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ON Semiconductor(ON) - 2025 Q1 - Earnings Call Presentation
2025-05-05 12:34
Quarterly Investor Presentation First Quarter 2025 © onsemi 2025 | Public Information | 1 © onsemi 2025 | Public Information Safe Harbor Statement and Non-GAAP and Forecast Information This presentation includes "forward-looking statements," as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included or incorporated in this presentation could be deemed ...
CLIMATEROCK ANNOUNCES ADJOURNMENT OF SHAREHOLDER MEETING TO 11:00 AM EASTERN TIME MAY 1, 2025
Globenewswire· 2025-04-30 20:48
London, April 30, 2025 (GLOBE NEWSWIRE) -- ClimateRock (“ClimateRock” or the “Company”) (OTC: “CLRCF”, “CLRUF”, “CLRWF”, “CLRRF”) announced today that, in connection with the Company’s extraordinary general meeting of shareholders (the “Special Meeting”) to consider and approve, among other things, an extension of time for the Company to consummate an initial business combination from May 2, 2025 to November 2, 2025, or such earlier date as determined by the Company’s board of directors (the “Extension”), t ...
Enphase Energy Enters the Solar Market in Japan with IQ8 Microinverters
GlobeNewswire News Room· 2025-04-28 12:00
Core Insights - Enphase Energy has announced the production shipments of IQ8 Microinverters in Japan through a distribution agreement with ITOCHU Corporation, enhancing its market presence in a significant residential solar market [1][3] - Tokyo has mandated rooftop solar installations on all new homes built by large-scale homebuilders, creating a favorable environment for Enphase's products [2][3] - The IQ8 Microinverters are designed to address the unique challenges of smaller roof areas in Tokyo, providing flexible and scalable solar solutions [2][4] Company Overview - Enphase Energy is a global energy technology company based in Fremont, CA, recognized as the leading supplier of microinverter-based solar and battery systems [5] - The company has shipped approximately 81.5 million microinverters and deployed around 4.8 million Enphase-based systems in over 160 countries [5] Product Details - The IQ8HC Microinverters can manage a continuous DC current of 14 amperes and feature a peak output power of 350 VA, with a 25-year warranty for products activated in Japan [3][4] - Enphase's microinverters utilize an AC architecture that enhances safety and reliability, making them suitable for compact roofs even under partial shading conditions [4]
TOYO Commences Production in its 2GW Solar Cell Facility in Ethiopia
Prnewswire· 2025-04-22 12:30
Core Insights - TOYO Co., Ltd has commenced production at its new facility in Ethiopia, aiming to deliver over 80 MW of solar cells by the end of April 2025 [1] - The Ethiopian plant is expected to reach full operational capacity of 150 to 200 MW per month by May and June 2025, with plans to expand nameplate capacity to 4 GW due to strong customer demand [2][4] - The establishment of the Ethiopian facility is part of TOYO's strategy to diversify manufacturing locations and enhance its global solar manufacturing footprint [3] Company Strategy - TOYO aims to become a full-service solar solutions provider, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [4] - The company is optimistic about the strong market demand and is working on an additional 2 GW expansion in Ethiopia, indicating a significant growth trajectory for 2025 [4] Market Position - The new facility in Ethiopia supports TOYO's commitment to sustainable energy solutions and positions the company to meet the increasing global demand for renewable energy [3][4]
TOYO Co., Ltd Announces Plans for Additional 2GW Solar Cell Capacity Expansion in Ethiopia
Prnewswire· 2025-03-26 12:00
Core Viewpoint - TOYO Co., Ltd is expanding its solar cell capacity by an additional 2 gigawatts (GW) at its facility in Ethiopia, responding to strong global demand for high-performance solar cells [1][2]. Expansion Details - The expansion will double the current production capacity from 2GW to 4GW [8]. - The project is estimated to require an investment of $47 million [8]. - Construction for the expansion is scheduled to begin in April 2025 and is expected to be completed by July 2025, with production commencing in August 2025 [8]. Facility and Infrastructure - TOYO is negotiating a lease for a 28,000 m² facility in Hawassa, Ethiopia, adjacent to the existing Phase 1 site, which will support the Phase 2 expansion [3]. - The existing infrastructure from Phase 1 will significantly shorten the timeline for the expansion [3]. Strategic Vision - The company aims to be a key player in the global solar industry while reducing its carbon footprint across the supply chain [4]. - TOYO is committed to becoming a full-service solar solutions provider, integrating various stages of the solar power supply chain [5]. Production Readiness - Phase 1 of the solar cell manufacturing facility has been completed with a capacity of 2GW, and equipment installation, tests, and trial runs are currently underway [2]. - Formal production at the Phase 1 facility is scheduled to commence in early Q2 2025 [2].
ConnectM Issues Stockholder Letter from CEO & Chairman
Prnewswire· 2025-03-25 12:00
MARLBOROUGH, Mass., March 25, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today issued the following letter to stockholders from Bhaskar Panigrahi, Chief Executive Officer and Chairman:Dear Valued ConnectM Stockholders, Image1 - Graph Image2 - Flywheel Image3 - AGVU As we mark our first eight months as a publicly traded company, I am pleased to share our significant a ...
N2OFF Signs Non-Binding LOI for Potential 380MW Battery Energy Storage Projects
Newsfilter· 2025-03-18 10:33
Core Points - N2OFF, Inc. has signed a non-binding letter of intent with SB Impact 4 and Solterra for the investment and development of up to four utility-scale Battery Energy Storage System projects in Puglia, Italy, with a combined potential capacity of 380 MW [1][2] - The new projects build on an existing Development Service Agreement that grants exclusivity to SB Impact 4 and N2OFF for evaluating and potentially acquiring these projects within a 60-day period [2] - N2OFF is committed to invest up to €4.4 million in projects located in Germany and Italy, targeting a total capacity of over 300 MW [3] Project Details - The projects under negotiation are located in the Puglia region, with some having secured grid access while others are in early development stages [2] - SB Impact 4 will acquire one or more of these projects, integrating them into the existing Development Service Agreement, with structured payment terms based on key project milestones [4] Company Overview - N2OFF, Inc. focuses on sustainable energy solutions and agri-tech innovations, aiming to reduce greenhouse gas emissions and promote environmentally friendly agricultural practices [5] - The company has recently entered the solar PV market and is providing funding to Solterra Renewable Energy Ltd. for a current project with a total capacity of 111 MWp [5]
Cordia Finalizes Expanded Public-Private Partnership with Duquesne University
Globenewswire· 2025-03-06 13:00
Core Insights - Cordia has completed the acquisition of Duquesne University's plant distribution system assets for $50 million, enhancing their long-term partnership [1][2] - The acquisition includes a 35-year energy service agreement, allowing Cordia to provide energy services to the University [1][2] - This transaction builds on a previous acquisition in 2019, where Cordia acquired Duquesne's district energy cogeneration utility plant for $102 million [2] Company and Industry Developments - The interconnection of Duquesne's district energy system with Cordia's Uptown district energy system has improved operational efficiency and redundancy, ensuring uninterrupted service [3] - The partnership has enabled the monetization of excess steam capacity from Duquesne's campus plant, generating additional economic value for the University [3] - In 2022, Cordia and Duquesne expanded their partnership through a steam line interconnection agreement, facilitating steam delivery to multiple buildings in downtown Pittsburgh [4] Commitment to Sustainability - Cordia emphasizes its commitment to providing reliable, sustainable, and efficient energy solutions, supporting Pittsburgh's energy infrastructure and community sustainability goals [5] - Cordia serves over 700 customers across the U.S. with heating, cooling, and electricity, aiming for a more resilient and sustainable energy future [5]
N2OFF Signs Definitive Agreement to Acquire Next-Gen Computational Drug Discovery Company, Targeting Hard To Treat Cancers
Globenewswire· 2025-02-26 14:29
Core Viewpoint - N2OFF, Inc. has entered into a definitive agreement to acquire MitoCareX Bio Ltd., a biotech company focused on cancer therapeutics, which will enhance N2OFF's portfolio in sustainable solutions and innovation in agri-tech and clean technology [1][2]. Group 1: Acquisition Details - N2OFF will acquire full ownership of MitoCareX by purchasing 4,961 shares for $700,000 and exchanging additional shares for 40% of N2OFF's fully diluted capital stock [2]. - The Sellers will receive 30% of N2OFF's financing proceeds, capped at $1.6 million, for five years following the acquisition [2]. - The agreement includes milestone-based issuances of up to 25% of N2OFF's common stock, calculated on a fully diluted basis [3]. Group 2: MitoCareX Overview - MitoCareX specializes in developing novel therapies for hard-to-treat cancers by targeting the mitochondrial SLC25 protein family [4]. - The company utilizes advanced 3D comparative modeling and in-vitro screening systems to identify and validate anti-cancer small molecule therapeutics [4]. - The global Cancer Therapeutics and Biotherapeutics market is projected to grow from $194.1 billion in 2024 to $344.1 billion by 2031, indicating significant market potential for MitoCareX's innovations [4]. Group 3: Financial Commitment - N2OFF is committed to financially support MitoCareX's operations with an initial cash investment of $1,000,000 during the first two years post-acquisition [5]. - The board of MitoCareX will be reconstituted with appointees from N2OFF upon closing of the transaction [2][5]. Group 4: Company Background - N2OFF, Inc. focuses on sustainable solutions for energy and agri-tech, including greenhouse gas emissions reduction and solar energy projects [7]. - The company has recently entered the solar PV market and is involved in projects with a total capacity of 111 MWp [7].