LOS ANGELES, CALIFORNIA, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" “Omni-Lite”; TSXV: OML) today is pleased to announce that its subsidiary, Designed Precision Castings (DP Cast), has signed a new five-year agreement with a major global jet engine original equipment manufacturer (OEM) to supply precision castings for use on multiple fixed and rotary wing aircraft engine platforms. This agreement is an extension of several previous agreements with one of our long-stan ...

Core Insights - Chaince Digital Holdings Inc. has entered a non-binding Strategic Cooperation Framework Agreement with ZJK Industrial Co., Ltd. to establish a precision components R&D and manufacturing gigafactory in the U.S. aimed at serving the AI and semiconductor industries [1][2] Investment and Financial Commitment - The companies plan to invest up to $200 million through various projects, utilizing both self-owned capital and external fundraising to strengthen the U.S. high-end manufacturing ecosystem [2] Gigafactory Focus and Operations - The gigafactory will concentrate on high-value, non-restricted precision components across multiple technology categories, excluding restricted semiconductor segments like wafer fabrication and chip design [3] - A Delaware joint venture will be formed to operate the gigafactory, overseeing all operations from R&D to full-scale production [5] Competitive Advantages and Management - The collaboration aims to enhance the made-in-America vision by combining ZJK's manufacturing expertise with Chaince Digital's strengths in capital markets and digital technologies [6] - The joint venture will feature a U.S.-based management team with executives from leading American companies, targeting key industries such as AI hardware and electric vehicles [6] Product Focus - The gigafactory will produce components for AI end-devices, semiconductor equipment, liquid-cooling systems, new energy vehicles, smart wearables, and other consumer electronics [7] Strategic Advisory Role - Chaince Securities has been appointed as ZJK's capital markets strategic advisor for five years, focusing on capital markets strategy and financing needs [4][8] Leadership Statements - ZJK's CEO emphasized that the partnership will enhance their manufacturing footprint in the U.S. and support the Made in America initiative [9] - Chaince Digital's Chief Strategy Officer expressed commitment to leveraging their strengths to support the gigafactory's development [9]

Summary of Lingyi (002600.SZ) Management Call Company Overview - **Company**: Lingyi (002600.SZ) - **Industry**: Technology, specifically focusing on precision functional and structural components for AI/AR glasses, foldable phones, and AI server components Key Points 1. AI/AR Glasses Outlook - Management anticipates strong growth in the AI/AR glasses market due to: - Lightweight design attracting a broader user base - AI/AR glasses serving as edge devices enhanced by AI applications - Accelerated launches of new models with upgraded specifications - Lingyi is a supplier of structural parts to leading global AI/AR glasses brands and is expanding its product offerings to increase dollar content - Revenue from AI/AR glasses is projected to grow from 11% in 2025 to 17% in 2027, supported by technical advantages and partnerships with major brands in China and the US [2][2][2] 2. Foldable Phone Components - Management expects the trend of foldable phones to increase dollar content for Lingyi, including: - Precision structural parts, hinges, and vapor chamber modules - Lingyi's experience in stamping, MIM, and CNC is noted as beneficial for producing high-quality hinges - The company is diversifying its vapor chamber module offerings across different materials and aims to penetrate more brand clients by 2026 [3][3][3] 3. AI Server Components Expansion - Lingyi is expanding into AI server components, including: - Power supply, liquid cooling, and air cooling components - The company has begun delivering GPU cooling modules for servers and aims to collaborate with more CSP clients in upcoming AI server launches - Specification upgrades in AI server components are expected to drive dollar content and growth opportunities for Lingyi [8][8][8] 4. Financial Projections and Valuation - Target price set at Rmb22.6 with a target P/E multiple of 38.8x based on 2026E EPS growth - Revenue projections for the next few years: - 2025: Rmb44.21 billion - 2026: Rmb52.78 billion - 2027: Rmb70.25 billion - Key risks include slower-than-expected penetration of foldable phones and AI terminals, potential competition, and a weak macroeconomic environment [9][10][10] 5. Market Position and Strategy - Lingyi is positioned as a leader in precision functional and structural components, leveraging deep partnerships with brand clients to drive growth - The company is diversifying its offerings to capitalize on accelerated industry growth in AI devices, foldable phones, and robotics [1][1][1] Additional Insights - Lingyi's established partnerships and technical capabilities are critical to its growth strategy in emerging technology markets - The management's positive outlook on AI/AR glasses and foldable phones indicates a strong belief in the company's ability to adapt and thrive in a competitive landscape [2][3][8]

Core Insights - Omni-Lite Industries Canada Inc. reported a revenue of approximately US$4.0 million for Q3 fiscal 2025, marking a 7.0% increase year-over-year and a 16.8% increase quarter-over-quarter [3][8] - The adjusted EBITDA for the same period was approximately US$325,000, up from US$187,000 in Q3 fiscal 2024, driven by increased revenue and improved margins [4][9] - The company achieved bookings of US$5.5 million in Q3 2025, resulting in a historical backlog of US$7.1 million, with a book-to-bill ratio of 1.36 [5][8] Financial Performance - Revenue for Q3 2025 was US$4,041,000 compared to US$3,778,000 in Q3 2024, and year-to-date revenue reached US$10,807,000, down from US$12,385,000 in the previous year [9] - Adjusted EBITDA for the nine months ended September 30, 2025, was approximately US$828,000, compared to US$1,623,000 for the same period in 2024 [9] - Free cash flow for Q3 2025 was approximately US$116,000, with a year-to-date free cash flow of US$627,000, down from US$1,596,000 in the previous year [9] Management Commentary - The CEO expressed satisfaction with exceeding the US$4.0 million revenue mark and achieving strong bookings, particularly in the fastener and electronics sectors, while anticipating improved pricing from a renegotiated contract for jet engine components [6][8] - The company expects increased activity from its newly acquired eComp business and anticipates growth driven by electronic system modernization programs and Defense Logistics Agency requirements [6]

Core Insights - Omni-Lite Industries Canada Inc. reported a revenue of approximately US$4.0 million for Q3 fiscal 2025, marking a 7.0% increase year-over-year and a 16.8% increase compared to the previous quarter [3][8] - The adjusted EBITDA for the same period was approximately US$325,000, up from US$187,000 in Q3 fiscal 2024, driven by increased revenue and improved margins [4][9] - The company achieved bookings of US$5.5 million in Q3 2025, resulting in a historical backlog of US$7.1 million, with a book-to-bill ratio of 1.36 [5][8] Financial Performance - Revenue for Q3 2025 was US$4.0 million, compared to US$3.8 million in Q3 2024 and US$10.8 million for the nine months ending September 30, 2025 [9] - Adjusted EBITDA for Q3 2025 was approximately US$325,000, compared to US$187,000 in Q3 2024, and for the nine months, it was approximately US$828,000 [9] - Free Cash Flow for Q3 2025 was approximately US$116,000, with a total cash balance of US$3.0 million, an increase of approximately US$416,000 from the previous year [5][9] Management Commentary - The CEO expressed satisfaction with exceeding the US$4.0 million revenue mark and achieving strong bookings, particularly in the fastener and electronics sectors [6] - The company anticipates benefits from a new long-term pricing agreement for jet engine components, which is expected to enhance future revenue [6] - There is an expectation for increased activity from the newly acquired eComp business, driven by electronic system modernization programs and Defense Logistics Agency requirements [6]

Core Insights - NN, Inc. reported a decrease in net sales of 8.5% to $103.9 million for Q3 2025, primarily due to the rationalization of the underperforming Mobile Solutions business and lower volumes [4][6][12] - The company achieved improvements in gross margin, adjusted EBITDA, and free cash flow, indicating progress in its transformation plan [3][4][8] - NN is actively pursuing strategic value creation through M&A and refinancing initiatives, while also addressing operational inefficiencies [3][5][22] Financial Performance - Net sales decreased from $113.6 million in Q3 2024 to $103.9 million in Q3 2025, with Power Solutions segment sales growing by 4.7% and Mobile Solutions declining by 16.4% [4][6][12] - Gross margin improved to $17.5 million (16.8% of sales) and adjusted gross margin to $19.6 million (18.8% of sales), up from $16.5 million (14.5%) and $18.6 million (16.3%) respectively [4][8] - Adjusted EBITDA increased to $12.4 million with an 11.9% margin, compared to $11.6 million and a 10.2% margin in Q3 2024 [8][36] Strategic Initiatives - The company is nearing completion of the rationalization of its unprofitable Mobile Solutions business, with one plant consolidation remaining [3][5] - NN is launching approximately $48 million in new programs in 2025, which are expected to contribute to top-line growth [3][5] - The company is expanding its Electrical, Medical, and Defense commercial teams to enhance its market position [5][22] Cash Flow and Working Capital - Free cash flow improved significantly to $9.1 million in Q3 2025, compared to $0.3 million in Q3 2024, reflecting better working capital management [4][9][41] - The company has seen a step change in working capital, strengthening its cash flow performance [5][9] Market Outlook - NN anticipates an improving outlook for core markets in 2026, which is expected to support net sales growth and profitability [16][22] - The company is adjusting its full-year 2025 guidance for net sales while maintaining existing ranges for adjusted EBITDA and free cash flow [14][22]

Core Insights - NN, Inc. has appointed Mohamad Farhat as the new Chief Technical Officer for its electrical, defense, and medical businesses, aiming to enhance innovation and customer solutions [1][2][3] Company Overview - NN, Inc. is a global diversified industrial company that specializes in engineering and manufacturing high-precision components and assemblies for various markets [4] Leadership and Strategy - The appointment of Mr. Farhat is part of NN's strategy to strengthen its technical capabilities and innovation focus, particularly in the electrical, defense, and medical sectors [2][3] - Tim French, COO, emphasized the importance of technology leadership in solving customer problems and expanding into new markets [3] Market Focus - NN has a distinct focus on electrical, defense, and medical products, with recent promotions within the company to enhance its Mobile Solutions segment, which targets automotive and industrial markets [2][3] Background of New CTO - Mohamad Farhat brings extensive experience in engineering leadership, having previously served as Vice President of Engineering for Commercial Vehicle Group, Inc., and held roles at Sumitomo, Rigaku, and Flex [3]

Summary of Lingyi (002600.SZ) Conference Call Company Overview - **Company**: Lingyi (002600.SZ) - **Industry**: Precision functional and structural components supplier, focusing on AI devices, foldable phones, robotics, and AR glasses components Key Points Financial Performance and Projections - **2Q25 Net Income Guidance**: Expected between Rmb335 million and Rmb575 million, representing a year-over-year growth of 48% to 154% driven by increased utilization of production sites for AI devices and improved profitability of overseas factories [1] - **Revenue Growth**: Anticipated revenue growth of 30% year-over-year in 2Q25, with new business revenues from AI devices projected to contribute 18% in 2025, increasing to 23% and 28% in 2026 and 2027 respectively [1][2] - **Earnings Revision**: Earnings for 2025-2027 revised up by 1% due to higher revenues from smartphone components, particularly foldable phone components [3] Revenue and Profitability Metrics - **Revenue Estimates**: - 2025E: Rmb55,527 million (up 0.3% from previous estimate) - 2026E: Rmb66,788 million (up 0.5%) - 2027E: Rmb80,325 million (up 0.4%) [4] - **Gross Profit (GP)**: Expected to increase to Rmb9,398 million in 2025E, with a gross margin of 16.9% [4] - **Net Income**: Projected net income of Rmb2,658 million in 2025E, with a net margin of 4.8% [4] Robotics Ecosystem Expansion - **Partnerships**: Collaboration with Joyton on smart cleaning and surveillance robots, enhancing manufacturing capabilities and reducing BOM costs [2] - **Market Position**: Lingyi serves leading global brands, showcasing its large-scale production capabilities and global service reach [2] Valuation and Price Target - **Target Price**: Increased to Rmb13.0, based on a target P/E multiple of 23.8x 2026E EPS, reflecting a positive correlation with peers' P/E and EPS growth [7] - **Current Trading**: Lingyi is currently trading at 21x 2026E P/E, considered attractive [7] Risks - **Market Risks**: Potential slower adoption of foldable phones and AI terminals, increased competition from suppliers, and a weak macroeconomic environment could impact demand [12] Additional Insights - **Production Sites**: Diversified production locations include India, Vietnam, Brazil, Turkey, Finland, and the US, contributing to operational flexibility and cost efficiency [1] - **Future Growth**: The company is well-positioned to capitalize on the ramp-up of AI devices, with expectations of significant revenue contributions from this segment in the coming years [1][2] This summary encapsulates the essential insights from the conference call regarding Lingyi's financial outlook, strategic initiatives, and market positioning.

Core Viewpoint - NN, Inc. reported a solid second quarter for 2025, maintaining its full-year guidance despite challenges in the automotive sector and a decrease in net sales [2][12][13]. Financial Performance - Net sales for Q2 2025 were $107.9 million, a decrease of 12.3% compared to $123.0 million in Q2 2024, primarily due to the rationalization of underperforming businesses and lower automotive volumes [3][5]. - Loss from operations was $1.5 million, an improvement of 28.6% from a loss of $2.1 million in Q2 2024 [3]. - Adjusted operating income was $4.9 million, an increase of $2.8 million from the same period in 2024 [5][6]. - Adjusted EBITDA was $13.2 million, with an adjusted EBITDA margin of 12.2%, compared to $13.4 million and 10.9% in Q2 2024 [6][7]. Business Development and Strategy - The company has launched 70 new business programs in the first half of 2025 and expects over 100 launches in total for the year, projected to add over $45 million in future sales at run-rate [2][5]. - NN plans to invest $18 to $20 million in capital projects in 2025 to drive growth while maintaining cost controls [2][5]. - The company is actively pursuing M&A opportunities that align with its strategy to refinance preferred stock [2][12]. Segment Performance - Power Solutions segment net sales were $44.6 million, down from $50.2 million in Q2 2024, but income from operations increased to $5.8 million from $5.3 million [8][9]. - Mobile Solutions segment net sales decreased to $63.4 million from $72.9 million in Q2 2024, with an operating loss of $1.1 million, improved from a loss of $1.6 million [10][11]. Outlook - The company is maintaining its full-year 2025 outlook, with net sales expected to range between $430 to $460 million and adjusted EBITDA between $53 to $63 million [12][15]. - Free cash flow is projected to be between $14 to $16 million, assuming receipt of a CARES Act refund in 2025 [15].

Company Announcement - NN, Inc. will release its second quarter 2025 financial results on August 6, 2025, after market close [1] - A conference call to discuss the results will take place on August 7, 2025, at 9:00 a.m. E.T. [1] - Participants are required to register five to ten minutes prior to the call [1] Webcast Information - The conference call will be webcast live through the NN, Inc. Investor Relations website [2] - Registration for the webcast is available on the company's Investor Relations section [2] - A replay of the call will be accessible on the website until August 8, 2026 [2] Company Overview - NN, Inc. is a global diversified industrial company specializing in high-precision components and assemblies [3] - The company combines advanced engineering and production capabilities with materials science expertise [3] - NN, Inc. is headquartered in Charlotte, North Carolina, with facilities across North America, Europe, South America, and Asia [3]