VinGroup Corporation announced that it has established a new subsidiary, VinMetal Joint Stock Company for Manufacturing and Trading, focused on producing steel mainly for the construction, transportation infrastructure, and automotive sectors. The Vietnamese conglomerate, which owns the country’s largest vehicle manufacturer, VinFast Auto, confirmed that the new company was launched with an initial investment of VND 10 trillion (US$ 380 million). VinMetal plans to build a high-tech steel production comple ...

Visionstate Portfolio Company Sol Spaces Accelerates Growth with Climate-Resilient Greenhouse Technology and Expands into Housing OpportunitiesBuilding on a record year, Sol Spaces is expanding into backyard studios that can evolve into full-service rental dwellings, opening new avenues for market expansionSeptember 23, 2025 9:00 AM EDT | Source: Visionstate Corp.Edmonton, Alberta--(Newsfile Corp. - September 23, 2025) - Visionstate Corp. (TSXV: VIS) ("Visionstate" or the "Company") is pleased ...

Core Insights - Shimmick Corporation has secured approximately $78 million in new contracts for two significant infrastructure projects, the Santa Monica Pier Bridge Replacement and the Renton Transit Center, showcasing its expertise and growth on the West Coast [1][2]. Project Summaries - The Santa Monica Pier Bridge Replacement Project is valued at $29.6 million and involves replacing the 85-year-old Colorado Avenue Bridge, which is the sole access point to the Santa Monica Pier. The project includes constructing a new bridge, demolishing the old one, enhancing pedestrian access, and restoring the historic Santa Monica Pier Arched Neon Sign. The work is set to begin in Q4 2025 and is expected to be completed before the 2028 Los Angeles Summer Olympics [3]. - The Renton Transit Center Project, valued at $48.2 million, focuses on constructing a modern transit center in Renton, Washington. This project will feature a new bus bay island with eight active bays, a Battery Electric Bus (BEB) equipment yard, and roadway improvements to establish a dedicated bus-only lane. This initiative aims to enhance commuter mobility, reduce congestion, and support long-term sustainability goals for Sound Transit [4]. Company Overview - Shimmick Corporation is a leader in providing turnkey infrastructure solutions across various sectors, including water, energy, climate resiliency, and sustainable transportation. The company combines technical excellence with collaborative project delivery to offer innovative, technology-driven solutions that foster economic growth and empower communities [5].

加州尔湾, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Tellus Power Globe Holding Limited（“Tellus Power”或“公司”）上周荣幸地在其香港办事处接待了阿联酋能源与基础设施部副部长 Sharif Al Olama 工程师阁下。 此次高层访问展现了阿联酋的前瞻性愿景及其致力于强化国际合作的坚定决心，这些合作将促进能源效率、清洁交通与可持续基础设施的共同发展。 在访问期间，Al Olama 工程师阁下参观了 Tellus Power 的研发设施，并详细了解了该公司在电动汽车 (EV) 充电领域的最新创新成果，其中包括先进的车辆对电网 (V2G) 和车联万物 (V2X) 技术。 此次访问还突出了 Tellus Power Globe Holding Limited、BinHendi Holding 和 Sing Family Enterprise Group 在阿联酋成立的合资企业所取得的进展，该合资企业旨在打造中东地区首批电动汽车充电设备制造工厂之一。 此项投资彰显了阿联酋致力于成为全球先进能源和基础设施技术枢纽的愿景，同时也有助于促进当地工业 ...

Earnings Presentation First Quarter 2025 May 2025 Delivering Sustainable Infrastructure Solutions Disclaimer This presentation is being delivered on behalf of Shimmick Corporation (the "Company"). The sole purpose of this presentation is to provide information in connection with a review of the Company's operations and/or financial status. This presentation does not purport to be all-inclusive or to contain all of the information that prospective investors may desire in reviewing the Company. Other than sta ...

Core Insights - Wang & Lee Group, Inc. has successfully installed Hong Kong's first smart flooring system that converts kinetic energy from footsteps into usable electricity, marking a significant advancement in sustainable urban infrastructure [1][2][3] - The project, developed in collaboration with City University of Hong Kong, utilizes piezoelectric and electromagnetic technologies to harness energy from pedestrian movement, which is stored in batteries for low-voltage applications [2][3] - The CEO of Wang & Lee Group emphasized the project's alignment with global climate change efforts and the potential for redefining urban sustainability through smart city technologies [3] Company Initiatives - The smart flooring system has been installed in a high-traffic area at the Hang Seng Bank Headquarters in Central, Hong Kong, showcasing the practical application of innovative energy solutions [2] - Wang & Lee Group plans to expand the deployment of similar systems in various public spaces and commercial complexes across Hong Kong, indicating a strategic growth direction [4] - The company is also focusing on R&D for complementary technologies, such as solar-integrated pavements and AI-driven energy management systems, to create comprehensive renewable energy ecosystems [4][5] Strategic Partnerships - The initiative is a result of a strategic partnership between Wang & Lee Group and CityU's School of Energy and Environment, combining engineering expertise with research capabilities to overcome technical challenges [3] - The company is actively seeking partnerships and pilot projects globally to enhance sustainable infrastructure solutions [5]

Financial Data and Key Metrics Changes - For Q4 2024, the company reported revenues of $104 million, down from $138 million in the prior year period [29] - The adjusted EBITDA for Q4 2024 was negative $27 million, compared to negative $9 million in the prior year [33] - The net loss for Q4 2024 was $38 million, compared to a net loss of $17 million for the prior year [32] Business Line Data and Key Metrics Changes - Revenue from Schimmick projects was $80 million in Q4 2024, down from $85 million a year ago, primarily due to lower activity on existing jobs [29] - Gross margin on Schimmick projects decreased to $2 million from $9 million a year ago, attributed to a $15 million increase in cost of revenue [30] - Legacy project revenue was $18 million for Q4 2024, a decline of $28 million compared to the previous year, with a negative gross margin of $12 million [30] Market Data and Key Metrics Changes - The backlog at the end of Q4 2024 was $822 million, with Schimmick projects representing 87% of the backlog, up from 85% a quarter ago [33] - The addressable market for the company is estimated at approximately $106 billion per year within the non-residential U.S. construction market, which is valued at over $1 trillion [18] Company Strategy and Development Direction - The company’s strategy is built around three pillars: sustainable backlog, operational excellence, and people and culture [6] - The focus will expand on delivering sustainable infrastructure solutions across four key markets: water resources, climate resilience, energy transition, and technology and sustainable transportation [10][17] - The company aims to increase its backlog as a percentage of revenues while reducing risk through geographic diversification and alternative project delivery methods [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting strong liquidity and a backlog largely free of past challenges [35] - The company anticipates a significant opportunity for growth in the infrastructure construction business over the next five years [35] - Management noted that while there are challenges in the market, they expect to maintain a strong position due to their capabilities and client relationships [60] Other Important Information - The company has made significant improvements in SG&A costs, now trending towards industry benchmarks [6] - The company is focused on enhancing its electrical division, aiming for it to contribute over 30% of revenues by 2027, up from 15% [22] Q&A Session Summary Question: Can you bridge the gap between the fourth quarter results and the guidance provided? - Management indicated that the backlog consists of profitable work and ongoing discussions with clients could enhance margins in 2025 [42] Question: Have any changes been instituted to drive improvement with existing work? - Management noted opportunities for risk management improvements and early issue identification to enhance bottom-line performance [44] Question: What is the expected cadence of gross margin throughout the year? - Management confirmed that gross margins are expected to trend upward, with the third quarter typically being the strongest [46] Question: How is the company addressing federal budget issues and local market conditions? - Management reported no current impact from federal budget issues and expressed confidence in the funding for their projects [56][58] Question: What is the outlook for free cash flow based on the guidance? - Management stated that they are in a strong liquidity position and have implemented stringent controls to monitor cash flow effectively [63]