decontaminates, and recycles plastic-based medical waste into high-value resins [3] - This technology has been developed under the oversight of the United Nations Industrial Development Organization (UNIDO) and the Global Environment Facility (GEF) [3] Future Prospects - The companies plan to develop revenue-sharing models for the integrated process and explore expansion opportunities across Southeast Asia [5] - Cuprina's CEO expressed optimism that the integrated recycling technology could secure necessary regulatory approvals and commence operations by the end of 2026 [5]
Cielo Confirms No Material Change
Globenewswire· 2025-10-24 18:02
Group 1 - Cielo Waste Solutions Corp. has confirmed that its management is unaware of any material changes in operations that would explain the recent increase in market activity [1] - Cielo focuses on transforming waste materials into high-value products, addressing global waste challenges and contributing to the circular economy while reducing carbon emissions [2] - The company aims to be a leader in the wood by-product-to-fuels industry by utilizing environmentally friendly and economically sustainable technologies [2] Group 2 - Cielo is committed to providing environmental waste solutions that are expected to generate positive returns for shareholders [2] - The company's shares are publicly traded on the TSX Venture Exchange under the symbol "CMC" and on the OTCQB under the symbol "CWSFF" [2]
CARBIOS announces the publication of its Interim report for the first half of 2025
Globenewswire· 2025-10-24 18:00
Group 1 - CARBIOS has released its Interim report for the first half of 2025, which is available for shareholders and the financial community [1] - The company focuses on developing and industrializing biological technologies aimed at reinventing the lifecycle of plastics and textiles [2] - CARBIOS has two main technologies: PET biorecycling and PLA biodegradation, which are currently being scaled up to industrial and commercial levels [2] Group 2 - The industrial demonstration plant for biorecycling has been operational since 2021, with the construction of the world's first biorecycling plant expected to resume before the end of 2025, pending additional funding [2] - CARBIOS collaborates with major brands in the cosmetics, food, and apparel industries to enhance the recyclability and circularity of their products [2] - The company is part of the global community of B Corp™ certified companies, indicating a commitment to transforming business models for the common good [2]
Envela to Announce Third Quarter 2025 Financial Results on November 5
Accessnewswire· 2025-10-23 23:05
Company Update - Envela Corporation plans to report its financial results for the third quarter of 2025 after the market closes on November 5, 2025 [1] Company Overview - Envela Corporation (NYSE American: ELA) is a leading provider of re-commerce services, focusing on sustainability and innovation within the circular economy [3] - The company aims to extend product lifecycles to minimize resource consumption and carbon emissions, contributing to environmental sustainability [3] Business Segments - Envela operates through two primary business segments: Consumer and Commercial [4] - The Consumer segment includes retail stores and online platforms offering premium brands and luxury hard assets [4] - The Commercial segment provides tailored re-commerce solutions to clients, including many Fortune 500 companies [4]
Verkkokauppa.com Oyj Interim Report for 1 January – 30 September 2025: Significant revenue growth and operational efficiency drove strong financial performance
Globenewswire· 2025-10-23 05:00
Core Insights - Verkkokauppa.com Oyj experienced significant revenue growth and operational efficiency, leading to strong financial performance in the first nine months of 2025, with revenue increasing by 9.3% to EUR 358.2 million compared to EUR 327.7 million in the same period last year [5][25][32] - The company reported a notable improvement in profitability, with the operating result (EBIT) rising to EUR 12.2 million from a loss of EUR 2.3 million in the previous year, reflecting a strong recovery in its core business [5][32] - The sale of the consumer financing business contributed positively to the financial results, providing a non-recurring gain that bolstered the operating result [10][35] Financial Performance - For Q3 2025, revenue reached EUR 131.2 million, a 14.9% increase from EUR 114.2 million in Q3 2024, driven by strong online sales growth of 23.1% [4][5][17] - Gross profit for the first nine months was EUR 62.5 million, with a gross margin of 17.4%, up from 16.0% in the previous year [5][30] - The comparable operating result improved to EUR 9.1 million from a loss of EUR 1.9 million, indicating a recovery in operational efficiency [5][32] Market Dynamics - The consumer electronics market showed moderate growth, with Verkkokauppa.com leading in multiple categories, particularly in IT products due to the transition to Windows 11 [16][17] - International sales surged by 34.5% year-over-year, highlighting the company's successful expansion strategy [11][17] - Online sales accounted for 68.9% of total revenue, reflecting a continued shift towards e-commerce [19][27] Strategic Initiatives - The company focused on enhancing operational efficiency, resulting in a solid gross margin of 16.6% supported by improved commercial terms and inventory management [9][22] - Verkkokauppa.com is committed to strengthening its market position through strategic initiatives, including expanding its service offerings and enhancing delivery capabilities [12][42] - The company has signed a long-term partnership with Walley for consumer financing, which is expected to support growth and long-term objectives [37] Investment and Financial Position - Investments in IT infrastructure and operational efficiency totaled EUR 2.2 million in the first nine months of 2025, reflecting the company's commitment to enhancing its capabilities [34] - The financial position was strengthened by the sale of the consumer financing business, which provided a significant cash inflow and improved the balance sheet [10][35] - Operating cash flow for the first nine months was EUR 14.6 million, a significant recovery from a negative cash flow in the previous year [33]
Michelin: Group sales at Sept.30 decreased by 4.4% year on year. On October 13, following a deterioration mainly relating to North America, the Group issued a press release revising its guidance for full-year 2025.
Globenewswire· 2025-10-22 15:45
Core Insights - Group sales for the first nine months of 2025 decreased by 4.4% year on year, amounting to €19.3 billion, primarily due to a challenging economic environment and increased competition in Q3 [3][4][36] Sales Performance - The overall tire market performance reflects a contraction in the Original Equipment segment in Europe and North America, while the Replacement segment was influenced by budget tire imports [2][5] - Segment sales for Automotive and Two-wheel reached €10.5 billion, down 2.5% from the previous year, with volumes declining by 2.9% [6][37] - Road Transportation segment sales fell by 8.1% to €4.5 billion, driven by a significant drop in Original Equipment markets [6][45] - Specialty businesses reported a decline of 5.0% in sales, totaling €4.3 billion, with volumes decreasing by 4.5% [6][49] Market Dynamics - In the Passenger Car & Light Truck tire market, Original Equipment demand rose by 2% globally, with a notable 9% increase in China, while Europe and North America saw declines of 6% and 3% respectively [8][9] - The Replacement tire market globally edged up by 1%, with Europe experiencing a 4% increase, largely due to low-cost tire imports [15][16] - Truck tire markets (excluding China) saw a 2% increase in the global Original Equipment and Replacement market, but North America faced a 20% decline [20][21][23] Financial Outlook - The Group adjusted its financial outlook for 2025 and 2026, with Segment Operating Income expected between €2.6 billion and €3.0 billion, down from previous expectations [4][36] - Free cash flow before M&A is anticipated to be between €1.5 billion and €1.8 billion, also revised down from earlier forecasts [36] Currency and Price Effects - A negative currency effect of 2.3% was noted, primarily due to the weaker US dollar against the euro [36] - The price-mix effect remained positive at +3.2%, although it softened in recent months amid increased competition [36][43] Specialty Tire Markets - Demand for specialty tires, particularly in the Mining and Aircraft segments, showed growth, while Agricultural and Construction tire markets continued to decline [28][30][51] - The Polymer Composite Solutions market exhibited mixed trends, with stable demand in some segments and declines in others [34][53] Non-Financial Performance - The Group is recognized for its commitment to environmental, social, and governance (ESG) performance, with a focus on sustainability initiatives [54]
Cerro de Pasco Resources Announces Private Placements of up to $15 Million
Globenewswire· 2025-10-21 01:12
Core Points - Cerro de Pasco Resources Inc. is conducting a private placement to raise up to $15 million by offering up to 31,250,000 units at a price of $0.48 per unit [1][3] - Each unit consists of one common share and one half of a common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.68 for 24 months [2] - The proceeds will be used for advancing the Quiulacocha Tailings Project and for general corporate purposes [3] Financial Details - The offering is expected to close around November 6, 2025, subject to necessary approvals [6] - Agents will receive a cash fee of 6% of the gross proceeds and broker warrants equivalent to 6% of the offering [7] Company Overview - Cerro de Pasco Resources focuses on the El Metalurgista mining concession, which contains silver-rich mineral tailings and stockpiles from over a century of mining operations [9] - The company's strategy involves reprocessing mining waste and environmental remediation, contributing to a circular economy [9]
Norwegian Cruise Line Holdings and Repsol Sign Long-Term Agreement to Supply Renewable Fuels in Barcelona
Globenewswire· 2025-10-20 12:30
Core Insights - Norwegian Cruise Line Holdings Ltd. (NCLH) and Repsol have entered into an 8-year agreement to supply renewable marine fuels at the Port of Barcelona, marking a significant collaboration in the cruise industry [1][2][3] Group 1: Agreement Details - The partnership will commence in the 2026 European season, with Repsol providing a range of renewable fuels, including biofuels and renewable methanol starting in 2029, to NCLH's cruise brands [2][3] - All fuels supplied under this agreement are certified under the ISCC EU framework, ensuring compliance with NCLH's environmental and decarbonization goals [4] Group 2: Environmental Commitment - This collaboration aligns with NCLH's Sail & Sustain program, which aims to reduce greenhouse gas (GHG) intensity by 10% by 2026 and 25% by 2030 [6] - Repsol's renewable methanol will be produced at the Ecoplanta facility in Tarragona, which will process up to 400,000 tons of municipal solid waste annually, converting it into 240,000 tons of renewable fuels and circular products [5] Group 3: Industry Impact - The agreement highlights the readiness of renewable fuels to significantly reduce the carbon footprint of the maritime sector, showcasing the potential for immediate emissions reductions at sea [3][4] - Repsol is expanding its renewable fuel capabilities, operating the first renewable diesel and SAF plant in Cartagena and building a second plant in Puertollano, with a goal to enhance its renewable fuel network across Spain and Portugal [7]
Liquidity Services Announces Fourth Quarter Fiscal Year 2025 Earnings Conference Call
Globenewswire· 2025-10-20 10:55
Core Viewpoint - Liquidity Services is set to announce its fourth quarter fiscal year 2025 results on November 20, 2025, with a conference call scheduled for the same day to discuss the results [1]. Company Overview - Liquidity Services operates the largest B2B e-commerce marketplace for surplus assets, having completed over $10 billion in transactions [3]. - The company serves more than five million qualified buyers and 15,000 corporate and government sellers globally [3]. - Liquidity Services supports sustainability efforts by extending asset life, reducing waste and carbon emissions, and minimizing landfill contributions [3].
The RealReal Announces Timing of Its Third Quarter 2025 Earnings Conference Call
Globenewswire· 2025-10-13 20:05
Core Insights - The RealReal will release its financial results for Q3 2025 on November 10, 2025, after market close [1] - A conference call to discuss the financial results will take place at 2:00 p.m. Pacific Time [1] Company Overview - The RealReal is the largest online marketplace for authenticated resale luxury goods, boasting over 40 million members [3] - The company employs a rigorous authentication process with hundreds of in-house experts, including gemologists and brand authenticators [3] - The RealReal supports the circular economy by giving new life to luxury items across various categories, including fashion, jewelry, and home goods [3] - The company offers convenient selling options, including virtual appointments, in-home pickups, and direct shipping, handling all aspects of the consignment process [3]