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PRF Technologies Provides Year-End 2025 Business Update Highlighting Strategic Progress Across Healthcare and AI-Driven Solar Platforms
Globenewswire· 2026-03-27 12:00
Core Insights - PRF Technologies has undergone a significant transformation in 2025, repositioning itself as a diversified innovation platform in healthcare and renewable energy analytics [3] - The company made a majority investment in LayerBio, enhancing its healthcare pipeline with the OcuRing™-K, aimed at improving cataract surgery outcomes [4][5] - DeepSolar, acquired in March 2025, has transitioned from an acquisition to a commercial entity, focusing on AI-driven solar analytics [9][10] Healthcare Business Update - PRF's healthcare strategy evolved with the acquisition of LayerBio, expanding its focus to sustained-release ocular drug delivery [4] - OcuRing™-K is designed to deliver ketorolac during cataract surgery, potentially reducing the need for post-surgical eye drops [5][6] - The company is progressing towards a Phase II study for OcuRing™-K, with favorable safety data from preclinical and Phase I evaluations [5][6] DeepSolar Business Update - DeepSolar has launched a strategic pilot with Econergy at a 92 MW photovoltaic plant in Romania, leading to its first commercial customer agreement [10] - The company has developed a Smart Energy Management app and entered into a SaaS agreement for a 71 MW solar project in Romania [10][11] - DeepSolar's advancements reflect its growth in commercial deployment and analytics-driven solutions for solar asset management [12] Financial Results - Research and development expenses decreased to approximately $1.1 million in 2025 from $11.7 million in 2024, primarily due to reduced clinical trial costs [13] - General and administrative expenses remained stable at approximately $3.0 million for both years, with some offsetting factors [14] - The net loss for 2025 was approximately $4.8 million, a significant reduction from a net loss of approximately $14.6 million in 2024 [15]
PRF Technologies' DeepSolar Announces its First Commercial Due Diligence Engagement with EDF Power Solutions Israel, a Global Leader in Renewable Energy
Globenewswire· 2026-02-18 14:15
Core Insights - PRF Technologies Ltd. announced a solar analytics services agreement with EDF Group's subsidiary, marking a significant milestone for its DeepSolar business unit and a new revenue opportunity following the launch of Smart TDD [1][4] Group 1: Agreement Details - DeepSolar has initiated a technical due diligence engagement, analyzing historical and operational data of a utility-scale solar power plant in Israel [2][3] - The engagement utilizes DeepSolar's Smart TDD analytics to provide an independent technical review of the solar asset [2][3] Group 2: Service Features - Smart TDD is designed as a repeatable, analytics-driven due diligence solution applicable throughout a solar asset's lifecycle, supporting various use cases such as commissioning, warranty expiry, underperformance diagnosis, and asset acquisition [7][3] - The service generates structured outputs from plant data, facilitating informed decision-making for both technical teams and senior management [3][4] Group 3: Company Overview - PRF Technologies focuses on reformulating established therapeutics and developing AI-driven energy optimization technologies through its DeepSolar platform, reflecting a strategic commitment to healthcare and sustainable energy [6] - DeepSolar's AI algorithms convert complex operational data into actionable insights, enhancing asset performance and profitability [5][6]
PRF Technologies’ DeepSolar Announces its First Commercial Due Diligence Engagement with EDF Power Solutions Israel, a Global Leader in Renewable Energy
Globenewswire· 2026-02-18 14:15
Core Insights - PRF Technologies Ltd. has entered into a solar analytics services agreement with EDF Group's subsidiary for a utility-scale solar power plant in Israel, marking a significant milestone in DeepSolar's strategy and a new revenue opportunity following the launch of Smart TDD [1][2] Group 1: Agreement and Engagement - The agreement involves a technical due diligence (TDD) engagement, focusing on the analysis of historical and operational data of the solar plant [2] - DeepSolar's Smart TDD service will be utilized to conduct a structured, independent technical review of the solar asset [2][3] Group 2: Service Features and Applications - Smart TDD applies analytics to operational data to produce structured outputs for both technical teams and senior management, aiding in informed decision-making [4] - The service supports various use cases throughout a solar asset's lifecycle, including commissioning, warranty expiry assessments, underperformance diagnostics, and asset acquisition evaluations [8] Group 3: Company Overview and Technology - DeepSolar specializes in advanced digital asset management technologies for utility-scale solar plants, utilizing AI-driven algorithms to convert complex operational data into actionable insights [6] - The company is part of the NVIDIA Connect program, emphasizing its commitment to innovation in AI-powered renewable energy solutions [6]
PRF Technologies Wins Another European Utility-Scale Solar Deployment, Expanding DeepSolar's Installed Commercial Base
Globenewswire· 2026-02-11 13:30
Core Viewpoint - PRF Technologies has signed a SaaS agreement with Shikun & Binui Energy for the deployment of its DeepSolar platform at the 71 MW Satu Mare photovoltaic site in Romania, marking a significant step in the commercial rollout of its solar analytics solutions [1][2][5]. Group 1: Agreement Details - The Satu Mare project is a utility-scale solar plant that will utilize DeepSolar for continuous analytics and performance monitoring, enhancing operational visibility and supporting proactive asset management [2][3]. - This agreement signifies a commercial SaaS deployment, moving beyond pilot programs to support ongoing plant operations [2]. Group 2: Company Background - Shikun & Binui Energy is the renewable-energy subsidiary of Shikun & Binui Ltd., a leading infrastructure and construction group in Israel, with extensive experience in various sectors including energy and real estate [3]. - The deployment at Satu Mare reflects Shikun & Binui Energy's expansion in European renewable-energy markets, particularly in Romania [3]. Group 3: DeepSolar Platform - DeepSolar employs advanced analytics and machine-learning techniques to analyze operational data from solar plants, identifying performance trends and operational anomalies [4]. - The platform aims to support informed decision-making under varying market and grid conditions, enhancing asset performance and maximizing long-term value [5][7]. Group 4: Strategic Initiatives - PRF Technologies is expanding DeepSolar's capabilities, including the launch of Smart TDD for technical due diligence and the development of DeepSolar Predict for forecasting energy production [6]. - The company has filed a patent application related to plant-level micro-climate modeling, strengthening its intellectual property in solar analytics [6]. Group 5: Market Positioning - PRF Technologies aims to scale DeepSolar as a recurring SaaS platform for renewable-energy owners and financial stakeholders across European and international solar markets [7].
PRF Technologies Wins Another European Utility-Scale Solar Deployment, Expanding DeepSolar’s Installed Commercial Base
Globenewswire· 2026-02-11 13:30
Core Insights - PRF Technologies has signed a SaaS agreement with Shikun & Binui Energy for the deployment of its DeepSolar platform at a 71 MW solar project in Romania, marking a significant step in the commercial rollout of its services in the European renewable energy market [1][2][5] Company Overview - Shikun & Binui Energy is a subsidiary of Shikun & Binui Ltd., a leading Israeli infrastructure and construction group with extensive experience in various sectors including energy and real estate [3] - PRF Technologies focuses on AI-driven energy optimization technologies and has a dual business model that includes both pharmaceutical programs and renewable energy solutions [10] Product and Technology - DeepSolar utilizes advanced analytics and machine learning to analyze operational data from solar plants, aiming to enhance performance monitoring and decision-making [4][8] - The platform is designed to identify performance trends, detect anomalies, and support asset management throughout the operational life of solar projects [2][4] Market Strategy - The agreement with Shikun & Binui Energy reflects PRF Technologies' strategy to scale DeepSolar as a recurring SaaS platform for renewable energy operators and financial stakeholders in Europe and beyond [7] - Recent initiatives include the launch of Smart TDD for technical due diligence and the development of DeepSolar Predict for forecasting energy production [6]
PainReform Ltd. Changes Name to PRF Technologies Ltd.
Globenewswire· 2026-01-15 21:05
Core Viewpoint - PRF Technologies Ltd. has undergone a corporate name change from PainReform to reflect its evolution into a diversified innovation platform, expanding beyond its original single-product focus into specialty pharmaceuticals, advanced drug-delivery technologies, and AI-driven renewable-energy analytics [1][2]. Company Evolution - The name change signifies a strategic shift as the company broadens its portfolio across multiple high-growth markets, continuing to advance its non-opioid postoperative pain therapy PRF-110 while establishing additional growth platforms through LayerBio and DeepSolar [3][4]. Pharmaceutical Platform Expansion - PRF has entered the ophthalmology market with OcuRing™-K, a patented sustained-release ocular therapy aimed at addressing pain and inflammation post-cataract surgery, a multi-billion-dollar global market [4][5]. - OcuRing™-K is designed for controlled, localized therapy from a single application, eliminating the need for weeks of post-surgical eye drops, and is advancing toward the next stage of clinical development [5]. AI-Driven Energy Analytics - The company has developed DeepSolar, an AI-driven solar analytics and digital asset-management business targeting the expanding global renewable-energy market, transforming complex data into actionable intelligence for solar assets [6]. - DeepSolar has moved from development to early commercial deployment, with pilot projects progressing into customer engagements as solar assets age [6]. Strategic Growth Positioning - The transition to PRF Technologies Ltd. aims to build long-term value through diversification, platform scalability, and disciplined execution across healthcare and clean-energy technology markets [7]. - The company is focused on creating multiple platforms and paths forward, reducing reliance on any single outcome to establish durable, long-term value [8]. Company Overview - PRF Technologies Ltd. is a diversified innovation company advancing specialty pharmaceutical therapies and AI-driven energy analytics, focusing on improving patient outcomes while reducing reliance on opioids [9].
PainReform’s DeepSolar Launches Smart TDD, a Next-Generation Solar Due Diligence Service Targeting the $60B+ Global Solar Asset M&A Market
Globenewswire· 2026-01-05 14:00
Core Insights - PainReform Ltd. has launched Smart TDD, an advanced solar Technical Due Diligence service aimed at providing comprehensive assessments of solar asset performance and risk, enhancing audit capabilities for various stakeholders in the solar industry [1][4] Industry Overview - The solar industry is experiencing unprecedented growth, with over $500 billion invested in 2024 and more than $60 billion in solar assets changing hands annually, creating a significant demand for reliable technical assessments as many assets reach warranty expiration or show underperformance [2][4] Company Developments - Smart TDD addresses the limitations of traditional TDD processes by offering complete data coverage, advanced diagnostics, actionable outputs, and fast turnaround times, thus supporting all major checkpoints in a solar plant's lifecycle [3][7] - The launch of Smart TDD positions DeepSolar as a trusted analytics partner in the global solar sector, responding to the increasing demand for high-quality technical due diligence services amid rising performance issues and M&A activity [4][7] Technological Advancements - Smart TDD combines AI-driven analytics with physics-based modeling and expert engineering reviews to provide a full-picture audit, enabling investors and owners to better understand the assets they are acquiring, operating, or insuring [3][7] - The service promises to deliver preliminary results within days of data upload, significantly reducing deal friction and enhancing decision-making for buyers and financiers [7]