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Ocean Power Technologies Awarded Patent for System and Method for Vehicle Charging
Globenewswire· 2025-06-26 12:15
Core Insights - Ocean Power Technologies, Inc. (OPT) has received a Notice of Allowance for its U.S. patent application titled "System and Method for Vehicle Charging," which protects an autonomous, floating marine charging solution [1] - The patent addresses the need for clean maritime operations by enabling electric vessels to recharge while at sea, thus eliminating reliance on port infrastructure [2][3] Company Innovations - The new technology allows WAM-V® autonomous surface vehicles to conduct long-duration missions with reduced downtime and no need for shore return, enhancing operational efficiency [2][3] - The floating charging station will integrate with the PowerBuoy® platform, serving as both a power generation node and a recharging hub [2] Patent Features - The patent includes features such as signal-emitting guidance systems for dynamic maritime docking, flexible mooring structures, wired and wireless energy delivery mechanisms, and options for wave-powered self-sustaining energy generation [6] Strategic Vision - The patent exemplifies OPT's commitment to leading in offshore autonomy and building intelligent, resilient ocean infrastructure, which is crucial for defense, commercial, and scientific applications [3]
Winnebago Industries Reports Third Quarter Fiscal 2025 Results
GlobeNewswire News Room· 2025-06-25 11:00
Core Insights - Winnebago Industries reported a net revenue of $775.1 million for Q3 FY 2025, a decrease of 1.4% from $786.0 million in the same quarter last year, primarily due to a reduction in average selling price per unit and volume reductions in the Motorhome RV segment [5][8][9] - The company is focusing on affordability in its Towable RV segment by introducing competitively priced products, while the Marine segment has seen strong profitability growth driven by retail share gains [4][12] - Winnebago updated its fiscal 2025 full-year outlook, projecting net revenues between $2.7 billion and $2.8 billion, with reported earnings per diluted share expected to be between $0.50 and $1.00 [22][18] Financial Performance - Gross profit for Q3 FY 2025 was $106.0 million, down 10.3% from $118.2 million in the prior year, with a gross profit margin of 13.7% [6][8] - Selling, general and administrative expenses increased by 1.9% to $70.3 million, primarily due to investments in the new Grand Design motorhome business [7] - Net income for the quarter was $17.6 million, compared to $29.0 million in the same quarter last year, resulting in earnings per diluted share of $0.62, down from $0.96 [8][9] Segment Performance - In the Towable RV segment, net revenues decreased by 3.8% to $371.7 million, with an adjusted EBITDA margin of 9.5%, down from 10.9% [10][13] - The Motorhome RV segment saw a 2.6% decline in net revenues to $291.2 million, with adjusted EBITDA dropping 77.7% to $3.0 million [11][14] - The Marine segment experienced a 14.6% increase in net revenues to $100.7 million, with adjusted EBITDA rising 37.0% to $11.6 million [12][42] Balance Sheet and Cash Flow - As of May 31, 2025, the company had cash and cash equivalents of $10.5 million and total outstanding debt of $539.9 million [16] - Cash flow used in operations was $25.3 million for the third quarter [16] - The company declared a quarterly cash dividend of $0.34 per share, payable on June 25, 2025 [17] Outlook - Winnebago's management expressed confidence in the long-term potential of its brands and markets, despite near-term macroeconomic challenges [18] - A comprehensive margin recapture plan is being launched for the Winnebago motorhomes segment, focusing on product line refreshment and operational efficiency [18]
TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioenergy Collaboration
Globenewswire· 2025-06-18 10:00
Core Insights - TMD Energy Limited (TMDEL) has entered into a Memorandum of Agreement (MOA) with Double Corporate Sdn Bhd to explore strategic collaboration in the bioenergy sector for the EU and Asia markets [1][2] - This partnership aims to expand TMDEL's presence in sustainable and alternative fuel energy sectors, focusing on bioenergy sustainable fuel solutions [2][4] - Double Corporate specializes in waste-based bioenergy, converting waste into sustainable fuels and lubricants using ISCC-EU-approved technology, with expertise in sustainable aviation fuel (SAF) and sustainable marine fuel (SMF) [3][5] Agreement Details - The MOA establishes a one-year exclusivity period for negotiations, which can be extended by mutual consent, with both parties prioritizing the finalization of definitive agreements within this window [4] - The collaboration aligns with TMDEL's vision for sustainable business and fuel innovation, emphasizing a circular-economy approach [4] Company Profiles - TMD Energy Limited operates in marine fuel bunkering services, supplying various types of marine fuel oil and providing ship management and chartering services, with operations in 19 ports across Malaysia and a fleet of 15 bunkering vessels [6] - Double Corporate is a certified Malaysian bioenergy leader focused on converting waste into sustainable fuels, with a high-yield refining process that minimizes waste and energy consumption [5]
MIND Technology / GWL Collaboration Agreement
Prnewswire· 2025-06-17 11:00
THE WOODLANDS, Texas, June 17, 2025 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has entered into a collaboration agreement with GWL Overseas Ltd. ("GWL") for the further development, promotion and production of GWL's Floatseis data acquisition system.Mark Welker, Vice President of MIND and Seamap Managing Director, stated, "We believe Floatseis is a novel autonomous marine data acquisition system. We are excited to be working with GWL t ...
a Octopus (CODA) - 2025 Q2 - Earnings Call Transcript
2025-06-16 15:02
Coda Octopus Group (CODA) Q2 2025 Earnings Call June 16, 2025 10:00 AM ET Company Participants Geoff Turner - Investor RelationsAnnmarie Gayle - Chairman & CEOBlair Cunningham - President - Technology & Divisional CEO of Coda Octopus Products IncGayle Jardine - Interim CFOBrian Kinstlinger - MD, Director of Research & Head of Technology ResearchJohn Deysher - Portifolio Manager Operator Good morning, and welcome to Coda Octopus Group's Second Quarter Fiscal twenty twenty five Earnings Conference Call. My na ...
a Octopus (CODA) - 2025 Q2 - Earnings Call Transcript
2025-06-16 15:00
Financial Data and Key Metrics Changes - In Q2 2025, total revenue increased by 31.8% to $7 million from $5.3 million in Q2 2024 [36] - Operating income decreased by 19.5% to $1.1 million compared to $1.4 million in Q2 2024 [40] - Gross profit increased to $4.5 million, but gross margin decreased to 64.1% from 70.2% in the prior year [37][41] - Net income after tax was $900,000 or $0.08 per diluted share, down from $1.4 million or $0.13 per diluted share in Q2 2024 [41] Business Line Data and Key Metrics Changes - The marine technology business generated $3.9 million in revenue, a 10% increase from $3.5 million in Q2 2024 [36] - The marine engineering business saw a revenue increase of 2.3% to $1.84 million [36] - The newly acquired Precision Acoustics Limited contributed 18.5% to consolidated revenue and 13.4% to operating income [17][36] Market Data and Key Metrics Changes - Hardware sales to Asia rose by approximately 105%, reaching $2.2 million compared to $1.1 million in Q2 2024 [14] - The marine technology business accounted for 55.3% of total consolidated revenue in Q2 2025 [6] Company Strategy and Development Direction - The company is focusing on increasing market share in underwater imaging sensors, particularly in the defense sector [9] - The launch of the NanoGen series is aimed at addressing smaller underwater vehicles and enhancing market opportunities [11][24] - The company is pursuing a multi-year, multi-sales model for its marine technology business [47] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging global policy environment but expressed optimism about increasing inquiries and rental utilization [5][15] - The company is focused on executing its growth strategy and adapting to changes in the defense market [46] Other Important Information - The company is under contract for five development programs related to the DAVID system, which integrates with existing diving equipment [55][58] - The company has paused its M&A strategy until the global policy environment stabilizes [47] Q&A Session Summary Question: What led to the stronger than expected second quarter demand from Marine Products? - Management noted strong inquiries around Echoscope technology, particularly from Asia, and a pickup in DAVID program sales [50] Question: What is the expected timing for the new NanoGen release? - The NanoGen series is on the cusp of release, with trials expected to conclude by the end of June [52] Question: Can you provide a range of sizes for the development programs? - The five programs primarily focus on integrating the DAVID system with existing underwater breathing apparatus equipment [55] Question: What progress is CODA making in securing design wins for next-generation underwater vehicles? - Management indicated ongoing evaluations and integration of Echoscope technology into various defense programs [60] Question: Should gross margin percentages be modeled for the back half of the year? - Management expects gross margins to improve in the second half of the year, returning to typical levels [70] Question: What revenue contribution might the delivery of 16 DAVID untethered systems generate? - The expected revenue from delivering 16 units is around $800,000 [78]
为成果转化“把脉开方” 上交会打造技术贸易新引擎
Zheng Quan Shi Bao Wang· 2025-06-12 09:21
成果简介、技术状态、期待合作方式……在第十一届中国(上海)国际技术进出口交易会(以下简称"上交 会")技术转移专区,一个个待转化的技术成果颇为吸睛。证券时报记者6月12日在现场看到,技术转移 转化"门诊"正在为成果转化难点"把脉开方"。 上交会技术转移专区面积达532平方米,主要分为孵化器、技术转移服务、新技术应用等3个板块,线上 线下(300959)展示约3000项成果和500项创新需求,集聚超60家服务机构、孵化器、创新型企业。 其中,在技术转移服务板块,国家技术转移东部中心(以下简称"东部中心")、上海技术交易所、探九技 术转移、国科新研等14家技术转移专业服务机构参展,现场开展技术供需对接、成果转化、技术交易等 全周期转化服务。 在南京大学展台,翩翩起舞的桌宠机器人meteer吸引了观众的目光。展台工作人员向证券时报记者介 绍,meteer机器人具有语音对话、跳舞、讲故事、表情互动等功能,今年2月份已经量产,目前在北美 地区开始销售了,营业额约在100万元,"我们的目标是明后年销售额突破两到三千万元"。 上航局上海交建公司长达116.6米的海底特种兵——"交通建设九号",为目前全球最大的智能铺排船, ...
GOGL – 2024 Environmental, Social and Governance (ESG) Report
Globenewswire· 2025-06-11 14:23
Golden Ocean Group Ltd (OSE/NYSE: GOGL) today released its seventh annual ESG Report. The 2024 report is prepared in accordance with the Marine Transportation framework established by the Sustainability Accounting Standards Board (SASB) and with reference to the Global reporting Initiative (GRI) Standards. The report covers ESG performance in our operations and value chain, along with how we manage material sustainability matters for the fiscal year 2024. Peder Simonsen, CEO, comments: “We continue to deliv ...
MIND Technology(MIND) - 2026 Q1 - Earnings Call Transcript
2025-06-11 14:02
MIND Technology (MIND) Q1 2026 Earnings Call June 11, 2025 09:00 AM ET Company Participants Zach Vaughan - Vice PresidentRobert P. Capps - President & CEOMark Cox - Vice President & CFORoss Taylor - Partner and Portfolio Manager Conference Call Participants Tyson Bauer - Senior AnalystNone - Analyst Operator Greetings. Welcome to MIND Technologies First Quarter Fiscal twenty twenty six Earnings Conference Call. At this time, participants are in a listen only mode. A question and answer session will follow t ...
MIND Technology(MIND) - 2026 Q1 - Earnings Call Transcript
2025-06-11 14:00
MIND Technology (MIND) Q1 2026 Earnings Call June 11, 2025 09:00 AM ET Speaker0 Greetings. Welcome to MIND Technologies First Quarter Fiscal twenty twenty six Earnings Conference Call. At this time, participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Zach Vaughan. Thank you, sir. You may begin. Speaker1 Thank you, operator. Good morning, welcome to the MIND T ...