Facility Management

Search documents
HSF ANNOUNCES NEW PARTNERSHIP WITH ABM INDUSTRIES
GlobeNewswire News Room· 2025-07-16 19:19
Partnership Renewal - HSF has renewed its partnership with ABM Industries, with ABM committing an annual support of $50,000 [1][2] - This investment highlights ABM's dedication to education and workforce development, aligning with HSF's mission to provide resources for higher education [2][3] Impact on HSF Programs - ABM's contributions will enhance HSF's support services, including leadership development, career guidance, and community engagement, which are crucial for student success [2][3] - The partnership allows HSF to expand its reach and impact, ensuring students nationwide receive necessary guidance and tools for academic and professional success [3] About HSF - HSF, founded in 1975, focuses on empowering students and parents with resources for higher education, having awarded over $756 million in scholarships [4] - The organization aims to prioritize college education for families and provides a range of support services for students and alumni [4] About ABM - ABM is a leading provider of integrated facility, engineering, and infrastructure solutions, with over $8 billion in annual revenue and a workforce of over 100,000 [5] - The company serves various sectors, including commercial real estate and aviation, and is committed to creating smarter, more connected spaces [5]
HUHUTECH International Group Inc. to Participate in the ORY APAC-US Conference 2025 in Singapore
Globenewswire· 2025-07-07 12:30
Core Points - HUHUTECH International Group Inc. will participate in the ORY APAC-US Conference 2025 on July 9, 2025, in Singapore, where the Chairperson will present the company's vision and plans to investors and industry leaders [1] - The ORY APAC-US Conference 2025 aims to foster growth in the APAC region by facilitating discussions and idea-sharing among financial market professionals and companies [3] Company Overview - HUHUTECH is a provider of factory facility management and monitoring systems, with subsidiaries in China, Japan, the United States, and Germany [4] - The company specializes in high-purity gas and chemical production systems, offering products like high-purity process systems (HPS) and factory management control systems (FMCS) that enhance operational efficiency [4] - HUHUTECH serves major players in the pan-semiconductor industry, with its products utilized by semiconductor manufacturers, LED and micro-electronics factories, as well as pharmaceutical and food and beverage manufacturers [4]
YY Group Holding Limited Strengthens IFM Division with Acquisition of Pesticide Pest Control Pte. Ltd.
Globenewswire· 2025-07-01 11:00
Singapore , July 01, 2025 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) (“YY Group,” “YYGH,” or the “Company”), a global leader in on-demand workforce solutions and integrated facility management (IFM), is pleased to announce its acquisition of Pesticide Pest Control Pte. Ltd., a Singapore-based pest control company with over 30 years of operational history. The company will be rebranded as Pest Fighter Management Pte. Ltd., marking the beginning of its next growth phase under YY Group’s integ ...
ABM Selected to Provide Parking and Shuttle Transportation at Orlando International Airport
Globenewswire· 2025-06-11 12:00
ORLANDO, Fla., June 11, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility, engineering, and infrastructure solutions, has been awarded a new contract by the Greater Orlando Aviation Authority (GOAA) to provide parking and employee shuttle services at Orlando International Airport (MCO). With this 10-year agreement valued at approximately $300 million, ABM is now the trusted partner delivering both parking and shuttle transportation services at MCO, one of the busiest and fastest-growi ...
YY Group Expands Integrated Facility Management Portfolio with 24IFM Acquisition, Projects S$17.04 Million in Revenue from Singapore's Multi-Billion Dollar Market
Globenewswire· 2025-06-11 11:00
Core Insights - YY Group Holding Limited has acquired the Managing Facilities Applications, rebranding it as 24IFM, to strategically expand into the property and facility management sector, diversifying service offerings and creating new revenue streams through application subscriptions [1][3] Company Overview - YY Group is a technology-enabled platform headquartered in Singapore, providing flexible workforce solutions and integrated facility management (IFM) services across Asia and beyond, operating in sectors such as hospitality, logistics, retail, and healthcare [13][14] Product Features - 24IFM is designed to streamline property and facility management for managing agents and homeowners, offering features such as facility booking, property insights, service marketplaces, and automated invoicing with online payments, enhancing user convenience [2][12] Market Potential - The integrated facility management market in Singapore is projected to grow from US$3.65 billion in 2025 to US$4.25 billion by 2030, with a compound annual growth rate (CAGR) of 3.1%, indicating a strong demand for digital transformation in property management [8] - 24IFM is expected to generate approximately US$13.24 million in revenue by 2029, highlighting its market potential and strategic importance for YY Group [9] Strategic Vision - The acquisition of 24IFM aligns with YY Group's long-term goal of delivering value-added services and tapping into new revenue opportunities, enhancing the company's IFM capabilities [3][4] Future Development - YY Group's Operations and IT teams are working on a roadmap for further app development to ensure a seamless transition for users and maintain a competitive edge through continuous enhancement of the platform's functionality and user experience [10]
Reduction of share capital
Globenewswire· 2025-05-12 06:29
Company Announcement Copenhagen, 12 May 2025 No. 31/2025 Reduction of share capital ISS A/S (the “Company”), a leading workplace experience and facility management company, today announces that the capital decrease in connection with cancellation of own shares has been completed. Reference is made to the company announcement of 11 April 2025 regarding the annual general meeting’s approval of the decision to decrease the share capital with nominally DKK 11,468,226 from nominally DKK 185,668,226 to nominally ...
HUHUTECH International Group Inc. Announces Fiscal Year 2024 Financial Results
Prnewswire· 2025-04-29 12:10
Core Viewpoint - HUHUTECH International Group Inc. reported a year of expansion in fiscal year 2024, achieving significant revenue growth and strategic milestones, particularly in the Japanese market, while also facing a net loss due to increased operating expenses and investments in growth initiatives [2][3]. Financial Performance - Total revenue for fiscal year 2024 was $18.1 million, an increase of 8.5% from $16.7 million in fiscal year 2023, driven by growth in product sales and system integration projects [5][7]. - Gross profit rose 21.1% to $6.6 million, with gross margin improving to 36.1% from 32.3% in the previous year [7][9]. - Net loss for fiscal year 2024 was $1.9 million, compared to net income of $2.3 million in fiscal year 2023, with basic and diluted loss per share at $0.1 [11][12]. Revenue Breakdown - Revenue from system integration projects was $16.6 million, a 2.0% increase from $16.3 million in fiscal year 2023, attributed to expansion in the Japanese market [8]. - Revenue from engineering consulting services increased by 76.3% to $0.4 million, while revenue from product sales surged 340.3% to $1.2 million [8]. Operating Expenses - Total operating expenses increased by 149.6% to $8.1 million, primarily due to the operations of HUHU Japan [10][18]. - Selling expenses rose 137.2% to $2.1 million, general and administrative expenses increased by 205.0% to $3.2 million, and research and development expenses grew by 114.7% to $2.9 million [18]. Cash Flow and Financial Condition - As of December 31, 2024, the company had cash of $3.1 million, up from $2.7 million in the previous year, with net cash used in operating activities at $3.0 million [13]. - Net cash provided by financing activities was $7.5 million, compared to net cash used in financing activities of $0.6 million in fiscal year 2023 [14]. Recent Developments - The company completed its initial public offering on October 23, 2024, raising gross proceeds of $4.69 million, enhancing its position for future growth and innovation [15].