Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), is pleased to announce a non-brokered private placement of a minimum of 11,111,111 units and up to a maximum of 14,186,000 units of the Company (each, a "Unit") at a price of CAD$0.12 per Unit for aggregate gross proceeds of a minimum of CAD$1,333,333 and up to a maximum of CAD$1,702,320 (the "Offering"). The Offering is being completed pursuant to the ...

Core Insights - Wallbox has launched the Supernova PowerRing, a modular fast-charging system capable of delivering up to 400 kW per outlet and scalable to 720 kW per site, aimed at enhancing electric vehicle (EV) charging infrastructure [2][9]. Product Features - The Supernova PowerRing is designed to optimize energy distribution among multiple chargers, allowing for intelligent power sharing to ensure optimal performance based on real-time demand [4][6]. - It can connect up to three Supernova units and six outlets, providing scalable capacities of 240, 480, or 720 kW to meet specific site requirements [5]. - The system's compact design allows for installation in various environments, including urban retail centers and commercial parking sites, while reducing deployment costs and accelerating time to market [8][9]. Future Developments - Future phases of the PowerRing will enhance its capabilities, including power sharing even when one connector is in use and the introduction of intelligent power-sharing algorithms to optimize performance across sites [7]. Market Strategy - The rollout of the Supernova PowerRing is expected to begin in Q1 2026, starting in Southern Europe, Benelux, and the UK/Ireland, with plans to expand into additional markets, including the United States [9].

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Core Insights - Luxor Technology Corporation has launched a new energy division, Luxor Energy, aimed at providing comprehensive energy management services for Bitcoin mining operations [1] - The company is positioning itself as a vertically integrated service provider in the energy-intensive digital asset sector, managing over one gigawatt of Bitcoin mining hardware [2] - Luxor Energy will offer services such as Demand Response, Ancillary Services, and Peak Avoidance programs, which are increasingly valued by grid operators [3][4] Energy Management Services - Luxor Energy's retail electricity provider service will accept collateral in Bitcoin and offer reduced collateral requirements for users of the Luxor Pool [5] - An automated system is being developed to pay client energy bills, netting them against their mining pool balance [5] Intelligent Mining System - A key offering is the Intelligent Mining system, which optimizes mining machine performance by integrating dispatch signals with real-time data on hashrate and power prices [6] - Field results in ERCOT's West Texas region have shown an 8–14 percent improvement in profitability compared to traditional mining methods [7] Industry Trends - The expansion into energy management reflects a broader industry focus on efficient power management and grid participation, which are critical for miners' profitability [8] - This move also aims to address regulatory concerns regarding high energy use by presenting miners as flexible grid resources [8]

Core Insights - Schneider Electric has announced new data center blueprints in collaboration with Nvidia, aimed at accelerating construction timelines and facilitating the adoption of AI-ready infrastructure [1][2] - The partnership focuses on developing sustainable, AI-ready infrastructure, particularly for power, cooling, and high-density rack systems, to support the next generation of AI factories [2][6] - Schneider Electric is a leader in energy management for data centers, which constitute approximately 25% of its business [2] Group 1: Partnership and Innovation - The collaboration with Nvidia is a research and development initiative that addresses the growing demand for energy-efficient solutions in data centers [2][6] - The integration of power management and liquid cooling control systems is a key component of the new designs, which also support Nvidia's Blackwell chips [5][6] - The partnership is expected to be highly lucrative, especially in light of Nvidia's significant investment in AI technologies [6] Group 2: Energy Efficiency and AI - AI technologies are projected to enhance energy efficiency, potentially achieving four to nine times more efficiency than the energy consumed [8] - The new computing engines will allow for real-time integration of various energy sources and consumption patterns, optimizing energy usage [9] - The shift towards decentralized energy production, including renewable sources, is transforming the energy market [10][11] Group 3: Market Trends and Future Outlook - The transition to electrification and digitization is seen as essential for competitiveness, particularly in regions with limited fossil fuel resources [11][12] - Companies are increasingly adopting innovative energy solutions due to rapid advancements in technology and decreasing costs [12] - The energy sector is expected to undergo a significant revolution in the next two decades, driven by the convergence of electrification, digitization, and AI [13][14]

Core Insights - Flux Power Holdings, Inc. and Averest will showcase integrated energy management solutions at the International GSE Expo, emphasizing innovations that enhance efficiency, sustainability, and smarter ground support operations [1][2] Company Overview - Flux Power is a leader in advanced lithium-ion energy storage and software solutions for airport ground support equipment, material handling, and other industrial applications [1][6] - Averest specializes in customized electric power solutions for the aviation industry, focusing on new charging and battery technologies [5] Event Details - The International GSE Expo is a key event for the global ground support equipment industry, featuring manufacturers, suppliers, and service providers [2] - Flux Power and Averest will demonstrate integrated lithium-ion battery and energy management software solutions aimed at improving performance, reducing operating costs, and minimizing environmental impact [2] Product Highlights - Flux Power's offerings include the M24 charger for in-field recovery charging, G80 420 for enhanced performance and maintenance, G96 4P for higher voltage and capacity, and the SkyEMS 2.0 energy management solution [7][8] - The SkyEMS platform provides operators with insights into fleet performance, charging behavior, and maintenance needs, enabling data-driven decisions [3][7] Industry Trends - The aviation industry is rapidly transitioning to cleaner and more reliable ground operations, with a focus on sustainability and efficiency [3][5]

Core Insights - Legend Power Systems Inc. will release its Q3 2025 financial results on August 22, 2025, prior to market opening [1] - A webinar is scheduled for the same day at 11:00 AM ET to discuss the financial results and provide a business update [1][2] Company Overview - Legend Power Systems Inc. specializes in intelligent energy management solutions that address building energy challenges, enhancing asset management and corporate performance [2] - The company's proprietary technology reduces energy consumption and power costs while extending the lifespan of electrical equipment [2] Product Details - SmartGATE is a turnkey solution designed to identify and resolve inefficiencies in commercial electrical systems, improving energy performance and reducing costs and emissions [3] - The SmartGATE system provides full voltage regulation (+/- 8%) tailored to specific requirements, focusing on enhancing system reliability, lifetime, and efficiency [3]

Core Viewpoint - KULR Technology Group is positioned for growth with strong financial results in Q2 2025, driven by increased revenues and significant Bitcoin holdings, enabling further investments in product development and R&D efforts [2][6][7]. Financial Performance - Revenues for Q2 2025 increased by 63% to $3.97 million compared to $2.43 million in Q2 2024, with product sales rising by 74% to approximately $1.98 million [2]. - As of June 30, 2025, the company had cash and current accounts receivable totaling $24.73 million [3]. - Gross margin decreased to 18% in Q2 2025 from 24% in the same period last year, attributed to unexpected labor hours for technical projects [3]. - Selling, General and Administrative (SG&A) expenses rose to $6.94 million from $4.59 million year-over-year, mainly due to increased advertising, marketing, and stock-based compensation [4]. - Research and Development (R&D) expenses increased to $2.44 million from $1.31 million, reflecting a planned rise in consulting services [5]. - Operating loss for Q2 2025 was $9.45 million, up from $5.33 million in Q2 2024, driven by higher SG&A and R&D investments [5]. - Net income for Q2 2025 was $8.14 million, or $0.22 per share, compared to a net loss of $5.89 million, or a loss of $0.26 per share in the same period last year, primarily due to a mark-to-market gain on Bitcoin holdings [6]. Corporate Developments - KULR joined the Russell 3000® Index effective June 30, 2025, enhancing its market visibility [8]. - The company expanded its Bitcoin holdings to 1,021 BTC, achieving a yield of 291.2% [9]. - KULR secured a $20 million credit facility with Coinbase to support its Bitcoin acquisition strategy [10]. - A reverse stock split of 1-for-8 was completed on June 23, 2025, reducing outstanding shares from approximately 300 million to 40 million [10]. - KULR's Bitcoin mining operations reached 750 PH/s with plans to increase to 1.25 EH/s by late summer [10].

Financial Data and Key Metrics Changes - Total revenues for Q2 2025 were $289 million, with non-GAAP revenues at $281 million after excluding $8 million from discontinued operations [22] - Non-GAAP gross margin increased to 13.1% from 7.8% in Q1 2025, driven by higher revenue and increased utilization of operational cost structure [23][24] - Non-GAAP operating loss for Q2 was $48.3 million, an improvement from a loss of $72.4 million in Q1 [26] - Non-GAAP net loss was $47.7 million in Q2, compared to $66.1 million in Q1, with net loss per share improving to $0.81 from $1.14 [26] Business Line Data and Key Metrics Changes - U.S. revenues amounted to $185 million, representing 66% of non-GAAP revenues, while Europe contributed $65 million (23%) and international markets $31 million (11%) [22] - The company recorded a one-time expense of $18 million related to the disposition of its tracker business and a $37 million write-down of the Stella II facility [25] Market Data and Key Metrics Changes - The U.S. residential market is expected to see a shift towards the TPO model, which is anticipated to accelerate in 2026 [12] - In Europe, the company has seen initial market share gains in Q2, although overall share remains below historical levels [15] Company Strategy and Development Direction - The company plans to maximize opportunities from the One Big Beautiful Bill Act, which supports onshoring manufacturing to the U.S. and extends storage tax credits [6][7] - The focus is on ramping up U.S. manufacturing, with production facilities in Texas, Florida, and Utah [19] - The NexSys platform is on track for initial volume by the end of the year, aimed at enhancing product offerings and market competitiveness [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive free cash flow for the full year 2025, despite challenges from tariffs [10][27] - The company anticipates a decline in residential demand in 2026 due to the elimination of the 25D credit, but expects this to be partially offset by the TPO shift [9][74] - Management highlighted the importance of domestic content and compliance with FiOQ requirements to capture market share [12][44] Other Important Information - The company has approximately $812 million in cash and investments, with a net cash position of about $470 million [27] - Inventory levels decreased by $108 million to $529 million, marking the fifth consecutive quarter of reduction [28] Q&A Session Summary Question: Sustainability of revenue in Q2 and Q3 - Management indicated that Q3 guidance does not include significant pull forward of demand related to 25D or safe harbor, reflecting ongoing business recovery [35] Question: Gross margin expectations beyond Q3 - Management noted that higher revenue will drive better utilization of fixed costs, contributing to improved margins [38] Question: Safe harbor opportunities in C&I business - Management refrained from providing specifics on safe harbor deals but acknowledged strong demand in the C&I segment [44] Question: Revenue growth expectations in Europe and the U.S. - Management expects strong performance in the U.S. market, while the European market may remain weak [53] Question: Pricing strategy in Europe - Management stated that pricing is not currently a barrier to growth, and they are prepared to respond to market conditions as needed [97] Question: Battery sourcing strategy and margin targets - Management emphasized a focus on quality and reliability in battery sourcing, with ongoing efforts to improve cost structures [100] Question: Warranty impact on margins - Management noted improvements in product quality, which should positively affect warranty-related costs over time [105]

Group 1 - Blue Acquisition Corp. will allow holders of units from its initial public offering to separately trade Class A ordinary shares and rights starting August 4, 2025 [1] - The Class A ordinary shares will trade under the symbol "BACC" and the rights under "BACCR" on the Nasdaq Global Market, while units not separated will continue to trade under "BACCU" [1] Group 2 - Blue Acquisition Corp. is a blank check company aimed at executing mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations [2] - The company intends to focus on business combination targets within manufacturing or data centers that align with green energy initiatives and sustainable practices, as well as software development in emerging technologies like AI, Cybersecurity, and energy management [2]