PITTSBURGH, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), an American energy company and the leading innovator in designing, sourcing, manufacturing, and providing zinc-based battery energy storage systems (BESS), today announced it will participate in the World Economic Forum (WEF) Annual Meeting 2026 in Davos, Switzerland. As energy systems face mounting pressure from rising demand, grid constraints, and rapid industrial and digital growth, Eos ent ...

SINGAPORE, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions based in Singapore, today announced that its wholly-owned subsidiary, Uni-Fuels Pte Ltd (“Uni-Fuels Singapore”), has received a Letter of Award (“LOA”) for a three-year supply of marine fuels from a leading provider of engineering, procurement, construction, and installation (“EPCI”) contractor of offshore oil and gas projects in the Asia Pacific r ...

Core Viewpoint - Electrovaya Inc. is actively participating in several upcoming conferences to enhance its visibility and engagement with investors and industry stakeholders [1] Company Participation in Conferences - The CEO of Electrovaya, Dr. Raj DasGupta, will attend the 15th Annual Craig-Hallum Alpha Select Conference on November 18, 2025, at Sheraton NY Times Square Hotel, New York, NY [1] - The company will also be present at the 17th Annual Southwest IDEAS Conference on November 19, 2025, at The Westin Irving Convention Center Las Colinas, Irving, TX [1] - Additionally, Electrovaya will participate in the 13th Annual UBS Global Industrials & Transportation Conference from December 1-4, 2025, at Eau Palm Beach Resort and Spa, Manalapan, FL [1] Company Overview - Electrovaya Inc. is recognized as a leader in the global energy transformation, focusing on the development of safe and long-lasting lithium-ion batteries [1] - The company possesses extensive intellectual property and specializes in designing, developing, and manufacturing proprietary lithium-ion batteries and battery systems [1] - Electrovaya's products are aimed at energy storage and heavy-duty electric vehicles, utilizing its Infinity Battery Technology Platform [1]

Core Viewpoint - Electrovaya Inc. is initiating an underwritten public offering of its common shares to raise capital for various strategic investments and operational needs [1][3]. Group 1: Offering Details - The offering will include a 30-day option for underwriters to purchase an additional 15% of common shares at the public offering price [1]. - The common shares will be offered in the U.S. under a previously filed shelf registration statement and will also be qualified for distribution in Canada, excluding the Province of Québec [2]. - Oppenheimer & Co. Inc. is the sole book-running manager, while Raymond James Ltd. is the lead manager for the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for investments in energy as a service, next-generation battery and separator R&D, and general corporate purposes [3]. Group 3: Regulatory and Compliance - The offering is subject to customary closing conditions, including the listing of common shares on the TSX and NASDAQ, and any required approvals [4]. - Access to the prospectus and related documents will be provided in accordance with securities legislation [5][6].

Core Viewpoint - Fingrid's half-year report for 2025 indicates a significant decline in turnover due to a mild winter, while the company continues to attract investments in data centers and energy storage, reflecting a shift in the energy landscape in Finland [3][4]. Financial Performance - Turnover for January–June 2025 was €572.1 million, down 23.4% from €746.7 million in the same period of 2024 [2]. - Operating result decreased by 7.3% to €140.0 million from €150.9 million year-on-year [2]. - Result before taxes fell by 8.8% to €134.5 million compared to €147.4 million in the previous year [2]. - Net cash flow from operations increased significantly to €261.2 million from €109.7 million, a 138.2% rise [2]. - Accumulated congestion income rose to €168.4 million, up 21.0% from €139.2 million [2]. - Interest-bearing net debt increased by 49.6% to €1,047.6 million from €700.1 million [2]. Operational Highlights - The transmission reliability rate of Fingrid's grid remained very high at 99.99999% [2][4]. - Electricity consumption in Finland was stable at 43.3 TWh, slightly up from 43.1 TWh [2][9]. - The company connected 794 MW of new renewable production to the grid, an increase from 585 MW [2][9]. - The number of connection enquiries for new electricity consumption exceeded 400 GW, with approximately 30 GW for grid energy storage [9]. Investment and Development - Fingrid's gross capital expenditure is projected to be around €1.7 billion from 2025 to 2028, with €629.8 million already committed [4]. - Key projects, including the Aurora Line and EstLink 2, are progressing on schedule, enhancing cross-border transmission capacity [7][9]. - The company raised grid service fees by 8% starting January 2025 to cover increased operational costs [4][9]. Market Dynamics - The energy transformation in Finland is accelerating, with a notable increase in interest for data centers and energy storage investments [3][4]. - The balance service's share of turnover decreased to 46% from 57% due to lower imbalance power prices [4]. - The electricity market is experiencing significant price volatility, impacting operational costs and risk management [10][17]. Regulatory and Legal Matters - Fingrid is involved in legal proceedings regarding the Energy Authority's decisions on balance service terms and profit specification for electricity transmission operations [11][12][13]. - The company is actively reviewing its investment needs as part of a 10-year grid development plan [6]. Future Outlook - The company anticipates continued growth in electricity consumption in Finland and plans to maintain its investment capacity to meet customer needs [17]. - Fingrid's debt service capacity is expected to remain stable, with no changes to its earnings guidance [17].

Financial Data and Key Metrics Changes - Consolidated net sales for Q3 FY 2025 increased by 2.7% to $53.8 million compared to $52.4 million in Q3 FY 2024, marking the third consecutive quarterly year-over-year increase in sales [11] - Non-GAAP operating profit for Q3 FY 2025 rose to $2.2 million, up from $1 million in the prior year [6][12] - Consolidated gross margin for Q3 FY 2025 was 31.0%, up from 29.5% in Q3 FY 2024, driven by margin expansion in PMT and GES [13] - Net loss for Q3 FY 2025 was $2.1 million, while non-GAAP net income was $1.6 million, compared to a net income of $0.8 million in Q3 FY 2024 [15] Business Line Data and Key Metrics Changes - Semiconductor wafer fab sales surged by 139% year-over-year, while Canvys sales increased by 39.5% [5][12] - PMT sales grew by 6.6% due to higher sales to semiconductor wafer fab customers [12] - GES sales totaled $9.3 million, a 55% increase over Q2 FY 2025 but down 19% year-over-year due to lower sales of wind turbine battery modules [23] - Canvys net sales increased by 39.5% to $9.2 million in Q3 FY 2025, driven by higher sales in North American markets [36] Market Data and Key Metrics Changes - The backlog for GES and PMT remained strong at $95 million at the end of Q3 FY 2025 [27] - Canvys' backlog at the end of Q3 FY 2025 was $36.6 million, providing a robust foundation for future business [36] Company Strategy and Development Direction - The company is focusing on core businesses, particularly Green Energy Solutions, following the sale of its Healthcare business [7][42] - The strategic transaction is expected to simplify the business and improve the financial model long-term [42] - The company aims to capitalize on policies driving manufacturing back to the US and increase the need for US content [8] - Investments will be made in business development and engineering teams to improve market reach and time to market [49] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth opportunities in semiconductor wafer fab equipment and Green Energy Solutions [53] - The current operating environment is described as fluid, with expectations of limited market growth in the US but continued sales growth through market share gains [29] - The company is well-positioned to differentiate itself in global niche markets like energy storage [48] Other Important Information - The company ended Q3 FY 2025 with no debt and $36.7 million in cash and equivalents [19] - A quarterly cash dividend of $0.06 per common share was declared, to be paid in Q4 FY 2025 [20] Q&A Session Summary Question: What should we expect in terms of sequential growth for GES? - Management expects growth in Q4 FY 2025 and FY 2026 based on backlog and inventory position [57] Question: Are there any cancellations or delays in projects? - No cancellations reported; all identified programs are moving forward [60] Question: How is the semiconductor wafer fab business performing? - Strong growth is expected to continue, with visibility from corporate and engineering teams [62] Question: How will capital allocation be handled post-Healthcare sale? - Initial investments will focus on expanding existing products and technologies [86] Question: Can you provide updates on Progress Rail and Wabtec? - Significant orders are being processed, with shipments expected in FY 2026 [94][97] Question: What are the expected losses from the Healthcare segment? - Specific loss figures are not disclosed, but efforts are being made to minimize them [104]