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Next-Gen Inflatable Shelters Move Toward Market as Michelin and ALUULA Complete R&D Phase
Newsfile· 2025-10-09 21:00
Core Insights - ALUULA Composites Inc. and Michelin Inflatable Solutions have successfully completed the R&D phase of their collaboration, with the first commercial product expected to be released by late 2025 [1][2][4] Group 1: Collaboration and Innovation - The partnership aims to revolutionize the construction of strong and sustainable shelters using ALUULA's ultra-light, high-performance, and fully recyclable composite materials [2][3] - Michelin Research & Technology has developed an innovative design that utilizes ALUULA's materials, targeting high-demand applications such as aeronautics, space, and defense [3][6] - The collaboration emphasizes the importance of combining engineering expertise with innovative material technology to create high-performance, sustainable solutions [5][7] Group 2: Product Development and Market Readiness - The first commercial product from the collaboration is anticipated to launch by the end of 2025, with full commercialization expected in 2026 [4][9] - ALUULA's composite materials are noted for being eight times stronger than steel for an equivalent weight, and they are designed for recyclability, waterproofing, and UV resistance [6][7] Group 3: Strategic Vision and Future Commitment - Both companies are committed to scaling the impact of next-generation materials through strategic partnerships, aiming for circular product design [9] - Michelin's extensive experience in engineered materials positions it to contribute significantly to sustainable innovations across various industries [11]
CleanGo Innovations Inc. Unveils CleanGo Marine CG-M100 a Proprietary Green Solution for the Global Vessel Cleaning Market
Thenewswire· 2025-09-30 13:30
Core Insights - CleanGo Innovations Inc. has launched CleanGo Marine and its flagship product CG-M100, an environmentally friendly industrial-grade dispersant aimed at revolutionizing the vessel and tanker cleaning industry [1][2]. Industry Overview - The global ship cleaning services market is valued at over $1 billion annually, with strong growth projected due to regulatory compliance, operational efficiency, and increasing demand for environmental sustainability [2]. - The Asia-Pacific region holds the largest market share, while North America and Europe also represent significant segments due to extensive maritime infrastructure and stringent environmental regulations [2]. Product Features - CG-M100 is engineered with proprietary green technology, featuring a water-based, non-toxic formula that eliminates risks associated with harmful chemical discharge [3]. - The product does not pose a risk to aquatic life and enables the recovery of clean oil for reuse or recycling, providing significant environmental and economic benefits over traditional methods [3]. Operational Benefits - CG-M100 utilizes advanced green certified emulsification technology to break down complex oils and long-chain hydrocarbon molecules, leading to faster cleaning times and visibly cleaner surfaces [4]. - As a non-flammable, non-toxic, and biodegradable solution, CG-M100 reduces fire hazards and risks associated with chemical handling, storage, and disposal, creating a safer working environment [4]. - The product has been approved by Health Canada for eliminating 99.9% of viruses and bacteria on hard, non-porous surfaces, enhancing hygiene standards in industrial settings [4]. Cost Efficiency - CG-M100 offers a lower cost per application due to its highly concentrated formulation, requiring less product for superior results, which reduces labor requirements and minimizes equipment downtime [4]. - Proven efficacy against a broad spectrum of harmful microorganisms has been confirmed through rigorous third-party testing [4]. Company Overview - CleanGo Innovations Inc. is a leading developer and manufacturer of proprietary non-toxic and biodegradable cleaning solutions, focusing on sustainable innovation and high-performance products that are safe for people, pets, and the planet [5].
Borregaard ASA: NOK 15 million grant for Borregaard’s Biomer project
Globenewswire· 2025-09-25 10:46
Core Insights - The Norwegian Research Council has awarded NOK 15 million to Borregaard for its Biomer innovation initiative aimed at developing bio-based alternatives to polycarboxylates [1][3] - Polycarboxylates are fossil-based polymers with a high carbon footprint and environmental persistence, which Borregaard seeks to replace with greener alternatives [2] - The Biomer project will utilize Borregaard's advanced biorefinery and expertise in wood chemistry to create sustainable solutions with a significantly lower environmental impact [2] Project Details - The Biomer project is set to run for four years, from January 2026 to December 2029 [3] - The initiative aims to create new high-value markets for Norwegian bioresources and contribute to reducing the carbon footprint across various sectors [3]
Aduro Clean Technologies to Participate in September Conferences and Initiates Public Relations Campaign
Globenewswire· 2025-09-04 11:00
Core Insights - Aduro Clean Technologies Inc. is actively participating in several investor and industry events in September 2025 to enhance its brand visibility and industry presence [1] - The company has initiated a public relations campaign with KCSA Strategic Communications to support its communication and marketing efforts [6][7] Event Participation - Aduro will present at the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, providing access to institutional investors and industry leaders [2] - The company will also participate in the Gabelli Funds 3rd Annual PFAS Symposium on September 17, 2025, focusing on market opportunities related to environmental challenges [3] - Aduro is set to represent itself at the Nasdaq New York Climate Week Forum on September 23, 2025, discussing sustainable innovation and climate-focused investments [4] Public Relations Strategy - The KCSA Agreement includes expanded public relations services, such as media relations, ESG positioning, and amplification of technical and commercial milestones [7][8] - KCSA will deliver services across various platforms, including financial news outlets and social media, for a term of six months starting September 8, 2025, at a cost of US$10,000 per month [9]
ALUULA and Brand Partners Pioneer Next-Gen Recyclable Products
Newsfile· 2025-09-03 21:30
Core Insights - ALUULA Composites Inc. is collaborating with various brand partners to launch products utilizing its ultra-light, high-performance composite fabrics in multiple sectors including wind sports, outdoor performance, and industrial applications [1][2] Brand Partnerships and Product Innovations - ALUULA's materials are non-adhesive, recyclable, and support a no-sew design, allowing for the development of lighter and stronger products [2] - Notable achievements include a new height record of 34 meters in kiteboarding using the ALUULA Helium Frame on the Naish Psycho Nvision kite [3] - DUOTONE has introduced a limited-edition Blue ALUULA fabric for their DUOTONE EVO D/Lab kites [3] - Vayu has launched the next-generation X-Race series wing featuring the ALUULA Gold frame, designed for professional riders [4] - Osprey and Carryology have released a new backpack in their Archeon series made with ALUULA Durlyte™ [5] - Arc'teryx Equipment has launched the Alpha SL 30 Backpack, which is ultra-light and made with ALUULA Graflyte™ fabric [6] - Db Journey's "Weigh Lighter" collection, featuring ALUULA Graflyte™, sold out quickly due to its lightweight and durable design [7] Research and Development Initiatives - ALUULA is collaborating with Airseas on a project aimed at decarbonizing the maritime sector, exploring the use of ALUULA's materials for an automated kite system in the Seawing project [8] Company Overview - ALUULA is recognized for its ultra-light, high-performance, and recycle-ready composite materials, enhancing outdoor gear performance while maintaining sustainability [9]
EZVIZ joins forces with Plastic Bank, turning the tide on plastic waste through sustainable innovation and community empowerment
Globenewswire· 2025-09-01 03:30
HOOFDDORP, The Netherlands, Aug. 31, 2025 (GLOBE NEWSWIRE) -- This September, EZVIZ is expanding the scope of its Green Initiative with the announcement of a new global partnership with Plastic Bank, an international social fintech dedicated to reducing plastic waste and uplifting collectors. Building on the momentum of its World Environment Day commitments in June, EZVIZ carries forward its mission with its “Together for Change, Bottle by Bottle” campaign, connecting long-term environmental ambitions with ...
Canaan Inc. Supplies Avalon® ASIC Kits for Bitfury's North American Infrastructure Upgrade
Prnewswire· 2025-08-28 13:05
Core Viewpoint - Canaan Inc. has received a purchase order from Bitfury Group for Avalon® ASIC-powered upgrade kits, aimed at enhancing Bitfury's Bitcoin mining capacity and energy efficiency at its North American facility [1][3]. Group 1: Collaboration and R&D - The order signifies a milestone in the ongoing R&D collaboration between Canaan and Bitfury, which began in July 2024, focusing on economically efficient and innovative mining solutions [2][3]. - The partnership has previously resulted in the delivery of 4,500 Avalon® A14 series units for Bitfury's operations, showcasing the effectiveness of their joint development efforts [3]. Group 2: Operational Efficiency and Sustainability - Bitfury plans to repurpose a significant portion of its existing systems while integrating the Avalon® ASIC Kit, which will lower capital expenditures and electronic waste while improving efficiency [4]. - This collaboration emphasizes the commitment of both companies to sustainable innovation and operational excellence, highlighting the importance of infrastructure re-use and energy optimization in the maturing mining sector [5]. Group 3: Future Outlook - Both companies are looking to explore further upgrades and innovation opportunities in North America and beyond, reinforcing their dedication to decentralized innovation and sustainability [5].
Allbirds (BIRD) Q2 Revenue Falls 23%
The Motley Fool· 2025-08-07 21:13
Core Insights - Allbirds reported Q2 2025 results that exceeded Wall Street expectations for both GAAP revenue and earnings per share, with GAAP net revenue of $39.7 million and a GAAP loss per share of $1.92, although revenue fell 23.1% year-over-year [1][2] - The company lowered its full-year 2025 net revenue outlook to $165–$180 million, citing ongoing business transformation and slower-than-expected sales recovery [1][10] Financial Performance - GAAP revenue for Q2 2025 was $39.7 million, down from $51.6 million in Q2 2024, representing a 23.1% decline [2] - Gross margin decreased to 40.7% from 50.5% year-over-year, attributed to increased promotional activity and inventory write-downs [2][6] - Adjusted EBITDA loss improved to $12.6 million from a loss of $13.7 million in Q2 2024 [2][8] - Inventory levels decreased by 21.3% to $42.2 million [2] Business Strategy - Allbirds focuses on sustainable materials for its footwear and apparel, with core products including lifestyle sneakers and casual footwear [3] - The company has shifted towards cost discipline, reducing underperforming retail locations and prioritizing e-commerce and distributor relationships [4] - The transition to a distributor model in over 40 countries aims to reduce fixed costs but has resulted in lower gross margins [5] Operational Highlights - Selling, general, and administrative (SG&A) costs decreased to $24.2 million, representing 60.9% of revenue, down from 65.0% [7] - Marketing expenses fell to $8.5 million, primarily due to reduced digital advertising spend [7] - The company ended the quarter with $33.1 million in cash and $5.0 million in borrowings on its revolving credit facility [8] Product Development - Allbirds is preparing to launch new products, including a Remix subcategory featuring upcycled materials and fully waterproof footwear [9] - Upcoming collections include Elevated (professional/dress styles) and Relaxed (for casual wear), aimed at renewing brand engagement [9] Future Outlook - Management updated its FY2025 net revenue guidance to $165–$180 million, down from a previous range of $175–$195 million [10] - Projected adjusted EBITDA losses for the full year remain at $65–$55 million, with Q3 2025 revenue forecasted between $33–$38 million [10] - The company anticipates a negative revenue impact of $20–$25 million due to the shift to international distributors and domestic store closures [10]
ReGen III Appoints Accomplished Executive as Chief Financial Officer to Drive Next Phase of Growth
Newsfile· 2025-08-05 21:47
Core Viewpoint - ReGen III Corp. has appointed Brad Kotush as Chief Financial Officer to drive the company's next phase of growth in the clean technology sector, specifically in upcycling used motor oil into high-value base oils [1][5][6]. Company Overview - ReGen III Corp. specializes in transforming used motor oil (UMO) into premium Group II and III base oils, utilizing patented ReGen™ technology [13][14]. - The company's process is designed to achieve up to 82% lower CO₂e emissions compared to virgin crude-derived oils, promoting sustainability in the lubricants market [13]. Leadership Transition - Brad Kotush brings over 17 years of experience as a CFO, having previously served at Home Capital Group Inc. and Canaccord Genuity Group Inc., where he significantly contributed to capital market growth and strategic acquisitions [2][3][4]. - Rick Low has stepped down as CFO but will remain in an advisory role for six months to ensure a smooth transition [11]. - Mark Redcliffe will also step away as EVP and Chief Strategy Officer, continuing to support the company in a consulting capacity [12]. Strategic Goals - ReGen III aims to become the world's largest producer of sustainable, re-refined Group III base oils, setting new standards for performance and responsibility in the lubricants market [15]. - The company is evaluating opportunities to deploy its patented technology across various strategic markets, in addition to its flagship facility in Texas City, Texas, which is designed to process 5,600 barrels per day [14].
KIA BRINGS THE FUTURE TO THE HISTORIC KIA FORUM WITH THE "KIA CONNECTED HOME"
Prnewswire· 2025-07-29 23:49
Core Insights - Kia America is showcasing the Kia Connected Home™ at the Kia Forum in Los Angeles, emphasizing the integration of electric vehicles into everyday living [1][4] - The Kia Connected Home™ features the EV9's vehicle-to-home (V2H) functionality, allowing energy transfer from the vehicle to residential spaces [2][9] - The initiative reflects Kia's commitment to sustainable innovation and aims to redefine mobility's role in daily life [3][4] Group 1: Kia Connected Home™ Overview - The Kia Connected Home™ is open from July 28 to January 29, providing an interactive experience for guests [1][9] - It showcases how the EV9 can power homes during outages or peak energy times through innovative energy capabilities [2][9] - The installation aligns with Kia's "Opposites United" design framework, merging technology with thoughtful design [3] Group 2: Interactive Experience and Technology - The event includes an interactive EV9 driving simulation, enhancing guest engagement with a first-person 3D perspective [5] - Participants can experience advanced in-vehicle technologies such as Highway Driving Assist 2 and Remote Smart Parking Assist 2, showcasing Kia's commitment to driver convenience [6] Group 3: Corporate Presence and Recognition - Kia America is recognized as one of the TIME World's Most Sustainable Companies of 2024, highlighting its commitment to sustainability [7] - The company serves as the "Official Automotive Partner" of the NBA and WNBA, further solidifying its brand presence [7]